CC&L Absolute Return Bond Fund
Quarterly Portfolio Disclosures
As of September 30, 2025
Summary of Investment Portfolio
Category
Long %
Short %
%
of Net
Asset Value
Asset Value
Bonds
170.19
-91.60
78.59
Currency Forward Contracts
1.53
-1.54
-0.01
Futures Contracts
55.52
-127.77
-72.25
Other Assets Less Liabilities
5.95
-3.20
2.75
Short Term Investments
20.08
0.00
20.08
Top 25 Holdings - Long
% of NetAsset Value
Ontario
7.71
Ontario
6.64
Canada
5.89
Avolon Holdings Fndg Ltd
4.02
Granite Reit Holdings Lp
3.60
Us Treasury N/B
3.09
Telus Corp
3.04
Royal Bank Of Canada
2.98
ARC RESOURCES LTD
2.88
Parkland Corp/Canada
2.81
Dream Summit Industrial
2.79
Albertsons Cos/Safeway
2.67
Ford Credit Canada Co
2.42
Sell Protection on MARKIT CDX.NA.HY.44.5Y.V1 06/30
2.41
Tenet Healthcare Corp
2.38
Ford Credit Canada Co
2.32
Lifepoint Health Inc
2.21
Brookfield Renewable Par (Green Bond)
2.19
Cogeco Communications
2.02
Us Treasury N/B
1.92
Us Treasury N/B
1.91
Canada
1.91
National Bank Of Canada
1.87
Allied Properties Reit
1.76
Tenet Healthcare Corp
1.76
Top 25 Holdings - Short
% of NetAsset Value
Verizon Communications
-1.17
Canada
-1.17
Hydro One Inc
-1.17
T-Mobile Usa Inc
-1.24
Lithia Motors Inc
-1.29
Calgary Airport Authorit
-1.35
Wolverine World Wide
-1.39
Loblaw Cos Ltd
-1.41
Davita Inc
-1.46
Performance Food Group I
-1.46
Encompass Health Corp
-1.52
Adapthealth Llc
-1.61
Verizon Communications (Green Bond)
-1.73
Asbury Automotive Group
-1.74
United Rentals North Am
-1.79
Davita Inc
-1.80
At&T Inc
-1.90
Sonic Automotive Inc
-1.99
Sirius Xm Radio Inc
-2.17
Dell Int Llc / Emc Corp
-2.53
Allison Transmission Inc
-2.68
Concentra Escrow Issuer
-3.51
Canada
-3.92
Us Foods Inc
-4.40
Ontario
-12.87
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