Investment Objective
The NBI Active International Equity Fund’s investment objective is to provide long-term capital growth. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of common shares of international companies.
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):
$359.4
Price per Unit:
$11.56
Inception Date:
November 15, 2022
Value of $10,000 since inception:
$12,118
Benchmark Index:
MSCI EAFE Index
Management Fee:
1.60%
MER:
1.99%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Montrusco Bolton Investments Inc.
Available Fund Codes:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC5455 |
| F Series | NBC5755 |
| N Series | NBC455 |
Portfolio Asset Mix
(% of Net Assets)
| European Union | 55.88% |
| Japan | 20.64% |
| Asia/Pacific Rim | 11.71% |
| Other European | 10.77% |
| Canada | 1.00% |
| Sector Allocation | % |
|---|---|
| Financial Services | 25.13 |
| Industrial Goods & Services | 21.92 |
| Consumer Goods & Services | 21.18 |
| Healthcare | 11.17 |
| Real Estate | 5.63 |
| Basic Materials | 4.61 |
| Technology | 4.60 |
| Energy | 3.18 |
| Telecommunications | 2.58 |
| Dividend Yield (Trailing Yield) | 2.22 |
| Top Holdings | % |
|---|---|
| DBS Group Holdings Ltd | 5.46 |
| ING Groep NV | 5.10 |
| Keyence Corp | 4.14 |
| Sompo Holdings Inc | 3.63 |
| London Stock Exchange Group PLC | 3.56 |
| Beiersdorf AG | 3.33 |
| Ryanair Holdings PLC | 3.29 |
| Kingspan Group PLC | 3.22 |
| Taiwan Semiconductor Manufactrg Co Ltd - ADR | 3.17 |
| Equinor ASA | 3.15 |
| Total of Top Holdings of the Fund (% of Net Assets): |
38.05 |
| Total Number of Securities Held: | 38 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| -0.34 | 5.66 | 14.63 | - | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| -2.45 | -0.17 | -5.86 | -1.87 | - | - | - | 7.41 |
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.