The only mutual fund to use the time-tested CAN SLIM® investment system, developed by William O’Neill, founder of Investor’s Business Daily®. The fund applies a daily three-step investment process that seeks to participate in growth markets and preserve capital when bear market risk is high.
☑ Analyze market environment to determine proper equity exposure
☑ Select the best risk-adjusted CAN SLIM® growth stocks
☑ Manage risk daily by monitoring positions and scaling to cash
The fund will attempt to replicate the CAN SLIM® Select list. The list published by Investor’s Business Daily® on their website, www.investors.com, can be as much as 100% invested in rising markets and as little as 20% invested in declining markets. In rising markets, the list will comprise of nearly 100 stocks with each stock representing approximately 1% of fund assets. In declining markets, the list will shrink as stocks are sold to reduce market exposure.
Published by Investor’s Business Daily®, the CAN SLIM® Select List represents those companies that, according to the CAN SLIM® Select List, possess the seven most common characteristics that all great performing stocks have before they make their biggest gains.
2019 capital gains for the CAN SLIM Tactical Growth Fund were paid on November 21, 2019 to shareholders of record as of November 20, 2019.
Please reference the ‘Distribution Information’ section below for additional details.
CANGX | CAN SLIM® Tactical Growth Fund
Recent Performance
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Inception Date: 09/26/05* Symbol: CANGX |
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| CANGX | Morningstar Moderate Target Risk Index | S&P 500 Total Return Index |
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| Daily performance as of 10/23/20 |
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| NAV | $13.61 | N/A | N/A | |
| Daily Change | +$0.02 | N/A | N/A | |
| Daily % Change | +0.15% | +0.20% | +0.35% | |
| YTD 2020 | -1.31% | +4.37% | +8.88% | |
| Month-End performance as of 09/30/20 |
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| September 2020 (%) | -2.83% | -1.74% | -3.80% | |
| Calendar YTD (%) | -2.83% | +2.34% | +5.57% | |
| 1 Year (%) | +1.86% | +7.69% | +15.15% | |
| 5 Year Annualized Return (%) |
+6.38% | +8.13% | +14.15% | |
| 10 Year Annualized Return (%) |
+8.04% | +7.36% | +13.74% | |
| Annualized Since Inception (%) |
+5.57% | +6.47% | +9.27% | |
| Quarter-End performance as of 09/30/20 |
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| 3 Month (%) | +5.18% | +4.80% | +8.93% | |
| 1 Year (%) | +1.86% | +7.69% | +15.15% | |
| 5 Year Annualized Return (%) |
+6.38% | +8.13% | +14.15% | |
| 10 Year Annualized Return (%) |
+8.04% | +7.36% | +13.74% | |
| Annualized Since Inception (%) |
+5.57% | +6.47% | +9.27% | |
Performance data quoted represents past performance, past performance does not guarantee future returns. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-274-5448. The Fund imposes a 2.00% redemption fee on shares redeemed within 30 days. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced. Returns for the CAN SLIM® Tactical Growth Fund reflect a fee waiver in effect; in the absence of this waiver the returns would be reduced. Total return includes reinvestment of dividends and capital gains.
Gross Expense Ratio per the Fund’s most recent prospectus (dated 7/29/2020) is 1.95%.
The Morningstar Moderate Target Risk Index represents a portfolio of global equities, bonds, and traditional inflation hedges, such as commodities and TIPS. This portfolio is held in a static allocation of 60% equities and 40% fixed income, which is appropriate for U.S. investors who seek average exposure to equity market risk and returns. One cannot invest directly in an index. © 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Standard & Poor’s Stock Index (S&P 500) is an unmanaged index generally representative of the U.S. stock market, without regard to company size. The figures above reflect all dividends reinvested but do not reflect any deductions for fees, expenses, or taxes. One cannot invest directly in an index.
Returns for the CAN SLIM® Tactical Growth Fund reflect a fee waiver in effect; in the absence of this waiver the returns would be reduced. Total return includes reinvestment of dividends and capital gains.
Note: On 5/19/08, the Board of Directors appointed NorthCoast Asset Management as the new, interim investment advisor to the fund. NorthCoast became the permanent manager of the fund in September, 2008. NorthCoast is thrilled to have received the appointment and looks forward to serving shareholders and offering a disciplined long-term growth investment. NorthCoast has a long history of management using the CAN SLIM® System via our private clients business, and we are excited to bring that expertise to the shareholders of CSSGX (now CANGX). If you have any questions, please feel free to call 800-274-5448 anytime for more information.
Fund holdings as of 9/30/2020
President & CEO Dan Kraninger highlights the unique investment approach NorthCoast offers to investors.
About NorthCoast
NorthCoast Asset Management, the sub-advisor to the Fund was founded in 1988. The Fund was launched in 2005.
Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index used as a benchmark, since they are often considered to represent the market’s movement as a whole. The excess returns of a fund relative to the return of a benchmark index is the fund’s alpha.
The investment views and market opinions/analyses expressed herein may not reflect those of NorthCoast as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
The first and most important question to our investment process. Analyzing the the existing risks and opportunities is the first step in a three-step investment process at NorthCoast.
Is This a Good Time to Invest?
The investment views and market opinions/analyses expressed herein may not reflect those of NorthCoast as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
CEO Dan Kraninger and CIO Patrick Jamin introduce the tactical stock selection strategy, CAN SLIM®.
Managing Money with the CAN SLIM® Investment Program
GARP = Growth-At-a-Reasonable-Price
The investment views and market opinions/analyses expressed herein may not reflect those of NorthCoast as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies. To the extent that these materials contain statements about the future, such statements are forward looking and subject to a number of risks and uncertainties. Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
Click the thumbnails below to download pdf versions of informational strategy materials.
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| Quarterly Factsheet |
Objective
The CAN SLIM® Tactical Growth Fund seeks long-term capital appreciation
Symbol
CANGX
Morningstar Category
Allocation–85%+ Equity
Fund Data
| Total Net Assets | $47.0 M |
| Gross Expense Ratio | +1.80% |
| Net Expense Ratio | +1.43% |
| Inception Date | 9/26/05 |
| Minimum Investment (Brokerage Account) | $2,500 |
| Minimum Investment (IRA) | $2,000 |
| IRA Automatic Investment Plan | $250 |
The adviser has contractually agreed to reduce its fees and/or pay Fund expenses (excluding Acquired Fund Fees and Expenses, interest expense in connection with investment activities, taxes and extraordinary expenses) in order to limit Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the Fund to 1.39% of the Fund’s average net assets (the “Expense Cap”). The Expense Cap will remain in effect until at least July 31, 2020. The net expense ratio is applicable to investors.
Investment Advisor
NorthCoast Asset Management, LLC.
Account Types
All brokerage, retirement, and trust accounts welcome
CAN SLIM®, Investor’s Business Daily®, and IBD are registered trademarks owned by Investor’s Business Daily, Inc. and used here by NorthCoast Asset Management with permission. CAN SLIM® Private Clients is not sponsored by Investor’s Business Daily, Inc. or William J. O’Neil. and neither is recommending, advising or otherwise endorsing an investment in the offering.
Investing in the CAN SLIM® Tactical Growth Fund is easy. The prospectus and applications are available below in PDF. You can also obtain a free hard copy prospectus by calling 1-800-274-5448. Payment and completed applications may be mailed to one of the addresses below.
NorthCoast Mutual Funds
c/o U.S. Bancorp Fund Services, LLC
P.O. Box 701
Milwaukee, WI 53201-701
NorthCoast Mutual Funds
c/o U.S. Bancorp Fund Services, LLC
615 E. Michigan Street, 3rd floor
Milwaukee, WI 53202
2019 capital gains for the CAN SLIM Tactical Growth Fund were paid in the amount of $0.62949 on November 21, 2019 to shareholders of record as of November 20, 2019.
Ordinary Income Distribution Rate/Share: $ 0.04940
Short-Term Capital Gain Distribution Rate/Share: $ 0.42566
Long-Term Capital Gain Distribution Rate/Share: $ 0.15443
TOTAL/SHARE: $ 0.62949
Please refer to the summary and statutory prospectus [download pdf file] for important information about the investment company including investment objectives, risks, charges, and expenses. The prospectus may be obtained by clicking on the link above or, for hard copy, by calling 800-274-5448.
Mutual fund investing involves risk. Principal loss is possible. The Fund invests in small and medium-sized companies which tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in foreign securities involve greater volatility and political, economic, and currency risk and differences in accounting methods. These risks are greater for investments in emerging markets. The Fund will experience portfolio turnover, which may result in adverse tax consequences to the Fund’s shareholders. Because the Fund invests in ETFs, it is subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund’s ability to sell its shares.
“CAN SLIM®,” “Investor’s Business Daily®,” and “IBD®” are service marks and trademarks belonging to Data Analysis, Inc., and are used under license. The “CAN SLIM® Select” mark, along with the right to use the “CAN SLIM® Select List” has been licensed to the Adviser by IBD for use by the Fund under certain circumstances. The Fund is not sponsored, endorsed or sold by IBD.
The Funds are offered only to United States residents with a valid social security number, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
The CAN SLIM® Tactical Growth Fund is distributed by Quasar Distributors, LLC.
Privacy Policy
Each year the SEC requires our privacy policy be provided to all clients. As a reminder, we collect nonpublic personal information about you from the following sources: (i) information we receive from you on applications and other forms; and (ii) information about your transactions with us, our affiliates, or others. We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law. We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. Should you have any questions regarding our procedures or handling of your personal information, please call us anytime.
