Morningstar RatingTM:
Series F (January 31, 2019)
Series D (January 31, 2019)
Portfolio Managers:
Date of Inception:
October 24, 2009
Fund Size:
$68,315,785 (as of January 31, 2019)
Minimum Initial Purchase:
$5,000
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 $32.84  CAD $24.94  USD
Series D $32.95  CAD $25.02  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 consistent, superior, long term returns according to our “Growth at a Reasonable Price” philosophy. The Fund invests in equity securities of U.S. 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 6.2% 12.5% 11.2% 13.5%
U.S. Equity Advisor Fund Series D $CAD 5.9% 12.2% 10.9% 13.1%
S&P 500 Index $CAD 4.5% 11.7% 11.6% 14.7%

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: January 31, 2019

  Ticker Portfolio Weight
Cisco Systems CSCO 5.16%
First Solar Inc. FSLR 4.01%
Celgene CELG 3.44%
Intel INTC 3.31%
Applied Materials AMAT 3.09%
American Eagle Outfitters AEO 3.08%
Ciena CIEN 2.59%
Gilead Sciences Inc. GILD 2.48%
Amgen AMGN 2.45%
Jabil JBL 2.38%
Source: North Growth Management

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

As of January 31, 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%