The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.9 per cent for the six-month period ended June 30, 2023.

The 12-month total fund net return was 4.8 per cent while net assets increased to $249.8 billion, according to a press release, which noted the five- and 10-year annualized total fund net returns were seven per cent and 8.6 per cent, respectively. As at Jan. 1, 2023, the plan was fully funded with a $17.5 billion surplus.

Read: Ontario Teachers’ returns 4% for 2022, driven by private equity, inflation-sensitive investments

“We saw positive returns across multiple asset classes including public and private equities, infrastructure and credit over the course of the first six months of 2023,” said Ziad Hindo, chief investment officer at the Ontario Teachers’, in the release. “Looking ahead, we will remain disciplined as we pursue attractive investment opportunities while building value within our high-quality portfolio of companies.”