Objective ABC Fundamental-Value Fund searches for fundamentally attractive North American equities. The primary objective of the Fund is to seek long‐term capital appreciation by investing in a diversified portfolio of all-capitalization Canadian and American common stocks. Our focused fundamental research seeks North American equities with appealing valuations, increasing dividend income and growth potential. Portfolio Holdings – June 28, 2024 CASH–0.1% Cash – CAD-0.1% Cash – USD0.0% FINANCIAL SERVICES15.9% Bank of Montreal0.9% Brookfield Asset Management Ltd.0.5% Brookfield Corp.2.2% Canadian Imperial Bank of Commerce0.8% Mastercard Inc., Class A US2.4% National Bank of Canada1.6% Royal Bank of Canada1.9% S&P Global Inc. US1.7% The Toronto-Dominion Bank1.3% Visa Inc., Class A US2.6% REAL ESTATE1.9% First Capital REIT0.6% Granite REIT0.8% Minto Apartment REIT0.5% ENERGY2.7% Enbridge Inc.1.2% Pembina Pipeline Corp.0.7% TC Energy Corp.0.8% COMMUNICATIONS10.8% Alphabet Inc., Class A US6.0% Meta Platforms Inc. US4.8% CONSUMER DISCRETIONARY6.7% Amazon.com Inc. US6.7% INDUSTRIAL PRODUCTS8.4% Canadian National Railway1.5% Canadian Pacific Kansas City Ltd.2.2% Carrier Global Corp. US1.0% Honeywell International Inc. US0.8% Otis Worldwide Corp. US0.9% Waste Connections Inc.0.4% Waste Management Inc. US1.6% HEALTH CARE8.5% Becton, Dickinson and Co. US1.5% Boston Scientific Corp. US3.3% Danaher Corp. US0.9% Thermo Fisher Scientific Inc. US2.8% TECHNOLOGY44.4% Adobe Systems Inc. US1.1% Apple Inc. US7.9% ARM Holdings PLC ADR US1.1% ASML Holding ADR US5.3% Micron Technology Inc. US3.3% Microsoft Corp. US8.8% NVIDIA Corp. US12.4% ServiceNow Inc. US4.5% UTILITY0.8% Algonquin Power & Utilities Corp.0.8% Sector Breakdown Geographic Breakdown The ABC Fundamental-Value Fund has a minimum initial investment of $25,000.
