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North Growth Canadian Equity Fund Series N

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Cdn Small/Mid Cap Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade E

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(11-19-2025) 		$31.20
Change
$0.26 (0.84%)

As at October 31, 2025

As at September 30, 2025

As at October 31, 2025

Period
Created with Highcharts 10.3.3Jul 2023Jul 2024Jul 2025Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Apr 2025Oct 2025Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025$10,000$8,000$12,000$14,000$16,000Period

Legend

North Growth Canadian Equity Fund Series N

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Fund Returns

Inception Return (June 15, 2012): 12.47%

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 2.93% 10.98% 35.20% 22.51% 26.62% 26.13% 14.57% 7.17% 14.58% 13.04% 13.19% 10.24% 12.62% 11.49%
Benchmark 2.30% 21.82% 40.75% 39.40% 38.43% 34.24% 21.95% 11.33% 18.69% 15.01% 12.60% 9.63% 9.19% 10.81%
Category Average 0.55% 9.62% 23.86% 18.76% 20.35% 24.24% 14.86% 6.74% 13.12% 11.37% 9.80% 7.62% 7.47% 7.96%
Category Rank 18 / 197 91 / 197 12 / 197 77 / 196 57 / 196 88 / 193 112 / 192 83 / 190 58 / 176 53 / 175 32 / 166 39 / 162 7 / 154 17 / 133
Quartile Ranking 1 2 1 2 2 2 3 2 2 2 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%15%
Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.05% -1.61% -0.57% -4.51% -5.74% 1.26% 9.49% 6.60% 4.37% 2.35% 5.34% 2.93%
Benchmark 2.69% -3.30% 0.65% -2.27% 2.56% -1.83% 7.20% 6.19% 1.50% 9.34% 8.91% 2.30%

Best Monthly Return Since Inception

19.22% (November 2020)

Worst Monthly Return Since Inception

-17.46% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%60%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -12.15% 3.09% 29.93% -17.76% 37.47% 20.49% 19.76% -7.25% 2.20% 15.70%
Benchmark -13.31% 38.48% 2.75% -18.17% 15.84% 12.87% 20.27% -9.29% 4.79% 18.83%
Category Average -6.13% 18.01% 3.43% -15.15% 16.59% 11.91% 22.35% -11.32% 6.49% 16.84%
Quartile Ranking 4 4 1 3 1 1 4 2 3 3
Category Rank 120/ 127 148/ 149 2/ 154 121/ 163 3/ 170 32/ 175 139/ 182 58/ 190 137/ 192 125/ 193

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 92.48
Cash and Equivalents 4.55
US Equity 2.98

Sector Allocation

Sector Allocation
Name Percent
Consumer Services 18.24
Industrial Goods 14.09
Consumer Goods 13.71
Technology 12.25
Real Estate 11.67
Other 30.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Bombardier Inc Cl B 9.74
Leon's Furniture Ltd 7.83
Bird Construction Inc 7.55
Constellation Software Inc 5.01
ATS Corp 4.90
Cash and Cash Equivalents 4.55
Aritzia Inc 3.52
CAE Inc 3.49
AutoCanada Inc 3.14
Canadian National Railway Co 3.09

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return10111213141516171819202122232425-20%-10%0%10%20%30%40%

North Growth Canadian Equity Fund Series N

Median

Other - Cdn Small/Mid Cap Equity

3 Yr Annualized

Standard Deviation 14.16% 17.14% 16.90%
Beta 0.70% 0.74% 0.60%
Alpha 0.00% 0.01% 0.05%
Rsquared 0.48% 0.56% 0.51%
Sharpe 0.75% 0.73% 0.62%
Sortino 1.51% 1.31% 0.88%
Treynor 0.15% 0.17% 0.17%
Tax Efficiency 89.61% 88.26% 87.72%
Volatility Volatility rating is 8 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 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.73% 14.16% 17.14% 16.90%
Beta 0.66% 0.70% 0.74% 0.60%
Alpha 0.03% 0.00% 0.01% 0.05%
Rsquared 0.39% 0.48% 0.56% 0.51%
Sharpe 1.41% 0.75% 0.73% 0.62%
Sortino 2.77% 1.51% 1.31% 0.88%
Treynor 0.34% 0.15% 0.17% 0.17%
Tax Efficiency 96.71% 89.61% 88.26% 87.72%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A1.9​1.919.7​19.70%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A1.7​1.78.8​8.80%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A0.9​0.97.3​7.30%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A7.4​7.462.6​62.60%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

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) $34

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 Management

Portfolio Manager

North Growth Management Ltd.

  • Erica Lau
  • Alex Joshi
  • Jorge Marques
Sub-Advisor

-

Management and Organization

Fund Manager

North Growth Management Ltd.
Custodian

RBC Investor Services Trust (Canada)
Registrar

North Growth Management Ltd.
Distributor

-

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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