Chou Opportunity FundCHOEX

14.05
0.070 / 0.50%
12.62 - 14.80+1.00
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Dec 19 2014.

Total returns on $10,000

As of Nov 30 2014.Fund performance

Objective

The investment seeks long-term growth of capital. The fund invests primarily in the equity securities of companies located in developed and emerging markets throughout the world that the adviser believes are available at market prices less than their value. Portfolio holdings are typically concentrated in 10 to 35 securities without limits as to the size of an issuer, the issuer's or the industry in which it operates. It may invest in debt securities, including government and corporate bonds, high yield bonds, commercial paper, mortgage or asset-backed securities and repurchase agreements. The fund is non-diversified.

Profile

Fund typeOpen Ended Investment Company
Investment style (stocks)
Market Cap: Small
Investment Style: Value
Morningstar categorySmall Value
Launch date01/07/2010
Price currencyUSD
DomicileUnited States
SymbolCHOEX
Manager & start date
Francis Chou
01/07/2010

Investment

Pricing frequencyDaily
Total net assets
99.29m USDAs of Nov 30 2014
Net expense ratio1.50%
Front end load--
Deferred load--
Redemption fee2.00%
Min. initial investment5,000 USD
Min. additional investment500.00 USD
Initial IRA5,000 USD
Additional IRA500.00 USD
Available for saleUnited States

Diversification

Asset type

Cash
38.39%
US stock
37.63%
Non-US stock
23.98%
Other
0.00%
US bond
0.00%
Non-US bond
0.00%

Top 5 sectors

Basic Materials
25.05%
Consumer Cyclical
15.43%
Industrials
4.76%
Financial Services
3.06%
Communication Services
2.35%

Top 5 Regions

United States
61.08%
Canada
0.54%

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change
Portfolio
weight
Long
allocation
Union Bank Instl Tr Depo--38.39%
Resolute Forest Products Inc
RFP:NYQ
+19.60%25.05%
Sears Holdings Corp
SHLD:NSQ
-10.36%10.71%
Jpmorgan Chase-Cw18--4.47%
Bank Of America-Cw19--4.19%
Data delayed at least 15 minutes, as of Sep 30 2014.Top 10 holdings

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

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