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Toronto Investment Board · 2026-09-25 · 2026.IB17.4

money

Toronto Investment Board decides · Fri, Sep 25

Toronto Investment Board to review second-quarter performance of city pension and long-term funds

Citywide

The Toronto Investment Board received an update on the performance and compliance of the city's sinking fund and long-term fund for the second quarter of 2026 on September 25, 2026. No action was taken on the item.

How to act

The journey

Fri, Sep 25 · Toronto Investment Board · scheduled, not yet heard
Why is this story here?
ContainedThe board is reviewing performance and compliance of two significant city funds, a substantive governance check, but it is a routine quarterly report with no decision-making authority shown on the agenda. Compliance verification and asset performance tracking are recurring, bounded functions.Invisible to residentsIf the board receives this report and takes no action, nothing changes on the ground. A report received is procedurally complete but substantively inert. The funds' underlying performance matters to pension holders, but the act of reviewing a quarterly report changes nothing in their week.

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The record as the City filed it

Staff recommended

The Director, Capital Markets and Treasury recommends that: 1. The Toronto Investment Board adopt the INREV Global Real Estate Fund Index (GREFI), as presented in Confidential Attachment 2, as supplementary comparative information for purposes of reviewing the performance of the Board's real estate investments. 2. The Toronto Investment Board direct that Confidential Attachments 1 and 2 remain confidential in their entirety,

Show the rest of Staff recommended, 128 more characters as filed

as they contain information that involves the security of property belonging to the City or one of its agencies or corporations.

Considered

Official title: Sinking Fund and Long Term Fund - Performance and Compliance Update for the Second Quarter of 2026 · the item as the City filed it

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