OPTrust’s diversified portfolio achieved a 13.9% return for 2010, substantially outperforming both our 10.9% composite benchmark return and the Plan’s 6.75% funding target return. OPTrust’s average return of 8.7% since the Plan’s launch in 1995 exceeds both our benchmark and the Plan’s funding target for the same period.
The Plan’s net assets rose to $13.3 billion in 2010, up $1.3 billion from the year before. The increase resulted from investment income of $1.5 billion for the year. This was partly offset by benefit payments and expenses that exceeded contributions by $202 million.