Morningstar RatingTM:
N/A
Portfolio Manager:
Date of Inception:
September 1, 2000
Fund Size:
$47,608,560 (as of July 31, 2018)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
$20.69  CAD
Available Through an Advisor:
No, see the Canadian Equity Fund, Series D and Series F
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 N $CAD 11.9% 13.9% 8.2% 10.0%
S&P TSX Index $CAD 11.7% 9.3% 7.5% 8.8%

Calendar Year Returns

  2017 2016 2015 2014 2013
Canadian Equity Fund Series N $CAD 29.9% 3.1% -12.2% 19.4% 44.3%
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: July 31, 2018

  Ticker Portfolio Weight
Ballard Power BLDP 10.48%
Bombardier Cl B BBD.B 7.86%
Open Text Corp. OTEX 5.17%
EXFO Inc. EXF 5.11%
CAE Inc. CAE 5.11%
Sierra Wireless SW 5.05%
Heroux-Devtek HRX 5.00%
Maxar Technologies MAXR 4.87%
ATS Automation Tooling Systems ATA 4.01%
Celestica CLS 3.23%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of July 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

  Expressed in Canadian Dollars As a Percentage of Unit Price
Year Date Capital Gain Capital Gain
2017 December 15 1.5375 6.90%
2016 December 15 1.2182 6.77%
2015 December 15 - 0.00%
2014 December 15 1.5196 7.46%
2013 December 15 1.0291 5.34%