Objective ABC American-Value Fund seeks fundamentally attractive American, special situation and foreign U.S. stock exchange listed common shares. The objective of the Fund is to pursue long‐term capital appreciation and dividend income by investing in a diversified portfolio of all-capitalization American equity securities. Using the same research approach as our two Canadian ABC Funds, the American market due to its sheer size provides us with extensive investment opportunities. Portfolio Holdings – June 30, 2023 CASH1.4% Cash – CAD1.3% Cash – USD0.1% INDUSTRIAL PRODUCTS9.2% Canadian Pacific Kansas City Ltd.2.8% Carrier Global Corp. US0.4% Honeywell International Inc. US1.1% Linde PLC US1.7% Otis Worldwide Corp. US0.3% Raytheon Technologies Corp. US0.2% Roper Technologies Inc. US0.6% Trane Technologies PLC US0.7% Waste Connections Inc.0.3% Waste Management Inc. US1.1% CONSUMER DISCRETIONARY8.0% Amazon.com Inc. US5.2% McDonald’s Corp. US2.8% COMMUNICATIONS11.9% Activision Blizzard Inc. US2.0% Alphabet Inc., Class A US6.3% Meta Platforms Inc. US3.6% HEALTH CARE10.2% Boston Scientific Corp. US1.8% Danaher Corp. US2.6% Thermo Fisher Scientific Inc. US3.4% Zoetis Inc. US2.4% FINANCIAL SERVICES7.7% Bank of Montreal1.4% Brookfield Asset Management Ltd.0.4% Brookfield Corp.1.6% S&P Global Inc. US2.8% The Toronto-Dominion Bank1.5% TECHNOLOGY45.5% Adobe Systems Inc. US3.0% Advanced Micro Devices Inc. US1.4% Apple Inc. US8.9% ASML Holding ADR US3.0% Autodesk Inc. US2.2% Broadcom Inc. US5.2% Mastercard Inc., Class A US2.6% Microsoft Corp. US6.7% NVIDIA Corp. US6.8% ServiceNow Inc. US2.8% Visa Inc., Class A US2.9% UTILITY3.9% Algonquin Power & Utilities Corp.1.2% Brookfield Infrastructure Partners L.P.2.7% REAL ESTATE0.3% NorthWest Healthcare Properties REIT0.3% ENERGY1.9% Enbridge Inc.1.0% TC Energy Corp.0.9% Sector Breakdown Geographic Breakdown The ABC American-Value Fund has a minimum initial investment of $25,000.
