Annual Report 2025
Where Value
Takes Shape
Overview
Value takes shape the same way a landscape does — slowly, steadily, by forces that rarely make headlines, but always leave a mark.
It is forged over years, not moments.
In 2025, AIMCo navigated complexity with focus, applying expertise, cost discipline and conviction in service of our clients’ long-term objectives.
From Alberta, we look outward — investing across markets and cycles with purpose, on behalf of the people who build, teach, heal, protect and power this province.
2025 Highlights
For the year ended December 31, 2025
Assets Under Management
$
194.7
B
Balanced Fund Net Investment Rate of Return
7.6
%
Total AIMCo Net Investment Rate of Return
7.5
%
2025 ASSET MIX
Money Market & Fixed Income
Money Market, Fixed Income, Mortgages, Real Return Bonds, Private Debt & Loan
Private Markets
Infrastructure, Real Estate, Renewable Resources, Private Equity
Public Equities & Absolute Return
$
190.4
B
Total AIMCo*
$
187.3
B
Balanced Fund
For calendar year ending December 31, 2025
*Total AIMCo Fund calculations do not include $4.3 billion of assets that do not meet the required conditions for inclusion in AIMCo’s excess returns as of December 31, 2025.
Long-Term Investment Performance
Balanced Fund Four-Year Net Annualized Rate of Return
5.7
%
Balanced Fund Ten-Year Net Annualized Rate of Return
7.2
%
Balanced Fund Ten-Year Net Investment Return
$
76.5
B
2025 Global
Asset Mix
AIMCo invests globally to build diversified, long-term focused portfolios for our clients. We are a made-in-Alberta entity with the scale, operational independence and expertise to serve all who rely on us.
Our Purpose
We help our clients secure a better financial future for the Albertans they serve.
Get the Full 2025 Annual Report
Find out how AIMCo is shaping value on behalf of clients and the Albertans they serve.