Details of the general investment portfolio are as follows:
Sector |
Total, December 31,2019 | % ofPortfolio, December 31, 2019 | 2019Return |
2019Average Yield |
|---|---|---|---|---|
| Deposit Investments Schedule I and II Banks |
$205,302,265 |
66.08% |
$4,718,443 |
2.45% |
Credit Unions |
55,994,629 |
18.02% |
1,493,964 |
3.15% |
CashSchedule I Bank |
$261,296,894 |
84.10% |
$6,212,407 |
2.59% |
$49,390,614 |
15.90% |
$2,040,455 |
2.20% |
|
Total |
$310,687,508 |
100.00% |
$8,252,862 |
2.48% |
Exclusive of accrued interest, deposit investments as at December 31, 2019 was comprised of the following:
| Description | Original Principal Amount |
% |
|---|---|---|
| High Interest Savings Accounts, variable | $83,344,299 | 32.20% |
| GIC – 6 months, 2.32%, matures May 19, 2020 | $20,300,000 | 7.80% |
| GIC – 2 years, 2.3%, matures March 22, 2020 | $10,000,000 | 3.90% |
| GIC – 2 years, 2.3%, matures March 22, 2020 | $10,000,000 | 3.90% |
| GIC – 5 years, 2.52%, matures November 1, 2024 |
$29,700,000 | 11.50% |
| GIC – 1 year, 2.85%, matures August 12, 2020 | $19,527,017 | 7.60% |
| GIC – 1 year, 2.85% matures August 12, 2020 | $1,039,846 | 0.40% |