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NEI ESG Canadian Enhanced Index Fund Series A

Canadian Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

Click for more information on Fundata’s ESG Grade.

NAVPS
(11-20-2024)
$31.57
Change
$0.03 (0.10%)

As at October 31, 2024

As at September 30, 2024

As at July 31, 2024

Period
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Legend

NEI ESG Canadian Enhanced Index Fund Series A

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Fund Returns

Inception Return (March 30, 2001): 5.77%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.03% 5.40% 12.58% 17.93% 31.29% 13.71% 6.42% 13.63% 8.59% 8.26% 6.64% 7.40% 7.61% 6.11%
Benchmark 0.85% 5.30% 12.95% 18.24% 32.06% 15.16% 8.05% 15.02% 11.33% 11.65% 9.36% 9.62% 9.96% 8.41%
Category Average 0.32% 3.53% 10.90% 15.35% 27.26% 12.81% 6.99% 13.70% 9.77% 9.80% 7.62% 7.89% 8.07% 6.92%
Category Rank 115 / 737 93 / 721 214 / 714 161 / 710 164 / 709 320 / 683 419 / 635 352 / 577 443 / 543 448 / 505 373 / 465 336 / 436 310 / 399 317 / 373
Quartile Ranking 1 1 2 1 1 2 3 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 7.29% 3.77% 0.08% 1.90% 4.46% -1.67% 2.45% -1.48% 5.83% 1.21% 3.08% 1.03%
Benchmark 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77% -1.42% 5.87% 1.22% 3.15% 0.85%

Best Monthly Return Since Inception

10.72% (November 2020)

Worst Monthly Return Since Inception

-17.90% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 8.49% -8.74% 19.27% 8.70% -9.15% 14.75% 0.38% 24.05% -7.68% 9.07%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 9.54% -6.15% 16.46% 6.89% -9.47% 19.21% 3.42% 23.26% -4.82% 9.85%
Quartile Ranking 3 4 2 2 2 4 3 3 4 3
Category Rank 244/ 343 310/ 375 158/ 403 123/ 445 222/ 471 494/ 516 372/ 544 309/ 579 512/ 646 480/ 684

Best Calendar Return (Last 10 years)

24.05% (2021)

Worst Calendar Return (Last 10 years)

-9.15% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 97.64
Income Trust Units 1.63
US Equity 0.39
Foreign Bonds - Other 0.23
International Equity 0.08
Other 0.03

Sector Allocation

Sector Allocation
Name Percent
Financial Services 33.06
Energy 15.62
Basic Materials 13.39
Industrial Services 10.47
Technology 7.69
Other 19.77

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.92
Asia 0.08

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 7.24
Toronto-Dominion Bank 4.56
Shopify Inc Cl A 3.61
Enbridge Inc 3.60
Brookfield Corp Cl A 3.11
Canadian Pacific Kansas City Ltd 3.10
Canadian National Railway Co 2.78
Bank of Nova Scotia 2.75
Canadian Natural Resources Ltd 2.71
Bank of Montreal 2.70

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

NEI ESG Canadian Enhanced Index Fund Series A

Median

Other - Canadian Equity

3 Yr Annualized

Standard Deviation 13.35% 15.73% 12.95%
Beta 0.99% 0.99% 1.00%
Alpha -0.01% -0.02% -0.02%
Rsquared 1.00% 0.99% 0.96%
Sharpe 0.27% 0.46% 0.40%
Sortino 0.46% 0.57% 0.41%
Treynor 0.04% 0.07% 0.05%
Tax Efficiency 92.14% 94.34% 92.05%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.49% 13.35% 15.73% 12.95%
Beta 0.99% 0.99% 0.99% 1.00%
Alpha 0.00% -0.01% -0.02% -0.02%
Rsquared 0.99% 1.00% 0.99% 0.96%
Sharpe 2.45% 0.27% 0.46% 0.40%
Sortino 9.63% 0.46% 0.57% 0.41%
Treynor 0.24% 0.04% 0.07% 0.05%
Tax Efficiency 97.67% 92.14% 94.34% 92.05%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date March 30, 2001
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $215

Fund Codes

FundServ Code Load Code Sales Status
NWT003
NWT103
NWT90503

Investment Objectives

The investment objective of the Fund is to achieve long-term capital growth through tracking the performance of a Canadian equity index which is focused on companies with an enhanced environmental, social and governance profile. The Fund follows a responsible approach to investing, as described on pages 74 to 79 of this prospectus. Unitholder approval (by a majority of votes cast at a meeting of unitholders) is required prior to a fundamental change of investment objectives.

Investment Strategy

The Fund starts its equity analysis with the Solactive Canada Broad Market Index, (a Free Float Market Capitalization index that covers all Canadian securities listed on the Toronto Stock Exchange which fulfill basic liquidity criteria) and then applies an ESG evaluation framework developed and maintained on an ongoing basis by NEI as part of the investment strategies of the Fund.

Portfolio Manager(s)

Name Start Date
Will Benton 07-16-2019
John Bai 06-08-2021
Judith Chan 07-07-2022
Adelaide Chiu 06-19-2023

Management and Organization

Fund Manager Northwest & Ethical Investments L.P.
Advisor Northwest & Ethical Investments L.P.
Custodian Desjardins Trust Inc.
Registrar Northwest & Ethical Investments L.P.
Distributor Credential Asset Management Inc.
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 0

Fees

MER 1.82%
Management Fee 1.40%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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