- Morningstar RatingTM:
-
Series F 
(October 31, 2023) Series D (October 31, 2023) - Portfolio Management Team:
- Date of Inception:
- October 23, 2009
- Fund Size:
- $48,243,334 (as of October 31, 2023)
- 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 $41.79 CAD (as of December 8, 2023) $30.76 USD Series D $41.88 CAD (as of December 8, 2023) $30.82 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 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.
The Fund’s Simplified Prospectus, Fund Facts and other fund documents can be viewed by visiting the Advisor Fund Documents Page.
Performance
Annualized Trailing Returns
| 1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|
| U.S. Equity Advisor Fund Series F $CAD | 9.0% | 4.6% | 8.9% | 11.7% |
| U.S. Equity Advisor Fund Series D $CAD | 8.7% | 4.3% | 8.6% | 11.3% |
| S&P 500 Index $CAD | 11.9% | 11.9% | 12.2% | 14.4% |
Calendar Year Returns
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| U.S. Equity Advisor Fund Series F $CAD | -18.5% | 17.7% | 27.3% | 21.7% | 2.7% |
| U.S. Equity Advisor Fund Series D $CAD | -18.8% | 17.4% | 27.0% | 21.3% | 2.4% |
| S&P 500 Index $CAD | -12.5% | 28.2% | 16.1% | 25.2% | 4.0% |
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: October 31, 2023
| Ticker | Portfolio Weight | |
|---|---|---|
| Jabil | JBL | 8.95% |
| Ciena | CIEN | 5.14% |
| Applied Materials | AMAT | 4.98% |
| Motorola Solutions | MSI | 3.65% |
| Qualcomm | QCOM | 2.98% |
| Elevance Health | ELV | 2.91% |
| HP | HPQ | 2.91% |
| Jacobs Solutions | J | 2.85% |
| Coherent | COHR | 2.67% |
| Global Payments | GPN | 2.59% |
North Growth U.S. Equity Advisor Fund Series F - Sectors
As of October 31, 2023
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 3 star rating for the 3 year time period ending October 31, 2023 among 308 funds in the category, a 3 star rating for the 5 year time period ending October 31, 2023 among 274 funds in the category and a 3 star rating for the 10 year time period ending October 31, 2023 among 191 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.