Item - 2025.IB12.2

Tracking Status

This item was considered by Toronto Investment Board on September 26, 2025 and was adopted without amendment.

IB12.2 - Sinking Fund and Long Term Fund - Performance and Compliance Update for the Second Quarter 2025

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Toronto Investment Board:

1. Received the report (September 2, 2025) from the Director, Capital Markets for information.

Decision Advice and Other Information

Randy LeClair, Director, Capital Markets gave a verbal update on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Second Quarter 2025.

Fauzia Babar and Brian White gave a presentation on behalf of Aon Consulting.

Origin

(September 2, 2025) Report from the Director, Capital Markets

Summary

As required by the City's Investment Policy, the purpose of this report is to provide the Toronto Investment Board (Board) with the following:

1. The Sinking Fund and Long Term Fund performance for the second quarter of 2025.

2. Investment Policy and Plan Compliance check for the second quarter of 2025.

Background Information

(September 2, 2025) Report from the Director, Capital Markets on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Second Quarter 2025
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258481.pdf
Attachment 1A - Discussion Guide - City of Toronto (Investment Board) - Q2 2025
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258484.pdf
Attachment 1B - Quarterly Investment Review - City of Toronto (Toronto Investment Board) - Q2 2025
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258485.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258486.pdf
Attachment 3 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258487.pdf
Attachment 4 - City of Toronto Statement of Investment Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-258493.pdf

Communications

(September 26, 2025) E-mail from Nicole Corrado (IB.New)

Motions

Motion to Adopt Item moved by Mari Jensen (Carried)