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Annual Report 2006
 
Who We Are
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Seven-Year Review
 
  Financial Highlights  
     
  CPP Fund  
 
financial overview
For the year ended March 31 ($ billions)
    2006             2005  
Assets         $ 98.0           $ 81.3  
Net contributions           3.6             4.5  
Investment income           13.1             6.3  
                             
investment performance (%)           2006             2005  
Annual           15.5             8.5  
Five-year average rate of return           8.6             7.0  
                             
assets     ($ billions)     2006
(% of total)
      ($ billions)     2005
(% of total)
 
Public equities   $ 57.3     58.5 %   $ 45.7     56.2 %
Private equities     4.4     4.5       2.9     3.6  
Bonds     27.2     27.7       28.6     35.3  
Real estate     4.2 1   4.3       0.8     1.0  
Inflation-linked bonds     4.0     4.0            
Infrastructure     0.3     0.4       0.2     0.2  
Cash and money market securities     0.6     0.6       3.1     3.7  
    $ 98.0     100 %   $ 81.3     100 %
 
     
  1 Net of mortgage debt on real estate properties.  
     
 
graph: CPP Fund Asset Mix   graph: CPP Fund Investment Returns
The near-term asset-mix target
Fixed income assets include government bonds, cash and money market securities. Equities include public equities (which are publicly traded stocks) and private equities. Real return assets include inflation-linked bonds, infrastructure and real estate.
  Three-year average 13.8 per cent
Income earned on investments was 17.6 per cent in 2004, 8.5 per cent in 2005 and 15.5 per cent in 2006, for an average annual return of 13.8 per cent over three years.