- Morningstar RatingTM:
-
Series F 
(March 31, 2024) Series D (March 31, 2024) - Portfolio Management Team:
- Date of Inception:
-
Series F June 15, 2012 Series D June 29, 2012 - Fund Size:
- $50,515,651 (as of March 31, 2024)
- Minimum Purchase:
- $500 per account
- 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 $24.15 CAD (as of April 19, 2024) Series D $24.65 CAD (as of April 19, 2024) - Fund Codes:
-
Series F NGM 270 (CAD) Series D NGM 272 (CAD) - Available Through an Advisor:
- Through registered dealers, FundSERV purchases only.
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 Canadian based corporations, avoiding the tobacco and oil and gas industries. On occasion, Treasury bills or short-term cash equivalents may be held.
The Fund’s Simplified Prospectus, Fund Facts and other fund documents can be viewed by visiting the Advisor Fund Documents Page.
Performance
Annualized Rates of Return for periods ended March 31, 2024
| 1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|
| Canadian Equity Fund Series F $CAD | -0.09% | 3.37% | 11.86% | 7.25% |
| Canadian Equity Fund Series D $CAD | -0.39% | 3.06% | 11.52% | 6.90% |
| S&P/TSX Composite Index $CAD | 13.96% | 9.11% | 9.96% | 7.67% |
Calendar Year Returns
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Canadian Equity Fund Series F | 2.50% | -6.98% | 20.12% | 20.86% | 37.89% |
| Canadian Equity Fund Series D | 2.20% | -7.25% | 19.77% | 20.49% | 37.48% |
| S&P/TSX Composite Index | 11.75% | -5.84% | 25.09% | 5.60% | 22.88% |
Fund Holdings and Equity Sector Weights
North Growth Canadian Equity Fund - Top Holdings
Portfolio Date: March 31, 2024
| Ticker | Portfolio Weight | |
|---|---|---|
| TFI International | TFII | 9.15% |
| Leon's Furniture | LNF | 7.04% |
| Bombardier Cl B | BBD.B | 6.63% |
| Calian Group | CGY | 5.91% |
| Heroux-Devtek | HRX | 5.40% |
| ATS Corporation | ATS | 5.20% |
| CAE Inc. | CAE | 4.92% |
| Aritzia Inc | ATZ | 4.39% |
| Open Text Corp. | OTEX | 4.37% |
| Restaurant Brands | QSR | 3.44% |
North Growth Canadian 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
| Capital Gain,Expressed in Canadian Dollars | Capital Gain, As a Percentage of Unit Price | ||||
|---|---|---|---|---|---|
| Year | Date | Series F | Series D | Series F | Series D |
| 2021 | December 15 | 1.52 | 1.50 | 5.28% | 5.17% |
| 2020 | December 15 | 1.89 | 1.77 | 7.20% | 6.69% |
| 2019 | December 13 | 0.51 | 0.32 | 2.32% | 0.28% |
| 2018 | December 14 | 0.69 | 0.59 | 3.98% | 3.39% |
| 2017 | December 15 | 1.54 | 1.47 | 6.86% | 6.52% |
| 2016 | December 15 | 1.22 | 1.08 | 6.75% | 5.98% |
| 2015 | December 15 | - | - | - | - |
| 2014 | December 15 | 1.52 | 1.33 | 7.46% | 6.54% |
| 2013 | December 15 | 1.03 | 0.95 | 5.34% | 4.95% |
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. North Growth Canadian Equity Fund benchmark = S&P/TSX Composite Index.
The Morningstar Rating reflects how the Fund has performed on a risk-adjusted basis relative to the other funds in the Morningstar Canadian Small/Mid Cap Equity category, and is subject to change every month. Funds are ranked by their Morningstar Risk-Adjusted Return scores with the top 10% of funds in a category receiving 5 stars, the next 22.5% receiving 4 stars, a fund in the middle 35% receiving 3 stars, a fund in the next 22.5% receiving 2 stars and a fund in the bottom 10% receiving 1 star. The Fund received a 5 star rating for the 3 year time period ending March 31, 2024 among 206 funds in the category and a 5 star rating for the 5 year time period ending March 31, 2024 among 189 funds in the category and the 10 year time period among 145 funds in the category. The weighted average of these time-period ratings provide the Overall Morningstar Rating for the Fund shown above. For further details see www.morningstar.ca.