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 0.250% 1.Mar.26CanadaFederal
Province of Ontario 1.350% 2.Dec.30CanadaProvincial
Province of Ontario 5.600% 2.Jun.35CanadaProvincial
Province of Quebec 3.100% 1.Dec.51CanadaProvincial
Province of Alberta 3.100% 1.Jun.50CanadaProvincial
Government of Canada 0.500% 1.Sep.25CanadaFederal
Province of Ontario 4.600% 2.Jun.39CanadaProvincial
Province of Ontario 2.650% 2.Dec.50CanadaProvincial
Province of Ontario 2.700% 2.Jun.29CanadaProvincial
Province of Ontario 2.900% 2.Dec.46
CanadaProvincial

Fixed Income Fund

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

On March 31, 2021 the investments included the following:

Investment               $
Money market  153,424
High Yield Mortgage  3,801,759
Mortgage Pension Trust 8,268,387
Core Plus Bond Fund 29,283,065
Total Fixed Income Fund 41,505,635

Growth Fund

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

On March 31, 2021 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

23,920,539

RBC Global Equity Focus Fund

17,702,986

Ballie Gifford Global Equity

16,067,331

57,690,856

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

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

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

HoldingCountrySector
Microsoft Corp.United StatesInformation Technology
Alphabet Inc., Class AUnited StatesTelecommunication Services
Roche Holdings AG GenusscheineSwitzerlandHealth Care
First Republic BankUnited StatesFinancials
United Health Group IncorporatedUnited StatesHealth Care
SVB Financial GroupUnited StatesFinancials
Ecolab Inc.United StatesMaterials
Deutsche Post AGGermanyIndustrials
Fortive Corp.United StatesIndustrials
TJX Companies Inc.United StatesConsumer Discretionary

Top 10 stocks held in Ballie Gifford Global Equity

HoldingCountry
Naspers Ltd Class NSouth Africa
Amazon.com IncUnited States
Moody's CorporationUnited States
Prudential PLCUnited States
Microsoft CorpUnited States
Taiwan Semiconductor ManufacturingTaiwan
Ryanair Holdings PLC ADRIreland
Mastercard Inc AUnited States
Anthem IncUnited States
Alphabet Inc. CUnited States