ABC PERSPECTIVE
Volume 17, Issue 1
January 2006
Page 9
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ABC American Value Fund
Statement of Investment Portfolio
(as of December 31, 2005)

 

All dollar amounts in thousands (CDN$), Exchange rate used is 1.168156

No. Of
Shares

Description

Total
Cost
($)

Market
Value ($)

CASH -- 2.53%    
2,394,456 Cash              2,394             2,394
11 RT CAP Cash In Action Fund                     1                    1
119,467 140                 140                140
36 RT CAP US$ Cash Fund                     4                    4
  TOTAL CASH              2,539             2,539
COMMON STOCKS -- 99.99%    
INDUSTRIAL PRODUCTS -- 0.75%    
300,000 Quaker Fabric Corp., common 2,621 753
  TOTAL              2,621                753
FINANCIAL SERVICES -- 19.43%    
20,000 Amer. Natl. Ins. Co. 2,191 2,733
52,500 Kansas City Life Insurance  Co. 3,004 3,071
250,000 National Atlantic Holdings Corp. 3,111 3,198
175,000 Phoenix Companies Inc. 3,070 2,788
93,500 Piper Jaffray Companies 3,347 4,413
150,000 Presidential Life 3,189 3,336
  TOTAL            17,912           19,540
CONSUMER PRODUCTS -- 5.89%    
219,420 CPAC Inc., common 1,720 1,038
125,000 Dominion Homes 3,046 1,554
200,000 Flexsteel Industries , common 3,440 3,339
  TOTAL              8,207             5,930
OIL & GAS -- 9.30%    
250,000 Harvest Natural Resources Inc. 3,157 2,593
750,000 Meridian Resources Corp. 3,416 3,680
150,000 Stroud Energy Inc., common 2,812 3,071
  TOTAL              9,385             9,344
AUTOMOTIVE -- 4.25%    
45,000 General Motors Corp., common 2,563 1,021
125,000 Superior Industries Intl. 3,272 3,250
  TOTAL              5,835             4,271
MERCHANDISING -- 22.09%    
100,000 Bassett Furniture Industries Inc. 2,469 2,161
250,000 Buca Inc. 2,187 1,592
225,000 Enesco Group Inc. 2,405 484
225,000 Fresh Brands Inc. 2,206 1,805
175,000 Handleman Co., common 2,930 2,539
175,000 Jo-Ann Stores Inc. 3,175 2,412
200,000 John B. Sanfilippo & Sons 3,203 3,021
185,000 Marsh Supermarkets Inc., "A" 2,063 1,893
150,000 Tandy Brands Accessories Inc. 2,669 2,103
60,000 Village Super Markets Inc. 2,422 4,223
  TOTAL            25,728           22,232
TRANSPORTATION -- 9.56%    
200,000 Covenant Transport  Inc. 3,422 3,266
43,700 Int'l Shipholding Corp., common 826 794
100,655 PAM Transportation  Services 1,896 2,092
150,000 Seaspan Corp., common 3,815 3,461
  TOTAL              9,959             9,612
TECHNOLOGY -- 2.85%    
350,000 GTSI Corp. common 3,447 2,862
  TOTAL              3,447             2,862
CONGLOMERATES -- 2.18%    
150,000 Sea Containers Ltd., common A 3,030 2,197
  TOTAL              3,030             2,197
SPECIAL SITUATION STOCKS -- 21.16%    
300,000 CanWest Global Comm. 3,141 2,892
750,000 Catalyst Paper 2,889 2,303
75,000 Clearlink Capital 698 747
1,450,000 Frontera Copper Corp. 2,796 3,625
625,000 Frontera Copper Corp., warrants 0 156
950,000 Grey Wolf Exploration 2,658 5,529
600,000 Lionore Mining Ltd. 3,435 2,970
100,000 Morguard Corp., common 2,074 3,061
  TOTAL            17,690           21,283
TOTAL COMMON STOCK          103,813           98,025
TOTAL PORTFOLIO          106,352         100,564
as at December 31, 2005

ANY RATES OF RETURN PRINTED IN THIS PUBLICATION ARE FOR HISTORICAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS FUTURE PERFORMANCE.


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