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, 2018 the investments included the following:

Investment               $
Money market      315,342
High Yield Mortgage  3,660,397
Mortgage Fund 7,630,569
RBC Vision Bonds 27,061,982
Total Fixed Income Fund 38,668,290

Top 10 Holdings in the RBC Vision Bond Fund

HoldingCountrySector
Government of Canada 0.750% 01.Sep.20CanadaFederal
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
Province of Ontario 3.500% 02.Jun.24
CanadaProvincial
Government of Canada 1.000% 01.Jun.27CanadaFederal
Province of Ontario 3.500% 02.Jun.43CanadaProvincial
Government of Canada 0.500% 01.Mar.22CanadaFederal
Province of Ontario 4.600% 02.Jun.39CanadaProvincial
Government of Canada 1.500% 01.Mar.20CanadaFederal
Government of Canada 2.750% 01.Dec.48CanadaFederal
Royal Bank of Canada 1.400% 26.Apr.19
CanadaCorporate

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, 2017 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

11,806,196

JF Special Equity Fund

861,802

MAM Canadian Large Cap Growth Pooled

13,281,842

25,949,840

Global Equities
 AllianzGI Global Sustainability Fund

25,805,827

Total Equities

51,755,667

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
Brookfield Asset Manage-CL ACanadaFinancials
Canadian Pacific Railway Ltd.CanadaIndustrials

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
Visa IncUnited States
Alphabet Inc Cl AUnited States
PrudentialUnited Kingdom
Microsoft CorpUnited States
Amadeus IT Group Spain
American Express CoUnited States
Citigroup Inc.United States
Estee Lauder Companies CL AUnited States
Accenture PLC CL AIreland
Daikin Industries LtdJapan