LETTER FROM THE PRESIDENT & CEO

As we move toward the end of summer, I am connecting with all of you as promised with an update on our investment results for the first six months of 2021. As part of our commitment to increase our communication with you this year, we are pleased to share this first-time mid-year update on how our investment portfolio has performed.

Our investment return, net of expenses, was 8.8% for the period from January 1 to June 30, 2021 and the Plan’s net assets have increased to $114 billion as of June 30, 2021, up from $105 billion at December 31, 2020. Over the twelve consecutive months ending June 30, 2021, the Plan has earned a net investment return of 18.2%. Please feel free to read our six-month update, available here.

Our portfolio is actively participating in the global economic recovery and we are encouraged by the results in the first six months of 2021.

We remain committed to delivering on our long-term goals, to making high quality investments across our global platform and are steadfast in our pursuit of service excellence for all of our 525,000 members serving on the front lines in our communities across the province. Thank you for all that you do. It is an honour to work with and for you.

Our full-year 2021 results will be published in early 2022. For now, please enjoy the rest of your summer and the natural beauty that comes with the fall season here in Ontario.