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North Growth Canadian Equity Fund Series N

Cdn Small/Mid Cap Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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Fundata ESG GradeE Click for more information on Fundata’s ESG Grade

Fundata ESG Grade E

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2020

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NAVPS
(04-17-2024)
$24.22
Change
-$0.18 (-0.74%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

North Growth Canadian Equity Fund Series N

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Fund Returns

Inception Return (June 15, 2012): 11.26%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.87% 3.53% 8.92% 3.53% -0.39% 0.06% 3.06% 15.04% 11.52% 8.46% 9.60% 10.38% 7.31% 6.99%
Benchmark 7.49% 7.92% 14.37% 7.92% 8.22% -2.72% 3.99% 22.48% 7.82% 6.15% 4.23% 7.10% 5.60% 3.95%
Category Average 2.60% 14.10% 14.10% 6.51% 10.11% 0.73% 4.35% 17.73% 7.77% 6.08% 4.99% 6.38% 4.84% 4.30%
Category Rank 208 / 217 211 / 214 209 / 213 211 / 214 207 / 213 136 / 211 126 / 201 158 / 193 39 / 185 61 / 177 10 / 167 10 / 165 39 / 141 29 / 136
Quartile Ranking 4 4 4 4 4 3 3 4 1 2 1 1 2 1

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -1.23% -1.16% 3.54% -1.53% -3.91% -4.37% -6.27% 6.49% 5.39% 0.83% 1.79% 0.87%
Benchmark -1.16% -4.06% 0.59% 6.09% -1.31% -5.24% -2.58% 4.84% 3.76% -0.37% 0.77% 7.49%

Best Monthly Return Since Inception

19.22% (November 2020)

Worst Monthly Return Since Inception

-17.46% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 19.35% -12.15% 3.09% 29.93% -17.76% 37.47% 20.49% 19.76% -7.25% 2.20%
Benchmark -2.34% -13.31% 38.48% 2.75% -18.17% 15.84% 12.87% 20.27% -9.29% 4.79%
Category Average 3.45% -6.13% 18.01% 3.43% -15.15% 16.59% 11.91% 22.35% -11.32% 6.49%
Quartile Ranking 1 4 4 1 3 1 1 4 2 3
Category Rank 7/ 135 131/ 140 161/ 162 4/ 167 131/ 177 3/ 184 34/ 189 154/ 201 62/ 210 154/ 213

Best Calendar Return (Last 10 years)

37.47% (2019)

Worst Calendar Return (Last 10 years)

-17.76% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 91.45
Cash and Equivalents 6.21
US Equity 2.34

Sector Allocation

Sector Allocation
Name Percent
Industrial Services 22.73
Consumer Services 16.87
Technology 12.09
Consumer Goods 11.71
Industrial Goods 11.25
Other 25.35

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
TFI International Inc 8.64
Leon's Furniture Ltd 7.07
Calian Group Ltd 6.26
Cash & Equivalents 6.21
ATS Corp 5.94
Bombardier Inc Cl B 5.70
Heroux Devtek Inc 5.55
CAE Inc 4.54
Open Text Corp 4.41
Aritzia Inc 4.29

Equity Style

Market capitalization is medium. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

North Growth Canadian Equity Fund Series N

Median

Other - Cdn Small/Mid Cap Equity

3 Yr Annualized

Standard Deviation 16.16% 19.29% 16.86%
Beta 0.69% 0.62% 0.59%
Alpha 0.01% 0.06% 0.05%
Rsquared 0.50% 0.64% 0.50%
Sharpe 0.10% 0.56% 0.40%
Sortino 0.12% 0.81% 0.47%
Treynor 0.02% 0.18% 0.12%
Tax Efficiency 41.55% 84.08% 77.78%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.51% 16.16% 19.29% 16.86%
Beta 0.57% 0.69% 0.62% 0.59%
Alpha -0.05% 0.01% 0.06% 0.05%
Rsquared 0.35% 0.50% 0.64% 0.50%
Sharpe -0.32% 0.10% 0.56% 0.40%
Sortino -0.27% 0.12% 0.81% 0.47%
Treynor -0.08% 0.02% 0.18% 0.12%
Tax Efficiency - 41.55% 84.08% 77.78%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date June 15, 2012
Instrument Type Mutual Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $39

Fund Codes

FundServ Code Load Code Sales Status
NGM271

Investment Objectives

The objective of the Fund is to achieve long-term growth through capital appreciation by investing in equity securities of Canadian high potential growth companies.

Investment Strategy

The Fund will pursue its objective by investing primarily in equity securities of Canadian corporations.

Portfolio Manager(s)

Name Start Date
Alex Joshi 01-08-2021
Jorge Marques 01-08-2021
Erica Lau 01-08-2021

Management and Organization

Fund Manager North Growth Management Ltd.
Advisor North Growth Management Ltd.
Custodian RBC Investor Services Trust (Canada)
Registrar North Growth Management Ltd.
Distributor -
Auditor Deloitte & Touche LLP, Chartered Accountants

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.00%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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