As of June 1st, the office is now open again by appointment only. Please contact us at 604-688-5400 or by email: info@northgrowth.com.

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Morningstar RatingTM:
4 out of 4 stars (April 30, 2020)
Portfolio Managers:
Date of Inception:
October 13, 1992
Fund Size:
$528,679,132 (as of April 30, 2020)
Minimum Initial Purchase:
$150,000
RRSP/TFSA/RRIF Eligibility:
Yes
Management Expense Ratio:
1.00%
Net Asset Value Per Unit:
  • $50.59  CAD (as of June 1, 2020)
  • $37.12  USD (as of June 1, 2020)
Available Through an Advisor:
No, see the U.S. Equity Advisor Fund
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 5 Years 10 Years 15 Years 20 Years
U.S. Equity Fund $CAD 2.9% 10.4% 13.4% 9.1% 9.8%
S&P 500 Index $CAD 4.5% 12.3% 15.3% 9.3% 5.3%

Calendar Year Returns

  2019 2018 2017 2016 2015
U.S. Equity Fund $CAD 21.5% 3.0% 16.1% 3.8% 20.8%
S&P 500 Index $CAD 25.2% 4.0% 13.8% 8.6% 21.0%

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 Fund - Top Holdings

Portfolio Date: April 30, 2020

  Ticker Portfolio Weight
Ciena CIEN 5.71%
SolarEdge SEDG 4.10%
Intel INTC 3.92%
Cisco Systems CSCO 3.73%
Applied Materials AMAT 3.38%
Bristol-Myers Squibb BMY 3.05%
First Solar Inc. FSLR 3.01%
Amgen AMGN 3.01%
II-VI IIVI 2.86%
Jabil JBL 2.84%
Source: North Growth Management

North Growth U.S. Equity Fund - Sectors

As of April 30, 2020


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

  Expressed in Canadian Dollars As a Percentage of Unit Price
Year Date FX Rate Foreign Income Capital Gain Foreign Income Capital Gain
2019 December 13 1.3183 0.16 0.14 0.32% 0.28%
2018 December 14 1.3379 0.07 6.98 0.16% 14.57%
2017 December 15 1.2834 0.53 8.23 0.94% 14.67%
2016 December 15 1.3347 0.36 2.11 0.71% 4.22%
2015 December 15 1.3738 0.09 1.60 0.18% 3.25%
2014 December 15 1.1656 0.06 1.66 0.14% 3.99%
2013 December 15 1.0636 0.10 1.26 0.30% 3.63%