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, 2019 the investments included the following:

Investment               $
Money market    733,863
High Yield Mortgage  3,797,558
Mortgage Pension Trust 9,532,487
Core Plus Bond Fund 29,990,586
Total Fixed Income Fund 44,054,494

Top 10 Holdings in PH&N Core Plus Bond Fund

HoldingCountrySector
Canada Housing Trust No. 1 2.400% 15.Dec.22CanadaFederal
Government of Canada 2.250% 1.Mar.24CanadaFederal
Government of Canada 2.250% 1.Jun.29CanadaFederal
Province of Ontario 5.600% 2.Jun.35CanadaProvincial
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
Province of Ontario 2.900% 2.Jun.28CanadaProvincial
Province of Ontario 2.900% 2.June.49CanadaProvincial
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Province of Ontario 4.600% 2.Jun.39CanadaProvincial
Canada Housing Trust No. 1 2.350% 15.Jun.23CanadaFederal

Growth Fund

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

On June 30 , 2019 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

19,686,282

RBC Global Equity Focus Fund

15,354,584

Ballie Gifford Global Equity

14,769,845

49,810,711

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

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

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

HoldingCountrySector
Danaher CorpUnited StatesHealth Care
Roche Holdings AG GenusscheineSwitzerlandHealth Care
United Health Group IncorporatedUnited StatesHealth Care
Fortive Corp.United StatesIndustrials
Unilever N.V.United KingdomIndustrials
TJX Companies Inc.United StatesConsumer Discretionary
Microsoft Corp.United StatesInformation Technology
Deutsche Post AGGermanyIndustrials
EOG Resources Inc.United StatesEnergy
Gartner Inc.United StatesInformation Technology

Top 10 stocks held in Ballie Gifford Global Equity

HoldingCountry
Amazon.com IncUnited States
Naspers Ltd Class NSouth Africa
Prudential PLCUnited States
Taiwan Semiconductor Manufacturing ADRTaiwan
Royal Caribbean Cruises LtdUnited States
Alibaba Group Holdings Ltd ADRChinese
Anthem IncUnited States
SAP SEGermany
Moody's CorporationUnited States
Alphabet Inc. CUnited States