Investment Objective
The fund’s objective is to ensure long-term capital growth. The fund primarily invests tactically, directly or through investments in securities of other mutual funds (that may include exchange-traded funds ("ETFs")), in fixed-income and equity securities from around the world.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Annually
Assets Under Management ($M):
$5,686.0
Price per Unit:
$12.73
Inception Date:
May 21, 2019
Value of $10,000 since inception:
$14,012
Benchmark Index:
Morningstar Canada Liquid Bond (50%)
Morningstar US Large Cap (17.5%)
Morningstar Canada Large-Mid (17.5%)
Morningstar Developed Markets ex North America (10%)
Morningstar Emerging Markets Large-Mid x (5%)
Management Fee:
0.60%
MER:
0.86%
Portfolio Manager:
National Bank Investments Inc.
Available Fund Codes:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC3438 |
| F Series | NBC3738 |
Portfolio Asset Mix
(% of Net Assets)
| Domestic Bonds | 29.09% |
| Canadian Equity | 28.13% |
| International Equity | 23.89% |
| US Equity | 18.04% |
| Cash and Equivalents | 0.53% |
| Income Trust Units | 0.19% |
| Other | 0.13% |
| Top Holdings | % |
|---|---|
| Global X Canadian Select Universe Bd CC ETF (HBB) | 27.95 |
| Global X S&P/TSX Capped Comp Ind CC ETF (HXCN) | 19.29 |
| Global X S&P 500 Index CC ETF (HXS) | 18.03 |
| iShares Core MSCI EAFE ETF (IEFA) | 14.62 |
| iShares Core S&P/TSX Capped Composit Idx ETF (XIC) | 8.84 |
| iShares Core MSCI Emerging Markets ETF (IEMG) | 6.19 |
| GLOBAL X MSCI EAFE INDEX ETF | 2.66 |
| NBI Canadian Bond Index Fund | 1.14 |
| GLOBAL X MSCI EMERG | 0.83 |
| Total of Top Holdings of the Fund (% of Net Assets): |
99.55 |
| Total Number of Securities Held: | 10 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 4.52 | 10.43 | 7.32 | -10.78 | 11.01 | 9.02 | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 1.03 | 5.56 | 2.17 | 9.08 | 6.86 | 5.42 | - | 5.60 |
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.