PCJ Absolute Return II Fund
Quarterly Portfolio Disclosures
As of June 30, 2026
Summary of Investment Portfolio
Category
Long %
Short %
%
of Net
Asset Value
Asset Value
Energy
17.46
-15.25
2.21
Materials (ex. Gold & Precious Metals)
5.14
-3.02
2.12
Gold & Precious Metals
0.13
-0.36
-0.23
Industrials
20.88
-5.18
15.70
Consumer Discretionary
0.00
-3.64
-3.64
Consumer Staples
5.08
-4.91
0.17
Health Care
8.47
0.00
8.47
Financials
1.48
-3.01
-1.53
Information Technology
1.33
-0.28
1.05
Communication Services
0.00
-2.01
-2.01
Utilities
3.48
0.00
3.48
Real Estate
5.17
-11.04
-5.88
Index Funds
2.75
-13.95
-11.21
Cash
93.97
-2.68
91.29
Top 25 Holdings - Long
% of NetAsset Value
Black Diamond Group
6.85
Extendicare Inc
5.75
Premium Brands Holdings Corporation
4.71
CRH PLC
4.62
Keyera Corp.
3.79
Primaris Reit
3.56
Advantage Energy Ltd
3.12
Brookfield Infrastructure Partners L.P.
2.86
Chartwell Retirement Residences
2.72
Knight-Swift Transportation Holdings Inc
2.18
Brookfield Business Corp
2.06
Cenovus Energy inc.
2.02
Aecon Group Inc.
1.75
CAE Inc.
1.72
Finning International Inc.
1.66
Power Corp. of Canada
1.48
Enerflex Ltd.
1.46
ADENTRA Inc
1.22
Dream Industrial Real Estate Investment Trust
1.13
Kelt Exploration Ltd.
1.01
Rockpoint Gas Storage Inc
1.00
Element Fleet Management Corp
0.97
Baytex Energy Corp
0.94
Headwater Exploration Inc
0.92
Pembina Pipeline Corp
0.83
Top 25 Holdings - Short
% of NetAsset Value
EQB Inc
-0.57
Visa Inc-Class A
-0.57
CSX Corp.
-0.59
Kraft Heinz Co
-0.60
Gran Tierra Energy Inc.
-0.68
AtkinsRealis Group Inc
-0.72
Texas Roadhouse Inc
-0.77
Richelieu Hardware Ltd.
-0.92
Parex Resources Inc.
-0.92
Stantec Inc.
-0.96
Whitecap Resources Inc.
-0.97
Riocan REIT Units
-1.06
Quebecor Inc. Class B
-1.20
Choice Properties REIT
-1.21
StorageVault Canada Inc.
-1.38
Vulcan Materials Co
-1.50
Martin Marietta Materials
-1.52
SmartCentres Real Estate Investment Trust
-1.56
PrairieSky Royalty Ltd.
-1.56
Canadian Tire Corp. Ltd. Class A
-1.62
Gibson Energy
-1.66
Canadian Apt Pptys REIT
-1.68
CT Real Estate Investment Trust
-1.73
Imperial Oil Limited
-2.12
TC Energy Corp
-3.03
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.
September 19, 2025