Business COVER

Best-of-class funds

Over three years, these funds delivered superior rewards for the risk

January 26 1998
Business COVER

Best-of-class funds

Over three years, these funds delivered superior rewards for the risk

January 26 1998

Best-of-class funds

Over three years, these funds delivered superior rewards for the risk

Out of the more than 1,500 mutual funds in Canada, the 63 funds listed alphabetically below were judged the best in their respective categories over the past three years, based on ratings prepared for Maclean’s by BellCharts Inc., a fund research firm. To make the grade, funds needed to offer consistent above-average returns given the degree of risk they took. Specifically, the selection process took into account how much better it was to invest in a particular fund versus a risk-free investment such as a treasury bill. It downplayed time periods when returns were unusual, focusing on how well the fund normally performed. And it compared the fund with a benchmark to see how much better it did, how much risk was entailed in getting those additional returns, and how predictable its performance was.

The total amount of money, in millions, managed by the fund.

Fund Type

Assets

Indicates whether the fund is or is not eligible for an RRSP investment, or eligible only as foreign content.

_L

1-Year 3-Year 5-Year 10-Year RRSP Standard

Return Return Return Return Eligibility Deviation

The likelihood that an investor would have Maximum percentage loss in any lost money in any 12-month period over 12-month period over the past the past 10 years, or less if the fund

10 years, or less if the fuñid has has not been in existence that long,

not been in existence that long. i

—1— Chance of Management

Worst Best Having Lost Expense

12 months 12 months Money Ratio

“T

The type of investments contained in the fund.

The annual percentage return from the fund. For periods longer than one year, the figure shown is the average annual compound return.

/1 measure of volatility based Maximum percentage gain in The yearly on the amount by which any 12-month period over the past percentage of assets monthly returns varied over 10 years, or less if the fund has thatgoes towards a three-year period. not been in existence that long running the fund.

Maclean’s BellCharts

Fund Name

Fund Type Assets

1-Year

Return

3-Year

Return

5-Year

Return

10-Year RRSP Return Eligibility

Standard

Deviation

Worst 12 months

Best

12 months

Chance of Having Lost Money

Expense

Ratio

AGF High Income Fund AGF Japan Class AIC Advantage Fund AIC Diversified Canada Fund AIC Value Fund

AIM Global Health Sciences Fund Associate Investors Ltd.

Atlas American Advantage Value Atlas Canadian High Yield Bond Atlas Canadian Large Cap Growth Batirente-Section Obligations BG Private Balanced Fund Bissett Canadian Equity Fund Bissett Dividend Income Fund Bissett Multinational Growth Bissett Retirement Fund Bissett Small Cap Fund BPI Dividend Income Fund Chou Associates Fund C.l. Canadian Bond Fund Clean Environment Equity Fund

Far East Cdn. Equity Cdn. Equity U.S. Equity Specialty Cdn. Equity U.S. Equity Bond

Cdn. Equity Bond Balanced Cdn. Equity Dividend Global Equity Balanced Small Cap Dividend U.S. Equity Bond

Cdn. Equity

518.1 112

1,781.3

1,125.8

864.2

192.4 12.4 33.7

382.5 318

31.6 55.1

205.5 32 32.3

53.6 117.8

370.4 9.5

74.7

132.4

6.2

8.7

43.3

32.1

37.3 21.9

35.8

25.2

10.5

26.7

10.9

22.9

31.5

22.5

33.9

20.2

23.8

19.5

40.3

9.5

34.3

10.8

-2.5

46.1

40.1

34.7

32.7

25.5

25.7

13.2

22.7

15.3 20.1

27.7

24.6

27.7

20.7

30.3

20.7

31.1

14.2 29

9.2

5.5

35.1

26.1 23 18.9

16.6

11.5 15.3 22.1 18.2

16.1

33.8

15

20.6 21.1

0.7

21.9

12.1

10.4

15.3

10.6

16.4

Yes

Foreign

Yes

Yes

Foreign

Foreign

Yes

Foreign

Yes

Yes

Yes

No

Yes

Foreign

Foreign

Yes

Yes

Yes

Foreign

Yes

Yes

1.1

5

5.1

3.6

3.5

4.7

2.7

2.4

1.1

3.2

1.6

1.9

3.4 2.1

2.9 2.1

3.9

1.3

2.7

1.4

3.4

-3.5

-26.4

-26.1

26.2

-7.2

-2.5

-11.5

11.5

9.7

-15.4

-6.2

-3

-12.4

-12.2

10.8

-5.3

-16.4

-4.4

-17.1

-4.9

-18.1

17.6

48.7

94.3

76.4 66.1

84.5 46 41.9 18.2

47.4

24.1 36

55.4 39

52.8

34.7

116.4

27.7

47.4

20.2

52.7

2%

50%

18%

0%

7%

4%

19%

0%

0%

23%

10%

3%

10%

11%

0%

6%

13%

11%

17%

17%

15%

1.92

3.07 2.56 2.69 2.61 2.73

2.09 2.61

1.9 2.49

1.5 1.1 1.33

1.5

1.5 0.44

1.9 1

1.96

1.65

2.8

Fund Name

Clean Environment Int’l Equity Common Sense Asset Builder I Common Sense Asset Builder III Common Sense Asset Builder IV Common Sense Asset Builder V Crocus Investment Fund Emerald Private Capital Equity Empire Group Bond Fund Fidelity European Growth Fund Fidelity Far East Fund Fidelity Int’l Portfolio Fund Fonds de Professionnels Bond Global Mgr Hong Kong Geared ($U.S.) Global Mgr Hong Kong Index ($U.S.) Global Strategy Income Plus Fund Green Line Global RSP Bond Fund GT Global Latin America Growth Guardian Foreign Income Fund A Guardian Int’l Income Classic Investors Growth Plus Portfolio Investors Growth Portfolio Fund Investors Summa Fund Investors U.S. Growth Fund Ivy Canadian Fund Ivy Enterprise Fund Ivy Foreign Equity Fund Ivy Growth and Income Fund Leith Wheeler Balanced Fund Margin of Safety Fund McLean Budden Pooled Fixed Inc. MD Growth Fund Ontario Teachers Group Mortgage Quebec Growth Fund Inc. Spectrum United Cdn. Investment Spectrum United Emerging Mrkts. SSQ-Hypothèques Standard Life Ideal Equity Fund Trimark Advantage Bond Fund Universal European Opportunities Universal World Income RRSP Working Opportunity Fund Zweig Strategic Growth Fund

