Portfolios
The ELCIC Pension Plan has two investment funds. Please refer to the Statement of Investment Policies & Procedures page on our website for detailed investment portfolio construction.
The ELCIC Pension Plan has two investment funds. Please refer to the Statement of Investment Policies & Procedures page on our website for detailed investment portfolio construction.
The Fixed Income Fund investments are managed by Phillips Hagar & North (PH&N).
On December 31, 2023 the investments included the following:
Investment | $ |
Money market | 351,436 |
High Yield Mortgage | 3,409,465 |
Mortgage Pension Trust | 9,812,201 |
Core Plus Bond Fund | 25,113,493 |
Total Fixed Income Fund | 38,686,595 |
The Growth Fund Investments are managed by one Canadian equity managers, and two global equity managers.
On December 31, 2023 the holdings for each manager are as follows:
Investment |
$ |
PH&N Canadian Equity Value Fund |
18,766,516 |
RBC Global Equity Focus Fund |
13,738,276 |
Ballie Gifford Global Equity |
13,990,563 |
Total Growth Fund | 46,495,355 |
Holding | Country | Sector |
---|---|---|
Royal Bank of Canada | Canada | Financials |
Toronto-Dominion Bank | Canada | Financials |
Canadian Natural Resources Ltd | Canada | Energy |
Canadian Pacific Railway Ltd. | Canada | Industrials |
Enbridge Inc. | Canada | Energy |
Bank of Montreal | Canada | Financials |
Brookfield Asset Management Inc., Class A | Canada | Financials |
Canadian National Railway Company | Canada | Industrials |
Shopify Inc. | Canada | Information Technology |
Bank of Nova Scotia | Canada | Financials |
Holding | Country | Sector |
---|---|---|
Microsoft Corp. | United States | Information Technology |
United Health Group Incorporated | United States | Health Care |
Amazon | United States | Consumer Staples |
Alphabet Inc. Class A shares | United States | Telecommunication Services |
Fortive Corp | United States | Industrials |
AutoZone Inc | United States | Consumer Discretionary |
Visa Inc. Class A shares | United States | Financials |
T-Mobile US Inc | United States | Telecommunication Services |
EOG Resources Inc | United States | Energy |
NVIDIA Corp | United States | Information Technology |
Holding | Description of Business | Country |
---|---|---|
Microsoft Corp | software company | United States |
Martin Marietta Materials Inc | cement and aggregates manufacturer | United States |
Amazon.com | online retail and computing infrastructure company | United States |
Elevance Health Inc | healthcare insurer | United States |
Moody's Corporation | credit rating agency | United States |
Ryanair ADR | low-cost airline | Ireland |
CRH | diversified building materials company | Ireland |
Meta Platforms Inc | social networking website | United States |
Alphabet Inc. C | online search engine | United States |
Reliance Industries GDR | conglomerate in energy, textile, digital and financial services and more | India |