IVY CANADIAN FUND $26.71 (CWA Rating: Conservative) invests in high-quality, large capitalization stocks.
The $3.0 billion fund’s top holdings include Shoppers Drug Mart, TD Bank, Manulife Financial, Canadian National Railway, Becton Dickinson & Co., Enbridge, McDonald’s Corp., Thomson Corporation, Diageo plc and Walgreen Co.
Ivy Canadian’s breakdown by industry is: Consumer staples, 29.3%; Financials, 17.5%; Consumer discretionary, 15.2%; Industrials, 11.7%; Health care, 6.6%; Energy, 5.6%; Information technology, 4.0%; and Utilities, 4.0%.
Ivy Canadian made 4.3% annually over the last 10 years, compared to the S&P/TSX’s gain of 8.7%. It lost 9.9% over the last year. That’s compared to the S&P/TSX’s gain of 6.8%. 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 2.36%. It holds 6% of its assets in cash.
Ivy Canadian Fund is a buy.
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