Morningstar RatingTM:
Series F (November 30, 2018)
Series D (November 30, 2018)
Portfolio Manager:
Date of Inception:
June 15, 2012
Fund Size:
$38,493,634 (as of December 31, 2018)
Minimum Initial Purchase:
$5,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Fee:
0.70%
Trailer Fee:
    0.00% (Series F)
    0.30% (Series D)
Net Asset Value Per Unit:
Series F $17.41  CAD
Series D $17.61  CAD
Fund Codes:
Series F NGM 270 (CAD)
Series D NGM 272 (CAD)
Available Through an Advisor:
Through registered dealers, FundSERV purchases only, with minimum initial investment of $5,000 and minimum subsequent investment of $1,000.
Investment Growth

Investment Strategy

The objective of the Fund is to achieve consistent, superior, long term returns according to our “Growth at a Reasonable Price” philosophy. The Fund invests in equity securities of Canadian based corporations, avoiding the tobacco and oil and gas industries. On occasion, Treasury bills or short-term cash equivalents may be held.


Performance

Annualized Trailing Returns

  1 Year 2 Years 3 Years 5 Years
Canadian Equity Fund Series F $CAD -17.5% 3.6% 3.5% 3.1%
Canadian Equity Fund Series D $CAD -17.8% 3.3% 3.2% 2.7%
S&P TSX Index $CAD -8.9% -0.3% 6.4% 4.1%

Calendar Year Returns

  2018 2017 2016 2015 2014
Canadian Equity Fund Series F $CAD -17.5% 30.2% 3.3% -12.0% 19.4%
Canadian Equity Fund Series D $CAD -17.8% 29.8% 3.0% -12.4% 18.8%
S&P TSX Index $CAD -8.9% 9.1% 21.1% -8.4% 10.6%

The Fund’s detailed performance record can be viewed by visiting the Tables Page and the Charts Page.


Fund Holdings and Equity Sector Weights

North Growth Canadian Equity Fund - Top Holdings

Portfolio Date: December 31, 2018

  Ticker Portfolio Weight
Ballard Power BLDP 10.76%
Open Text Corp. OTEX 5.87%
CAE Inc. CAE 5.85%
Sierra Wireless SW 5.43%
Bombardier Cl B BBD.B 5.34%
Heroux-Devtek HRX 5.13%
EXFO Inc. EXF 4.86%
ATS Automation Tooling Systems ATA 4.40%
Celestica CLS 3.11%
Evertz Technologies ET 2.94%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of December 31, 2018


Tax Information

The Fund’s realized income and capital gains are accumulated throughout the year and distributed on a pro rata basis on December 15th. All the distribution details for tax purposes are printed on T-3 slips, and unitholders of the Fund receive their T-3 tax slips by mail near the end of January of the following year.

Distribution History

  Capital Gain,Expressed in Canadian Dollars Capital Gain, As a Percentage of Unit Price
Year Date Series F Series D Series F Series D
2018 December 14 0.69 0.59 3.98% 3.39%
2017 December 15 1.54 1.47 6.86% 6.52%
2016 December 15 1.22 1.08 6.75% 5.98%
2015 December 15 - - 0.00% 0.00%
2014 December 15 1.52 1.33 7.46% 6.54%
2013 December 15 1.03 0.95 5.34% 4.95%