0001752724-22-024715.txt : 20220211
0001752724-22-024715.hdr.sgml : 20220211
20220210175842
ACCESSION NUMBER: 0001752724-22-024715
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20211130
FILED AS OF DATE: 20220211
DATE AS OF CHANGE: 20220210
EFFECTIVENESS DATE: 20220211
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORTH COUNTRY FUNDS
CENTRAL INDEX KEY: 0001123460
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-10123
FILM NUMBER: 22615667
BUSINESS ADDRESS:
STREET 1: GEMINI FUND SERVICES, LLC.
STREET 2: 450 WIRELESS BOULEVARD
CITY: HAUPPAUGE
STATE: NY
ZIP: 11788
BUSINESS PHONE: 631-470-2600
MAIL ADDRESS:
STREET 1: GEMINI FUND SERVICES, LLC.
STREET 2: 450 WIRELESS BOULEVARD
CITY: HAUPPAUGE
STATE: NY
ZIP: 11788
0001123460
S000011072
The North Country Large Cap Equity Fund
C000030518
The North Country Large Cap Equity Fund
NCEGX
0001123460
S000011073
The North Country Intermediate Bond Fund
C000030519
The North Country Intermediate Bond Fund
NCBDX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0001123460
XXXXXXXX
811-10123
N-1A
S000011073
C000030519
S000011072
C000030518
North Country Funds
811-10123
0001123460
549300TC2FNUIB870520
80 ARKAY DR
HAUPPAUGE
11788
US-NY
US
631-470-2600
Ultimus Fund Solutions, LLC
225 Pictoria Drive
Suite 450
Cincinnati
GB
45246
631-490-4300
Fund Accounting and Transfer Agent Records
N
N
N
N-1A
2
Y
Thomas L. Hoy
N/A
Y
John C. Olsen
N/A
N
Amie Gonzales
N/A
N
James E. Amell
N/A
N
John E. Arsenault
N/A
Y
Keith P. McAfee
N/A
N
James Ash
N/A
4221 N. 203rd Street
Suite 100
Elkhorn
68022
XXXXXX
N
N
N
N
N
N
N
Northern Lights Distributors, LLC
8-065857
N/A
N/A
Y
N
Cohen & Company, LTD.
925
N/A
N
N
N
N
N
N
N
The North Country Intermediate Bond Fund
S000011073
549300SW237ZUPFTZ413
N
0
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
Y
Y
N
N
North Country Investment Advisers, Inc.
801-58290
000112554
N/A
N
Ultimus Fund Solutions, LLC
84-05829
N/A
N
N
N
ICE Data Services
N/A
N
N
THE BANK OF NEW YORK MELLON
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC
84-05829
Filing Number
N
N
N
Ultimus Fund Solutions, LLC
84-05829
Filing Number
N
N
N
0.00000000
MARKETAXESS
8-50727
000044542
GPSMMRI21JE7ZCVYF972
9145970.56000000
9145970.56000000
N
88848518.00000000
N
N
N
N
The North Country Equity Growth Fund
S000011072
549300WVJUIGLLMN1A93
N
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
N
N
N
N
North Country Investment Advisers, Inc.
801-58290
000112554
N/A
N
Ultimus Fund Solutions, LLC
84-05829
N/A
N
N
N
ICE Data Services
N/A
N
N
THE BANK OF NEW YORK MELLON
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Ultimus Fund Solutions, LLC
84-05829
Filing Number
N
N
N
Ultimus Fund Solutions, LLC
84-05829
Filing Number
N
N
N
PIPER SANDLER
8-15204
000000665
549300GRQCWQ3XGH0H10
151.19999999
CAPITAL INSTITUTIONAL SERVICES (CAPIS)
8-22273
000007551
54930061X8RDWFDJIS05
2887.30000000
3038.50000000
0.00000000
N
164098369.95000000
N
N
N
N
true
INTERNAL CONTROL RPT
2
Internal_Control_Letter.txt
NORTH COUNTRY IC LETTER
REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
To the Shareholders and Board of Trustees of
The North Country Funds
In planning and performing our audit of the financial
statements of The North Country Funds comprising North
Country Large Cap Equity Fund and North Country
Intermediate Bond Fund (the "Funds") as of and for the year
ended November 30, 2021, in accordance with the standards
of the Public Company Accounting Oversight Board (United
States) (PCAOB), we considered the Funds' internal control
over financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-
CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Funds' internal control over financial
reporting. Accordingly, we express no such opinion.
The management of the Funds is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls. A fund's
internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles (GAAP). A fund's
internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the
fund; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with GAAP, and that receipts and
expenditures of the fund are being made only in accordance
with authorizations of management and Trustees of the fund;
and (3) provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or
disposition of a fund's assets that could have a material effect
on the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of
performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a
deficiency, or combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable
possibility that a material misstatement of the Funds' annual
or interim financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Funds' internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control that might be material weaknesses under
standards established by the PCAOB. However, we noted no
deficiencies in the Funds' internal control over financial
reporting and its operation, including controls over
safeguarding securities, that we consider to be a material
weakness as defined above as of November 30, 2021.
This report is intended solely for the information and use of
management and the Board of Trustees of the Funds and the
Securities and Exchange Commission and is not intended to
be and should not be used by anyone other than these
specified parties.
/s/COHEN & COMPANY, LTD.
Cleveland, Ohio
January 24, 2022