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.
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.
The Fixed Income Fund investments are managed by Phillips Hagar & North (PH&N).
On September 30, 2023 the investments included the following:
Investment | $ |
Money market | 625,340 |
High Yield Mortgage | 3,394,956 |
Mortgage Pension Trust | 9,390,944 |
Core Plus Bond Fund | 24,633,404 |
Total Fixed Income Fund | 38,044,644 |
The Growth Fund Investments are managed by one Canadian equity managers, and two global equity managers.
On September 30, 2023 the holdings for each manager are as follows:
Investment |
$ |
PH&N Canadian Equity Value Fund |
17,383,931 |
RBC Global Equity Focus Fund |
12,752,719 |
Ballie Gifford Global Equity |
12,567,736 |
42,704,386 |
Holding | Country | Sector |
---|---|---|
Royal Bank of Canada | Canada | Financials |
Toronto-Dominion Bank | Canada | Financials |
Canadian Natural Resources Ltd | Canada | Energy |
Canadian Pacific Railway Ltd. | Canada | Industrials |
Enbridge Inc. | Canada | Energy |
Canadian National Railway Company | Canada | Industrials |
Shopify Inc. | Canada | Information Technology |
Brookfield Asset Management Inc., Class A | Canada | Financials |
Bank of Montreal | Canada | Financials |
Bank of Nova Scotia | Canada | Financials |
Holding | Country | Sector |
---|---|---|
Microsoft Corp. | United States | Information Technology |
United Health Group Incorporated | United States | Health Care |
Amazon | United States | Consumer Staples |
Anheuser-Busch InBev SA/NV | United States | Consumer Staples |
PepsiCo. Inc | United States | Consumer Staples |
Alphabet Inc. Class A shares | United States | Telecommunication Services |
AutoZone Inc | United States | Consumer Discretionary |
Visa Inc. Class A shares | United States | Financials |
T-Mobile US Inc | United States | Telecommunication Services |
Taiwan Semiconductor Manufacturing Co. Ltd | Taiwan | Information Technology |
Holding | Description of Business | Country |
---|---|---|
Microsoft Corp | software company | United States |
Martin Marietta Materials Inc | cement and aggregates manufacturer | United States |
Elevance Health Inc | healthcare insurer | United States |
Amazon.com | online retail and computing infrastructure company | United States |
Moody's Corporation | credit rating agency | United States |
Prosus NV Ordinary Shares - Class N | portfolio of online consumer companies including Tencent | Netherlands |
CRH | diversified building materials company | Ireland |
Alphabet Inc. C | online search engine | United States |
Meta Platforms Inc | social networking website | United States |
Reliance Industries Ltd GDR | Indian petrochemical company | India |