Investment Objective
The Fund’s objective is to provide long-term capital growth by capturing the illiquidity and value creation premium within global private markets and by capitalizing on various opportunities throughout the economic cycle. The Fund will invest directly or indirectly, primarily in unlisted private equity vehicles and listed private equity vehicles or investment funds.
Fund Details:
Investment horizon
Fund volatility
Minimum Initial Investment:
$10,000
Subsequent Investment:
$500
Distribution Frequency:
Annually
Price per Unit:
$12.87
Inception Date:
February 25, 2022
Benchmark Index:
85% MSCI World ($CAD)
15% S&P/TSX Composite
Portfolio Manager:
National Bank Investments Inc.
Management Fee:
1.65%
Available Fund Codes:
| L Series | NBC4992 |
Portfolio Asset Mix
(% of Net Assets)
| Other | 30.13% |
| US Equity | 29.72% |
| International Equity | 24.66% |
| Canadian Equity | 13.09% |
| Cash and Equivalents | 2.33% |
| Income Trust Units | 0.07% |
| Top Holdings | % |
|---|---|
| NBI Global Private Equity ETF (NGPE) | 25.12 |
| NBI Private Equity Replication Pooled Fund | 12.43 |
| NBI SmartBeta Canadian Equity Fund | 7.27 |
| Hamilton Lane Global Private Assets Canada Fund H | 5.95 |
| NBI SmartBeta Global Equity Fund | 4.79 |
| PECO II LP | 4.55 |
| Harbourvest 2019 Global Feeder fund L.P | 3.92 |
| HarbourVest 2020 Global Feeder Fund L.P | 3.90 |
| NORTHLEAF SECONDARY PARTNERS (CANADA) III LP | 3.42 |
| J.C. Flowers V L.P | 3.00 |
| Sector Allocation | % |
|---|---|
| Mutual Fund | 54.74 |
| Financial Services | 21.72 |
| Other | 10.08 |
| Technology | 3.59 |
| Cash and Cash Equivalent | 2.33 |
| Industrial Services | 2.24 |
| Real Estate | 1.58 |
| Industrial Goods | 1.27 |
| Healthcare | 1.21 |
| Consumer Services | 0.66 |
| Consumer Goods | 0.58 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| -0.95 | 19.91 | 10.53 | - | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 1.28 | -0.28 | -0.95 | 11.12 | 11.57 | - | - | 8.41 |
What is a Private Pool?
A Private Pool is a private investment fund. In return for your investment in the Private Pool, you will receive units of the Private Pool. The value of these units is based on the value of the Private Pool’s underlying investments. A professional portfolio manager manages these investments on a discretionary basis.
Content
The Private Pool achieves exposure to the above asset class by investing up to 100% of its assets in the underlying funds managed by third parties. The Private Pool will have greater diversity of risk factors, take advantage of opportunistic arbitrage, and have a lower overall risk than traditional portfolios. The Private Pool may hold a portion of its assets in cash, money market securities or money market funds while seeking investment opportunities.
Who is this investment for?
Investors who:
- are looking to invest for the long term (at least five years);
- want to add a non-traditional sleeve to their equity portfolio.
For more information
This summary may not contain all the information you need. Refer to the Discretionary Management Agreement for more detailed information. Should you require further information, please contact your National Bank Financial Investment Advisor.
A word about tax
In general, you’ll have to pay income tax on any gain and revenue generated from your investment. How much you pay depends on the tax laws that are applicable in the area you live in and whether or not you hold the investment in a registered plan, such as a Registered Retirement Savings Plan or a Tax-Free Savings Account. Keep in mind that if you hold your investment in a non-registered account, fund distributions or capital gains are included in your taxable income; whether they are paid, accrued or reinvested.