University of Toronto Asset Management Corporation

UTAM is committed to responsible investing, which we define as the incorporation of environmental, social and governance (ESG) factors into investment decision-making processes, active ownership – through proxy voting and engagement – and disclosure

We pursue a responsible investing approach because we believe that material ESG factors can have a significant impact on investment returns By integrating ESG considerations into our investment activities, we believe we can make better-informed decisions and ultimately achieve better outcomes for the portfolios we manage on behalf of the University

Our approach to integrating ESG factors into our investment process is complemented by our commitment to reducing the carbon emissions associated with the investments in the Endowment portfolio

The strategic asset allocation of the Endowment portfolio is represented by the benchmark Reference Portfolio, which has long-term risk and return attributes consistent with the objectives of this portfolio

The Reference Portfolio serves as the starting point for all of UTAM’s active investment decisions for the Endowment As we implement our investment strategy, the Reference Portfolio provides us with an objective gauge for measuring the risk and value added of our active investment activities

Expendable Funds Investment Pool (EFIP)

The EFIP portfolio is comprised of a Short-Term Portfolio and a Medium-Term Portfolio Each of these portfolios has independent, investable benchmarks that are used to assess UTAM’s active investment strategies The weightings of the Short-Term and Medium-Term portfolios reflect the University’s long-term risk and return objectives for EFIP

We are focused on investing for the long-term Our most important performance objectives are (1) to meet the University’s long-term target rates of return and (2) to add value to the Endowment portfolio by outperforming its benchmark Reference Portfolio while adhering to all constraints, including a formal risk budget

Over the 10-year period ending in 2021, the Endowment portfolio returned 10 2% This return exceeded the University’s target return of 5 8% and the benchmark Reference Portfolio return of 8 7%

Over the 10-year period ending in 2021, the EFIP portfolio returned 1 9% This return exceeded the EFIP benchmark returns of 1 6%

Our 2021 Annual Report includes details about investment performance and particularly highlights the impact of UTAM’s purpose in advancing the mission of the University of Toronto

2021 RESPONSIBLE INVESTING REPORT:

Our 2021 Responsible Investing Report details how UTAM supports the University of Toronto’s long-term commitment to sustainability – in part, by integrating environmental, social and governance (ESG) considerations into our investment process

UTAM signs 2022 Global Investor Statement to Governments on the Climate Crisis

UTAM joins more than 600 investors worldwide, representing almost USD $42 trillion in assets under management, in signing the 2022 Global Investor Statement to Governments on the Climate Crisis To…

UTAM’s 2021 Responsible Investing Report; ICGN Global Stewardship Disclosure Award shortlist

Advancing Sustainability: 2021 Responsible Investing Report We’re pleased to announce the release of our 2021 Responsible Investing Report, titled Advancing Sustainability As the title suggests, the…

Lisa Becker, UTAM’s COO, appointed to Canadian Coalition for Good Governance’s Environmental and Social Committee

UTAM is pleased to announce that Lisa Becker, UTAM’s Chief Operating Officer, has been appointed to the Environmental and Social Committee of the Canadian Coalition for Good Governance (CCGG) The…

UTAM Seeds a New RPIA Fossil Fuel Free Strategy

Toronto-based asset management firm RPIA, in collaboration with UTAM, has launched a new, actively managed credit strategy that excludes fossil fuel exposure from the portfolio The University of… Complete this form to receive the latest news from UTAM