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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.

Top 10 Holdings in PH&N Core Plus Bond Fund

HoldingCountrySector
Government of Canada 2.750% 1.Aug.24CanadaFederal
Government of Canada 1.250% 1.Mar.27CanadaFederal
Government of Canada 2.000% 1.Jun.32CanadaFederal
Canada Housing Trust No. 1 1.550% 15.Dec.26CanadaFederal
Province of Ontario 1.350% 2.Dec.30CanadaProvincial
Government of Canada 1.500% 1.Jun.31CanadaFederal
Province of Ontario 5.600% 2.Jun.35CanadaProvincial
Province of Ontario 3.750% 2.Jun.32
CanadaProvincial
Province of Quebec 3.100% 1.Dec.51CanadaProvincial
Province of Ontario 2.150% 2.Jun.31CanadaProvincial

Fixed Income Fund

The Fixed Income Fund investments are managed by Phillips Hagar & North (PH&N).

On September 30, 2022 the investments included the following:

Investment               $
Money market 629,690
High Yield Mortgage 3,425,068
Mortgage Pension Trust 8,784,039
Core Plus Bond Fund 25,944,698
Total Fixed Income Fund 38,783,495

Growth Fund

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

On September 30, 2022 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

17,574,982

RBC Global Equity Focus Fund

12,560,604

Ballie Gifford Global Equity

11,941,776

42,077,362

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

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

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

HoldingCountrySector
United Health Group IncorporatedUnited StatesHealth Care
Alphabet Inc., Class AUnited StatesTelecommunication Services
Microsoft Corp.United StatesInformation Technology
Roche Holdings AG GenusscheineSwitzerlandHealth Care
PepsiCo. IncUnited StatesConsumer Staples
T-Mobile US IncUnited StatesTelecommunication Services
Anheuser-Busch InBev S.A./N.V.BelgiumConsumer Staples
Amazon.com IncUnited StatesConsumer Discretionary
Fortive CorpUnited StatesIndustrials
AutoZone IncUnited StatesConsumer Discretionary

Top 10 stocks held in Ballie Gifford Global Equity

HoldingCountry
Elevance Health IncUnited States
Microsoft CorpUnited States
Martin Marietta Materials IncUnited States
Prosus NV Ordinary Shares - Class NNetherlands
Reliance Industries Ltd ADRIndia
Alphabet Inc. CUnited States
Arthur J. Gallagher & Co.United States
Moody's CorporationUnited States
Service Corp InternationalUnited States
Pernod RicardFrance