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Morningstar RatingTM:
Series F 3 out of 3 stars (May 31, 2022)
Series D 3 out of 3 stars (May 31, 2022)
Portfolio Management Team:
Date of Inception:
October 23, 2009
Fund Size:
$74,939,932 (as of May 31, 2022)
Minimum Purchase:
$500 per account
RRSP/TFSA/RRIF Eligibility:
Yes
Management Fee:
0.70%
Trailer Fee:
    • 0.00% (Series F)
    0.30% (Series D)
Net Asset Value Per Unit:
Series F $34.65  CAD (as of June 24, 2022)
$26.79  USD
Series D $34.79  CAD (as of June 24, 2022)
$26.90  USD
Fund Codes:
Series F NGM 370 (CAD) NGM 371 (USD)
Series D NGM 372 (CAD) NGM 373 (USD)
Available Through an Advisor:
Through registered dealers, FundSERV purchases only.
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 U.S. based companies, 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
U.S. Equity Advisor Fund Series F $CAD -11.7% 11.3% 10.0% 14.5%
U.S. Equity Advisor Fund Series D $CAD -11.9% 11.0% 9.7% 14.1%
S&P 500 Index $CAD 4.3% 13.9% 11.9% 16.7%

Calendar Year Returns

  2021 2020 2019 2018 2017
U.S. Equity Advisor Fund Series F $CAD 17.7% 27.3% 21.7% 2.7% 16.7%
U.S. Equity Advisor Fund Series D $CAD 17.4% 27.0% 21.3% 2.4% 16.3%
S&P 500 Index $CAD 28.2% 16.1% 25.2% 4.0% 13.8%

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 U.S. Equity Advisor Fund Series F - Top Holdings

Portfolio Date: May 31, 2022

  Ticker Portfolio Weight
Ciena CIEN 4.86%
Jabil JBL 4.60%
Lumentum LITE 3.90%
Qualcomm QCOM 3.81%
HP HPQ 3.76%
Bristol-Myers Squibb BMY 3.71%
II-VI IIVI 3.71%
Applied Materials AMAT 3.42%
Anthem ANTM 3.19%
SolarEdge SEDG 2.78%
Source: North Growth Management

North Growth U.S. Equity Advisor Fund Series F - Sectors

As of May 31, 2022


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

  Series F Series D Series F Series D
  Expressed in Canadian Dollars As a Percentage of Unit Price
Year Date FX Rate Foreign Income Capital Gain Foreign Income Capital Gain Foreign Income Capital Gain Foreign Income Capital Gain
2021 December 15 1.2893 0.03 2.86 - 2.65 0.06% 5.98% - 5.56%
2020 December 15 1.2722 0.16 5.94 0.04 5.94 0.34% 12.95% 0.08% 12.92%
2019 December 13 1.3183 0.22 - 0.12 - 0.60% - 0.31% -
2018 December 14 1.3379 0.15 2.18 0.05 2.18 0.47% 6.66% 0.16% 6.66%
2017 December 15 1.2834 0.39 2.23 0.27 2.23 1.12% 6.36% 0.78% 6.37%
2016 December 15 1.3347 0.26 0.39 0.17 0.39 0.85% 1.28% 0.56% 1.28%
2015 December 15 1.3738 0.08 0.17 - 0.12 0.29% 0.58% - 0.42%
2014 December 15 1.1656 0.03 0.18 - 0.03 0.14% 0.74% - 0.13%
2013 December 15 1.0636 0.03 0.27 - 0.19 0.16% 1.38% - 0.94%

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The Morningstar Rating reflects how the Fund has performed on a risk-adjusted basis relative to the other funds in the Morningstar US Equity category, and is subject to change every month. Funds are ranked by their Morningstar Risk-Adjusted Return scores with the top 10% of funds in a category receiving 5 stars, the next 22.5% receiving 4 stars, a fund in the middle 35% receiving 3 stars, a fund in the next 22.5% receiving 2 stars and a fund in the bottom 10% receiving 1 star. The Fund received a 4 star rating for the 3 year time period ending May 31, 2022 among 304 funds in the category, a 4 star rating for the 5 year time period ending May 31, 2022 among 267 funds in the category and a 4 star rating for the 10 year time period ending May 31, 2022 among 179 funds in the category. The weighted average of these time-period ratings provide the Overall Morningstar Rating for the Fund shown above. For further details see www.morningstar.ca.