Portfolios

The ELCIC Pension Plan has two investment funds. Please refer to the Statement of Investment Policies & Procedures for detailed investment portfolio construction.

Fixed Income Fund

The Fixed Income Fund investments are managed by Phillips Hager & North (PH&N).

On December 31, 2016 the investments included the following:

      Investment

$

PH&N CDN Money Market

544,816

PH&N Community Values Bond Pooled

28,244,179

PH&N Mortgage Pension Trust

7,534,382

Total Fixed Income

36,323,377

Top 10 Holdings in the PHN Community Values Bond Fund

HoldingCountrySector
Province of Ontario 7.600% 02.Jun.27CanadaProvincial
Government of Canada 0.750% 01.Mar.21CanadaFederal
Province of Ontario 3.500% 02.Jun.43CanadaProvincial
Royal Bank of Canada 1.400% 26.Apr.19CanadaCorporate
Government of Canada 0.750% 1.Sep.21CanadaFederal
Province of Quebec 8.50% 1Apr.26CanadaProvincial
Province of Ontario 4.600% 02.Jun.39CanadaProvincial
Province of Ontario 5.600% 02.Jun.35CanadaProvincial
National Grid Electricity Transmission 2.730% 20Sep.17CanadaCorporate
Government of Canada 0.750% 01.Sep.20CanadaFederal

Growth Fund

The Growth Fund Investments are managed by two Canadian equity managers, Jarislowsky Fraser (JF) and Manulife Asset Management (MAM), and one global equity manager,AllianzGI.

On December 31, 2016 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

12,391,718

JF Special Equity Fund

1,066,925

MAM Canadian Large Cap Growth Pooled

13,226,878

26,685,521

Global Equities
 AllianzGI Global Sustainability Fund

24,505,115

Total Equities

51,190,636

Top 10 stocks held by JF

HoldingCountrySector
The Toronto Dominion BankCanadaFinancials
Royal Bank of CanadaCanadaFinancials
Bank of Nova ScotiaCanadaFinancials
Enbridge Inc.CanadaPipelines
Canadian Natural Resources LimitedCanadaEnergy
Canadian National Railway CompanyCanadaTransportation
Manulife Financial CorporationCanadaFinancials
Open Text CorporationCanadaTechnology
Alimentation Couche-Tard IncCanadaConsumer Staples
SNC-Lavalin Group OncCanadaConstruction

Top 10 stocks held in Manulife Canadian Large Cap Growth Pooled Fund

HoldingCountrySector
Royal Bank of CanadaCanadaFinancials
The Toronto Dominion BankCanadaFinancials
Suncor Energy Inc.CanadaEnergy
Bank of Nova ScotiaCanadaFinancials
Canadian Natural ResourcesCanadaEnergy
Canadian National Railway CompanyCanadaIndustrials
Brookfield Asset Manage-CL ACanadaFinancials
Alimentation Couche-TardCanadaConsumer Staples
Sun Life FinancialCanadaFinancials
Restaurant BrandsCanadaConsumer Discretionary

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
Visa IncUnited States
PrudentialUnited Kingdom
Alphabet Inc Cl AUnited States
Unilever PLCUnited Kingdom
Johnson & JohnsonUnited States
EOG Resources IncUnited States
Microsoft CorpUnited States
Daikin Industries LtdJapan
Starbucks CorpUnited States
Amadeus IT Group SASpain