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 – 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.

© 2023 I.A. Michael Investment Counsel Ltd. All right reserved. Design by New Design Group.

ABC founds logo

Wrong email!