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 – June 30, 2023

CASH0.8%
Cash – CAD0.8%
Cash – USD0.0%
FINANCIAL SERVICES12.6%
Bank of Montreal1.2%
Brookfield Asset Management Ltd.0.6%
Brookfield Corp.2.3%
Canadian Imperial Bank of Commerce0.8%
National Bank of Canada1.8%
Royal Bank of Canada2.1%
S&P Global Inc. US1.9%
The Toronto-Dominion Bank1.9%
REAL ESTATE3.7%
First Capital REIT0.7%
Granite REIT1.2%
Minto Apartment REIT1.8%
ENERGY3.2%
Enbridge Inc.1.5%
Pembina Pipeline Corp.0.7%
TC Energy Corp.1.0%
CONSUMER DISCRETIONARY5.6%
Amazon.com Inc. US5.6%
COMMUNICATIONS9.3%
Activision Blizzard Inc. US1.0%
Alphabet Inc., Class A US4.9%
Meta Platforms Inc. US3.4%
INDUSTRIAL PRODUCTS9.2%
Canadian National Railway1.9%
Canadian Pacific Kansas City Ltd.2.8%
Carrier Global Corp. US0.5%
Honeywell International Inc. US1.0%
Otis Worldwide Corp. US0.5%
Raytheon Technologies Corp. US0.5%
Waste Connections Inc.0.4%
Waste Management Inc. US1.6%
HEALTH CARE11.3%
Becton, Dickinson and Co. US2.0%
Boston Scientific Corp. US2.8%
Danaher Corp. US1.0%
Thermo Fisher Scientific Inc. US3.3%
Zoetis Inc. US2.2%
TECHNOLOGY43.0%
Adobe Systems Inc. US1.2%
Advanced Micro Devices Inc. US0.7%
Apple Inc. US9.5%
ASML Holding ADR US4.6%
Autodesk Inc. US2.2%
Mastercard Inc., Class A US2.7%
Microsoft Corp. US8.7%
NVIDIA Corp. US6.3%
ServiceNow Inc. US4.1%
Visa Inc., Class A US3.0%
UTILITY1.3%
Algonquin Power & Utilities Corp.1.3%

Sector Breakdown

Geographic Breakdown


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

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