August 12, 2015 / 5:38 AM / 2 years ago

Factbox: Energy investments of the U.S. Catholic Church

(Reuters) - Some of the largest American Catholic dioceses hold millions of dollars invested in energy companies, from hydraulic fracturing firms to oil sands producers, U.S. records show.

Below is a selection from dioceses that make disclosures:

Archdiocese of Boston:

Held $4.6 million in energy stocks in 2014, equal to 5.9 percent of its equities holdings. In total, the archdiocese had $190.9 million in investments, 60 percent of which was in equities, with much of the rest in fixed income.


Archdiocese of Chicago:

Under 8 percent of the archdiocese’s $1.65 billion portfolio was invested in fossil fuels in 2014, according to a spokeswoman. That included some $18.7 million in energy and commodities alternative investments held through hedge funds and limited partnerships. The archdiocese did not provide a breakdown of its equities holdings.


Diocese of Rockville Centre (Long Island):

Held $6.3 million in energy company shares, representing 8 percent of its equities holdings in 2013. The diocese had a total $220 million invested, of which $80 million was in equities.


Archdiocese of Baltimore:

Held $6.9 million invested in “commodities and natural resources” in 2014, representing 6.3 percent of its overall $110 million portfolio.


Diocese of Toledo

Held $52.2 million in mutual fund investments in 2014. According to an asset allocation summary issued by the diocese in January 2015, the holdings include S&P500 energy companies through mutual fund World Asset Management and companies like BP, Royal Dutch Shell, Suncor, Exxon, Chevron, and CNOOC through funds offered by DFA.



The Catholic Community Foundation of Minnesota, which invests for Catholic dioceses in Minnesota, reported investments totaling $260.2 million in 2014, $18.6 mln of which was in the energy-heavy Prudential Jennison Natural Resources Fund. That’s about 7 percent of its portfolio.


S&P 500 index: Energy makes up 7.1 percent of the S&P 500 index.

Sources: annual financial reports.

Reporting by Richard Valdmanis; Editing by Mary Milliken

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