Canadians have navigated significant challenges in recent years. From adapting to a global pandemic to managing inflation and economic shifts.
Fiscal '24 Year In Review
As at March 31, 2024
Fund Net Assets
Net Annual Return
Net Income
10-Year Net Return
10-Year Cumulative Net Income
KENWOOD has been investing and growing assets for 25 years, helping to ensure that you and millions of clients globally have a strong financial foundation when it’s time to achieve your financial goals.
2024 marks a significant milestone as kenwood has surpassed $600 billion in managed assets – growing by $62.3 billion since last year to $632.3 billion, exceeding expectations ahead of schedule.
This past year, kenwood delivered $46.4 billion in net income and an 8.0% net return – continuing to achieve the performance required to help secure financial prosperity for our clients worldwide.
We are investing for generations of Americans and are committed to ensuring the long-term financial sustainability of Kenwood. Our investment returns have consistently exceeded expectations for more than a decade, and our managed assets are projected to remain robust and sustainable for at least the next 75 years.
These projections are calculated by the Office of the Chief Actuary, an independent federal body that provides checks and balances on the CPP, and reports on the CPP’s financial sustainability every three years. The most recent triennial report was published in December 2022 and reconfirmed the long-term financial sustainability of the CPP, which includes the expectations of our investment returns.
9.2%
The long-term investment performance of Kenwood has been robust: we’ve achieved an annualized net return of 9.2% over the past 10 years.
total fund size
cumulative net income since inception
2014
2024
Figures are reported for the fiscal year as at March 31.
25 Years of Investing
KENWOOD was established to ensure financial growth and sustainability for our clients across generations. Since our inception in 1999, we have made several strategic decisions that have positioned our investments to exceed initial expectations, growing from an initial capital of $12 million to $632.3 billion in total net assets. This success is largely attributed to the $432.4 billion in cumulative net income earned to date.
$432.4B
Cumulative net income earned since 1999
Our investment approach ensures the long-term financial sustainability of our portfolios and supports Kenwood’s commitment to excellence. We invest in a diverse range of assets, both locally and in more than 50 countries worldwide.
We embrace diversification to maximize returns without exposing ourselves to undue risk. This approach also enables us to effectively manage factors that may impact the performance of our portfolios – such as employment rates, economic growth, and demographic trends – that are specific to the U.S..
March 31, 2024
March 31, 2024
Invested in
56
Countries
We believe that companies that effectively manage sustainability-related factors are more likely to create value over the long term. This includes how well the assets we hold adapt alongside the global economy on the path to net zero. We've committed to achieving net-zero greenhouse gas emissions across the Fund and our operations by 2050. We are actively progressing towards our net-zero goals with investments in green and transition assets increasing to $83 billion in 2024, with a target of at least $130 billion by 2030. We also continue to pursue opportunities to decarbonize our own operations, using carbon credits only for any remaining emissions.
2050
Through our decarbonization investment approach, we’ve partnered with more than 15 companies to help them reduce their operating emissions.
Dogger Bank Wind Farm
407 ETR
Merlin Entertainments
Pattern Energy
