Pension fund manager OMERS earned an investment return of 11.5% after all expenses last year, topping the 10.3% result it posted in 2016.

The defined-benefit pension plan for Ontario’s municipal employees said all of its major asset classes performed well for the year.

OMERS public equity investments were up 14.7% in 2017, while its total fixed income earned 4.3%.

Private investments by the fund earned 11.6% including 11.1% by private equity, 12.3% by infrastructure and 11.4% by real estate.

The pension fund said it’s funded status in 2017 improved to 94%, up from 93.4% in 2016.

OMERS invests and administers pensions for members from municipalities, school boards, emergency services and local agencies across Ontario.