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NBI Diversified Emerging Markets Equity Fund Series N

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Emerging Markets Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021

Click for more information on Fundata’s FundGrade

NAVPS
(05-16-2025) 		$15.35
Change
$0.02 (0.13%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Nov 2015Jul 2016Mar 2017Nov 2017Jul 2018Mar 2019Nov 2019Jul 2020Mar 2021Nov 2021Jul 2022Mar 2023Nov 2023Jul 2024Mar 2025Apr 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Jan 2024Apr 2024Oct 2024Jan 2025Nov 2015Mar 2017Jul 2018Nov 2019Mar 2021Jul 2022Nov 2023$10,000$20,000$7,500$12,500$15,000$17,500$22,500$8,000$9,000$11,000$12,000$13,000Period

Legend

NBI Diversified Emerging Markets Equity Fund Series N

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Fund Returns

Inception Return (October 30, 2015): 6.83%

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 -2.86% -2.72% 0.56% 0.78% 7.02% 8.77% 5.73% -0.32% 8.16% 5.86% 4.97% 5.02% 7.23% -
Benchmark -3.13% -3.16% -1.45% -2.14% 10.27% 11.53% 7.80% 2.35% 7.32% 4.41% 3.97% 5.00% 7.54% 5.27%
Category Average -2.02% -1.57% 0.15% 0.66% 6.85% 8.59% 5.63% -1.22% 5.92% 2.97% 2.19% 3.40% 5.63% 3.55%
Category Rank 170 / 337 158 / 335 130 / 335 85 / 335 163 / 328 181 / 303 158 / 294 140 / 273 72 / 261 43 / 245 31 / 198 51 / 189 53 / 157 -
Quartile Ranking 3 2 2 2 2 3 3 3 2 1 1 2 2 -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%8%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.22% 2.69% 1.60% -0.57% 3.97% -1.11% -1.96% 1.78% 3.60% 0.07% 0.07% -2.86%
Benchmark 0.38% 3.25% 1.30% -0.40% 7.98% -0.88% -2.18% 2.94% 1.05% -0.22% 0.19% -3.13%

Best Monthly Return Since Inception

11.94% (November 2022)

Worst Monthly Return Since Inception

-12.31% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%0%20%40%60%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 8.61% 21.21% -8.87% 13.13% 37.70% -1.34% -16.28% 7.60% 12.32%
Benchmark 2.69% 7.90% 26.42% -6.05% 15.55% 11.45% 0.08% -12.38% 7.03% 21.65%
Category Average -3.92% 6.53% 28.88% -11.86% 15.06% 17.52% -3.30% -17.32% 8.68% 12.46%
Quartile Ranking - 2 4 2 3 1 2 3 3 3
Category Rank - 42/ 153 165/ 184 71/ 197 146/ 241 10/ 261 103/ 264 151/ 282 187/ 301 229/ 315

Best Calendar Return (Last 10 years)

37.70% (2020)

Worst Calendar Return (Last 10 years)

-16.28% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 97.73
Cash and Equivalents 1.70
US Equity 0.62
Other -0.05

Sector Allocation

Sector Allocation
Name Percent
Technology 33.86
Financial Services 24.30
Industrial Goods 8.90
Consumer Goods 6.89
Basic Materials 4.98
Other 21.07

Geographic Allocation

Geographic Allocation
Name Percent
Asia 71.26
Latin America 12.55
Africa and Middle East 7.50
Europe 6.43
North America 2.31
Other -0.05

Top Holdings

Top Holdings
Name Percent
Taiwan Semiconductor Manufactrg Co Ltd 8.67
Tencent Holdings Ltd 4.29
Alibaba Group Holding Ltd 4.03
MediaTek Inc 2.30
ICICI Bank Ltd 2.25
SK Hynix Inc 1.87
Mercadolibre Inc 1.76
Reliance Industries Ltd 1.70
Cash and Cash Equivalents 1.69
Itau Unibanco Holding SA - Pfd 1.49

Equity Style

Market capitalization is large. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return91011121314151617181920-5%0%5%10%15%20%

NBI Diversified Emerging Markets Equity Fund Series N

Median

Other - Emerging Markets Equity

3 Yr Annualized

Standard Deviation 12.64% 13.31% -
Beta 0.92% 1.01% -
Alpha -0.01% 0.01% -
Rsquared 0.88% 0.87% -
Sharpe 0.19% 0.47% -
Sortino 0.46% 0.75% -
Treynor 0.03% 0.06% -
Tax Efficiency 93.80% 87.60% -
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 -

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.47% 12.64% 13.31% -
Beta 0.65% 0.92% 1.01% -
Alpha 0.00% -0.01% 0.01% -
Rsquared 0.76% 0.88% 0.87% -
Sharpe 0.45% 0.19% 0.47% -
Sortino 0.97% 0.46% 0.75% -
Treynor 0.05% 0.03% 0.06% -
Tax Efficiency 97.94% 93.80% 87.60% -

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A29.7​29.735.0​35.00%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.3​22.324.2​24.20%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A39.1​39.142.4​42.40%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A22.7​22.726.5​26.50%10%20%30%40%50%60%70%80%90%100%

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.

View the full methodology

Fund Details

Start Date October 30, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $2,450

Fund Codes

FundServ Code Load Code Sales Status
NBC238

Investment Objectives

The NBI Diversified Emerging Markets Equity Fund’s investment objective is to provide long-term capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of common shares of issuers located in emerging markets.

Investment Strategy

The fund invests in a portfolio composed mainly of common shares of issuers located in emerging markets. The fund may also invest in: common and preferred shares of foreign companies; preferred shares of issuers located in emerging markets; income trusts; securities convertible into common or preferred shares, including rights, warrants and subscription receipts; participatory notes; real estate investment trusts.

Portfolio Management

Portfolio Manager

National Bank Trust Inc.
Sub-Advisor

Goldman Sachs Asset Management LP

  • Osman Ali
  • Len Ioffe

BNY Mellon Asset Management Canada Ltd (Mellon AM)

Management and Organization

Fund Manager

National Bank Investments Inc.
Custodian

Natcan Trust Company
Registrar

Natcan Trust Company
Distributor

National Bank Investments Inc.

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.21%
Management Fee 0.80%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.51%
Trailer Fee Max (LL) -

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