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 September 30, 2018 the investments included the following:

Investment               $
Money market    644,002
High Yield Mortgage  3,777,282
Mortgage Pension Trust 7,952,137
Core Plus Bond Fund 30,621,317
Total Fixed Income Fund 42,994,738

Top 10 Holdings in PH&N Core Plus Bond Fund

HoldingCountrySector
Canada Housing Trust No. 1 2.400% 15.Dec.22CanadaFederal
Province of Ontario 5.600% 2.June.35CanadaProvincial
Government of Canada 1.750% 1.May.20CanadaFederal
Government of Canada 1.750% 01.Mar.23
CanadaProvincial
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
Government of Canada 1.000% 01.June.27CanadaProvincial
Province of Ontario 2.900% 2.Dec.49CanadaProvincial
Province of Ontario 3.150% 2.June.22CanadaFederal
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Government of Canada 2.750% 1.Dec.48CanadaFederal

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 September 30, 2018 the holdings for each manager are as follows:

Investment

                                 $

Canadian Equities
JF Segregated equity holdings

11,374,774

JF Special Equity Fund

767,557

MAM Canadian Large Cap Growth Pooled

12,606,483

24,748,814

Global Equities
 AllianzGI Global Sustainability Fund

24,508,611

Total Equities

49,257,425

Top 10 stocks held by JF

HoldingCountrySector
Royal Bank of CanadaCanadaFinancials
Bank of Nova ScotiaCanadaFinancials
Enbridge Inc.CanadaPipelines
Canadian National Railway CompanyCanadaTransportation
Canadian Natural Resources LimitedCanadaEnergy
Nutrien Ltd.CanadaMaterials
Manulife Financial CorporationCanadaFinancials
Open Text CorporationCanadaTechnology
Alimentation Couche-Tard Inc BCanadaConsumer Staples
CGI GroupCanadaInformation Technology

Top 10 stocks held in Manulife Canadian Large Cap Growth Pooled Fund

HoldingCountrySector
Canadian Pacific Railway Ltd.CanadaIndustrials
Alimentation Couche-Tard Inc. CanadaConsumer Staples
Royal Bank of Canada CanadaFinancials
Air CanadaCanadaIndustrials
Shopify, Inc.CanadaInformation Technology
Canadian National Railway CompanyCanadaIndustrials
Intact Financial CorporationCanadaFinancials
Brookfield Asset Manage-CL ACanadaFinancials
Toronto-Dominion BankCanadaFinancials
Canadian Imperial Bank of CanadaCanadaFinancials

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
Microsoft CorpUnited States
VISA Inc Class A SharesUnited States
Amadeus IT GroupSpain
Apple Inc.United States
Royal Dutch Shell PLCUnited Kingdom
Intuit IncUnited States
Prudential PLCUnited Kingdom
Adobe Systems Inc.United States
S+P Global Inc.United States
Daikin IndustriesJapan