As of June 1st, the office is now open again by appointment only. Please contact us at 604-688-5400 or by email: info@northgrowth.com.

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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%
Source: North Growth Management

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%