ABC North American
Deep-Value Fund searches out fundamentally undervalued Canadian and American
stock exchange-listed common shares. This closed-end fund has maximum
flexibility to invest in a diversified mix of deep value securities. There is,
however, a particular emphasis on micro-caps. The country and asset mix, as
well as currency exposure, can vary and has no set limits. The portfolio,
ordinarily, will have a mix of 40 to 50 holdings. This fund closed to new
money on November 1, 2005.
North American Deep-Value Fund's Top Ten Stock List
Fortress Paper Ltd.
Equitable Group Inc.
Strad Energy Services Ltd.
Geodrill Ltd.
Genworth MI Canada Inc.
Martinrea International Inc.
High Liner Foods Inc. "A" non-voting
Antrim Energy Inc.
Savanna Energy Services Corp.
Bennett Environmental Inc.
as at December 30, 2011
updated quarterly
SECTOR ALLOCATION
PERFORMANCE
ABC North American Deep-Value Fund Annual Returns
Year
ABC
NADVF (%)
Russell
2000 (%)
Dow
Jones (%)
TSXTR (%)
2005
25.49
3.32
-0.61
24.13
2006
3.92
17.00
16.29
17.26
2007
-11.81
-2.75
6.43
9.83
2008
-56.62
-34.80
-33.84
-33.00
2009
54.07
25.22
18.82
35.05
2010
44.14
25.31
11.02
17.61
2011
-13.63
-5.45
5.53
-8.71
Russell 2000 = Russell 2000 in $US
Dow Jones = Dow Jones Industrials in $US
TSXTR = S&P/TSX Composite Total Return Index
as at
December 31, 2011
updated
annually
Compounded
Annual Rates of Return
ABC
NADVF (%)
Russell 2000 (%)
Dow Jones (%)
TSXTR (%)
1 Year
-13.63
-5.45
5.53
-8.71
2 Year
11.57
8.85
8.24
3.62
3 Year
24.24
14.05
11.66
13.18
5 Year
-6.01
-1.22
-0.40
1.30
Compounded Since Inception:
(November 1st, 2004)
0.27
3.38
2.79
7.01
Russell 2000 = Russell 2000 in $US
Dow Jones = Dow Jones Industrials in $US
TSXTR = S&P/TSX Composite Total Return Index
as at December 30, 2011
updated quarterly
VALUE OF $1000 INVESTED AT INCEPTION
PORTFOLIO
All dollar amounts in thousands (CDN$), Exchange rate used is 1.01825