ABC Logo   I.A. MICHAEL INVESTMENT COUNSEL LTD.
 EMPLACEMENT: ENTREE > PAGE D'ACCUEIL > NOS FONDS > ABC Fully-Managed Fund Overview ENGLISH
ABC FULLY-MANAGED FUND OVERVIEW
OBJECTIVE
ABC Fully-Managed Fund is a diversified Canadian balanced fund. While our long-term asset mix target is 50% fixed income and 50% Canadian equities, in practice, our portfolio mix of stocks versus bonds is quite flexible to take advantage of periodic investment opportunities.
ABC Fully Managed Fund's
Top Ten Stock List

Daylight Energy Limited
Genworth MI Canada Inc.
Pengrowth Energy Trust
Equitable Group Inc.
High Liner Foods Inc.
Tricon Capital Group Inc.
Canam Group Inc., Class A
Legacy Oil + Gas Inc.
Cogeco Cable Inc.
ATS Automation Tooling Systems Inc.

as at June 30, 2010 updated quarterly
SECTOR ALLOCATION
Sector allocation
PERFORMANCE
ABC Fully-Managed Fund Annual Returns
Year ABC FMF (%) TSXTR/UBI (%)
1989 23.68 17.20
1990 2.17 -4.32
1991 14.69 17.35
1992 -1.48 4.75
1993 64.35 24.36
1994 2.82 -2.64
1995 17.25 17.97
1996 31.99 19.50
1997 10.56 12.22
1998 -2.02 3.84
1999 10.37 14.29
2000 8.31 8.71
2001 17.62 -2.96
2002 0.77 -1.47
2003 25.52 15.27
2004 15.89 10.42
2005 12.47 15.25
2006 -0.64 11.00
2007 -10.55 6.82
2008 -33.46 -16.04
2009 27.90 18.88
TSXTR = S&P/TSX Composite Total Return Index
UBI = PC-Bond Universe Bond Index
as at December 31, 2009 updated annually
Compounded Annual Rates of Return
  ABC FMF (%) TSXTR/UBI (%)
1 year 26.59 9.36
2 year -7.61 -1.85
3 year -10.12 0.95
5 year -3.97 5.18
10 year 4.59 4.79
15 year 7.08 7.86
20 year 9.20 8.52
Compounded Since Inception:
(February 22nd,1988) 		 9.62 8.42
TSXTR = S&P/TSX Composite Total Return Index
UBI = PC-Bond Universe Bond Index
as at June 30, 2010 updated quarterly
VALUE OF $1000 INVESTED AT INCEPTION
Chart of $1000 invested at inception
PORTFOLIO
All dollar amounts in thousands (CDN$), Exchange rate used is 1.0627
No. of Shares Description Total Cost ($) Market Value ($)
CASH -- 20.06%
23,198 Cash - CAD 23 23
171,646 UBS Cash In Action Fund - CAD 17,165 17,165
118,482 STIC Liquidity Portfolio - USD 124 126
TOTAL CASH 17,312 17,314
FIXED INCOME -- 8.18%
2,167,000 Aecon Group Inc. 7.00%, 09/30/2014 2,167 2,229
4,500,000 Russel Metals Inc. 7.75%, 09/30/2016 4,500 4,832
TOTAL 6,667 7,061
COMMON STOCKS -- 71.76%
COMMUNICATIONS -- 3.98%
100,000 Cogeco Cable Inc. 3,368 3,432
TOTAL 3,368 3,432
CONSTRUCTION -- 3.00%
250,000 Aecon Group Inc. 2,633 2,585
TOTAL 2,633 2,585
CONSUMER PRODUCTS -- 4.52%
350,000 High Liner Foods Inc. 2,644 3,903
TOTAL 2,644 3,903
FINANCIAL SERVICES -- 12.87%
200,000 Equitable Group Inc. 3,745 4,362
200,000 Genworth MI Canada Inc. 3,983 4,644
3,500,000 Westaim Corp. 1,750 2,100
TOTAL 9,478 11,106
INDUSTRIAL PRODUCTS -- 8.02%
600,000 ATS Automation Tooling Systems Inc. 2,502 3,414
500,000 Canam Group Inc. 4,910 3,505
TOTAL 7,412 6,919
OIL & GAS -- 23.05%
600,000 Daylight Energy Ltd. 5,078 5,358
816,900 Essential Energy Services Trust 4,753 931
275,000 Flint Energy Services Ltd. 3,366 3,284
300,000 Legacy Oil + Gas Inc. 3,540 3,444
450,000 Pengrowth Energy Trust 4,644 4,379
12,500,000 Western Energy Services Corp. 2,500 2,500
TOTAL 23,880 19,895
REAL ESTATE -- 6.29%
236,111 Huntingdon Real Estate Inv. Trust 3,854 1,360
900,000 Lakeview Hotel Real Estate Inv. Trust 2,903 279
750,000 Lanesborough Real Estate Inv. Trust 3,319 278
650,000 Tricon Capital Group Inc. 3,900 3,510
TOTAL 13,976 5,426
TRANSPORTATION -- 3.09%
225,000 Westjet Airlines Ltd. 2,515 2,669
TOTAL 2,515 2,669
U.S. STOCKS -- 6.94%
137,500 Fly Leasing Ltd. ADS 3,168 1,505
75,000 Kansas City Life Insurance Co. 4,439 2,357
200,000 Seaspan Corp. 5,168 2,125
TOTAL 12,774 5,987
TOTAL COMMON STOCK 78,681 61,922
TOTAL PORTFOLIO 102,659 86,296
as at June 30, 2010 updated quarterly

CONTACTEZ NOUS | AVERTISSEMENT | CONFIDENTIALITE
COPYRIGHT 2009 ABC Funds
Managed by I.A. Michael Investment Counsel Ltd.