The OPSEU Pension Trust returned 5.3 per cent for 2023, according to its latest year-end report.

It found, as of Dec. 31, 2023, the plan’s net assets stood at $25 billion, up from $24.64 billion in 2022. It also reported a funded status of 100 per cent, marking 15 consecutive years at a fully funded status.

Read: OPTrust posts 2.2% net losses in 2022, remains fully funded

Public equities (16.6 per cent), credit (12 per cent), private equity (8.7 per cent), multi-strategy investments (seven per cent) and commodities (negative 2.7 per cent) all generated higher returns than in 2022 (up from negative 17.6 per cent, negative 3.5 per cent, 4.8 per cent, negative 1.4 per cent and negative 7.1 per cent, respectively). The report noted the return from equities was attributable to exposure in technology-themed stocks, which recovered from a deep negative return in 2022.

Conversely, returns from infrastructure (2.7 per cent) and real estate (negative 1.9 per cent) decreased from 2022 (21.1 per cent and 15 per cent, respectively).

“Against a backdrop of volatile markets, global conflict and an affordability crisis, stability and security are more important than ever,” said Peter Lindley, president and chief executive officer at the OPTrust, in a press release. “By striving to construct a portfolio that is resilient to a variety of economic environments, we remain focused on the long-term and in a strong position to pay pensions today and decades into the future.”

Read: OPTrust aiming to cut 30% of carbon footprint from portfolio by 2030