Message From The President Highlights It's A Defined Benefit Plan Sources Of Funding Buyer Beware Cost-Of-Living Adjustments Membership Benefit Changes Pension Commmittee Investment Committee Asset Mix Investments At December 31, 2000 Asset Types Investment Managers Custodian/Trustee Pension Plan Performance Financial Statements

You are in: The Plan : Publications : 2000 Annual Report : Investment Managers   Investment Managers The responsibility for investing the Plan’s assets rests with external investment managers under the direction of the Investment Committee and the Audit Committee of the MTS Board of Directors. The current managers and the types of the investments they manage are: Altamira Management Ltd. (small capitalization Canadian equities) American Express Asset Management Group Inc. (global equities) Beutel, Goodman & Company Ltd. (Canadian equities and bonds) BonaVista Asset Management Ltd. (Canadian equities) GWL Investment Management Ltd. (indexed Canadian equities, real estate and mortgages) Phillips, Hager & North Investment Management Ltd. (Canadian bonds) TD Quantitative Capital Inc., a 100% owned subsidiary of the Toronto-Dominion Bank (indexed Canadian bonds and indexed U.S. equities) These managers were chosen for: the quality and experience of their principals their approach to investing their investment performance track record over several market cycles the level of fees they charge Where more than one manager directs the investment of a single asset type (e.g., Canadian equities), the managers were chosen for their different investment styles. Copyright 2004. All rights reserved.