IVY CANADIAN FUND $30 (CWA Rating: Conservative) invests in high-quality, largecapitalization stocks.
The $3.7 billion fund’s top holdings include Shoppers Drug Mart, Imperial Oil, Manulife Financial, Canadian National Railway, Reckitt Benckiser plc, McDonald’s Corp., Thomson Corporation, Diageo plc and PepsiCo.
Ivy Canadian’s breakdown by industry is: Consumer staples, 22.3%; Financials, 13.9%; Consumer discretionary, 13.7%; Industrials, 12.4%; and Energy, 8.3%.
Ivy Canadian made 6.1% annually over the last 10 years, compared to the S&P/TSX’s gain of 9.5%. It made 3.8% over the last year. That’s under the S&P/TSX’s gain of 16.0%. However, the S&P/TSX index held a high 40% or so of its holdings in Resources shares. That’s been one of the best performing, although riskiest, sectors.
The fund’s MER is 2.40%. It holds 10% of its assets in cash.
Ivy Canadian Fund is a buy.
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