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GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $17.88 (as at April 30, 2013)  30 day chg:  -1.70%  YTD: 5.90%

Returns as at April 30, 2013

  Fund Group Avg Index*
1 Month -1.70% -1.53% -0.59%
3 Months 1.13% -0.55% 0.57%
6 Months 11.05% 4.27% 3.02%
1 Year 7.04% 4.67% 3.84%
2 Year Avg 0.37% -2.29% -2.37%
3 Year Avg 2.98% 4.00% 6.45%
4 Year Avg 15.47% 14.04% 16.81%
5 Year Avg 0.56% 0.63% 3.74%
10 Year Avg 7.66% 6.82% 10.63%
15 Year Avg 6.48% 5.37% -
20 Year Avg 11.30% 8.93% -
Since Inception 12.45% - -
 
2012 15.91% 10.19% 4.75%
2011 -16.40% -14.02% -7.85%
2010 19.28% 23.76% 30.32%
 
3 year risk 19.67 15.95 12.86
3 year beta 1.29 1.01 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 April 30, 2013

Best/Worst 12 months (since inception)
Best (ending Jan 94): 143.81 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -50.38 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: 20 High

Fund Objectives

The Fund is a Canadian equity value fund. The cash-to-equity mix depends on the market outlook and the availability of fundamentally attractive stocks. The Fund seeks out fundamentally undervalued Canadian equities. Extensive 'value research' style attempts to ferret out overlooked and out of favour Canadian equities. With these discerning selections we cobble a diversified portfolio of small, medium and large capitalization Canadian stocks. When fully invested and having discovered new, fundamentally attractive securities our sell discipline forces us to cull our portfolios to liquidate the most expensive of our holdings.

Fund Facts

Fund Sponsor: ABC Funds
Managed by: I.A. Michael Inv Counsel Ltd.
Fund Type: MF Trust
Inception Date: March 1989
Asset Class: Canadian Focused Small/Mid Cap Equity
Quartile Rank: 3 (3YR ending April 30, 2013)
Total Assets: N/A
Mgmt Exp. Ratio (MER): 2.00%
Management Fee: 2.00%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$150,000
Subsequent:
$1,000
Min. Invest (initial RRSP):
$150,000
Subsequent RRSP:
$1,000
Closed:
No
Restricted:
Yes
Restriction:
(Min Initial Investment $150,000)
 
 

Asset Allocation March 31, 2013

Equity Sector Weightings March 31, 2013

Fund Geography March 31, 2013

Top Holdings as at March 31, 2013

Symbol Company Name Sector Geographic
Area		 Asset
Type		 % of
Total Assets		   Performance as at May 17, 2013
1 Year Performance (%)
CAM-T Canam Group Inc - Canada Stock -   93.94 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
CDV-T COM DEV International - Canada Stock -   40.46 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
S-T Sherritt International Integrated Mines Canada Stock -   -10.9 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
MRE-T Martinrea International. - Canada Stock -   6.77 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
ETC-T Equitable Group Finance and Leasing Canada Stock -   53.39 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SVY-T Savanna Energy Services Oil and Gas Field Services Canada Stock -   -5.32 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
MIC-T Genworth MI Canada Insurance Canada Stock -   24.36 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
IAE-T Ithaca Energy Oil and Gas Producers Canada Stock -   -25.0 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SSW-N Seaspan Transportation United States Stock -   52.35 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
INA-X Iona Energy Inc. Oil and Gas Producers Canada Stock -   29.03 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

Irwin A. Michael, MBA, CFA

I.A. Michael Inv Counsel Ltd.

Start Date: March, 1989

Fund Return: 12.45%

Irwin Michael earned the chartered financial analyst designation in 1979. He was awarded an MBA from the Wharton School of Finance, University of Pennsylvania, in 1973. Upon graduation, he was engaged by Hodgson, Roberton Laing & Co. in the capacity of fixed-income portfolio manager and bond trader. He later joined Morgan Stanley Ltd., primarily in the areas of fixed-income research and institutional sales. Before forming I.A. Michael Investment, he was a vice president of fixed-income investments and portfolio manager with Beutel Goodman & Co.

Also manages:ABC American-Value, ABC Dirt-Cheap Stock Fund, ABC Fully-Managed, ABC North American Deep-Value

View fund manager performance report