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NBI Resource Fund Investor Series

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Natural Resources Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade E

Click for more information on Fundata’s ESG Grade.

NAVPS
(11-03-2025) 		$59.61
Change
-$0.59 (-0.98%)

As at September 30, 2025

As at September 30, 2025

As at September 30, 2025

Period
Created with Highcharts 10.3.3Jan 2024Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Jan 1990Jan 1995Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020Jan 2025Ja…$10,000$11,000$12,000$13,000$14,000$15,000Period

Legend

NBI Resource Fund Investor Series

Compare Options

Fund Returns

Inception Return (November 10, 1989): 7.76%

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 6.08% 11.56% 13.03% 12.61% 13.74% 13.55% 13.55% 13.24% 14.77% 11.52% 9.83% 7.79% 6.06% 9.12%
Benchmark 11.75% 24.16% 29.07% 42.58% 42.70% 30.03% 22.14% 19.57% 19.38% 14.87% 12.96% 10.49% 8.78% 11.35%
Category Average 9.38% 17.96% 22.81% 30.94% 28.26% 18.69% 17.31% 15.59% 20.66% 15.92% 10.80% 9.64% 7.95% 10.22%
Category Rank 95 / 111 99 / 111 92 / 111 99 / 109 92 / 109 75 / 107 82 / 106 83 / 101 88 / 100 89 / 99 75 / 99 84 / 96 80 / 87 66 / 80
Quartile Ranking 4 4 4 4 4 3 4 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%15%
Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund 2.77% 2.47% -4.08% 2.72% -2.81% -0.21% -6.70% 4.18% 4.24% 1.67% 3.44% 6.08%
Benchmark 4.24% 0.96% -4.90% 5.21% -0.15% 5.16% -2.32% 3.24% 3.09% 1.31% 9.67% 11.75%

Best Monthly Return Since Inception

25.89% (April 2020)

Worst Monthly Return Since Inception

-24.06% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-40%-20%0%20%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -15.26% 36.13% -1.83% -18.74% 24.27% -8.36% 24.67% 13.48% 5.25% 14.57%
Benchmark -23.78% 36.74% -1.69% -15.86% 20.06% -7.01% 21.57% 12.86% -0.78% 19.24%
Category Average -22.23% 40.92% -2.18% -21.77% 9.95% 5.03% 32.84% 13.19% 2.62% 7.76%
Quartile Ranking 2 4 2 2 1 4 3 4 1 1
Category Rank 23/ 73 66/ 82 36/ 87 46/ 97 5/ 99 94/ 99 74/ 100 87/ 102 26/ 106 24/ 107

Best Calendar Return (Last 10 years)

36.13% (2016)

Worst Calendar Return (Last 10 years)

-18.74% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 95.48
Cash and Equivalents 4.42
Income Trust Units 0.06
Other 0.04

Sector Allocation

Sector Allocation
Name Percent
Energy 47.26
Basic Materials 46.84
Cash and Cash Equivalent 4.42
Industrial Services 1.45
Mutual Fund 0.04

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.96
Multi-National 0.04

Top Holdings

Top Holdings
Name Percent
Teck Resources Ltd Cl B 12.42
Suncor Energy Inc 9.99
Canadian Natural Resources Ltd 9.94
Winpak Ltd 9.66
Cenovus Energy Inc 9.56
Canfor Corp 9.02
Tourmaline Oil Corp 8.57
Methanex Corp 6.59
Pason Systems Inc 5.12
Nutrien Ltd 4.98

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 Return14161820222426283032-20%-10%0%10%20%30%40%50%

NBI Resource Fund Investor Series

Median

Other - Natural Resources Equity

3 Yr Annualized

Standard Deviation 14.84% 15.30% 18.80%
Beta 0.71% 0.80% 0.96%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.63% 0.76% 0.89%
Sharpe 0.66% 0.81% 0.46%
Sortino 1.16% 1.21% 0.60%
Treynor 0.14% 0.15% 0.09%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.29% 14.84% 15.30% 18.80%
Beta 0.64% 0.71% 0.80% 0.96%
Alpha -0.10% -0.01% 0.00% -0.01%
Rsquared 0.61% 0.63% 0.76% 0.89%
Sharpe 0.81% 0.66% 0.81% 0.46%
Sortino 1.23% 1.16% 1.21% 0.60%
Treynor 0.17% 0.14% 0.15% 0.09%
Tax Efficiency 100.00% 100.00% 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A6.5​6.530.0​30.00%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: A7.7​7.725.9​25.90%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: A4.5​4.529.9​29.90%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: A12.9​12.935.7​35.70%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 November 10, 1989
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $61

Fund Codes

FundServ Code Load Code Sales Status
NBC844

Investment Objectives

The NBI Resource Fund aims to achieve capital growth primarily by investing in equities of Canadian natural resource companies and companies that support resource companies.

Investment Strategy

The fund seeks to achieve its objective by investing in companies that engage in natural resource activities, such as mining, oil and gas, energy, forest products, water resources and fishing, and companies that support those industries. The portfolio sub-advisor uses a combination of growth and value styles and a mix of investment strategies to select portfolio investments for the fund.

Portfolio Management

Portfolio Manager

National Bank Trust Inc.
Sub-Advisor

Foyston, Gordon and Payne, Inc.

  • Bryan Pilsworth
  • Tom Duncanson

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 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 25

Fees

MER 2.19%
Management Fee 1.75%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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