NCM Core International

  • Mutual Fund Corporation
  • CDN$

About the Fund

An international equity fund offering broad exposure to global markets outside of Canada and the United States, through a diversified portfolio of primarily large and mid capitalization companies

  • Current Price

    Jun 30, 2022

  • $20.69

    -0.79% ($0.16)

Investment Managers

  • Phil D’Iorio

    Portfolio Manager, U.S Equity - Cumberland Investment Counsel Inc. Affiliate of NCM Asset Management

Fund Traits

  1. A concentrated international equity portfolio of world-class companies that are leaders in their respective businesses with strong balance sheets and growing cash flows

  2. The Fund uses a Growth At a Reasonable Price (“GARP”) approach to investments as a primary method to securities selection. This involves searching for companies exhibiting superior long-term earnings and cash flow per share growth and holding a strong position in the market in which they operate, quality management, and balance sheet strength

  3. Run by a highly experienced team employing a disciplined approach to portfolio management

Compounded Returns (%) as at May 31, 2022

1 month 3 month 6 month 1 year 3 year* 5 year* 10 year* 15 year* S.I.*
-5.0%-10.3%-19.0%-7.4%6.4%3.2%11.4%6.4%6.8%

Annual Returns as at May 31, 2022

YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
-22.2% 25.8% 6.3% 28.4% -11.5% 3.0% 16.3% 10.9% 22.5% 36.4% 19.0% -11.4% 23.6% 7.4% -18.0% -14.6% 13.7%

as at May 31, 2022Dividends

2021 2020 2019 2018 2017 2016 2015 2014 2013
Eligible Dividends $0.451$0.492$0.48$0.40$0.12$0.468$0.46$1.22$0.39
Capital Gains ---$0.08$0.35--$0.34-
Return of Capital ---------
Total $0.451 $0.492 $0.48 $0.48 $0.47 $0.468 $0.46 $1.56 $0.39

Growth of $10,000

Top 10 Holdings

as at May 31, 2022
  • HoldingSector
  • Accenture PLCInformation Technology
  • Air Liquide SAMaterials
  • Aon PLCFinancials
  • Diageo PLCCons. Staples
  • DSV A/SIndustrials
  • HoldingSector
  • EssilorLuxottica SAConsumer Discretionary
  • L'Oreal SAConsumer Staples
  • Novo Nordisk A/SHealth Care
  • Sika AGMaterials
  • TeleperformanceIndustrials

Portfolio Allocation (%)

As of May 31, 2022
  • Holding%
  • Basic Materials10.7
  • Industrials21.4
  • Consumer Discretionary9.8
  • Consumer Staples10.4
  • Health Care16.6
  • Financials9.0
  • Information Technology12.0
  • Cash10.1

Geographic Allocation (%)

As of May 31, 2022
  • Holding%
  • Europe82.7
  • Asia7.1
  • Cash10.1

Fund Allocation (%)

As of May 31, 2022
  • Holding%
  • Giant56.0
  • Large30.7
  • Mid3.2
  • Small0.0
  • Cash10.1
Notes

* Annualized

Disclaimer

Except where indicated otherwise, F Series data, net of fees, * annualized.

On November 1, 2021, the investment objective of NCM Core International (formerly, Core American) was changed from investing primarily in a diversified portfolio of dividend-paying U.S. equity securities and classified in the CIFSC category as U.S. Equity into its current CIFSC category of International Equity, investing primarily in publicly-traded equity securities of companies based outside of Canada and the United States. If the change had been in effect prior to November 1st, 2021, the Fund’s performance could have been materially different.

Past performance is no guarantee of future results. 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 share value and reinvestment of all dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.