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Fund Price: $113.41 (as at February 27, 2017)  1-day chg: $1.6176 1.45%  YTD: 2.55%

Returns as at January 31, 2017

  Fund Group Avg Index*
1 Month -5.50% 0.09% -0.41%
3 Months 8.98% 2.55% 3.59%
6 Months 8.51% 3.16% 5.18%
1 Year 0.31% 8.44% 9.14%
2 Year Avg -8.30% 4.06% 7.53%
3 Year Avg -1.42% 7.36% 12.25%
4 Year Avg 6.29% 10.88% 16.51%
5 Year Avg 10.48% 11.15% 16.44%
10 Year Avg 3.31% 3.08% 5.59%
15 Year Avg 6.92% 3.69% 5.38%
20 Year Avg 8.78% 4.09% 6.12%
Since Inception - - -
 
2016 -2.79% 3.76% 4.41%
2015 -6.95% 9.87% 19.55%
2014 12.06% 8.77% 15.01%
 
3 year risk 15.85 10.28 10.17
3 year beta 1.02 0.82 1.00

*MSCI World TR CAD

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the MSCI World TR CAD.

Risk Measures as at January 31, 2017

Best/Worst 12 months (since inception)
Best (ending Mar 10): 49.49 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -31.55 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 Chou Associates Fund�s investment objective is to provide long-term growth of capital by investing primarily in equity securities of US and foreign businesses considered by the Manager to be undervalued. The Fund may invest in the equity securities of Canadian businesses.

Fund Facts

Fund Sponsor: Chou Associates Management Inc.
Managed by: Chou Associates Management Inc.
Fund Type: MF Trust
Inception Date: October 1986
Asset Class: Global Equity
Quartile Rank: 4 (3YR ending January 31, 2017)
Total Assets: $376.2 million
Mgmt Exp. Ratio (MER): 1.81%
Management Fee: 1.50%
Load Type: Front End
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$5,000
Subsequent:
$500
Min. Invest (initial RRSP):
$5,000
Subsequent RRSP:
$500
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation September 30, 2016

Equity Sector Weightings September 30, 2016

Fund Geography September 30, 2016

Top Holdings as at September 30, 2016

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at February 27, 2017
1 Year Performance (%)
  Exco Resources Inc Frn 20-Oct-2020 Bond 10.54   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BRK.B-N Berkshire Hathaway Insurance United States Stock 10.53   29.34 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
VRX-T Valeant Pharmaceuticals Intl. Biotechnology & Pharmaceuticals Canada Stock 9.46   -80.02 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- JPMorgan Chase Equity Warrant - Canada Stock 9.01   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
C-N Citigroup Investment Companies and Funds United States Stock 6.29   51.95 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
RFP-N Resolute Forest Products East Coast Forestry United States Stock 5.97   15.38 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SHLD-Q Sears Holdings Department Stores United States Stock 5.33   -55.97 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 February 27, 2017)

Frequency of Income Distributions: Annually

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Dec 30, 2016 1.6072 0.0659 1.6731 1.6731 110.595
Dec 31, 2015 0.0655 0.0655 0.0655 115.495

Portfolio Manager(s)

Francis Chou

Chou Associates Management Inc.

Start Date: October, 1986

Fund Return: 10.28%

Also manages:Chou Asia Series A, Chou Bond Series A, Chou Europe Series A, Chou RRSP Series A

View fund manager performance report