ABC Fundamental-Value Fund

ABC Fundamental-Value Fund

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 – September 30, 2022

CASH0.0%
Cash – CAD-0.8%
Cash – USD0.8%
FINANCIAL SERVICES14.7%
Bank of Montreal1.4%
Brookfield Asset Management Inc.3.6%
Canadian Imperial Bank of Commerce1.1%
National Bank of Canada2.0%
Royal Bank of Canada2.5%
S&P Global Inc. US1.8%
The Toronto-Dominion Bank2.3%
REAL ESTATE4.0%
First Capital REIT0.9%
Granite REIT1.2%
Minto Apartment REIT1.9%
ENERGY4.1%
Enbridge Inc.1.9%
Pembina Pipeline Corp.0.9%
TC Energy Corp.1.3%
CONSUMER DISCRETIONARY10.3%
Amazon.com Inc. US6.2%
The Home Depot Inc. US4.1%
COMMUNICATIONS10.0%
Activision Blizzard Inc. US1.1%
Alphabet Inc., Class A US5.0%
Electronic Arts Inc. US1.9%
Meta Platforms Inc. US2.0%
INDUSTRIAL PRODUCTS8.5%
Canadian National Railway2.2%
Carrier Global Corp. US0.5%
Honeywell International Inc. US1.1%
Otis Worldwide Corp. US0.4%
Raytheon Technologies Corp. US0.8%
Waste Connections Inc.1.0%
Waste Management Inc. US2.5%
HEALTH CARE12.7%
Becton, Dickinson and Co. US2.2%
Boston Scientific Corp. US2.6%
Danaher Corp. US1.3%
Embecta Corp. US0.1%
Thermo Fisher Scientific Inc. US4.1%
Zoetis Inc. US2.4%
TECHNOLOGY33.5%
Adobe Systems Inc. US0.8%
Advanced Micro Devices Inc. US0.5%
Apple Inc. US9.1%
Autodesk Inc. US2.6%
Mastercard Inc., Class A US2.5%
Microsoft Corp. US7.8%
NVIDIA Corp. US5.0%
Salesforce Inc. US2.3%
Visa Inc., Class A US2.9%
UTILITY2.2%
Algonquin Power & Utilities Corp.2.2%

Sector Breakdown

Chart by Visualizer

Geographic Breakdown

Chart by Visualizer

The ABC Fundamental-Value Fund has a minimum initial investment of $25,000.

© 2022 I.A. Michael Investment Counsel Ltd. All right reserved. Design by New Design Group.

ABC founds logo

Wrong email!