CC&L High Yield Bond Fund

Quarterly Portfolio Disclosures

As of June 30, 2025

Summary of
Investment Portfolio

% of Net
Asset Value
Automotive
4.04
Banking
9.83
Basic Industry
4.33
Capital Goods
2.13
Communications
2.59
Consumer Goods
1.29
Energy
15.81
Healthcare
5.92
Leisure
3.56
Media
8.08
Real Estate
7.27
Retail
8.83
Services
1.41
Technology & Electronics
1.10
Telecommunications
7.39
Transportation
2.21
Utility
14.22

Top 25 Holdings

% of Net
Asset Value
Avolon Holdings Fndg Ltd 5.75% 2029.11.15
2.48
Petsmart Inc/Petsmart Fi 7.75% 2029.02.15
2.39
Canada 2.75% 2027.05.01
2.23
Cogeco Communications 6.13% 2029.02.27
1.97
Videotron Ltd 4.50% 2030.01.15
1.77
Albertsons Cos/Safeway 3.50% 2029.03.15
1.75
Molina Healthcare Inc 4.38% 2028.06.15
1.59
Tenet Healthcare Corp 4.38% 2030.01.15
1.49
SNC-Lavalin Group Inc. 5.70% 2029.03.26
1.33
Parkland Corp 6.63% 2032.08.15
1.26
Parkland Corp/Canada 4.38% 2029.03.26
1.22
Inter Pipeline Ltd 5.85% 2032.05.18
1.16
Telus Corp 5.60% 2030.09.09
1.11
Us Treasury N/B 4.63% 2035.02.15
1.09
Rogers Communications In 3.30% 2029.12.10
1.09
Enbridge Inc. 5.38% 2027.09.27
1.06
Goeasy Ltd 7.38% 2030.10.01
1.04
Cco Holdings Llc / Cco Holdings Capital Corp 5.00% 2028.02.01
0.99
Meg Energy Corp 5.88% 2029.02.01
0.98
Algonquin Pwr & Utility 5.25% 2032.01.18
0.89
Brookfield Infra Fin Ulc 5.71% 2030.07.27
0.86
First Cap Real Estate In 5.46% 2032.06.12
0.85
Venture Global Lng Inc 9.88% 2032.02.01
0.85
Arko Corp 5.13% 2029.11.15
0.84
Goodyear Tire & Rubber 5.25% 2031.07.15
0.84

For further information, please contact Connor, Clark & Lunn Funds Inc. Toll Free at 1-888-824-3120.

The Summary of Investment Portfolio may change due to ongoing portfolio transactions of the Fund. Updates are available quarterly. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

CC&L Funds Inc.
January 2nd, 2025