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Annual Reports

SHEPP’s Annual Report is a comprehensive account of the organization’s operations, activities and financial highlights throughout the preceding year.

2024

Financial markets continued to rally through 2024 as inflation moderated and central banks began to lower interest rates. This led to strong returns across all major asset classes within the SHEPP portfolio. The one-year rate of return as at December 31, 2024 was 12.4% (net of investment management fees), bringing the total value of the Fund to $11.1 billion at year end. 

View the 2024 SHEPP Annual Report


Archived Annual Reports

2023
2022
2021