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NCM Norrep Fund
- Mutual Fund Trust
- CDN$
About the Fund
An All Cap Equity Fund with a focus on North American Dividend, managed by Michael Simpson, CFA.
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Current Price
Jan 19, 2022
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$34.54
-0.40% ($0.14)
Investment Managers
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Michael Simpson CFA
Portfolio Manager
Michael is an accomplished Portfolio Manager, having worked in the Investment industry for over 25 years. Michael is the lead Portfolio Manager for the All Cap North American Dividend Focused NCM Norrep Fund. Previously Michael was at Sentry Investments for 17 years as a Senior Vice President and Head of the Equity Income Group.
Michael employs an Income Free Cash Flow style that emphasizes the stability of cash flows and a growing dividend stream. As well, Michael checks and scrutinizes company balance sheets to see if there are any stress points.
Michael graduated with a Bachelor of Arts degree from York University and has completed both the Canadian Options Course and the Canadian Futures Course.
He also holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Canadian Securities Institute.
Fund Traits
Michael invests primarily in dividend champions. These are companies that pay a consistent dividend or have increased their dividend. The Fund uses the dividends to compound income over time.
Michael has over 25 years of experience in actively managing investments. He has seen multiple economic cycles and how markets react. He specializes in dividend and income-paying securities with a focus on free cash flow to sustain reliable dividends.
The Fund can invest up to 49% in U.S. equities based on Michael's market outlook. This gives diversification in the North American markets with an experienced Portfolio Manager.
NCM Norrep Fund invests with an all cap approach, adding more investment opportunities in the North American investment universe.
Compounded Returns (%) as at Dec 31, 2021
| 1 month | 3 month | 6 month | 1 year | 3 year* | 5 year* | 10 year* | 15 year* | 20 year* | S.I.* |
|---|---|---|---|---|---|---|---|---|---|
| 5.0% | 3.8% | 6.6% | 20.8% | 13.2% | 6.1% | 7.5% | 6.2% | 11.6% | 13.5% |
Annual Returns as at Dec 31, 2021
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000^ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20.8% | 3.3% | 16.1% | -13.0% | 6.5% | 6.2% | -0.2% | 0.5% | 31.3% | 10.0% | -4.3% | 30.8% | 62.8% | -51.1% | 19.9% | 25.7% | 32.4% | 25.0% | 43.9% | 20.7% | 23.5% | 41.1% |
as at Dec 31, 2021Dividends
| 2021 | 2020 | 2018 | 2017 | 2016 | 2014 | 2013 | 2011 | 2010 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Eligible Dividends | - | - | - | - | - | - | - | - | - | - | $0.15 |
| Capital Gains | $6.615 | $0.76 | $2.22 | $2.08 | $0.88 | $3.82 | $0.58 | $2.48 | $2.31 | $4.53 | $6.59 |
| Return of Capital | - | - | - | - | - | - | - | - | - | - | - |
| Total | $6.615 | $0.76 | $2.22 | $2.08 | $0.88 | $3.82 | $0.58 | $2.48 | $2.31 | $4.53 | $6.74 |
Growth of $10,000
Top 10 Holdings
as at Dec 31, 2021
- HoldingSector
- Alphabet IncCommunication Services
- Enghouse Systems LtdInformation Technology
- Granite REITReal Estate
- Hydro One LtdUtilities
- Intact Financial CorpFinancials
- HoldingSector
- Power Corp of CanadaFinancials
- Royal Bank of CanadaFinancials
- TELUS CorpCommunication Services
- Tourmaline Oil CorpEnergy
- Visa IncInformation Technology
Portfolio Allocation (%)
As of Dec 31, 2021
- Holding%
- Energy12.9
- Basic Materials8.9
- Industrials14.0
- Consumer Discretionary3.9
- Consumer Staples2.9
- Health Care5.1
- Financials19.5
- Information Technology9.5
- Communication Services6.7
- Utilities6.2
- Real Estate4.7
- Fixed Income0.6
- Cash5.2
Geographic Allocation (%)
As of Dec 31, 2021
- Holding%
- Canada68.4
- United States25.8
- Fixed Income0.6
- Cash5.2
Fund Allocation (%)
As of Dec 31, 2021
- Holding%
- Giant45.7
- Large24.8
- Mid14.6
- Small6.3
- Micro2.9
- Fixed Income0.6
- Cash5.2
Notes
*Annualized
^ 2000 return begins with April 12 inception
1. NCM Norrep Fund inception May 31, 1997, Public Inception Date listed.
Disclaimers
Except where indicated otherwise, A Series data, net of fees, * annualized.
On November 12, 2020, the investment objective of NCM Norrep Fund was changed from a focus on small capitalization Canadian equities to broader mandate focused on dividend-paying Canadian and U.S. equities of all capitalization. If the change had been in effect prior to November 12, 2020, 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.