Portfolio performance

Learn how the investment portfolio of BC's College Pension Plan performed in recent years.

The plan has a long-term investment horizon and is able to withstand short-term market volatility. The board and BCI remain focused on holding a diversified investment portfolio that follows a disciplined, long-term approach to managing plan investments.

In the fiscal year ending August 31, 2022, the College Pension Plan's investment portfolio earned a net return of -2.0 per cent, above the market benchmark of -7.3 per cent. The five-year annualized return was 7.6 per cent, above the market benchmark of 5.9 per cent. The five-year return exceeded the long-term nominal return objective of 6 per cent.

At fiscal year-end, the market value of the plan's investment assets was $6.6 billion, slightly down from the $6.7 billion at the end of the prior fiscal year.

A benchmark is an industry standard against which an asset's actual rate of return is compared. The College Pension Board of Trustees uses benchmarks to measure how well the investment manager is doing compared to investment performance standards.

Rates of return against performance benchmarks (as at August 31):

(All values %) Investment returns Performance benchmark
Annual Rates
2022 -2.0 -7.3
2021 16.9 13.9
2020 8.0 8.8
2019 5.8 4.5
2018 10.3 9.4
Five-year annualized rates
2022 7.6 5.9
2021 9.6 9.0
2020 7.6 7.6
2019 7.4 6.7
2018 9.7 8.9
Ten-year annualized rates
2022 8.7 7.3
2021 9.7 8.7
2020 8.8 8.0
2019 8.7 7.6
2018 7.5 6.8

Annual rate of return: the change in net asset values over a year due to interest income, dividends, fees and changes in market value.

Annualized rate of return: the average annual rate of return over a multi-year period. Annualized returns tend to be less volatile than annual returns, as they smooth out the ups and downs experienced over shorter timelines.

Related documents for investments

Statement of Investment Policies and Procedures