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.

Fixed Income Fund

The Fixed Income Fund investments are managed by Phillips Hagar & North (PH&N).

On March 31, 2020 the investments included the following:

Investment               $
Money market   365,674
High Yield Mortgage  3,702,352
Mortgage Pension Trust 8,024,839
Core Plus Bond Fund 28,653,634
Total Fixed Income Fund 40,746,499

Top 10 Holdings in PH&N Core Plus Bond Fund

HoldingCountrySector
Canada Housing Trust No. 1 2.900% 15.Jun.24CanadaFederal
Province of Ontario 5.600% 2.Jun.35CanadaProvincial
Province of Quebec 3.100% 1.Dec.51CanadaProvincial
Province of Ontario 4.700% 2.Jun.37CanadaProvincial
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Canada Housing Trust No. 1 1.800% 15.Dec.24CanadaFederal
Province of Ontario 2.700% 2.Jun.29CanadaProvincial
Province of Ontario 4.600% 2.Jun.39CanadaProvincial
Canada Housing Trust No. 1 2.350% 15.Dec.23CanadaFederal
Province of Ontario 2.400% 2.Jun.26CanadaProvincial

Growth Fund

The Growth Fund Investments are managed by one Canadian equity managers, and two global equity managers.

On March 31 , 2020 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

15,253,445

RBC Global Equity Focus Fund

12,681,654

Ballie Gifford Global Equity

12,950,662

40,885,761

Top 10 stocks held in the PH&N Canadian Equity Value Fund

HoldingCountrySector
Royal Bank of CanadaCanadaFinancials
Toronto-Dominion BankCanadaFinancials
Bank of Nova ScotiaCanadaFinancials
Enbridge Inc.CanadaPipelines
Brookfield Asset Management Inc., Class ACanadaFinancials
TC Energy Corp.CanadaEnergy
Canadian National Railway CompanyCanadaIndustrials
Barrick Gold Corp.CanadaMaterials
BCE Inc.CanadaTelecommunication Services
Canadian Pacific Railway Ltd.CanadaIndustrials

Top 10 stocks held in the PH&N RBC Global Equity Fund

HoldingCountrySector
Roche Holdings AG GenusscheineSwitzerlandHealth Care
Microsoft Corp.United StatesInformation Technology
Danaher CorpUnited StatesHealth Care
United Health Group IncorporatedUnited StatesHealth Care
American Water Works Co. Inc.United StatesUtilities
TJX Companies Inc.United StatesConsumer Discretionary
Alphabet Inc., Class AUnited StatesTelecommunication Services
Amazon.con, Inc.United StatesConsumer Discretionary
Deutsche Post AGGermanyIndustrials
First Republic BankFranceFinancials

Top 10 stocks held in Ballie Gifford Global Equity

HoldingCountry
Amazon.com IncUnited States
Alibaba Group Holdings Ltd ADRChinese
Naspers Ltd Class NSouth Africa
Moody's CorporationUnited States
Alphabet Inc. CUnited States
Microsoft CorpUnited States
Mastercard Inc AUnited States
Prudential PLCUnited States
AIA Group LtdHong Kong
Anthem IncUnited States