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 |
|---|---|
| US Equity | 1.00% |
| 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 1.98% (September 17, 2019). That’s almost twice North Growth’s fee of 1.00%.
Look at the difference that 0.98% difference in fees can make to your investment:
THE 1.98% MANAGEMENT FEE SCENARIO
A $150,000 investment in an equity fund with an average annual return of 10% and 1.98% yearly management fee — net 8.02% return per year — would be worth $324,439 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 $30,666 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.