PSP Investments

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
World Equity
Canadian Equity	13,607
Foreign Equity
US Large Cap Equity	2,791
EAFE Large Cap Equity	2,225
Small Cap Developed World Equity	2,348
Emerging Markets Equity	2,961
Private Equity	4,069
Nominal Fixed Income
Cash & Cash Equivalents¹	914
World Government Bonds	1,675
Canadian Fixed Income	3,927
Real Return Assets
World Inflation-Linked Bonds	2,203
Real Estate	3,872
Infrastructure	1,718
Net Investments	42,310

Other assets (liabilities), net

(11)

Net Assets

42,299

¹	Includes amounts related to absolute return and real estate debt strategies.

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
World Equity
Canadian Equity	9,853
Foreign Equity
US Large Cap Equity	1,536
EAFE Large Cap Equity	1,486
Small Cap Developed World Equity	1,438
Emerging Markets Equity	2,173
Private Equity	3,946
Nominal Fixed Income
Cash & Cash Equivalents¹	1,376
World Government Bonds	1,548
Canadian Fixed Income	3,513
Real Return Assets
World Inflation-Linked Bonds	1,560
Real Estate	3,722
Infrastructure	1,508
Net Investments	33,659

Other assets (liabilities), net

2

Net Assets

33,661

¹	Includes amounts related to absolute return and real estate debt strategies.

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Developed World Equity
Canadian Equity	6,391
US Large Cap Equity	672
EAFE Large Cap Equity	756
Small Cap Developed World Equity	566
Emerging Markets Equity	1,539
Private Equity	3,039
Nominal Fixed Income
Cash & Cash Equivalents¹	53
World Government Bonds	1,526
Canadian Fixed Income	3,084
Real Return Assets
World Inflation-Linked Bonds	1,732
Real Estate	3,374
Infrastructure	1,773
Net Investments	24,505

Other assets (liabilities), net

(9)

Net Assets

24,496

¹	Includes amounts related to absolute return and real estate debt strategies.
Please take note that the 2009 results are presented in a different fashion than previous years. Historical data have not been adjusted according to new accounting presentation standards. For references, please consult the 2009 Annual Report.

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Developed World Equity
Canadian Equity	8,377
US Large Cap Equity	1,280
EAFE Large Cap Equity	1,329
Small Cap Developed World Equity	1,401
Emerging Markets Equity	1,979
Private Equity	2,884
Nominal Fixed Income
Cash Equivalents¹	386
World Government Bonds	1,632
Canadian Fixed Income	3,521
Real Return Assets
World Inflation-Linked Bonds	1,605
Real Estate	2,925
Infrastructure	975
Net Investments	28,294

Other assets (liabilities), net

(30)

Net Assets

28,264

1	Includes amounts related to absolute return and real estate debt strategies.
Please take note that the 2008 results are presented in a different fashion than previous years. Historical data have not been adjusted according to new accounting presentation standards. For references, please consult the 2008 Annual Report.

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Developed World Equity
Canadian Equity	7,504
US Large Cap Equity	1,815
EAFE Large Cap Equity	1,250
Small Cap Developed World Equity	2,133
Emerging Markets Equity	1,817
Private Equity	1,212
Nominal Fixed Income
Cash Equivalents	282
World Government Bonds	1,208
Canadian Fixed Income	3,942
Real Return Assets
World Inflation-Linked Bonds	1,245
Real Estate	2,613
Infrastructure	348
Absolute Return	58
Net Investments	25,427

Other assets (liabilities), net

(17)

Net Assets

25,410

Please take note that the 2007 results are presented in a different fashion than previous years. Historical data have not been adjusted according to new accounting presentation standards. For references, please consult the 2007 Annual Report.

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Developed World Equity
Canadian Equity	6,767
US Large Cap Equity	1,895
EAFE Large Cap Equity	2,329
Small Cap Developed World Equity	1,453
Emerging Markets Equity	1,407
Private Equity	218
Nominal Fixed Income
Cash Equivalents	284
Canadian Fixed Income	3,795
Real Return Assets
World Inflation-Linked Bonds	305
Real Estate	1,147
Absolute Return	415
Net Investments	20,015

Other assets (liabilities), net

(19)

Net Assets

19,996

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Cash Equivalents	316
Bonds
Fixed Return	3,711
Real Return	158
Public & Private Equities
Public Equities
Canadian Equity	5,598
US Equities
Large Cap	1,670
Small Cap	76
EAFE Equity	1,809
Emerging Equity	256
Private Equity	2
Real Estate	310
Absolute Return Strategies	72
Net Investments	13,978

Other assets (liabilities), net

(3)

Net Assets

13,975

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Canadian Equities	3,823
Foreign Equities	2,826
Real Estate	53
Fixed Income	3,434
Cash Equivalents	69
Net Investments	10,205

Other assets (liabilities), net

1

Net Assets

10,206

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Canadian Equities	2,245
Foreign Equities	1,478
Fixed Income	1,858
Cash Equivalents	174
Net Investments	5,755

Other assets (liabilities), net

2

Net Assets

5,757

As at March 31

($ millions)

Breakdown of Net Investments by Asset Class
Canadian Equities	1,392
Foreign Equities	1,190
Fixed Income	1,257
Cash Equivalents	118
Net Investments	3,957

Other assets (liabilities), net

18

Net Assets

3,975

¹	Includes amounts related to absolute return and real estate debt strategies.
²	Inception date: June 27, 2011.