Ivy Canadian Fund $24.81

IVY CANADIAN FUND $24.81 (CWA Rating: Conservative) invests in high-quality, large capitalization stocks. The $2.6 billion fund’s top holdings include Shoppers Drug Mart, Toronto-Dominion Bank, Manulife Financial, Canadian National Railway, Becton Dickinson & Co., Enbridge, McDonald’s Corp., Thomson Reuters, Imperial Oil and Nestle SA. Ivy Canadian’s breakdown by industry is: Consumer staples, 30.4%; Financials, 18.8%; Consumer discretionary, 13.5%; Energy, 10.9%; Industrials, 9.7%; Health care, 6.7%; and Information technology, 4.7%. Ivy Canadian made 5.7% annually over the last 10 years, compared to the S&P/TSX’s gain of 11.6%. It lost 3.1% over the last year. That’s compared to the S&P/TSX’s gain of 3.5%. However, the S&P/TSX index holds a high 40% or so of its holdings in Resources shares. That’s always one of the riskiest sectors. It has also been one of the best-performing over the last few years. The fund’s MER is 2.35%. It holds 5% of its assets in cash. Ivy Canadian Fund is a buy.