Buy for top stock holdings

Article Excerpt

HARBOUR FUND $19.67 (CWA Rating: Conservative) (C.I. Mutual Funds, 151 Yonge St., 7th Floor, Toronto, ON, M5C 2W7. 1-800-268-9374; Web site: www.cifunds.com. Load fund: available from brokers.) invests in only 25 to 40 high-quality, mostly Canadian stocks. It may hold stocks for four or five years to realize their value. The $5.5-billion Harbour Fund’s top holdings include Canadian National Railway, Goldcorp Inc., Suncor Energy, Talisman Energy, EnCana Corporation, CIBC, Toronto-Dominion Bank, Cisco Systems, Manulife Financial and BHP Billiton. These holdings make up 38.1% of the fund’s portfolio. The Harbour Fund gained 14.4% in the year ended October 31, 2009, compared to a gain of 15.7% for the S&P/TSX. The fund’s five-year return has averaged 8.0% annually. Its MER is 2.31%. Harbour Fund is still a buy. buy…

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