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Fund Price: $105.69 (as at October 23, 2017)  1-day chg: $-.4422 -0.42%  YTD: -4.44%

Returns as at September 30, 2017

  Fund Group Avg Index*
1 Month 4.05% 1.82% 2.03%
3 Months -6.42% 1.33% 1.08%
6 Months -3.67% 3.49% 2.58%
1 Year 11.36% 10.65% 13.08%
2 Year Avg -2.94% 9.36% 11.43%
3 Year Avg -2.35% 8.22% 12.44%
4 Year Avg 1.31% 9.83% 14.91%
5 Year Avg 7.78% 12.00% 17.10%
10 Year Avg 4.35% 4.39% 7.25%
15 Year Avg 6.36% 6.03% 7.88%
20 Year Avg 7.75% 4.21% 5.59%
Since Inception - - -
 
2016 -2.79% 3.73% 4.41%
2015 -6.95% 9.45% 19.55%
2014 12.06% 8.73% 15.01%
 
3 year risk 17.41 10.53 10.74
3 year beta 0.94 0.80 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 September 30, 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: 17 High

Fund Objectives

The Chou Associates Funds 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. Investments may include common and preferred shares, convertible debentures, warrants, government and corporate bonds and short-term indebtedness. The fundamental investment objectives of the Fund may only be changed with the approval of the holders of a majority of the units of the Fund given at a meeting called for that purpose.

Fund Facts

Fund Sponsor: Chou Associates Management Inc.
Managed by: Chou Associates Management Inc.
Fund Type: MF Trust
Inception Date: September 1986
Asset Class: Global Equity
Quartile Rank: 4 (3YR ending September 30, 2017)
Total Assets: $358.0 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 June 30, 2017

Equity Sector Weightings June 30, 2017

Fund Geography June 30, 2017

Top Holdings as at June 30, 2017

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at October 23, 2017
1 Year Performance (%)
VRX-T Valeant Pharmaceuticals Intl. Biotechnology & Pharmaceuticals Canada Stock 13.58   -48.02 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 11.61   31.89 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Other Other 11.26   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- JPMorgan Chase Equity Warrant - United States Stock 9.57   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
WFC-N Wells Fargo & Co. Banks United States Stock 6.73   21.78 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 6.3   48.34 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
GS-N Goldman Sachs Investment Companies and Funds United States Stock 5.06   38.62 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 4.48   28.26 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 October 23, 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

Portfolio Manager(s)

Francis Chou

Chou Associates Management Inc.

Start Date: October, 1986

Fund Return: 10.10%

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

View fund manager performance report