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 – December 30, 2022 CASH0.0% Cash – CAD-0.1% Cash – USD0.1% FINANCIAL SERVICES14.7% Bank of Montreal1.4% Brookfield Asset Management Ltd.0.6% Brookfield Corp.2.7% Canadian Imperial Bank of Commerce1.0% National Bank of Canada2.1% Royal Bank of Canada2.6% S&P Global Inc. US1.9% The Toronto-Dominion Bank2.4% REAL ESTATE4.4% First Capital REIT1.0% Granite REIT1.3% Minto Apartment REIT2.1% ENERGY4.3% Enbridge Inc.2.0% Pembina Pipeline Corp.1.0% TC Energy Corp.1.3% CONSUMER DISCRETIONARY9.2% Amazon.com Inc. US4.6% The Home Depot Inc. US4.6% COMMUNICATIONS9.4% Activision Blizzard Inc. US1.2% Alphabet Inc., Class A US4.5% Electronic Arts Inc. US1.9% Meta Platforms Inc. US1.8% INDUSTRIAL PRODUCTS8.6% Canadian National Railway2.4% Carrier Global Corp. US0.5% Honeywell International Inc. US1.4% Otis Worldwide Corp. US0.5% Raytheon Technologies Corp. US0.7% Waste Connections Inc.0.7% Waste Management Inc. US2.4% HEALTH CARE13.6% Becton, Dickinson and Co. US2.4% Boston Scientific Corp. US3.1% Danaher Corp. US1.4% Embecta Corp. US0.0% Thermo Fisher Scientific Inc. US4.4% Zoetis Inc. US2.3% TECHNOLOGY34.5% Adobe Systems Inc. US1.0% Advanced Micro Devices Inc. US0.5% Apple Inc. US8.3% Autodesk Inc. US2.6% Mastercard Inc., Class A US3.0% Microsoft Corp. US7.8% NVIDIA Corp. US5.9% Salesforce Inc. US2.1% Visa Inc., Class A US3.3% UTILITY1.3% Algonquin Power & Utilities Corp.1.3% Sector Breakdown Chart by Visualizer Geographic Breakdown Chart by Visualizer The ABC Fundamental-Value Fund has a minimum initial investment of $25,000.
