IVY CANADIAN FUND $30.79 (CWA Rating: Conservative) invests in high-quality, large capitalization stocks.
The $4.4 billion fund’s top holdings include Shoppers Drug Mart, United Parcel Service, Manulife Financial, Danaher Corporation, Reckitt Benckister plc, Bank of Nova Scotia, Bank of Montreal, Thomson Corporation, Diageo plc and PepsiCo.
Ivy Canadian’s breakdown by industry is: Consumer staples, 26.5%; Financials, 17.8%; Industrials, 14.8%; Consumer discretionary, 9.6%; Energy, 3.1%; Utilities, 3.1%; Information technology, 1.4%; and Health care, 1.1%.
Ivy Canadian made 7.4% annually over the last 10 years, compared to the S&P/TSX’s gain of 9.8%. It made 10.2% over the last year. The fund’s MER is 2.40%. It holds a high cash level of 15%.
Ivy Canadian Fund is a buy.
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