Morningstar RatingTM:
N/A
Portfolio Management Team:
Date of Inception:
September 1, 2000
Fund Size:
$49,475,546 (as of April 30, 2024)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
$24.78  CAD (as of May 22, 2024)
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 Rates of Return for periods ended April 30, 2024

  1 Year 3 Years 5 Years 10 Years
Canadian Equity Fund Series N $CAD -1.67% 2.10% 10.46% 6.66%
S&P/TSX Composite Index $CAD 8.73% 7.59% 8.86% 7.22%

Calendar Year Returns

  2023 2022 2021 2020 2019
Canadian Equity Fund Series N 2.20% -7.25% 19.76% 20.50% 37.47%
S&P/TSX Composite Index 11.75% -5.84% 25.09% 5.60% 22.88%
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 Canadian Equity Fund - Top Holdings

Portfolio Date: April 30, 2024

  Ticker Portfolio Weight
Bombardier Cl B BBD.B 7.30%
Leon's Furniture LNF 7.21%
TFI International TFII 6.21%
Calian Group CGY 5.84%
Heroux-Devtek HRX 5.65%
ATS Corporation ATS 5.28%
CAE Inc. CAE 4.77%
Aritzia Inc ATZ 4.27%
Open Text Corp. OTEX 4.12%
Knight Therapeutics GUD 3.82%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of April 30, 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 Capital Gain Capital Gain
2021 December 15 1.52 5.39%
2020 December 15 1.89 7.32%
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 - -
2014 December 15 1.52 7.46%
2013 December 15 1.03 5.34%