Morningstar RatingTM:
Series F (September 30, 2018)
Series D (September 30, 2018)
Portfolio Managers:
Date of Inception:
October 24, 2009
Fund Size:
$71,035,596 (as of September 30, 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 $33.66  CAD $25.69  USD
Series D $33.69  CAD $25.71  USD
Fund Codes:
Series F NGM 370 (CAD) NGM 371 (USD)
Series D NGM 372 (CAD) NGM 373 (USD)
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 U.S. companies, 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
U.S. Equity Advisor Fund Series F $CAD 17.6% 14.5% 14.7% 16.9%
U.S. Equity Advisor Fund Series D $CAD 17.3% 14.1% 14.3% 16.5%
S&P 500 Index $CAD 22.3% 17.5% 16.1% 19.3%

Calendar Year Returns

  2017 2016 2015 2014 2013
U.S. Equity Advisor Fund Series F $CAD 16.7% 3.7% 20.6% 21.4% 43.1%
U.S. Equity Advisor Fund Series D $CAD 16.3% 3.4% 20.2% 20.9% 42.4%
S&P 500 Index $CAD 13.8% 8.6% 21.0% 24.0% 41.5%

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 U.S. Equity Advisor Fund Series F - Top Holdings

Portfolio Date: September 30, 2018

  Ticker Portfolio Weight
Cisco Systems CSCO 5.78%
Apple AAPL 4.49%
Intel INTC 3.79%
SolarEdge SEDG 3.00%
Pfizer PFE 2.95%
American Eagle Outfitters AEO 2.93%
Gilead Sciences Inc. GILD 2.59%
Amgen AMGN 2.57%
Applied Materials AMAT 2.57%
First Solar Inc. FSLR 2.54%
Source: North Growth Management

North Growth U.S. Equity Advisor Fund Series F - Sectors

As of September 30, 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 FX Rate Foreign Income Capital Gain Foreign Income Capital Gain Foreign Income Capital Gain Foreign Income Capital Gain
2017 December 15 1.2834 0.3938 2.2331 0.2721 2.2331 1.12% 6.36% 0.78% 6.37%
2016 December 15 1.3347 0.2563 0.3869 0.1683 0.3869 0.85% 1.28% 0.56% 1.28%
2015 December 15 1.3738 0.0836 0.1678 - 0.1211 0.29% 0.58% - 0.42%
2014 December 15 1.1656 0.0337 0.1759 - 0.0298 0.14% 0.74% - 0.13%
2013 December 15 1.0636 0.0317 0.2684 - 0.1901 0.16% 1.38% - 0.94%