- Morningstar RatingTM:
- N/A
- Portfolio Management Team:
- Date of Inception:
- October 13, 1992
- Fund Size:
- $557,121,756 (as of October 31, 2023)
- Minimum Initial Purchase:
- $150,000
- RRSP/TFSA/RRIF Eligibility:
- Yes
- Management Expense Ratio:
- 1.00%
- Net Asset Value Per Unit:
-
- $53.46 CAD (as of December 8, 2023)
- $39.34 USD (as of December 8, 2023)
- 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 | 8.8% | 8.7% | 11.6% | 12.4% | 8.8% |
S&P 500 Index $CAD | 11.9% | 12.2% | 14.4% | 13.6% | 9.6% |
Calendar Year Returns
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
U.S. Equity Fund $CAD | -19.1% | 17.9% | 26.9% | 21.5% | 3.0% |
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 Fund - Top Holdings
Portfolio Date: October 31, 2023
Ticker | Portfolio Weight | |
---|---|---|
Jabil | JBL | 9.01% |
Ciena | CIEN | 5.15% |
Applied Materials | AMAT | 4.98% |
Motorola Solutions | MSI | 3.65% |
Qualcomm | QCOM | 2.97% |
Elevance Health | ELV | 2.91% |
HP | HPQ | 2.91% |
Jacobs Solutions | J | 2.85% |
Coherent | COHR | 2.66% |
Global Payments | GPN | 2.60% |
North Growth U.S. Equity Fund - 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
Expressed in Canadian Dollars | As a Percentage of Unit Price | |||||
---|---|---|---|---|---|---|
Year | Date | FX Rate | Foreign Income | Capital Gain | Foreign Income | Capital Gain |
2022 | December 15 | - | - | - | - | - |
2021 | December 15 | 1.2893 | - | 5.28 | - | 8.39% |
2020 | December 15 | 1.2722 | 0.03 | 8.86 | 0.04% | 14.46% |
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% |