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 June 30, 2018 the investments included the following:

Investment               $
Money market     284,228
High Yield Mortgage  4,115,917
Mortgage Pension Trust 7,937,774
Core Plus Bond Fund 29,060,166
Total Fixed Income Fund 41,398,085

Top 10 Holdings in the RBC Vision Bond Fund

HoldingCountrySector
Canada Housing Trust No. 1 2.400% 15.Dec.22CanadaFederal
Government of Canada 1.750% 01.Mar.23
CanadaProvincial
Province of Ontario 5.600% 2.June.35CanadaProvincial
Government of Canada 1.750% 1.May.20CanadaFederal
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
United States Treasury 3.125% 15.May.48CanadaProvincial
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Government of Canada 2.500% 01.June.24CanadaProvincial
Province of Ontario 3.150% 2.June.22CanadaFederal
Government of Canada 1.750% 1.Aug.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 June 30, 2018 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

12,282,240

JF Special Equity Fund

823,305

MAM Canadian Large Cap Growth Pooled

12,616,230

25,721,775

Global Equities
 AllianzGI Global Sustainability Fund

24,632,836

Total Equities

50,354,611

Top 10 stocks held by JF

HoldingCountrySector
Royal Bank of CanadaCanadaFinancials
Bank of Nova ScotiaCanadaFinancials
Enbridge Inc.CanadaPipelines
Canadian National Railway CompanyCanadaTransportation
Canadian Natural Resources LimitedCanadaEnergy
Nutrien Ltd.CanadaMaterials
Manulife Financial CorporationCanadaFinancials
Open Text CorporationCanadaTechnology
Alimentation Couche-Tard Inc BCanadaConsumer Staples
CGI GroupCanadaInformation Technology

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

HoldingCountrySector
Royal Bank of CanadaCanadaFinancials
Toronto Dominion BankCanadaFinancials
Suncor Energy Inc. CanadaEnergy
Bank of Nova ScotiaCanadaFinancials
Canadian National Resources Ltd.CanadaEnergy
Canadian Pacific Railway Ltd.CanadaIndustrials
Canadian National Railway CompanyCanadaIndustrials
Canadian Imperial Bank of CommerceCanadaFinancials
Brookfield Asset Manage-CL ACanadaFinancials
Alimentation Couche-Tard Inc. CanadaConsumer Staples

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
VISA Inc Class A SharesUnited States
Microsoft CorpUnited States
Alphabet Inc. Cl AUnited States
Amadeus IT GroupSpain
Royal Dutch Shell PLCUnited Kingdom
Accenture PLC CL AIreland
Prudential PLCUnited Kingdom
Apple Inc.United States
S+P Global Inc.United States
Intuit IncUnited States