10-year net annualized return stands at 8.8%.
Net investment gains above the Reference Portfolio totalled $8.6 billion over five years and $14.5 billion over ten years, achieved within funding risk tolerance.
Net return of 6.5% recorded in fiscal 2026.
Net assets under management grew to $320.6 billion, an increase of $20.9 billion or 7%.
Track record of solid investment returns helped drive surplus funding positions.
Operating costs ratio decreased to 24.7 basis points (bps) compared to 27.9 bps in the previous year.
All figures are in Canadian dollars unless otherwise noted.
MONTRÉAL, June 16, 2026 /CNW/ - The Public Sector Pension Investment Board (PSP Investments) ended its fiscal year on March 31, 2026, with net assets under management of $320.6 billion, up 7.0% from the prior year. The fund generated a one-year net return of 6.5% and a 10-year net annualized return of 8.8%. These results support the long-term sustainability of the pension plans of the federal Public Service, the Canadian Armed Forces, the Royal Canadian Mounted Police and the Reserve Force. PSP Investments' one-year net return exceeded the actuarial discount rates required to meet the long-term pension obligations of the plans it serves, which remain in a strong overall funding position.
PSP Investments' $320.6 billion in assets under management is the result of sustained long-term investment performance combined with ongoing pension plan contributions. Investment returns earned by PSP Investments represent approximately 70% of net assets under management, while fund transfers received from the Government of Canada since April 1, 2000, represent the remaining 30%.
"Despite heightened volatility and uncertainty, PSP Investments delivered solid results and continued to strengthen the long-term funding position of the pension plans we support," said Deborah K. Orida, President and CEO, PSP Investments. "Our long-term results, the stability of the returns, and the funding of the plans are the best indicators of how we are fulfilling our role as a pension investor."
By delivering strong, stable returns over the long-term, PSP Investments continues to fulfill its mission to support the retirement security of the people who protect and serve Canada.
Long-term performance anchors portfolio resilienceOver the long term, PSP Investments' strategy continues to generate value for contributors and beneficiaries. Over the 10-year period, the Fund delivered a net annualized return of 8.8%, generating $14.5 billion in cumulative net investment gains above the Reference Portfolio.
PSP Investments' portfolio is deliberately structured to balance resilience and long-term value creation, with a diversified mix of public and private assets, global exposures, and active management. This diversification serves as a stabilization mechanism over time. Over the long term, PSP Investments' value proposition is demonstrated through a consistent track record of delivering returns above ...
