Morningstar RatingTM:
N/A
Portfolio Management Team:
Date of Inception:
September 1, 2000
Fund Size:
$44,854,306 (as of October 31, 2023)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
$23.27  CAD (as of December 8, 2023)
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 3 Years 5 Years 10 Years
Canadian Equity Fund Series N $CAD -5.5% 7.5% 8.4% 7.2%
Benchmark $CAD 0.4% 9.9% 8.0% 6.7%

Calendar Year Returns

  2022 2021 2020 2019 2018
Canadian Equity Fund Series N $CAD -7.3% 19.8% 20.5% 37.5% -17.8%
Benchmark $CAD -5.8% 25.1% 5.6% 22.9% -8.9%
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: October 31, 2023

  Ticker Portfolio Weight
TFI International TFII 7.32%
ATS Corporation ATS 6.00%
Leon's Furniture LNF 5.95%
Calian Group CGY 5.82%
CAE Inc. CAE 5.74%
Bombardier Cl B BBD.B 5.16%
Heroux-Devtek HRX 5.12%
Open Text Corp. OTEX 4.33%
Restaurant Brands QSR 3.36%
Knight Therapeutics GUD 3.32%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of October 31, 2023


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%