Individual Results

The return indicated on each member statement is a combination of the funds, based on that member’s balance in each, and the respective monthly earnings, less approximately 0.8% to 0.9% for plan expenses. Remember that assets in individual member accounts are allocated between these two funds based on the member’s age, so everyone will experience a slightly different combined return based on the allocation.

Investment Results

The investment returns posted here have been calculated and provided by Mercer. The returns reflect the investment results before netting against management, custodial and administrative fees.

2019 Performance Results

The following tables shows investment results from January 1 to September 30, 2019

ELCIC Pension Plan

January 1 - September 30, 2019
ELCIC Pension Plan Return
Index Benchmark Returns
Excess Return
All Funds Combined
11.01%
12.03%
-1.2%

Fixed Income Fund

2019
January to June
ELCIC Portfolio Return
Index Benchmark Return
Fund Objective
CPI + 1%
Excess Return
PH&N Core Plus Bond Fund
7.77%
7.79%
-0.2%
Mortgage Pension Trust Fund
3.31%
2.95%
0.36%
High Yield Mortgage
4.56%
2.95%
1.61%
Total Fixed Income Fund
6.51%
2.86%
3.65%

Growth Fund

2019
January to June
ELCIC Portfolio Return
Index Benchmark Return
Fund Objective
CPI + 5%
Excess Return
PH&N Canadian Equity
17.06%
19.11%
-2.05%
RBC Global Equity Focus
16.26%
14.53%
1.73%
Baillie Gifford Equity
13.24%
14.53%
-1.29%
Total Growth Fund
15.71%
5.9%
9.81%

Four-Year Returns

The following tables show the rolling four-year results ending December 31, 2018

Fixed Income Fund

Fixed Income Fund Investments
Four Year Rolling ELCIC Portfolio Return
Four Year Rolling Index Returns
Four Year Fund Objective
CPI + 1%
Excess Return
PH&N Core Plus Bonds
3.36%
2.27%
1.09%
Mortgage Pension Trust
3.09%
1.40%
1.69%
High Yield Mortgage Fund
n/a
n/a
n/a
Total Fixed Income Fund
2.86%
2.76%
0.10%

Growth Fund

Growth Fund Investments
Four Year Rolling ELCIC Potfolio Return
Four Year Rolling Index Return
Four Year Fund Objective
CPI + 5%
Excess Return
PH&N Canadian Equity Value
3.82%
2.49%
1.33%
RBC Global Focus
13.05%
9.47%
3.58%
Allianz Global Equity Sustainability
10.38%
9.47%
0.91%
Total Growth Fund
6.56%
6.82%
-0.26%

Note that the P&HN Canadian Equity Value and the RBC Global Focus hold ELCIC Pension Plan assets as of December 1, 2018. The results shown are the historical results for those funds, but not the ELCIC Pension Plan. The total Growth Fund result indicates the actual results for the ELCIC Pension Plan.

Notes

Benchmark

The benchmark is based on a model portfolio intended to achieve the investment objective with the appropriate risk and is used to measure the performance of the investment managaers.

Pooled Survey Median

This survey tabulates the results of all eligible investment managers.

ELCIC Pension Plan

Plan Investment Returns (before netting for expenses)