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Fund Price: $9.83 (as at March 31, 2014)  30 day chg:  4.76%  YTD: 7.02%

Returns as at March 31, 2014

  Fund Group Avg Index*
1 Month 4.76% -0.20% 1.20%
3 Months 7.02% 5.84% 7.61%
6 Months 14.16% 13.67% 14.20%
1 Year 23.66% 22.93% 16.57%
2 Year Avg 12.26% 14.95% 10.31%
3 Year Avg 7.20% 7.95% 3.58%
4 Year Avg 8.49% 10.56% 9.61%
5 Year Avg 16.14% 19.35% 18.54%
10 Year Avg 3.34% 5.23% 8.54%
15 Year Avg 6.63% 7.94% -
20 Year Avg 7.50% 8.21% -
Since Inception 9.89% - -
 
2013 21.15% 23.04% 12.22%
2012 11.38% 11.28% 4.75%
2011 -11.97% -11.04% -7.85%
 
3 year risk 15.95 13.36 11.66
3 year beta 1.14 0.90 1.00

*S&P/TSX Completion Total Return

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the S&P/TSX Completion Total Return.

Risk Measures as at March 31, 2014

Best/Worst 12 months (since inception)
Best (ending Jan 94): 79.52 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -38.57 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 16 High

Fund Objectives

The Fund is a Canadian balanced fund in which the return is a function of the asset mix as well as the securities held. ABC Fully-Managed Fund is a diversified Canadian balanced fund. The long-term asset mix target is 50% fixed income and 50% Canadian equities, in practice, the portfolio mix of stocks versus bonds is quite flexible to take advantage of periodic investment opportunities.

Fund Facts

Fund Sponsor: ABC Funds
Managed by: I.A. Michael Inv Counsel Ltd.
Fund Type: MF Trust
Inception Date: February 1988
Asset Class: Canadian Focused Small/Mid Cap Equity
Quartile Rank: 3 (3YR ending March 31, 2014)
Total Assets: N/A
Mgmt Exp. Ratio (MER): 2.00%
Management Fee: 2.00%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$150,000
Subsequent:
$1,000
Min. Invest (initial RRSP):
$150,000
Subsequent RRSP:
$1,000
Closed:
No
Restricted:
Yes
Restriction:
(Min Initial Investment $150,000)
 
 

Asset Allocation June 30, 2013

Equity Sector Weightings June 30, 2013

Fund Geography June 30, 2013

Top Holdings as at June 30, 2013

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at April 22, 2014
1 Year Performance (%)
CAM-T Canam Group Inc - Canada Stock -   71.89 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Savanna Energy Services Corp. Cl A - Canada Stock -   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
S-T Sherritt International Integrated Mines Canada Stock -   9.05 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
EQB-T Equitable Group Finance and Leasing Canada Stock -   61.17 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
GLW-N Corning Inc. Misc. Industrial Products United States Stock -   65.6 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
MIC-T Genworth MI Canada Insurance Canada Stock -   54.7 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SDY-T Strad Energy Services Oil and Gas Field Services Canada Stock -   40.58 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
ESN-T Essential Energy Services Ltd. Oil and Gas Field Services Canada Stock -   47.0 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sherritt International, 8.00%, NOV/15/18 Bond -   -3.15 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SSW-N Seaspan Transportation United States Stock -   9.72 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to April 22, 2014)

Frequency of Income Distributions: Quarterly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Mar 31, 2014 0.0629 0.0629 0.7901 9.825
Dec 31, 2013 0.0483 0.5836 0.6319 0.7606 9.240
Sep 30, 2013 0.0500 0.0500 0.1566 9.254
Jun 28, 2013 0.0454 0.0454 0.1209 8.501
Mar 28, 2013 0.0334 0.0334 0.0755 8.635
Dec 31, 2012 0.0279 0.0279 0.0422 8.268

Portfolio Manager(s)

Irwin A. Michael, MBA, CFA

I.A. Michael Inv Counsel Ltd.

Start Date: March, 1988

Fund Return: 9.91%

Irwin Michael earned the chartered financial analyst designation in 1979. He was awarded an MBA from the Wharton School of Finance, University of Pennsylvania, in 1973. Upon graduation, he was engaged by Hodgson, Roberton Laing & Co. in the capacity of fixed-income portfolio manager and bond trader. He later joined Morgan Stanley Ltd., primarily in the areas of fixed-income research and institutional sales. Before forming I.A. Michael Investment, he was a vice president of fixed-income investments and portfolio manager with Beutel Goodman & Co.

Also manages:ABC American-Value, ABC Dirt-Cheap Stock Fund, ABC Fundamental Value, ABC North American Deep-Value

View fund manager performance report