Item - 2026.IB15.4
Tracking Status
- This item was considered by Toronto Investment Board on March 23, 2026 and was adopted without amendment.
IB15.4 - Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2025
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Toronto Investment Board:
1. Received this item for information.
Decision Advice and Other Information
The Director, Capital Markets gave a verbal update on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2025.
Fauzia Babar and Brian White gave a presentation on behalf of Aon Consulting.
Origin
(February 28, 2026) 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 fourth quarter and full year of 2025.
2. Investment Policy and Plan Compliance check for the fourth quarter and full year of 2025.
Background Information
(February 28, 2026)
Report from the Director, Capital Markets on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2025
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284963.pdf
Attachment 1A - Toronto Investment Board - Discussion Guide (Aon) - Q4 2025
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284964.pdf
Attachment 1B - Toronto Investment Board - Performance Monitoring Report - Q4 2025
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284965.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284966.pdf
Attachment 3 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284967.pdf
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284963.pdf
Attachment 1A - Toronto Investment Board - Discussion Guide (Aon) - Q4 2025
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284964.pdf
Attachment 1B - Toronto Investment Board - Performance Monitoring Report - Q4 2025
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284965.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284966.pdf
Attachment 3 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284967.pdf
Motions
Motion
to Adopt Item
moved by
Terry Carr
(Carried)
That the item be received for information.