105  / SERVICE EXCELLENCE Summary of the assets of the Company’s DB pension plans The following is a summary of the assets of the Company’s DB pension plans at December 31, 2019 and 2018. As of December 31, 2019 and 2018, there were no plan assets classified as Level 3 valued investments. Assets Measured at Fair Value Investments measured at NAV (1) Total Plan Assets (in millions of Canadian dollars) Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) December 31, 2019 Cash and cash equivalents $ 112 $ — $ — $ 112 Fixed income Government bonds (2) 233 1,857 — 2,090 Corporate bonds (2) 273 819 — 1,092 Mortgages (3) 159 5 — 164 Public equities Canada 1,351 — — 1,351 U.S. and international 5,883 22 — 5,905 Real estate (4) — — 724 724 Infrastructure (5) — — 187 187 Private debt (6) — — 313 313 Derivative instruments (7) — (59 ) — (59 ) Absolute return (8) Funds of hedge funds — — 1,418 1,418 Multi-strategy funds — — 22 22 $ 8,011 $ 2,644 $ 2,664 $ 13,319 December 31, 2018 Cash and cash equivalents $ 127 $ 12 $ — $ 139 Fixed income Government bonds (2) 101 1,281 — 1,382 Corporate bonds (2) 128 1,606 — 1,734 Mortgages (3) 41 — — 41 Public equities Canada 1,287 — — 1,287 U.S. and international 4,892 24 — 4,916 Real estate (4) — — 697 697 Infrastructure (5) — — 259 259 Private debt (6) — — 162 162 Derivative instruments (7) — (7) — (7) Absolute return (8) Funds of hedge funds — — 1,189 1,189 Multi-strategy funds — — 286 286 Credit funds — — 32 32 Equity funds — — 232 232 $ 6,576 $ 2,916 $ 2,857 $ 12,349