CC&L Global Long Short Fund

Quarterly Portfolio Disclosures

As of March 31, 2025

Summary of Investment Portfolio

Category
Long %
Short %
% of Net
Asset Value
Energy
11.52
-9.94
1.58
Materials
13.17
-11.58
1.58
Industrials
27.45
-17.28
10.17
Consumer Discretionary
19.06
-12.38
6.67
Consumer Staples
4.38
-6.50
-2.12
Health Care
21.45
-15.85
5.60
Financials
24.67
-10.10
14.57
Information Technology
29.47
-22.70
6.77
Communication Services
9.73
-3.18
6.55
Utilities
3.40
-1.63
1.78
Real Estate
4.35
-5.16
-0.82
Cash
198.33
-95.24
103.09

Top 25 Holdings - Long

% of Net
Asset Value
Thomson Reuters Corporation
1.02
Deutsche Telekom AG
0.97
Canadian Natural Resources Ltd.
0.96
Csl Ltd
0.93
Pembina Pipeline Corp.
0.91
Kongsberg Gruppen Asa
0.86
Fresnillo Plc
0.79
Northern Star Resources Ltd
0.73
Disco Corp
0.67
Cogeco Inc.
0.67
Pandora A/S
0.66
Advantest Corp
0.65
Imperial Oil Limited
0.61
TC Energy Corp
0.56
Suncor Energy Inc.
0.55
Kone Oyj-B
0.54
Svenska Handelsbanken-A Shs
0.53
Cicor Technologies-Reg
0.52
Alstom
0.50
Ericsson Lm-B Shs
0.48
Akamai Technologies Inc
0.47
Ageas
0.47
Rheinmetall Ag
0.47
Kbc Groep Nv
0.47
Riverstone Holdings Ltd
0.46

Top 25 Holdings - Short

% of Net
Asset Value
Safran Sa
-0.51
Beam Therapeutics Inc
-0.51
Pilbara Minerals Ltd
-0.52
Talos Energy Inc
-0.52
Mitsubishi Heavy Industries
-0.53
Newmont Corp.
-0.53
Toronto-Dominion Bank
-0.55
Eli Lilly & Co.
-0.56
Omv Ag
-0.56
Nexgen Energy Ltd
-0.58
Ihi Corp
-0.58
CapitaLand Ascendas REIT
-0.63
Tidewater Inc
-0.66
Sibanye Stillwater Ltd
-0.66
Epiroc AB
-0.67
Mitsubishi UFJ Financial Group
-0.68
Nice System Ltd - ADR
-0.73
Texas Instruments Inc.
-0.75
Kawasaki Heavy Industries
-0.75
Dollar General Corp.
-0.75
Nintendo Co Ltd
-0.80
Pfizer Inc.
-0.80
Infineon Technologies Ag
-0.83
BASF SE
-0.83
Shopify Inc - Class A
-0.88

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.