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Morningstar RatingTM:
N/A
Portfolio Management Team:
Date of Inception:
September 1, 2000
Fund Size:
$65,374,086 (as of May 31, 2022)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
$22.95  CAD (as of June 24, 2022)
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 -2.4% 16.6% 13.0% 9.6%
Benchmark $CAD 7.9% 20.2% 12.2% 9.4%

Calendar Year Returns

  2021 2020 2019 2018 2017
Canadian Equity Fund Series N $CAD 19.8% 20.5% 37.5% -17.8% 29.9%
Benchmark $CAD 25.1% 5.6% 22.9% -8.9% 9.1%
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: May 31, 2022

  Ticker Portfolio Weight
ATS Automation Tooling Systems ATA 6.81%
Calian Group CGY 6.30%
TFI International TFII 5.93%
Aritzia Inc ATZ 5.81%
Intertape Polymer ITP 5.68%
CAE Inc. CAE 4.75%
Leon's Furniture LNF 4.51%
Heroux-Devtek HRX 4.16%
IBI Group IBG 4.10%
TELUS Corp. T 3.61%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of May 31, 2022


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%