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 1.000% 1.Sep.26CanadaFederal
Government of Canada 0.500% 1.Nov.23CanadaFederal
Government of Canada 0.750% 1.Feb.24CanadaFederal
Government of Canada 1.500% 1.Jun.31CanadaFederal
Province of Ontario 2.150% 2.Jun.31CanadaProvincial
Province of Quebec 3.100% 1.Dec.51CanadaProvincial
Province of Ontario 1.350% 2.Dec.30CanadaProvincial
Province of Ontario 5.600% 2.Jun.35

CanadaProvincial
Province of Alberta 3.100% 1.Jun.50CanadaProvincial
Province of Ontario 1.900% 2.Dec.51CanadaProvincial

Fixed Income Fund

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

On March 31, 2022 the investments included the following:

Investment               $
Money market 759,677
High Yield Mortgage 3,794,928
Mortgage Pension Trust 9,020,567
Core Plus Bond Fund 26,675,031
Total Fixed Income Fund 40,250,203

Growth Fund

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

On March 31, 2022 the holdings for each manager are as follows:

Investment

$

PH&N Canadian Equity Value Fund

23,247,370

RBC Global Equity Focus Fund

14,428,014

Ballie Gifford Global Equity

14,186,223

51,861,607

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 Natural Resources LtdCanadaEnergy
Canadian Pacific Railway Ltd.CanadaIndustrials
Bank of MontrealCanadaFinancials
Suncor Energy Inc.CanadaEnergy

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

HoldingCountrySector
Microsoft Corp.United StatesInformation Technology
Alphabet Inc., Class AUnited StatesTelecommunication Services
United Health Group IncorporatedUnited StatesHealth Care
Roche Holdings AG GenusscheineSwitzerlandHealth Care
TJX Companies Inc.United StatesConsumer Discretionary
Danaher CorpUnited StatesHealth Care
Estee Lauder Companies Inc., Class AUnited StatesConsumer Staples
Ecolab Inc.United StatesMaterials
The Blackstone Group Inc.United StatesFinancials
SVB Financial GroupUnited StatesFinancials

Top 10 stocks held in Ballie Gifford Global Equity

HoldingCountry
Prosus NV Ordinary Shares - Class NNetherlands
Microsoft CorpUnited States
Anthem IncUnited States
Moody's CorporationUnited States
Martin Marietta Materials IncUnited States
Alphabet Inc. CUnited States
Taiwan Semiconductor ManufacturingTaiwan
Amazon.com IncUnited States
Sea Ltd ADRSingapore
Shopify Inc Canada