- Morningstar RatingTM:
- N/A
- Portfolio Manager:
- Date of Inception:
- September 1, 2000
- Fund Size:
- $41,842,982 (as of April 30, 2020)
- Minimum Initial Purchase:
- $150,000
- RRSP/TFSA/RRIF Eligibility:
- Yes
- Management Expense Ratio:
- 1.00%
- Net Asset Value Per Unit:
- $20.41 CAD (as of June 1, 2020)
- Available Through an Advisor:
- No, see the Canadian Equity Fund, Series D and Series F
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 Canadian based corporations, 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 | |
|---|---|---|---|---|
| Canadian Equity Fund Series N $CAD | 10.1% | 2.9% | 5.6% | 4.4% |
| S&P TSX Index $CAD | -7.9% | 0.5% | 1.3% | 2.5% |
Calendar Year Returns
| 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|
| Canadian Equity Fund Series N $CAD | 37.5% | -17.8% | 29.9% | 3.1% | -12.2% |
| S&P TSX Index $CAD | 22.9% | -8.9% | 9.1% | 21.1% | -8.4% |
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 Canadian Equity Fund - Top Holdings
Portfolio Date: April 30, 2020
| Ticker | Portfolio Weight | |
|---|---|---|
| Ballard Power | BLDP | 9.38% |
| Open Text Corp. | OTEX | 6.39% |
| Zymeworks Inc | ZYME | 5.98% |
| ATS Automation Tooling Systems | ATA | 5.80% |
| CAE Inc. | CAE | 4.93% |
| Aritzia Inc | ATZ | 4.28% |
| Heroux-Devtek | HRX | 4.09% |
| Innergex Renewable Energy | INE | 3.82% |
| Sierra Wireless | SW | 3.56% |
| TFI International | TFII | 3.23% |
North Growth Canadian Equity Fund - Sectors
As of April 30, 2020
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
| Expressed in Canadian Dollars | As a Percentage of Unit Price | ||
|---|---|---|---|
| Year | Date | Capital Gain | Capital Gain |
| 2019 | December 13 | 0.51 | 2.34% |
| 2018 | December 14 | 0.69 | 4.02% |
| 2017 | December 15 | 1.54 | 6.90% |
| 2016 | December 15 | 1.22 | 6.77% |
| 2015 | December 15 | - | 0.00% |
| 2014 | December 15 | 1.52 | 7.46% |
| 2013 | December 15 | 1.03 | 5.34% |