Investment Objective
The fund's investment objective is to ensure long-term capital growth by replicating the performance of the Morningstar® Canada Index**, an index of large Canadian companies in terms of market capitalization. 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 Canadian companies.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Annually
Assets Under Management ($M):
$441.2
Price per Unit:
$12.70
Inception Date:
April 4, 2022
Value of $10,000 since inception:
$13,717
Benchmark Index:
Morningstar® Canada Index
Management Fee:
0.20%
MER:
0.37%
Portfolio Manager:
National Bank Investments Inc.
Portfolio Asset Mix
(% of Net Assets)
| Canadian Equity | 98.43% |
| Income Trust Units | 0.73% |
| US Equity | 0.46% |
| Cash and Equivalents | 0.20% |
| International Equity | 0.18% |
| Sector Allocation | % |
|---|---|
| Financial Services | 34.01 |
| Basic Materials | 15.29 |
| Energy | 14.61 |
| Industrial Goods & Services | 10.54 |
| Technology | 10.14 |
| Consumer Goods & Services | 7.44 |
| Utilities | 3.47 |
| Real Estate | 3.09 |
| Telecommunications | 1.16 |
| Healthcare | 0.16 |
| Other | 0.09 |
| Dividend Yield (Trailing Yield) | 2.40 |
| Top Holdings | % |
|---|---|
| Royal Bank of Canada | 6.72 |
| Shopify Inc Cl | 5.03 |
| Toronto-Dominion Bank | 4.57 |
| Enbridge Inc | 3.56 |
| Bank of Montreal | 2.91 |
| Brookfield Corp Cl | 2.76 |
| Constellation Software Inc | 2.75 |
| Canadian Pacific Kansas City Ltd | 2.67 |
| Bank of Nova Scotia | 2.48 |
| Canadian Imperial Bank of Commerce | 2.41 |
| Total of Top Holdings of the Fund (% of Net Assets): |
35.86 |
| Total Number of Securities Held: | 213 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 10.24 | 22.47 | 11.82 | - | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 2.92 | 8.55 | 10.24 | 26.97 | 16.52 | - | - | 10.25 |
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.