Morningstar RatingTM:
(August 31, 2018)
Portfolio Manager:
Date of Inception:
June 15, 2012
Fund Size:
$48,727,709 (as of August 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 $21.97  CAD
Series D $22.11  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 16.3% 16.1% 11.5% 10.9%
Canadian Equity Fund Series D $CAD 16.0% 15.7% 11.1% 10.4%
S&P TSX Index $CAD 10.1% 8.7% 8.7% 8.3%

Calendar Year Returns

  2017 2016 2015 2014 2013
Canadian Equity Fund Series F $CAD 30.2% 3.3% -12.0% 19.4% 44.3%
Canadian Equity Fund Series D $CAD 29.8% 3.0% -12.4% 18.8% 43.6%
S&P TSX Index $CAD 9.1% 21.1% -8.4% 10.6% 13.0%

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: August 31, 2018

  Ticker Portfolio Weight
Ballard Power BLDP 12.08%
Bombardier Cl B BBD.B 6.75%
Sierra Wireless SW 5.76%
EXFO Inc. EXF 5.65%
Open Text Corp. OTEX 5.34%
Heroux-Devtek HRX 4.99%
Maxar Technologies MAXR 4.85%
CAE Inc. CAE 4.80%
ATS Automation Tooling Systems ATA 4.43%
Celestica CLS 3.29%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of August 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

  Series F Series D Series F Series D
  Expressed in Canadian Dollars As a Percentage of Unit Price
Year Date Foreign Income Capital Gain Foreign Income Capital Gain Foreign Income Capital Gain Foreign Income Capital Gain
2017 December 15 - 1.5374 - 1.4669 - 6.86% - 6.52%
2016 December 15 - 1.2182 - 1.0792 - 6.75% - 5.98%
2015 December 15 - - - - - 0.00% - 0.00%
2014 December 15 - 1.5196 - 1.3292 - 7.46% - 6.54%
2013 December 15 - 1.0291 - 0.9507 - 5.34% - 4.95%