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Global Fixed Inc Balanced
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2023, 2022
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|
NAVPS (04-30-2024) |
$9.20 |
|---|---|
| Change |
$0.07
(0.73%)
|
As at March 31, 2024
As at June 30, 2023
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Inception Return (September 16, 2005): 6.31%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.60% | 2.70% | -0.73% | 2.70% | 2.17% | 4.05% | 10.38% | 18.31% | 8.29% | 9.72% | 7.16% | 9.92% | 5.57% | 5.31% |
| Benchmark | 1.04% | 2.83% | 9.37% | 2.83% | 5.66% | 2.64% | 0.26% | 0.62% | 1.90% | 2.31% | 2.72% | 3.04% | 3.24% | 4.26% |
| Category Average | 1.42% | 9.52% | 9.52% | 2.30% | 6.66% | 1.54% | 1.01% | 4.45% | 2.74% | 2.77% | 2.74% | 3.17% | 2.58% | 3.02% |
| Category Rank | 951 / 959 | 308 / 959 | 923 / 923 | 308 / 959 | 907 / 907 | 45 / 897 | 2 / 812 | 2 / 762 | 2 / 734 | 2 / 624 | 2 / 541 | 2 / 474 | 2 / 412 | 11 / 331 |
| Quartile Ranking | 4 | 2 | 4 | 2 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.87% | -0.39% | -0.84% | -0.90% | 1.78% | 0.42% | 1.78% | -4.26% | -0.81% | 0.16% | 1.93% | 0.60% |
| Benchmark | 1.00% | -1.55% | -1.21% | 0.72% | 1.08% | -3.41% | 0.82% | 3.70% | 1.73% | 0.36% | 1.41% | 1.04% |
16.63% (October 2018)
-14.17% (August 2019)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 9.77% | -3.58% | 9.10% | -1.61% | 14.85% | -25.10% | 24.88% | 41.25% | 7.96% | -1.86% |
| Benchmark | 11.35% | 16.91% | 0.39% | 3.81% | 5.53% | 6.30% | 9.09% | -0.49% | -11.13% | 6.74% |
| Category Average | 6.43% | 1.21% | 4.39% | 5.49% | -2.85% | 9.97% | 7.08% | 4.51% | -11.10% | 7.71% |
| Quartile Ranking | 1 | 4 | 1 | 4 | 1 | 4 | 1 | 1 | 1 | 4 |
| Category Rank | 28/ 324 | 395/ 399 | 14/ 461 | 538/ 538 | 2/ 614 | 705/ 705 | 2/ 762 | 2/ 812 | 2/ 866 | 907/ 907 |
41.25% (2021)
-25.10% (2019)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 58.40 |
| Foreign Bonds - Other | 36.41 |
| US Equity | 4.77 |
| Canadian Corporate Bonds | 0.83 |
| Cash and Equivalents | -0.40 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| Fixed Income | 86.98 |
| Financial Services | 8.66 |
| Energy | 4.77 |
| Cash and Cash Equivalent | -0.40 |
| Other | -0.01 |
| Name | Percent |
|---|---|
| North America | 100.40 |
| Other | -0.40 |
| Name | Percent |
|---|---|
| Federal Home Loan Mortgage Corporation (USD) 5.13% 22-Aug-2025 | 36.41 |
| World Acceptance Corp 7.00% 01-Nov-2026 | 10.68 |
| MBIA Global Funding LLC (USD) | 9.64 |
| Lumen Technologies Inc 4.00% 15-Feb-2027 | 9.19 |
| B Riley Financial Inc - Debenture | 8.66 |
| Avation Capital SA 9.00% 31-Oct-2026 | 8.16 |
| USD SWEEP VII CIBC MELLON 1.50% 31-Dec-2049 | 6.39 |
| EXCO Resources Inc | 4.77 |
| Bausch Health Cos Inc 11.00% 30-Sep-2028 | 2.89 |
| 1375209 BC Ltd 9.00% 30-Jan-2028 | 2.29 |
Chou Bond Fund Series A
Median
Other - Global Fixed Inc Balanced
| Standard Deviation | 6.93% | 14.50% | 14.60% |
|---|---|---|---|
| Beta | -0.23% | -0.45% | 0.05% |
| Alpha | 0.10% | 0.10% | 0.06% |
| Rsquared | 0.06% | 0.04% | 0.00% |
| Sharpe | 1.09% | 0.49% | 0.33% |
| Sortino | 2.00% | 0.67% | 0.35% |
| Treynor | -0.33% | -0.16% | 0.91% |
| Tax Efficiency | 82.89% | 63.18% | 41.99% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.51% | 6.93% | 14.50% | 14.60% |
| Beta | -0.25% | -0.23% | -0.45% | 0.05% |
| Alpha | 0.04% | 0.10% | 0.10% | 0.06% |
| Rsquared | 0.06% | 0.06% | 0.04% | 0.00% |
| Sharpe | -0.37% | 1.09% | 0.49% | 0.33% |
| Sortino | -0.13% | 2.00% | 0.67% | 0.35% |
| Treynor | 0.10% | -0.33% | -0.16% | 0.91% |
| Tax Efficiency | - | 82.89% | 63.18% | 41.99% |
| Start Date | September 16, 2005 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $11 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CHO400 |
The Fund's objective is to provide conservation of principal and income production, along with capital appreciation. The Fund invests primarily in Canadian and U.S. fixed income instruments. These fixed income instruments include, but are not limited to Government of Canada, provincial, municipal and corporate issues, including convertibles and high yield fixed income instruments. Investments may be made in fixed income instruments outside of Canada and U.S.
The Fund seeks to achieve its investment objectives by investing in securities that it believes are undervalued. The Fund will generally be fully invested. A combination of investment strategies will be utilized in managing the portfolio including relative value trades, yield enhancement strategies and interest rate anticipation traces. The Fund will primarily invest in securities issued by governments, municipalities, provinces and corporations in Canada and the United States.
| Name | Start Date |
|---|---|
| Francis Chou | 09-16-2005 |
| Fund Manager | Chou Associates Management Inc. |
|---|---|
| Advisor | Chou Associates Management Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | CIBC Mellon Global Securities Services Company |
| Distributor | - |
| Auditor | Grant Thornton LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 500 |
| MER | 1.41% |
|---|---|
| Management Fee | 1.50% |
| Load | Back Fee Only |
| FE Max | 2.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.15% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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