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 September 30, 2017 the investments included the following:

Investment               $
Money market       857,916
High Yield Mortgage  1,598,082
Mortgage Fund  7,411,129
RBC Vision Bonds 27,691,903
Total Fixed Income Fund  37,559,030

Top 10 Holdings in the RBC Vision Bond Fund

HoldingCountrySector
Government of Canada 0.750% 01.Sep.20CanadaFederal
Canada Housing Trust No. 1 10750% 15.Jun.22CanadaFederal
Province of Ontario 3.500% 02.Jun.24
CanadaProvincial
Royal Bank of Canada 1.400% 26.Apr.19CanadaCorporate
Province of Ontario 6.200% 02.Jun.31CanadaProvincial
Government of Canada 0.500% 01.Mar.22CanadaFederal
Government of Canada 3.250% 01.Jun.21CanadaFederal
Province of Ontario 4.600% 02.Jun.39CanadaProvincial
Government of Canada 0.750% 01.Mar.21CanadaFederal
Government of Canada 1.500% 01.Jun.26CanadaCorporate

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 September 30, 2017 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

11,576,153

JF Special Equity Fund

825,822

MAM Canadian Large Cap Growth Pooled

12,713,126

25,115,101

Global Equities
 AllianzGI Global Sustainability Fund

24,561,294

Total Equities

49,676,395

Top 10 stocks held by JF

HoldingCountrySector
The Toronto Dominion BankCanadaFinancials
Royal Bank of CanadaCanadaFinancials
Bank of Nova ScotiaCanadaFinancials
Enbridge Inc.CanadaPipelines
Canadian National Railway CompanyCanadaTransportation
Canadian Natural Resources LimitedCanadaEnergy
Manulife Financial CorporationCanadaFinancials
Potash Corporation of Sask IncCanadaMaterials
Open Text CorporationCanadaTechnology
Alimentation Couche-Tard Inc BCanadaConsumer Staples

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

HoldingCountrySector
The Toronto Dominion BankCanadaFinancials
Royal Bank of CanadaCanadaFinancials
Bank of Nova ScotiaCanadaFinancials
Canadian Natural ResourcesCanadaEnergy
Suncor Energy Inc.CanadaEnergy
Canadian National Railway CompanyCanadaIndustrials
Enbridge IncCanadaEnergy
Canadian Imperial Bank of CommerceCanadaFinancials
Canadian Pacific Railway Ltd.CanadaIndustrials
Brookfield Asset Manage-CL ACanadaFinancials

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
Visa IncUnited States
Alphabet Inc Cl AUnited States
PrudentialUnited Kingdom
American Express CoUnited States
Citigroup Inc.United States
Amadeus IT Group Spain
Microsoft CorpUnited States
Apple IncUnited States
Roche Holdings AGSwitzerland
Atlas CopcoSweden