Total funded ratio
1.129x
AUM $83B / Liabilities $73.5B
Liquidity & funded ratio by region
Geographic breakdown
Last updated
Domestic allocation
40%
Canada — primary liquidity source
Wtd avg cost (geo)
72 bps
Allocation-weighted across regions
Regions covered
6
Across developed & emerging markets
Liquidity profile by region
Percentage breakdown across liquid, semi-liquid, and illiquid horizons
Liquid (<5 days) Semi-liquid (5–90 days) Illiquid (>90 days)
5-day liquidity share
$3.2B total available
Canada$1420M
United States$980M
Europe (ex-UK)$378M
United Kingdom$218M
Asia-Pacific$162M
Emerging Markets$61M
Funded ratio contribution by region
Each region's share of the 1.129x total funded ratio
| Region | AUM ($B) | % Fund | Funded ratio contrib | 5-day liq ($M) | Cost (bps) | FX exposure |
|---|---|---|---|---|---|---|
Canada | $33.2 | 40% | 0.451x | $1420 | 28 | None (base currency) |
United States | $24.9 | 30% | 0.338x | $980 | 85 | USD — 70% hedged |
Europe (ex-UK) | $10.8 | 13% | 0.147x | $378 | 110 | EUR — 80% hedged |
United Kingdom | $5.8 | 7% | 0.079x | $218 | 65 | GBP — 90% hedged |
Asia-Pacific | $5.8 | 7% | 0.079x | $162 | 145 | Multi-currency — 60% hedged |
Emerging Markets | $2.5 | 3% | 0.034x | $61 | 220 | Multi-currency — 40% hedged |
| Total | $83 | 100% | 1.129x | $3219 | 72 | — |