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, 2019 the investments included the following:

Investment               $
Money market    526,708
High Yield Mortgage  3,792,553
Mortgage Pension Trust 9,039,272
Core Plus Bond Fund 29,214,256
Total Fixed Income Fund 42,572,788

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.Jun.35CanadaProvincial
Province of Ontario 2.900% 2.June.49CanadaProvincial
Canada Housing Trust No. 1 1.750% 15.Jun.22CanadaFederal
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Government of Canada 2.750% 1.Dec.48CanadaFederal
Province of Ontario 2.900% 2.Jun.28CanadaProvincial
Province of Ontario 2.600% 2.Jun.27CanadaProvincial
Province of Ontario 2.400% 2.Jun.26CanadaProvincial
Province of Ontario 3.150% 2.Jun.22CanadaProvincial

Growth Fund

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

On March 31 , 2019 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

19,349,677

RBC Global Equity Focus Fund

14,944,432

AllianzGI Global Sustainability Fund

14,657,136

48,951,245

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
Suncor Energy Inc.CanadaEnergy
Brookfield Asset Management Inc., Class ACanadaFinancials
Canadian National Railway CompanyCanadaIndustrials
Canadian Natural Resources Ltd.CanadaEnergy
TransCanada Corp.CanadaEnergy
Canadian Pacific Railway Ltd.CanadaIndustrials

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
Unilever N.V.United KingdomIndustrials
Fortive Corp.United StatesIndustrials
TJX Companies Inc.United StatesConsumer Discretionary
Deutsche Post AGGermanyIndustrials
EOG Resources Inc.United StatesEnergy
Estee Lauder Companies Inc., Class AUnited StatesConsumer Staples
Microsoft Corp.United StatesInformation Technology

Top 10 stocks held in AllianzGI Global Sustainability Fund

HoldingCountry
VISA Inc Class A SharesUnited States
Microsoft CorpUnited States
Intuit IncUnited States
Agilent Technologies Inc. (A)United States
S+P Global Inc.United States
Amadeus IT GroupSpain
Apple IncUnited States
Royal Dutch Shell PLCUnited Kingdom
Starbucks CorpUnited States
Adobe IncUnited States