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Fund Price: $28.74 (as at February 27, 2017)  1-day chg: $.2867 1.01%  YTD: 4.57%

Returns as at January 31, 2017

  Fund Group Avg Index*
1 Month -1.01% -0.22% -0.29%
3 Months 6.89% 4.42% 2.83%
6 Months 10.05% 6.00% 1.72%
1 Year 3.06% 20.84% 22.30%
2 Year Avg -9.46% 6.64% 3.75%
3 Year Avg -3.23% 5.90% 4.00%
4 Year Avg 3.07% 9.37% 5.80%
5 Year Avg 8.61% 9.56% 5.18%
10 Year Avg 1.66% 3.79% 4.14%
15 Year Avg 6.10% 6.61% 7.62%
20 Year Avg 9.10% 5.65% -
Since Inception - - -
 
2016 -3.58% 15.97% 20.50%
2015 -12.83% -1.30% -10.01%
2014 14.20% 5.63% 5.74%
 
3 year risk 11.88 10.73 9.99
3 year beta 0.39 0.75 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 January 31, 2017

Best/Worst 12 months (since inception)
Best (ending Apr 10): 81.46 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -42.98 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: 12 High

Fund Objectives

The Fund's objective is to provide long-term growth of capital by investing in equity and debt instruments of primarily Canadian businesses. The Fund may invest in equity and debt instruments of U.S. and foreign businesses. Investments may include common and preferred shares, convertible debentures, government and corporate bonds and short-term indebtedness.

Fund Facts

Fund Sponsor: Chou Associates Management Inc.
Managed by: Chou Associates Management Inc.
Fund Type: MF Trust
Inception Date: October 1986
Asset Class: Canadian Focused Small/Mid Cap Equity
Quartile Rank: 4 (3YR ending January 31, 2017)
Total Assets: $80.6 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 11.48   - 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 9.59   -80.02 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Taiga Building Products Ltd., 14.00%, SEP/01/20 Bond 8.01   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Fuel Industries Inc Frn 15-Dec-2016 Bond 7.63   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
IFP-T Interfor Corporation West Coast Forestry Canada Stock 7.25   68.5 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BB-T BlackBerry Limited Telecommunications Canada Stock 6.34   -7.83 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BAC-N Bank of America Banks United States Stock 5.81   93.46 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
CFX-T Canfor Pulp Products West Coast Forestry Canada Stock 5.8   -1.81 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
RET.A-T Reitmans (Canada) Clothing Stores Canada Stock 5.2   34.92 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 0.8629 0.8629 0.8629 27.483
Dec 31, 2015 0.3707 1.0292 1.3999 1.3999 29.397

Portfolio Manager(s)

Francis Chou

Chou Associates Management Inc.

Start Date: October, 1986

Fund Return: 8.92%

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

View fund manager performance report