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| North Growth Family of Funds |
Management Fee |
Management Expense Ratio
MER - 2007 |
| US Equity |
1.20% |
1.20% |
| Canadian Equity |
1.25% |
1.25% |
| Canadian Money Market |
0.25% |
0.25% |
North Growth's all-inclusive management fees are among the lowest in Canada.
There are no additional fees beyond the management fee. Our company absorbs all
the accounting and legal expenses of the fund.
All our funds are no-load. That means that we don’t require you to pay when you
buy our funds and we don’t take anything when you sell. And we don't pay
trailer fees (yearly sales rep commissions) on the sale of our funds.
North Growth charges 50% less
Compare our fees to the Canadian mutual fund industry average. According to
Morningstar Canada, the average management expense ratio for the US equity fund
category is near 2.7%. That’s more than twice North Growth’s fee of 1.2%.
Look at the difference that 1.5% difference in fees can make to your
investment:
The 2.7% Management Fee Scenario
A $150,000 investment in an equity fund with an average annual return of 13%
and 2.7% yearly management fee - net 10.3% return per year - would be worth
$399,803 in 10 years.
The North Growth Fee Scenario
That same $150,000 investment at less than half the fee rate — 1.2% — would
instead earn an 11.8% average annual return and be worth $457,624 in 10 years.
A $57,821 difference.
Clearly, our low fees significantly improve investment results in the
long-term. It’s all part of our mission to achieve the best results we can by
focusing exclusively on fund management and helping our clients invest wisely.
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