Investment Objective
To generate income and long-term capital growth while focusing on hedging against inflation The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of common shares of companies in industry sectors associated with real assets and located around the world.
Fund Details
Investment horizon
Fund volatility
Style
Sector
Deviation
Market
Capitalization
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$67.0
Price per Unit:
$12.38
Inception Date:
February 1, 2016
Value of $10,000 since inception:
$16,687
Benchmark Index:
S&P Global Infrastructure
Management Fee:
1.80%
MER:
2.11%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Nuveen Asset Management, LLC
Management Fee Reduction Plan¹
For High Net Worth investors
Amount Applicable
| Level | to the level* | Reduction |
|---|---|---|
| 1 | First $250,000 | 0.050% |
| 2 | Next $250,000 | 0.100% |
| 3 | In excess of $500,000 | 0.150% |
¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the
assets.
Available Fund Codes:
| Investor Series | NBC321 |
| O Series | NBC3399 |
Portfolio Asset Mix
(% of Net Assets)
| US Equity | 52.02% |
| International Equity | 33.67% |
| Canadian Equity | 8.33% |
| Income Trust Units | 4.44% |
| Cash and Equivalents | 1.54% |
| Sector Allocation | % |
|---|---|
| Utilities | 46.36 |
| Industrial Goods & Services | 29.27 |
| Energy | 20.29 |
| Real Estate | 2.01 |
| Technology | 1.17 |
| Telecommunications | 0.72 |
| Mutual Fund | 0.18 |
| Dividend Yield (Trailing Yield) | 3.49 |
| Top Holdings | % |
|---|---|
| Nextera Energy Inc | 6.35 |
| Entergy Corp | 5.67 |
| Aena SME SA | 4.81 |
| Xcel Energy Inc | 4.48 |
| Williams Cos Inc | 4.00 |
| Transurban Group - Units | 3.30 |
| Cheniere Energy Inc | 3.14 |
| Sempra Energy | 2.99 |
| Iberdrola SA | 2.74 |
| ONEOK Inc | 2.65 |
| Total of Top Holdings of the Fund (% of Net Assets): |
40.13 |
| Total Number of Securities Held: | 82 |
| Geographic Allocation | % |
|---|---|
| United States | 52.00 |
| European Union | 23.36 |
| Canada | 9.87 |
| Asia/Pacific Rim | 8.67 |
| Latin America | 4.85 |
| Other European | 0.83 |
| Japan | 0.42 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 9.64 | 23.83 | 4.48 | -2.64 | 12.84 | -15.36 | 12.43 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 1.65 | 4.14 | 5.91 | 23.00 | 13.02 | 9.80 | - | 5.54 |
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.