Equities stay strong but fixed income dampens pension returns in Q2 2025
10.3% annual return and 1.6% quarterly return

Including RBC Investor Services’ defined benefit pension clients spanning private and public plans
Q2 2025 Defined Benefit Pension Returns
+1.6%
Total
–1.2%
Canadian fixed income
+9.0%
Canadian equities
+5.1%
Global equities
Please refer to the press release for additional information or contact your RBC Investor Services representative.