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 March 31, 2017 the investments included the following:

      Investment

$

PH&N CDN Money Market

638,970

PH&N Community Values Bond Pooled

28,605,838

PH&N Mortgage Pension Trust

7,614,074

Total Fixed Income

36,858,882

Top 10 Holdings in the PHN Community Values Bond Fund

HoldingCountrySector
Government of Canada 0.500% 01.Mar.22CanadaFederal
Province of Ontario 7.600% 02.Jun.27CanadaProvincial
Royal Bank of Canada 1.400% 26.Apr.19CanadaCorporate
Government of Canada 0.750% 01.Sep.20CanadaFederal
Province of Ontario 3.500% 02.Jun.43CanadaProvincial
Province of Ontario 2.850% 02.Jun.23CanadaProvincial
Province of Ontario 4.600% 02.Jun.39CanadaProvincial
Province of Ontario 8.10% 8.Sep.23CanadaProvincial
Canada Housing Trust No. 1 1.150% 15.Dec.21CanadaFederal
National Grid Electricity Transmission 2.730% 20Sep.17CanadaCorporate

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 March 31, 2017 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

12,655,463

JF Special Equity Fund

1,067,480

MAM Canadian Large Cap Growth Pooled

13,349,312

27,072,255

Global Equities
 AllianzGI Global Sustainability Fund

26,269,055

Total Equities

53,341,310

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
Open Text CorporationCanadaTechnology
Alimentation Couche-Tard IncCanadaConsumer Staples
Canadian Tire Corporation Limited - ACanadaConsumer Discretionary
Gildan Activewear Inc.CanadaConsumer Discretionary

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

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

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
Visa IncUnited States
Unilever PLCUnited Kingdom
PrudentialUnited Kingdom
Alphabet Inc Cl AUnited States
American Express CoUnited States
Johnson & JohnsonUnited States
Apple IncUnited States
Daikin Industries LtdJapan
Citigroup Inc.United States
Microsoft CorpUnited States