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, 2017 the investments included the following:

Investment               $
Money market       787,772.00
High Yield Mortgage    1,293,536.00
Mortgage Fund    7,262,349.00
RBC Vision Bonds  27,863,243.00
Total Fixed Income Fund  36,419,128.00

Top 10 Holdings in the RBC Vision Bond Fund

HoldingCountrySector
Government of Canada 0.750% 01.Sep.20CanadaFederal
Canada Housing Trust No. 1 1.250% 15.Jun.21CanadaFederal
Royal Bank of Canada 1.400% 26.Apr.19CanadaCorporate
Province of Ontario 5.600% 02.Jun.35CanadaProvincial
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
Province of Ontario 3.500% 02.Jun.24
CanadaProvincial
Province of Ontario 4.600% 02.Jun.39CanadaProvincial
Government of Canada 0.750% 01.Mar.21CanadaFederal
Province of Ontario 2.850% 02.Jun.23CanadaProvincial
National Grid Electricity Transmission 2.730% 20.Sep.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 June 30, 2017 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

11,273424

JF Special Equity Fund

801,590

MAM Canadian Large Cap Growth Pooled

12,143,472

24,218,486

Global Equities
 AllianzGI Global Sustainability Fund

26,855,010

Total Equities

51,073,496

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
Alimentation Couche-Tard IncCanadaConsumer Staples
Open Text CorporationCanadaTechnology
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
Canadian Pacific Railway Ltd.CanadaIndustrials
Brookfield Asset Manage-CL ACanadaFinancials
Canadian Imperial Bank of CommerceCanadaFinancials

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
Roche Holdings AGSwitzerland
Microsoft CorpUnited States
Daikin Industries LtdJapan
Apple IncUnited States