Investment Objective
The fund’s investment objective is to provide long-term capital appreciation by investing, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of small and medium capitalization companies located around the world. It is expected that investments in emerging market securities will not exceed approximately 20% of the fund’s net assets.
Fund Details
Investment horizon
Fund volatility
Style
Sector
Deviation
Market
Capitalization
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Annually
Assets Under Management ($M):
$767.9
Price per Unit:
$11.17
Inception Date:
August 29, 2023
Value of $10,000 since inception:
$11,170
Benchmark Index:
MSCI World Small Cap Net Index (CAD)
Management Fee:
1.90%
MER:
2.46%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
PineStone Asset Management Inc.
Available Fund Codes:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC5456 |
| F Series | NBC5756 |
| FH Series | NBC5056 |
| H Series | |
| Initial Sales Charge | NBC5156 |
| O Series | NBC9156 |
Portfolio Asset Mix
(% of Net Assets)
| European Union | 50.12% |
| United States | 31.92% |
| Other European | 7.33% |
| Asia/Pacific Rim | 4.83% |
| Japan | 3.26% |
| Canada | 2.54% |
| Sector Allocation | % |
|---|---|
| Industrial Goods & Services | 37.45 |
| Consumer Goods & Services | 19.61 |
| Technology | 18.27 |
| Real Estate | 9.25 |
| Healthcare | 7.51 |
| Financial Services | 6.09 |
| Basic Materials | 1.82 |
| Dividend Yield (Trailing Yield) | 1.50 |
| Top Holdings | % |
|---|---|
| TechnologyOne Ltd | 4.32 |
| Belimo Holding AG Cl N | 4.04 |
| Federal Signal Corp | 3.74 |
| Intertek Group PLC | 3.72 |
| Rotork PLC | 3.72 |
| Diploma PLC | 3.68 |
| Nordnet AB (publ) | 3.66 |
| Inficon Holding AG | 3.29 |
| Howden Joinery Group PLC | 3.26 |
| Japan Elevator Service Holdings Co Ltd | 3.26 |
| Total of Top Holdings of the Fund (% of Net Assets): |
36.69 |
| Total Number of Securities Held: | 46 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 3.23 | 7.23 | - | - | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 2.29 | 9.40 | 3.23 | 10.05 | - | - | - | 6.21 |
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.