North Growth Funds are available through your advisor or via your discount brokerage account. If you already have an established relationship with an investment advisor, or have a discount brokerage account and would like to include our funds in your portfolio, the minimum initial investment per fund is $5,000.
Accredited investors with a minimum of $150,000 to invest can also obtain our funds directly through North Growth.
The North Growth US Equity Fund and the Canadian Equity Fund Series N carry management fees of 1.00%.
CDN/US Direct Unit Purchase (DIRECT SERIES)
Units of the Canadian Equity Fund Series N and of the U.S. Equity Fund are available to accredited investors directly through North Growth and require a minimum initial investment of $150,000. In order to purchase units in these funds we request that you contact us to obtain the required subscription documents as well as fund transfer instructions.
Among the benefits of dealing directly with North Growth, you are ensured to pay the lowest possible fees that we offer. The U.S. Equity Fund and the Canadian Equity Fund Series N carry management fees of 1.00%. Furthermore, you will be able to contact a portfolio manager directly for investment counsel, or to discuss investment opportunities and wealth management recommendations.
Series D and Series F units of the Canadian Equity Fund and of the U.S. Equity Advisor Fund are solely available for purchase through authorized third-party dealers and require a minimum initial investment of $5,000 and subsequent purchase minimum of $1,000.
In order to purchase units of these funds please contact your investment advisor and inform them that you wish to purchase units of either fund, providing them with the following references:
|Canadian Equity Fund
(only Canadian dollar investments)
|Series F reference Fund Code NGM 270
Series D reference Fund Code NGM 272
|U.S. Equity Advisor Fund
(for investments in Canadian dollars)
|Series F reference Fund Code NGM 370
Series D reference Fund Code NGM 372
|U.S. Equity Advisor Fund
(for investments in U.S. dollars)
|Series F reference Fund Code NGM 371
Series D reference Fund Code NGM 373
Funds Series Descriptions
Series F units are intended for fee-based accounts where investors pay their advisor for investment services and advice and for investors who have discount brokerage accounts. Accordingly, Series F units have a lower MER (management expense ratio) than Series D units. Both the North Growth U.S. Equity Advisor Fund Series F and the North Growth Canadian Equity Fund Series F charge an MER of 0.70%.
Both the North Growth U.S. Equity Advisor Fund Series D and the North Growth Canadian Equity Fund Series D charge an MER of 1.00%; which includes a 0.30% trailing commission paid to the dealer.