Item - 2026.IB15.6

Tracking Status

This item was considered by Toronto Investment Board on March 23, 2026 and was adopted without amendment.

IB15.6 - Investment Manager Fees Update

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Confidential Attachment - The attachment to this report involves the security of property belonging to the City of Toronto and the Toronto Investment Board.

Board Decision

The Toronto Investment Board:

1. Directed that the confidential information contained in Confidential Attachment 1 to the report (March 1, 2026) remain confidential in its entirety, as it contains information that involves the security of property belonging to the City and the Toronto Investment Board.

Decision Advice and Other Information

The Director, Capital Markets gave a verbal update on Investment Manager Fees Update.

Origin

(March 4, 2026) Report from the Director, Capital Markets

Summary

This report provides an annual update of the Investment Manager fees paid by the Toronto Investment Board ("Board") for the year ending December 31, 2025. The confidential attachment to this report provides a summary of the fees.

All fees are in-line and in accordance with the amounts contracted with each Investment Manager.

Background Information

(March 4, 2026) Report from the Director, Capital Markets on Investment Manager Fees Update
https://www.toronto.ca/legdocs/mmis/2026/ib/bgrd/backgroundfile-284976.pdf
Confidential Attachment 1 - Investment Manager Fee Summary for the Period Ending December 31, 2025

Motions

Motion to Adopt Item moved by Sharon Castelino (Carried)