Chou Funds Overview

Chou Funds offers five mutual funds in both CAD and USD for different investment needs. The funds are available in front load (Series A) or no load fee-based (Series F) formats*, with $5,000 initial minimum investment and $500 subsequent investment. Please select the fund name below for further detailed fund profile.

Net Performance as at November 31, 2017

* Series A and F Restrictions

Due to our limited market dealer registration, you must be an accredited investor in order to purchase Series A units from us directly. Series F units are offered at certain wealth management brokers, but are not available directly at Chou Associates Management.

** MER

Management expense ratio (MER) is based on total expenses for the stated period and is expressed as an annualized percentage of weekly average net assets during the period.

*** Inception dates:

Chou Associates Fund: November 28, 1986

Chou RRSP Fund: November 28, 1986

Chou Asia Fund: September 19, 2003

Chou Europe Fund: September 19, 2003

Chou Bond Fund: September 16, 2005

Disclaimer

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their value change frequently and past performance may not be repeated. The indicated rates of return in this communication are historical annual compound total returns including changes in unit value and the reinvestment of all distributions and do not take into account sales, redemption, distribution, optional charges or income taxes payable by any security holder that would have reduced returns.