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 September 30, 2019 the investments included the following:

Investment               $
Money market    479,162
High Yield Mortgage  3,801,759
Mortgage Pension Trust 9,294,415
Core Plus Bond Fund 26,964,661
Total Fixed Income Fund 40,539,997

Top 10 Holdings in PH&N Core Plus Bond Fund

HoldingCountrySector
Canada Housing Trust No. 1 2.400% 15.Dec.22CanadaFederal
Government of Canada 1.500% 1.Sep.24CanadaFederal
Government of Canada 2.250% 1.Jun.29CanadaFederal
Province of Ontario 5.600% 2.Jun.35CanadaProvincial
Province of Ontario 2.900% 2.Jun.28CanadaProvincial
Province of Ontario 2.900% 2.Dec.46CanadaProvincial
Province of Quebec 3.100% 1.Dec.51CanadaProvincial
Province of Ontario 2.900% 2.Jun.49CanadaProvincial
Province of Ontario 4.650% 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 September 30 , 2019 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

20,136,996

RBC Global Equity Focus Fund

15,280,263

Ballie Gifford Global Equity

14,583,104

50,000,363

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
Suncor Energy Inc.CanadaEnergy
Canadian National Railway CompanyCanadaIndustrials
TC Energy Corp.CanadaEnergy
Bank of MontrealCanadaFinancials
Canadian Pacific Railway Ltd.CanadaIndustrials

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

HoldingCountrySector
Roche Holdings AG GenusscheineSwitzerlandHealth Care
Danaher CorpUnited StatesHealth Care
TJX Companies Inc.United StatesConsumer Discretionary
United Health Group IncorporatedUnited StatesHealth Care
Microsoft Corp.United StatesInformation Technology
Deutsche Post AGGermanyIndustrials
Unilever N.V.United KingdomConsumer Staples
American Water Works Co Inc.United StatesUtilities
Anheuser-Busch InBev S.A./N.V.BelgiumConsumer Staples
Fortive Corp.United StatesIndustrials

Top 10 stocks held in Ballie Gifford Global Equity

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