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

Fixed Income Fund

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

On June, 2021 the investments included the following:

Investment               $
Money market 998,630
High Yield Mortgage  3,805,815
Mortgage Pension Trust 8,345,672
Core Plus Bond Fund 31,264,344
Total Fixed Income Fund 44,414,461

Growth Fund

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

On June 30, 2021 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

24,355,509

RBC Global Equity Focus Fund

18,578,924

Ballie Gifford Global Equity

17,017,294

59,951,727

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
Enbridge Inc.CanadaEnergy
Canadian National Railway CompanyCanadaIndustrials
Bank of MontrealCanadaFinancials
Canadian Pacific Railway Ltd.CanadaIndustrials
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
Deutsche Post AGGermanyIndustrials
United Health Group IncorporatedUnited StatesHealth Care
First Republic BankUnited StatesFinancials
Amazon.com, IncUnited StatesConsumer Discretionary
The Blackstone Group Inc.United StatesFinancials
SVB Financial GroupUnited StatesFinancials
Danaher CorpUnited StatesHealth Care

Top 10 stocks held in Ballie Gifford Global Equity

HoldingCountry
Naspers Ltd Class NSouth Africa
Moody's CorporationUnited States
Shopify Inc. ACanada
Microsoft CorpUnited States
Alphabet Inc. CUnited States
Sea Ltd ADRSingapore
Amazon.com IncUnited States
Taiwan Semiconductor ManufacturingTaiwan
Anthem IncUnited States
Mastercard Inc AUnited States