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Chou Bond Fund Series A

Global Fixed Inc Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022

Click for more information on Fundata’s FundGrade

NAVPS
(05-27-2025)
$9.88
Change
$0.10 (1.03%)

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2007Jul 2008Jan 2010Jul 2011Jan 2013Jul 2014Jan 2016Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025Jul 2022Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jan 2007Jan 2010Jan 2013Jan 2016Jan 2019Jan 2022Jan 2025J…$10,000$20,000$30,000$40,000$0$9,500$10,500$11,000$11,500$12,000$12,500$13,000Period

Legend

Chou Bond Fund Series A

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Fund Returns

Inception Return (September 16, 2005): 6.57%

Fund Returns
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 -3.94% -3.64% 1.47% -2.55% 8.41% 5.54% 6.24% 10.11% 14.44% 10.17% 10.29% 7.38% 9.90% 6.46%
Benchmark -1.67% -1.68% 2.22% 0.20% 10.23% 6.64% 6.01% 2.36% 1.84% 2.79% 3.41% 2.96% 3.88% 4.11%
Category Average -0.86% -1.49% 1.29% 0.26% 8.21% 5.91% 4.37% 2.02% 3.76% 3.16% 3.29% 2.99% 3.46% 2.99%
Category Rank 981 / 981 955 / 979 403 / 979 978 / 979 482 / 959 591 / 907 79 / 898 2 / 819 2 / 779 2 / 744 2 / 641 2 / 539 2 / 503 2 / 403
Quartile Ranking 4 4 2 4 3 3 1 1 1 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-6%-4%-2%0%2%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.46% 1.26% 3.55% -3.30% 2.36% 3.42% 1.10% 2.99% 1.13% 0.13% 0.18% -3.94%
Benchmark 0.79% 1.45% 3.61% -0.15% 2.06% -0.11% 1.82% 0.19% 1.92% 0.64% -0.65% -1.67%

Best Monthly Return Since Inception

16.63% (October 2018)

Worst Monthly Return Since Inception

-14.17% (August 2019)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%60%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -3.58% 9.10% -1.61% 14.85% -25.08% 24.84% 41.25% 7.96% -1.86% 18.19%
Benchmark 16.91% 0.39% 3.81% 5.53% 6.30% 9.09% -0.49% -11.13% 6.74% 11.56%
Category Average 1.21% 4.39% 5.49% -2.85% 9.97% 7.08% 4.51% -11.10% 7.71% 8.38%
Quartile Ranking 4 1 4 1 4 1 1 1 4 1
Category Rank 384/ 388 14/ 451 526/ 526 2/ 604 710/ 710 2/ 767 2/ 819 2/ 866 907/ 907 2/ 959

Best Calendar Return (Last 10 years)

41.25% (2021)

Worst Calendar Return (Last 10 years)

-25.08% (2019)

Asset Allocation

Sector Allocation

Geographic Allocation

Top Holdings

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return45678910111213-2%0%2%4%6%8%10%12%

Chou Bond Fund Series A

Median

Other - Global Fixed Inc Balanced

3 Yr Annualized

Standard Deviation 7.19% 7.79% 14.70%
Beta -0.17% -0.13% 0.00%
Alpha 0.07% 0.14% 0.07%
Rsquared 0.02% 0.01% 0.00%
Sharpe 0.33% 1.47% 0.38%
Sortino 0.70% 2.87% 0.46%
Treynor -0.15% -0.88% -26.31%
Tax Efficiency 75.23% 83.05% 55.76%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.33% 7.19% 7.79% 14.70%
Beta 1.05% -0.17% -0.13% 0.00%
Alpha -0.02% 0.07% 0.14% 0.07%
Rsquared 0.39% 0.02% 0.01% 0.00%
Sharpe 0.56% 0.33% 1.47% 0.38%
Sortino 0.98% 0.70% 2.87% 0.46%
Treynor 0.04% -0.15% -0.88% -26.31%
Tax Efficiency 79.76% 75.23% 83.05% 55.76%

Fund Details

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) $16

Fund Codes

FundServ Code Load Code Sales Status
CHO400

Investment Objectives

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.

Investment Strategy

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.

Portfolio Management

Portfolio Manager

Chou Associates Management Inc.

  • Francis Chou
Sub-Advisor

-

Management and Organization

Fund Manager

Chou Associates Management Inc.

Custodian

CIBC Mellon Trust Company

Registrar

CIBC Mellon Global Securities Services Company

Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 500

Fees

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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