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 June 30, 2020 the investments included the following:

Investment               $
Money market  823,032
High Yield Mortgage  3,707,796
Mortgage Pension Trust 8,181,831
Core Plus Bond Fund 29,978,829
Total Fixed Income Fund 42,691,488

Top 10 Holdings in PH&N Core Plus Bond Fund

HoldingCountrySector
Province of Ontario 5.600% 2.Jun.35CanadaProvincial
Province of Alberta 3.100% 1.Jun.50CanadaProvincial
Province of Quebec 3.100% 1.Dec.51CanadaProvincial
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Province of Ontario 4.600% 2.Jun.39CanadaProvincial
Province of Ontario 2.050% 2.Jun.30
CanadaProvincial
Province of Ontario 2.700% 2.Jun.29CanadaProvincial
Province of Ontario 4.700% 2.Jun.37CanadaProvincial
Province of Alberta 2.050% 1.Jun.30CanadaProvincial
Government of Canada 0.500% 1.Dec.50CanadaFederal

Growth Fund

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

On June 30 , 2020 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

16,733,739

RBC Global Equity Focus Fund

15,078,645

Ballie Gifford Global Equity

16,039,950

47,852,334

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

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

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

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

Top 10 stocks held in Ballie Gifford Global Equity

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