Investment Objective
The fund's investment objective is to ensure long-term capital growth by replicating the performance of the Morningstar® Developed Markets ex-North America Large Cap Index**, an index of large-capitalization companies located in those markets. To do this, the fund invests directly, or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a portfolio composed mainly of shares of companies located outside of North America.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Annually
Assets Under Management ($M):
$158.3
Price per Unit:
$13.52
Inception Date:
May 12, 2021
Value of $10,000 since inception:
$14,589
Benchmark Index:
Morningstar® Developed Markets ex-North America Large Cap Index
Management Fee:
0.30%
MER:
0.50%
Portfolio Manager:
National Bank Investments Inc.
Available Fund Codes:
| Investor Series | NBC355 |
Portfolio Asset Mix
(% of Net Assets)
| European Union | 54.60% |
| Japan | 23.63% |
| Other | 10.59% |
| Asia/Pacific Rim | 10.42% |
| Africa and Middle East | 0.69% |
| Canada | 0.07% |
| Sector Allocation | % |
|---|---|
| Financial Services | 25.83 |
| Consumer Goods & Services | 19.92 |
| Industrial Goods & Services | 17.18 |
| Healthcare | 10.86 |
| Technology | 7.79 |
| Basic Materials | 4.52 |
| Energy | 4.30 |
| Utilities | 3.33 |
| Telecommunications | 3.11 |
| Real Estate | 3.07 |
| Other | 0.09 |
| Dividend Yield (Trailing Yield) | 3.02 |
| Top Holdings | % |
|---|---|
| iShares MSCI EAFE ETF (EFA) | 3.21 |
| Sap SE | 1.71 |
| ASML Holding NV | 1.58 |
| AstraZeneca PLC | 1.31 |
| Nestle SA Cl N | 1.30 |
| Roche Holding AG - Partcptn | 1.26 |
| HSBC Holdings PLC | 1.25 |
| Novartis AG Cl N | 1.24 |
| Shell PLC | 1.24 |
| Toyota Motor Corp | 1.19 |
| Total of Top Holdings of the Fund (% of Net Assets): |
15.29 |
| Total Number of Securities Held: | 489 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 12.20 | 11.97 | 14.84 | -7.70 | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| -0.81 | 4.64 | 5.71 | 10.89 | 15.53 | - | - | 9.36 |
Disclosure
NBI Mutual Funds (the “Funds”) are offered by National Bank Investments Inc. an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus of the Funds before investing. The indicated rates of return are the historical annual compounded total returns which include changes in the value of securities and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The Funds’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a fund will be returned. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.