Fund Type Assets

1-Year

Return

3-Year

Return

5-Year

Return

10-Year

Return

RRSP

Eligibility

Standard

Deviation

Worst 12 months

Best

12 months

Chance of Management Having Lost Expense Money Ratio

Global Equity Balanced Balanced Balanced Balanced Specialty Cdn. Equity Bond European Far East Global Equity Bond Far East Far East Balanced Int’l Bond Latin Am. Int’l Bond Int’l Balanced Int’l Balanced Global Equity Cdn. Equity U.S. Equity Cdn. Equity Small Cap Global Equity Balanced Balanced U.S. Equity Bond

Global Equity Mortgage Small Cap Cdn. Equity Latin Am. Mortgage Cdn. Equity Bond European Int’l Bond Specialty U.S. Equity

13.6

42.1

47.4

25.2 10.8

70.8 0.4

26.8

1.335.6

1,101.2

2.137.7 62.8 0.5 0.7

1,230.2

185.7

33.4 3.3

43.2

356.6 698.2

289.7

1.283.8

4.593.5 259.6

467.8

1.577.6

104.9

5.6

350.6

3.108.9

107.1

18.6 137.5 48.8 2.9

171.1

343.1 531

502.9

167.4 211

35.1

21.1

29.2 28.6

28.9

12.9

28.9

10.4

26.2 -22.6

24.1

9.8 -42.6 -19.1

22.1

7.5

28.5

12.6

7.4

15.5

19.5

23

43.2

17.6

23.4

23.2 18.1

19.1

23.6

11.3

21.1

7.5

40.5

24

10.4

4.8

19.5

10.5 20

9.6

7

26.8

22.5

18.3 21.8

21.3

21.6 7.1

24.2

14

20.7

4.2 18.1

11.5 2.4 8.1

20.2

10.3

21.8

11.5

10.5

15

17.8

21.8

29.1

19.5

20.9

18.2

20.4

16.4

20.6

15.2

18.9

9.9

26.5

22.3

10.9

8.8

21.5

15.3

29.1

11.1

7.2

20.8

19

11.3

20.8

11.9

18.8

8.6

16.7

8.1

13.3

17.2 16.1

21.2

14.7

15.1

13.1

13.8

15.2 11.5

19.2

8.6

17.2 16.1

8.2

17.3

10.5

11.5

13.1

9.9

6.8

11.4

17.5

11.5

11.8

13.7

9.3

15.1

9.6

11.3

Foreign

Yes

Yes

Yes

Yes

N/A

Yes

N/A

Foreign

Foreign

Foreign

Yes

No

No

Yes

Yes

Foreign

Yes

Yes

Foreign

Yes

Foreign

Yes

Yes

Foreign

Yes

Yes

No

Yes

Foreign

Yes

Yes

Yes

Foreign

Yes

Yes

Yes

Foreign

Yes

Yes

Foreign

3.8

1.8

2.3 2.2 2.2 1

3.3

1.4

2.6

6.9 3.1 0.9

13.2

7.4

1.9

1.7

6.2

1.4

1.1

1.7

2.6

2.8

3

2

1.5

2.2

1.6

1.7 2

1.6

2.7 0.7

3.4

2.7

5.2 0.5 3

1.5

2.5 1.4 0.8

2.2

-9.5

1.2

2

2.3 1

0

-19.8

-3.7

2.3 -22.6 -14.2 -3.6 -42.8 -20.2

-4.9

1.8

-10.6

3.8 -6.3 -8.4 -15.8 -23.5 -11.4

0.1

7.2

6.8 -1.6 -6.3 -18.4 -7

-17.9

1.7

-50.7

-16.9

-26.9

2.1

-10.9

8.4 20 5.1 0.6 -0.2

53.2

32.5

43.7

43.8

44.3

13.6

52.6

25.1

41.2

86.4

41.3

19.9

96.9 50

32.8 14.2

56.5

14.8

23.1

24.5

34.7 46

48.1

31.8

27.6

34.1

27.9 33

42.8

23.4

45.9

13.9

79.2

43.7

43.3

18.9

37.8 23.6

39.3

16.5

11.3 38.1

18%

0%

28%

5%

12%

7%

18%

11%

9%

0%

7%

0%

13%

7%

11%

17%

6%

0%

10%

11%

8%

7%

15%

0%

28%

26%

34%

0%

2%

2.89

2.25

2.25

2.25

2.26 2.81

1.75 1.28

2.76 2.78 2.71 0.75 1.82 1.82 2.5

2.03 2.91 1.75 2.1 2.44 2.61 2.46

2.4

2.38

2.39

2.39 2.12 1.1 1.88

N/A

1.29

0.75

1.89 2.33 2.66

N/A

2

1.24

2.48 2.15 3.3

2.49

ALL DATA IS OF DEC. 31, 1997. IF A RATE OF RETURN IS BLANK, THEN THE FUND HAS INSUFFICIENT HISTORY. N/A: NOT AVAILABLE