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BCI at a Glance

BCI is a global investor that seeks investment opportunities in quality assets. We invest patient capital in stable companies that produce consistent cash flow and appreciate over time. We invest for the long-term, utilizing the scale of assets under management to our advantage. As an active asset manager, we use sophisticated strategies to increase the probability of meeting our clients’ actuarial rate of return.

BCI'S ANNUALIZED PENSION RETURNS1, 2 (%)
For the periods ended March 31, 2023

1The Combined Pension Plan Clients reflect the investments of BCI's six largest pension clients: BC Hydro Pension Plan; College Pension Plan; Municipal Pension Plan; Public Service Pension Plan; Teachers' Pension Plan; and WorkSafeBC Pension Plan.

2Includes the impact of clients’ currency hedging policies, where set.
CUMULATIVE VALUE ADDED1 BY BCI ($ Billion)
For the periods ended March 31, 2023

Value-add is the additional return in dollars BCI generated for clients in excess of client benchmarks through active investments and excluding the impact of clients’ currency hedging policies, after all costs and fees.

1The Combined Pension Plan Clients reflect the investments of BCI's six largest pension clients: BC Hydro Pension Plan; College Pension Plan; Municipal Pension Plan; Public Service Pension Plan; Teachers' Pension Plan; and WorkSafeBC Pension Plan.
Assets Under Management

For the year ended March 31, 2023
Public Markets $ BILLION
Fixed Income $77.1 BILLION
Public Equities $60.9 BILLION
Other Strategies1 $0.4 BILLION
Private Markets $ BILLION
Real Estate Equity2 $36.1 BILLION
Private Equity $28.3 BILLION
Infrastructure & Renewable Resources $22.3 BILLION
Real Estate Debt2 $7.9 BILLION
Gross Assets Under Management $233.0 BILLION
BCI’s funding program3 $(18.0) BILLION
Net Assets Under Management $215.0 BILLION

1Other Strategies includes cash and client currency policy hedging.
2Real estate equity and real estate debt are managed by QuadReal Property Group (QuadReal). Gross assets under management are shown net of leverage issued by QuadReal.
3Includes clients’ investment liabilities achieved through government bond repurchase agreements managed by BCI’s funding program.

GLOBAL DISTRIBUTION OF ASSETS UNDER MANAGEMENT (%)

As at March 31, 2022

A map of the world showing BCI’s global distribution of assets under management, including the United States at 38.9%, Canada at 33.7%, Europe at 11.5%, Emerging Markets at 10%, and the Asia Pacific region at 5.5%.

For the year 2022, values do not sum to 100 due to global allocation including countries not listed in the MSCI Developed and Emerging Markets indices.

1Europe includes the United Kingdom.

Managing Risk

Risk management is integral to our fiduciary role. It’s the process in which we identify, evaluate, control, monitor and communicate risks and opportunities.

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Proxy Voting Record

As an active asset owner, BCI considers informed voting an essential component of our commitment to engagement. Our searchable database provides an account of our voting.

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Pooled Funds

Our product line is diversified by asset class, region, and style. Similar to a mutual fund, the pooled fund combines client contributions and is then invested in securities and other assets.

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