Assets in the Pension Fund 2010:
The Plan’s long-term asset mix is set as a result of the evaluation of the Plan's liability structure (the payment schedule of pension benefits over time) and the funding of the Plan (expected contributions plus investment returns). The final asset mix is the "best" trade-off of risk and return that comes from evalutaing the many possible outcomes and risks associated with investments. Consequently, the Plan's investments are diversified across asset class, region and currency in stocks, bonds and real estate. Professional staff and investment managers manage these investments and regularly report on their activities to the Plan's Investment Committee.
The Plan's equity portfolio is further diversified according to investment style using managers who follow value, growth and core investment styles. Overall, the Plan's equity portfolio is managed with a value bias. The value style of investing tends to provide the portfolio with better protection when markets are not performing well while producing attractive returns over the longer-term.
The Plan's asset mix as at year-end 2010 was as follows:
TOP TEN HOLDINGS as at December 31, 2010
| Security Issuer | Type of Security | Holding as a % of Total Assets | |
| 1 | Concert Real Estate Corporation | Real Estate | 2.1% |
| 2 | Toronto Dominion Bank | Canadian Bank Stock | 1.6% |
| 3 | Royal Bank of Canada | Canadian Bank Stock | 1.4% |
| 4 | Canadian Government | Canadian Government Bond - 4% Coupon (Maturity June 1, 2041) | 1.0% |
| 5 | Suncor Energy Corporation | Canadian Energy Company Stock | 1.0% |
| 6 | Ontario Government | Provincial Government Bond - 7.6% Coupon (Maturity June 2, 2027) | 1.0% |
| 7 | Bank of Nova Scotia | Canadian Bank Stock | 1.0% |
| 8 | Canadian Government | Canadian Government Bond - 5% Coupon (Maturity June 1, 2037) | 0.8% |
| 9 | Canadian Imperial Bank of Commerce | Canadian Bank Stock | 0.8% |
| 10 | Canadian National Resources Corporation | Canadian Energy Company Stock | 0.8% |