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 – March 28, 2024 CASH0.3% Cash – CAD0.2% Cash – USD0.1% FINANCIAL SERVICES17.4% Bank of Montreal1.1% Brookfield Asset Management Ltd.0.6% Brookfield Corp.2.4% Canadian Imperial Bank of Commerce0.8% Mastercard Inc., Class A US2.8% National Bank of Canada1.7% Royal Bank of Canada1.9% S&P Global Inc. US1.7% The Toronto-Dominion Bank1.5% Visa Inc., Class A US2.9% REAL ESTATE2.6% First Capital REIT0.6% Granite REIT1.0% Minto Apartment REIT1.0% ENERGY2.9% Enbridge Inc.1.3% Pembina Pipeline Corp.0.7% TC Energy Corp.0.9% COMMUNICATIONS10.1% Alphabet Inc., Class A US5.2% Meta Platforms Inc. US4.9% CONSUMER DISCRETIONARY6.5% Amazon.com Inc. US6.5% INDUSTRIAL PRODUCTS9.1% Canadian National Railway1.7% Canadian Pacific Kansas City Ltd.2.6% Carrier Global Corp. US0.9% Honeywell International Inc. US0.8% Otis Worldwide Corp. US1.0% Waste Connections Inc.0.4% Waste Management Inc. US1.7% HEALTH CARE8.6% Becton, Dickinson and Co. US1.6% Boston Scientific Corp. US3.0% Danaher Corp. US0.9% Thermo Fisher Scientific Inc. US3.1% TECHNOLOGY41.6% Adobe Systems Inc. US1.0% Advanced Micro Devices Inc. US0.9% Apple Inc. US6.7% ASML Holding ADR US5.3% Autodesk Inc. US2.4% Micron Technology Inc. US1.8% Microsoft Corp. US8.7% NVIDIA Corp. US10.3% ServiceNow Inc. US4.5% UTILITY0.9% Algonquin Power & Utilities Corp.0.9% Sector Breakdown Geographic Breakdown The ABC Fundamental-Value Fund has a minimum initial investment of $25,000.
