Morningstar RatingTM:
N/A
Portfolio Manager:
Date of Inception:
September 1, 2000
Fund Size:
$43,146,324 (as of March 31, 2019)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
$19.14  CAD
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 consistent, superior, long term returns 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 -5.7% 5.0% 8.5% 2.6%
S&P TSX Index $CAD 8.1% 4.9% 9.3% 5.4%

Calendar Year Returns

  2018 2017 2016 2015 2014
Canadian Equity Fund Series N $CAD -17.8% 29.9% 3.1% -12.2% 19.4%
S&P TSX Index $CAD -8.9% 9.1% 21.1% -8.4% 10.6%

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: March 31, 2019

  Ticker Portfolio Weight
Ballard Power BLDP 8.61%
CAE Inc. CAE 6.16%
Open Text Corp. OTEX 6.04%
Bombardier Cl B BBD.B 6.04%
Heroux-Devtek HRX 5.62%
ATS Automation Tooling Systems ATA 5.35%
Sierra Wireless SW 4.36%
EXFO Inc. EXF 3.97%
Hydrogenics HYG 3.95%
Magellan MAL 2.88%
Source: North Growth Management

North Growth Canadian Equity Fund - Sectors

As of March 31, 2019


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
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%