Morningstar RatingTM:
N/A
Portfolio Manager:
Date of Inception:
September 1, 2000
Fund Size:
$44,815,289 (as of June 30, 2019)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
$20.16  CAD (as of July 19, 2019)
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 2.2% 5.8% 12.5% 4.2%
S&P TSX Index $CAD 3.9% 7.1% 8.4% 4.7%

Calendar Year Returns

  2018 2017 2016 2015 2014
Canadian Equity Fund Series N $CAD -17.8% 29.9% 3.1% -12.2% 19.4%
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: June 30, 2019

  Ticker Portfolio Weight
Ballard Power BLDP 10.95%
CAE Inc. CAE 7.05%
Hydrogenics HYG 6.98%
Heroux-Devtek HRX 6.53%
Open Text Corp. OTEX 6.13%
ATS Automation Tooling Systems ATA 5.59%
Bombardier Cl B BBD.B 4.98%
Sierra Wireless SW 4.03%
EXFO Inc. EXF 3.92%
Westjet Airlines WJA 3.44%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of June 30, 2019


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
2018 December 14 0.69 4.02%
2017 December 15 1.54 6.90%
2016 December 15 1.22 6.77%
2015 December 15 - 0.00%
2014 December 15 1.52 7.46%
2013 December 15 1.03 5.34%