force-reserve-pension-results.asp

2010 Returns

Historical Returns

Historical Net Income

2010 Returns by Asset Class
As at March 31

	Portfolio Returns (%)	Benchmark Returns (%)
World Equity
Canadian Equity	40.4	40.7
Foreign Equity
US Large Cap Equity	20.1	20.8
EAFE Large Cap Equity	24.5	24.5
Small Cap Developed World Equity	29.2	33.5
Emerging Markets Equity	47.4	46
Private Equity	28.8	13.5
Nominal Fixed Income
Cash Equivalents	0.7	0.3
World Government Bonds (3 years)	-14.6	-14.7
Canadian Fixed Income	5.4	5.1
Real Return Assets
World Inflation-linked Bonds	-10.0	-9.9
Real Estate	0.6	7.4
Infrastructure (3.75 years)	7.2	3.7
Total Return	21.5	19.8

Reserve Force Pension Plan Account Historical Returns by Asset Class

For years ended March 31

2009

2008

Historical Net Income (Losses) from Operations of the
Reserve Force Pension Plan Account

For years ended March 31

	Portfolio Returns (%)	Benchmark Returns (%)
Developed World Equity
Canadian Equity	(32.3)	(32.4)
US Large Cap Equity	(27.7)	(24.1)
EAFE Large Cap Equity	(33.6)	(34.4)
Small Cap Developed World Equity	(30.0)	(26.7)
Emerging Markets Equity	(34.0)	(35.1)
Private Equity	(32.3)	(31.6)
Nominal Fixed Income
Cash Equivalents	2.8	2.4
World Government Bonds	19.4	19.4
Canadian Fixed Income	4.7	4.9
Real Return Assets
World Inflation-linked Bonds	5.9	6.0
Real Estate	(16.8)	6.6
Infrastructure	6.0	5.8
Total Return	(22.7)	(17.6)

As at March 31	Portfolio Returns (%)	Benchmark Returns (%)
Developed World Equity
Canadian Equity	(0.6)	(0.1)
US Large Cap Equity	(21.8)	(16.3)
EAFE Large Cap Equity	(14.2)	(14.6)
Small Cap Developed World Equity	(23.7)	(21.1)
Emerging Markets Equity	4.6	4.9
Private Equity	9.8	5.2
Nominal Fixed Income
Cash Equivalents	3.8	4.5
World Government Bonds	8.3	8.4
Canadian Fixed Income	6.3	6.2
Real Return Assets
World Inflation-linked Bonds	7.6	7.5
Real Estate	22.1	7.1
Infrastructure	3.3	n/a
Total Return	(1.5)	0.0