Among the lowest fund management fees in Canada
North Growth’s all-inclusive management fees are among the lowest in Canada. There are no additional fees beyond the management fee. Our company absorbs all the accounting and legal expenses of the funds.
|North Growth Family of Funds||Management Fee|
|Canadian Equity Series N||1.00%|
|Canadian Money Market||0.25%|
If you are investing through your advisor, our fees are as low or lower:
|North Growth Advisor Funds||Management Fee||Trailing Commission|
|US Equity Advisor Fund Series F||0.70%||–|
|US Equity Advisor Fund Series D||0.70%||0.30%|
|Canadian Equity Fund Series F||0.70%||–|
|Canadian Equity Fund Series D||0.70%||0.30%|
North Growth charges 50% less
Compare our fees to the Canadian mutual fund industry average. According to Morningstar Canada, the average management expense ratio for Canadian managed equity funds is near 2.35% (July 20, 2016). That’s more than twice North Growth’s fee of 1.00%.
Look at the difference that 1.35% difference in fees can make to your investment:
THE 2.35% MANAGEMENT FEE SCENARIO
A $150,000 investment in an equity fund with an average annual return of 10% and 2.35% yearly management fee – net 7.65% return per year – would be worth $313,496 in 10 years.
THE NORTH GROWTH FEE SCENARIO
That same $150,000 investment at less than half the fee rate — 1.00% — would instead earn an 9.00% average annual return and be worth $355,105 in 10 years. A $41,609 difference.
Clearly, our low fees significantly improve investment results in the long-term. It’s all part of our mission to achieve the best results we can by focusing exclusively on fund management and helping our clients invest wisely.