Rate of Return & Fund Performance | Saskatchewan Pension Plan

Below is a thorough overview of Past Performance of your investment options, as well as more about the proven, professional investment management firms entrusted with delivering wealth for your future.

RATE OF RETURN ON INVESTMENTS

Our average rate of return in the balanced fund since inception is 8%*. All monthly earnings are allocated to SPP member accounts, minus operating expenses, which our Board of Trustees is committed to keeping as low as possible. From 1992 to 2022, the average expense was 1% of assets or less.

Pension contributions are pooled for investment in the Balanced Fund (BF) or Diversified Income Fund (DIF). BF funds are invested in a balanced portfolio of bonds, mortgages, equities, real estate, private debt, infrastructure and short-term investments to maximize earnings while minimizing risk. DIF funds are invested in a diversified portfolio of short-term Canadian debt securities, bonds and mortgages.

*Past performance does not guarantee future results.

CONTRIBUTION FUND RETURNS BY MONTH

The monthly returns for 2024 are shown below. Rate of return updated Tuesday, December 17, 2024.

Month	BF%	DIF%
Jan-24	0.20	-0.57
Feb-24	1.85	-0.08
Mar-24	1.29	0.47
Apr-24	-0.59	-0.04
May-24	1.56	0.65
Jun-24	0.22	0.53
Jul-24	2.37	0.97
Aug-24	0.20	0.42
Sep-24	1.68	0.73
Oct-24	-0.04	-0.02
Nov-24	1.56	0.43
Dec-24
YTD	10.75	3.54

INVESTMENT FUND RETURN HISTORY

Returns of balanced, diversified income and short-term funds at December 31, 2023.

Time frame	BF%** (1986)	DIF% (2020)	STF% (2010 – 2019)
2023	7.80	5.71	N/A
5 year	7.41	N/A	1.00
10 year	6.61	N/A	0.76
Return since the inception	7.73	0.91	0.76

** Return since the inception of SPP.

PRIOR TO 2010, SPP ALLOCATED RETURNS TO MEMBERS’ ACCOUNTS ANNUALLY. THE HISTORY FOR THE LAST 10 YEARS IS SHOWN BELOW.

Our full return history can be found here.

	Balanced fund		Diversified Income Fund*
Year	Earnings%	MER%	Earnings%	MER%
2023	7.80	0.90	5.71	0.81
2022	-4.07	0.85	-5.27	0.78
2021	11.53	0.92	-0.97	0.89
2020	8.72	0.83	4.57	0.85
			Short-term fund*
2019	13.99	0.90	1.81	0.12
2018	-2.05	0.89	1.48	0.12
2017	9.70	0.83	0.75	0.12
2016	6.53	0.87	0.52	0.13
2015	6.25	0.96	0.45	0.35
2014	9.10	0.95	0.64	0.40

Legend
BF	Balanced fund
DIF/STF	Diversified Income Fund formerly Short-term fund*
N/A	Not Available
YTD	Year to Date
MER	Management Expense Ratio
TBA	To be announced

*The Short-Term Fund was created in 2010. The name was changed to Diversified Income Fund effective January 1, 2020.

INVESTMENT FUND MANAGEMENT

SPP partners with professional investment fund management firms TD Global Investment Solutions, Leith Wheeler Investment Counsel Ltd., Fengate Capital Management Ltd. and Ninepoint Partners LP. Day-to-day responsibility for investment management rests with these companies. A quarterly report on compliance with the investment policy must be completed by the investment managers.