Model Portfolios
Model Portfolios

Our Performance Speaks to our Process

The ARC model portfolios are comprised of companies chosen by Accountability Research for attributes including superior earnings quality and above average return potential.

From a risk management perspective, our approach and attention to earnings and cash flow quality sets our research and models apart. We use a system of proprietary forensic indicators to identify opportunities and minimize undue financial reporting risks, while maximizing portfolio returns.

From a fundamental valuation perspective, we follow a bottom-up approach that focuses on cash flow sustainability, on and off-balance sheet leverage, competitive advantages and threats, corporate risks and opportunities, and key drivers of the business. Our valuation models are grounded in adjusted cash flow and earnings analysis.

QTD YTD 1-Year 2-Year 3-Year
ARC North American 10.1% -3.6% -3.6% 12.2% 22.8%
S&P TSX Composite 2.8% -11.1% -11.1% 0.9% 10.0%
S&P 500 11.2% 0.0% 0.0% 6.2% 11.7%

Performance Ended December 31, 2011


Portfolio Construction FAQs »


  • Canadian Income Focus Model

    The ARC Income Focus Model is designed primarily to provide dividend income and capital preservation with a focus on cash flow and dividend sustainability.

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  • North American Model

    The ARC North American Model is comprised of companies chosen by Accountability Research for attributes including Earnings Quality and superior capital appreciation.

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  • North American Income Model

    The ARC North American Income Model carries the same mandate as our Canadian Income Model but is comprised of North American listed companies. They are chosen not just for thier yield but for thier quality of earnings, cash flow and dividend sustainability.
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  • International Model

    The ARC International Exposure Model Portfolio is designed primarily to provide long-term capital appreciation to clients who seek International exposure…

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Model Portfolio

  • Canadian Income Focus Model
    The ARC Income Focus Model is designed primarily to provide dividend income and…

  • North American Model
    The ARC North American Model is comprised of companies chosen by Accountability Research…

  • North American Income Model
    The ARC North American Income Model carries the same mandate as our Canadian…

  • International Model
    The ARC International Exposure Model Portfolio is designed primarily to provide long-term capital…

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Latest Research

  • MI Developments Inc. | May. 2012

  • Baytex Energy | May. 2012

  • Crescent Point Energy | May. 2012

  • Enbridge Inc. | May. 2012

View Reports

ARC In the News

  • May 2012 Income Trusts are Back

    Al and Mark Rosen, Advisor.ca

    In his new book, Thieves of Bay Street, author Bruce Livesey describes income trusts as a clear case of "the Canadian financial industry marketing Ponzi scheme-like investments." He minces few words in describing how banks marketed the trusts to retail clients and investment advisors using a "turbo-charged hype machine."

  • May 2012 Loblaw downgraded to Sell

    With Target's arrival just around the corner and Wal-Mart ramping up its grocery offerings, Accountability Research analyst Kevin Chu warns Loblaw Cos. Ltd. is in precarious shape.

  • April 2012 Beware your Auditor

    Al and Mark Rosen, Advisor.ca

    People are questioning the auditor's role in the wake of engineering firm SNC Lavalin's recent missteps. Its CEO resigned in March and its board is reviewing $35 million of potentially inappropriate payments it made to construction projects.The company has also been accused of ties to former Libyan dictator Moammar Gadhafi.

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Company Overview

Accountability Research Corporation “ARC” is the independent investment research arm of Rosen & Associates Limited, a highly-respected forensic accounting and business valuation firm that has been serving North America’s largest fund managers for over fifteen years. ARC has been certified independent by the internationally-recognized Investorside Research Association.

Testimonials

“As the force behind one of Canada’s leading investigative accounting firms, he is in high demand, some would even say revered. Reporters, investors and finance lawyers take an interest in his analysis, because, as Mr. Rosen would say, understanding investing is really a matter of understanding accounting.”

Money Sense Magazine

Get in Touch With Us

121 King Street West, Suite 2200
Box 101, Toronto, Ontario M5H 3T9

P. 416.367.3352
F. .416.363.4849
E. info@accountabilityresearch.com
© 2011. Accountability Research Corporation Inc. All rights reserved.

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