Morningstar RatingTM:
Series F 3 out of 3 stars (September 30, 2019)
Series D 3 out of 3 stars (September 30, 2019)
Portfolio Managers:
Date of Inception:
October 24, 2009
Fund Size:
$70,945,093 (as of September 30, 2019)
Minimum Initial Purchase:
$5,000 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 $34.66  CAD (as of October 21, 2019)
$26.46  USD
Series D $34.70  CAD (as of October 21, 2019)
$26.49  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, with minimum initial investment of $5,000 and minimum subsequent investment of $1,000.
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 2 Years 3 Years 5 Years
U.S. Equity Advisor Fund Series F $CAD 6.7% 12.0% 11.8% 12.7%
U.S. Equity Advisor Fund Series D $CAD 6.3% 11.7% 11.5% 12.4%
S&P 500 Index $CAD 6.7% 14.2% 13.8% 14.6%

Calendar Year Returns

  2018 2017 2016 2015 2014
U.S. Equity Advisor Fund Series F $CAD 2.7% 16.7% 3.7% 20.6% 21.4%
U.S. Equity Advisor Fund Series D $CAD 2.4% 16.3% 3.4% 20.2% 20.9%
S&P 500 Index $CAD 4.0% 13.8% 8.6% 21.0% 24.0%

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

Portfolio Date: September 30, 2019

  Ticker Portfolio Weight
Cisco Systems CSCO 5.38%
First Solar Inc. FSLR 3.82%
Intel INTC 3.61%
Applied Materials AMAT 3.53%
Jabil JBL 3.24%
American Eagle Outfitters AEO 3.03%
Ciena CIEN 2.88%
SolarEdge SEDG 2.88%
Apple AAPL 2.76%
Itron Inc. ITRI 2.73%
Source: North Growth Management

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

As of September 30, 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

  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
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 Investment Growth chart and Performance returns are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the investment fund or returns on investment in the investment fund.

The Morningstar Rating reflects how a fund has performed on a risk-adjusted basis against its Morningstar category peers 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. Funds are rated for up to three time periods: 3, 5 and 10 years. These ratings are combined to provide an Overall Star Rating for a fund. Overall ratings are adjusted where a fund has less than 5 or 10 years of history. For further details see www.morningstar.ca.