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Fund Price: $23.71 (as at October 23, 2017)  1-day chg: $.0433 0.18%  YTD: 15.82%

Returns as at September 30, 2017

  Fund Group Avg Index*
1 Month 3.23% 2.46% 1.60%
3 Months 3.81% 2.45% 2.81%
6 Months 7.11% 2.50% 1.60%
1 Year 15.85% 8.82% 5.52%
2 Year Avg 3.80% 11.52% 11.71%
3 Year Avg -5.66% 5.56% 2.45%
4 Year Avg -3.28% 7.97% 6.06%
5 Year Avg 3.00% 9.24% 5.99%
10 Year Avg 0.47% 5.19% 3.93%
15 Year Avg - 7.97% 9.07%
20 Year Avg - 6.47% -
Since Inception 2.39% - -
 
2016 -0.63% 16.50% 20.50%
2015 -26.89% -1.71% -10.01%
2014 4.64% 5.97% 5.74%
 
3 year risk 14.44 10.51 8.58
3 year beta 0.90 0.68 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 September 30, 2017

Best/Worst 12 months (since inception)
Best (ending Mar 10): 122.82 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -55.86 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: 14 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, 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: Canadian Focused Small/Mid Cap Equity
Quartile Rank: 4 (3YR ending September 30, 2017)
Total Assets: N/A
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 (%)
  Other Other 13.61   - 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 12.7   -48.02 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 10.09   62.93 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 8.51   - 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 8.41   28.26 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 8.26   41.61 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Fuel Industries Inc Frn 14-Jul-2017 Bond 6.95   - 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 6.0   38.72 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
OSTK-Q Overstock.com Inc Department Stores United States Stock 3.87   143.25 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 3.58   -28.31 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 0.6427 0.6427 0.6427 20.469

Portfolio Manager(s)

Francis Chou

Chou Associates Management Inc.

Start Date: September, 2005

Fund Return: 8.89%

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

View fund manager performance report