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Chou Europe Fund Series A

European Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2014, 2013

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NAVPS
(11-04-2024)
$10.82
Change
-$0.11 (-0.97%)

As at September 30, 2024

Period
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Legend

Chou Europe Fund Series A

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Fund Returns

Inception Return (September 19, 2003): 3.55%

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 0.67% -6.99% -14.71% -5.36% 9.40% 26.68% 9.29% 18.76% 13.25% 6.43% 6.22% 5.73% 2.08% 1.36%
Benchmark 0.64% 5.48% 7.01% 14.82% 25.50% 26.23% 8.24% 11.37% 9.21% 7.83% 7.25% 8.38% 7.55% 7.76%
Category Average 0.81% 6.43% 7.09% 13.13% 23.74% 23.57% 4.93% 8.08% 6.77% 5.29% 4.73% 5.57% 4.89% 5.53%
Category Rank 53 / 103 102 / 103 102 / 103 102 / 103 102 / 103 14 / 103 16 / 102 2 / 102 2 / 100 42 / 95 29 / 91 48 / 83 73 / 73 68 / 68
Quartile Ranking 3 4 4 4 4 1 1 1 1 2 2 3 4 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -4.93% 17.54% 3.45% 0.03% 7.11% 3.56% -4.17% -0.47% -3.85% -5.44% -2.29% 0.67%
Benchmark -1.41% 7.87% 2.78% 0.64% 2.87% 3.63% -0.53% 4.15% -2.07% 3.38% 1.39% 0.64%

Best Monthly Return Since Inception

33.14% (November 2020)

Worst Monthly Return Since Inception

-16.56% (June 2022)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.94% 1.87% -18.71% 3.59% -9.91% -3.05% 27.24% -4.46% 8.00% 39.57%
Benchmark 3.06% 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51%
Category Average -0.81% 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91%
Quartile Ranking 2 4 4 4 3 4 1 4 1 1
Category Rank 24/ 62 71/ 72 74/ 74 84/ 84 56/ 92 97/ 97 2/ 100 102/ 102 1/ 103 1/ 103

Best Calendar Return (Last 10 years)

39.57% (2023)

Worst Calendar Return (Last 10 years)

-18.71% (2016)

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)

Chou Europe Fund Series A

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 29.91% 29.57% 23.66%
Beta 1.17% 1.25% 1.13%
Alpha 0.03% 0.04% -0.05%
Rsquared 0.33% 0.41% 0.43%
Sharpe 0.33% 0.48% 0.10%
Sortino 0.59% 0.86% 0.07%
Treynor 0.08% 0.11% 0.02%
Tax Efficiency 47.36% 77.79% -
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 22.51% 29.91% 29.57% 23.66%
Beta 1.83% 1.17% 1.25% 1.13%
Alpha -0.32% 0.03% 0.04% -0.05%
Rsquared 0.61% 0.33% 0.41% 0.43%
Sharpe 0.29% 0.33% 0.48% 0.10%
Sortino 0.81% 0.59% 0.86% 0.07%
Treynor 0.04% 0.08% 0.11% 0.02%
Tax Efficiency 90.59% 47.36% 77.79% -

Fund Details

Start Date September 19, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $3

Fund Codes

FundServ Code Load Code Sales Status
CHO200

Investment Objectives

The Fund's objective is to provide long-term growth of capital by investing primarily in the securities markets of Europe considered by the Manager to be undervalued. Investments may be made in securities markets outside of Europe. Investments may include common and preferred shares, convertible debentures, warrants, government and corporate bonds and short-term indebtedness.

Investment Strategy

The investment process followed in selecting equity investments, convertible debentures, warrants, government and corporate bonds and short-term indebtedness for the Funds is a value-oriented approach to investing that focuses on the European market. This involves a detailed analysis of the strengths of individual companies, with much less emphasis on short-term market factors.

Portfolio Manager(s)

Name Start Date
Francis Chou 09-15-2003

Management and Organization

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

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.90%
Management Fee 1.50%
Load Back Fee Only
FE Max 2.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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