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
Canada Housing Trust No. 1 2.400% 15.Dec.22CanadaFederal
Government of Canada 2.750% 1.Dec.48CanadaFederal
Government of Canada 1.750% 01.Mar.23
CanadaProvincial
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
Government of Canada 0.500% 01.Mar.22CanadaProvincial
Government of Canada 1.750% 01.May.20CanadaFederal
United States Treasury 2.750% 15.Feb.28CanadaProvincial
Canada Housing Trust No. 1 1.500% 15.Dec.21CanadaFederal
Canada Housing Trust No. 1 3.350% 15.Dec.20CanadaFederal
Canada Housing Trust No. 1 1.250% 15.Dec.20
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 March 31, 2018 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

11,254,589

JF Special Equity Fund

910,087

MAM Canadian Large Cap Growth Pooled

11,850,533

24,015,209

Global Equities
 AllianzGI Global Sustainability Fund

26,495,676

Total Equities

50,510,885

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
Nutrien Ltd.CanadaMaterials
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
Suncor Energy Inc. CanadaEnergy
Canadian National Railway CompanyCanadaIndustrials
Canadian National Resources Ltd.CanadaEnergy
Canadian Imperial Bank of CommerceCanadaFinancials
Alimentation Couche-Tard Inc. CanadaConsumer Staples
Brookfield Asset Manage-CL ACanadaFinancials
Canadian Pacific Railway Ltd.CanadaIndustrials

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
Visa Inc.United States
Alphabet Inc. Cl AUnited States
Microsoft CorpUnited States
Amadeus IT GroupSpain
PrudentialUnited Kingdom
Accenture PLC CL AIreland
Keyence Corp.United States
Agilent Technologies Inc.United States
S+P Global Inc.United States
Apple Inc.United States