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NEI Long Short Equity Fund Series A
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
Click for more information on Fundata’s ESG Grade
Fundata ESG Grade D
Click for more information on Fundata’s ESG Grade.
|
NAVPS (06-19-2026) |
$14.44 |
|---|---|
| Change |
-$0.03
(-0.21%)
|
As at May 31, 2026
As at April 30, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (January 22, 2024): 16.51%
| 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 | 4.14% | 2.97% | 7.20% | 6.58% | 18.55% | 15.98% | - | - | - | - | - | - | - | - |
| Benchmark | 2.52% | 1.83% | 12.07% | 10.61% | 36.06% | 28.34% | 24.64% | 17.23% | 15.30% | 18.20% | 15.06% | 13.48% | 12.83% | 12.77% |
| Category Average | 2.82% | 4.37% | 9.17% | 9.21% | 23.49% | 15.75% | 16.26% | 11.26% | 9.16% | 11.53% | 9.52% | - | - | - |
| Category Rank | 102 / 258 | 125 / 255 | 130 / 243 | 151 / 245 | 120 / 218 | 74 / 167 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | 2 | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.08% | 0.98% | 1.87% | 2.65% | 0.99% | 1.61% | 0.57% | -0.61% | 4.15% | -4.29% | 3.30% | 4.14% |
| Benchmark | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% |
Best Monthly Return Since Inception
5.24% (May 2025)
Worst Monthly Return Since Inception
-4.29% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 14.56% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 2 |
| Category Rank | - | - | - | - | - | - | - | - | - | 69/ 194 |
Best Calendar Return (Last 10 years)
14.56% (2025)
Worst Calendar Return (Last 10 years)
14.56% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 68.11 |
| Cash and Equivalents | 23.47 |
| US Equity | 5.82 |
| Income Trust Units | 4.57 |
| Derivatives | 0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 23.47 |
| Financial Services | 19.80 |
| Basic Materials | 13.53 |
| Energy | 9.08 |
| Technology | 8.75 |
| Other | 25.37 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.05 |
| Latin America | 1.44 |
| Multi-National | 0.09 |
| Africa and Middle East | 0.00 |
| Europe | -0.07 |
Top Holdings
| Name | Percent |
|---|---|
| Canadian Dollar | 29.20 |
| Royal Bank of Canada | 7.67 |
| Toronto-Dominion Bank | 6.21 |
| Canadian Pacific Kansas City Ltd | 3.88 |
| Shopify Inc Cl A | 3.80 |
| Canadian Natural Resources Ltd | 3.53 |
| NVIDIA Corp | 3.46 |
| Suncor Energy Inc | 3.19 |
| Alphabet Inc Cl A | 2.84 |
| Agnico Eagle Mines Ltd | 2.75 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.98% | - | - | - |
| Beta | 0.67 | - | - | - |
| Alpha | -0.04 | - | - | - |
| Rsquared | 0.76% | - | - | - |
| Sharpe | 1.89 | - | - | - |
| Sortino | 3.13 | - | - | - |
| Treynor | 0.23 | - | - | - |
| Tax Efficiency | 100.00% | - | - | - |
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 | January 22, 2024 |
|---|---|
| Instrument Type | Mutual Fund (Responsible Investment, Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $104 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NWT155 |
Investment Objectives
The investment objective of the Fund is to generate long-term capital appreciation primarily through a portfolio comprised of long and short equity securities. The Fund may also invest in fixed income securities, derivative instruments, securities of investment funds, and cash and cash equivalents.
Investment Strategy
The Fund will buy quality companies with reasonable valuations that have upside potential due to positive fundamental change in their business. The Fund will invest primarily in long positions. The Fund will short sell securities that are unattractive based on similar metrics or to hedge market exposure of the Fund’s long positions. The Fund uses risk control tools as part of a portfolio construction process to minimize risk.
Portfolio Management
| Portfolio Manager |
Northwest & Ethical Investments L.P. |
|---|---|
| Sub-Advisor |
PICTON Investments
|
Management and Organization
| Fund Manager |
Northwest & Ethical Investments L.P. |
|---|---|
| Custodian |
Desjardins Trust Inc. |
| Registrar |
Northwest & Ethical Investments L.P. |
| Distributor |
Aviso Financial Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | - |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | 500 |
Fees
| MER | 5.87% |
|---|---|
| Management Fee | 2.00% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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