- Morningstar RatingTM:
- N/A
- Portfolio Management Team:
- Date of Inception:
- October 13, 1992
- Fund Size:
- $697,333,952 (as of March 31, 2024)
- Minimum Initial Purchase:
- $150,000
- RRSP/TFSA/RRIF Eligibility:
- Yes
- Management Expense Ratio:
- 1.00%
- Net Asset Value Per Unit:
-
- $56.93 CAD (as of April 17, 2024)
- $41.27 USD (as of April 17, 2024)
- Available Through an Advisor:
- No, see the U.S. Equity Advisor Fund
Investment Growth
Investment Strategy
The objective of the Fund is to achieve long term growth and capital appreciation according to our “Growth at a Reasonable Price” philosophy. The Fund invests in equity securities of U.S. based companies, avoiding the tobacco and oil and gas industries. On occasion, Treasury bills or short-term cash equivalents may be held.
Performance
Annualized Rates of Return for periods ended March 31, 2024
1 Year | 5 Years | 10 Years | 15 Years | 20 Years | |
---|---|---|---|---|---|
U.S. Equity Fund $CAD | 24.04% | 12.80% | 12.99% | 15.01% | 9.88% |
S&P 500 Index $CAD | 30.04% | 15.37% | 15.28% | 16.18% | 10.33% |
Calendar Year Returns
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
U.S. Equity Fund $CAD | 18.21% | -19.06% | 17.88% | 26.85% | 21.53% |
S&P 500 Index $CAD | 23.32% | -12.52% | 28.16% | 16.07% | 25.18% |
The Fund’s detailed performance record can be viewed by visiting the Returns Page and the Charts Page.
Fund Holdings and Equity Sector Weights
North Growth U.S. Equity Fund - Top Holdings
Portfolio Date: March 31, 2024
Ticker | Portfolio Weight | |
---|---|---|
Jabil | JBL | 6.95% |
Applied Materials | AMAT | 6.05% |
Ciena | CIEN | 4.71% |
Coherent | COHR | 3.80% |
Motorola Solutions | MSI | 3.63% |
Qualcomm | QCOM | 3.61% |
Nvidia | NVDA | 3.07% |
Elevance Health | ELV | 2.62% |
Tempur Sealy International | TPX | 2.61% |
HP | HPQ | 2.60% |
North Growth U.S. Equity Fund - Sectors
As of March 31, 2024
Tax Information
The Fund’s realized income and capital gains are accumulated throughout the year and distributed on a pro rata basis in December. 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 | FX Rate | Foreign Income | Capital Gain | Foreign Income | Capital Gain |
2022 | December 15 | - | - | - | - | - |
2021 | December 15 | 1.2893 | - | 5.28 | - | 8.39% |
2020 | December 15 | 1.2722 | 0.03 | 8.86 | 0.04% | 14.46% |
2019 | December 13 | 1.3183 | 0.16 | 0.14 | 0.32% | 0.28% |
2018 | December 14 | 1.3379 | 0.07 | 6.98 | 0.16% | 14.57% |
2017 | December 15 | 1.2834 | 0.53 | 8.23 | 0.94% | 14.67% |
2016 | December 15 | 1.3347 | 0.36 | 2.11 | 0.71% | 4.22% |
2015 | December 15 | 1.3738 | 0.09 | 1.60 | 0.18% | 3.25% |
2014 | December 15 | 1.1656 | 0.06 | 1.66 | 0.14% | 3.99% |
2013 | December 15 | 1.0636 | 0.10 | 1.26 | 0.30% | 3.63% |