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NBI Innovators Fund Investor Series

Global Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025)
$75.86
Change
-$1.52 (-1.96%)

As at May 31, 2025

As at May 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2024Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020Jan 2025J…$10,000$60,000$110,000$160,000$210,000$7,500$12,500$15,000$17,500$20,000Period

Legend

NBI Innovators Fund Investor Series

Compare Options


Fund Returns

Inception Return (August 31, 1995): 10.01%

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 7.58% -4.73% -7.10% -5.27% 11.07% 19.11% 17.34% 13.08% 14.65% 17.38% 16.05% 15.64% 17.85% 15.93%
Benchmark 5.37% -2.04% 0.91% 0.76% 14.46% 18.99% 15.33% 10.43% 13.24% 12.16% 10.74% 10.38% 11.55% 10.33%
Category Average 5.09% -1.64% 0.15% 1.47% 10.88% 14.99% 11.56% 7.12% 10.59% 9.58% 8.35% 7.99% 8.85% 7.69%
Category Rank 144 / 2,128 1,903 / 2,110 2,077 / 2,100 2,070 / 2,102 1,051 / 2,040 257 / 1,911 107 / 1,801 50 / 1,638 88 / 1,487 23 / 1,426 21 / 1,238 3 / 1,103 1 / 971 3 / 797
Quartile Ranking 1 4 4 4 3 1 1 1 1 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 4.99% -0.24% 0.60% 2.44% 2.75% 7.79% -1.93% 4.23% -4.60% -7.29% -4.48% 7.58%
Benchmark 2.29% 2.79% 0.04% 2.54% 0.69% 4.44% 0.14% 3.94% -1.04% -4.18% -2.97% 5.37%

Best Monthly Return Since Inception

40.25% (February 2000)

Worst Monthly Return Since Inception

-31.12% (February 2001)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 21.25% 7.74% 26.55% 4.61% 35.74% 37.42% 14.22% -12.89% 29.26% 30.59%
Benchmark 16.88% 5.18% 16.29% -1.79% 21.41% 13.15% 17.62% -12.64% 19.37% 26.84%
Category Average 8.98% 3.86% 14.23% -5.38% 19.94% 11.73% 16.21% -13.86% 15.08% 20.13%
Quartile Ranking 1 1 1 1 1 1 3 2 1 1
Category Rank 115/ 762 188/ 887 18/ 1,040 65/ 1,187 27/ 1,382 73/ 1,464 1,126/ 1,581 834/ 1,733 75/ 1,881 223/ 1,998

Best Calendar Return (Last 10 years)

37.42% (2020)

Worst Calendar Return (Last 10 years)

-12.89% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 90.80
International Equity 5.02
Cash and Equivalents 4.18

Sector Allocation

Sector Allocation
Name Percent
Technology 39.72
Consumer Services 12.53
Financial Services 9.60
Healthcare 8.07
Consumer Goods 6.92
Other 23.16

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.98
Europe 3.54
Asia 1.48

Top Holdings

Top Holdings
Name Percent
Microsoft Corp 7.27
NVIDIA Corp 6.89
Amazon.com Inc 6.39
Apple Inc 4.54
Cash and Cash Equivalents 4.18
Philip Morris International Inc 3.69
Meta Platforms Inc Cl A 3.23
Sherwin-Williams Co 2.43
American Express Co 2.39
Netflix Inc 2.17

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return68101214161820222426-20%-10%0%10%20%30%40%

NBI Innovators Fund Investor Series

Median

Other - Global Equity

3 Yr Annualized

Standard Deviation 15.85% 15.02% 15.13%
Beta 1.16% 1.13% 1.12%
Alpha 0.00% 0.00% 0.04%
Rsquared 0.83% 0.80% 0.78%
Sharpe 0.84% 0.82% 0.94%
Sortino 1.58% 1.36% 1.49%
Treynor 0.11% 0.11% 0.13%
Tax Efficiency 100.00% 100.00% 100.00%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 16.89% 15.85% 15.02% 15.13%
Beta 1.53% 1.16% 1.13% 1.12%
Alpha -0.10% 0.00% 0.00% 0.04%
Rsquared 0.85% 0.83% 0.80% 0.78%
Sharpe 0.49% 0.84% 0.82% 0.94%
Sortino 0.85% 1.58% 1.36% 1.49%
Treynor 0.05% 0.11% 0.11% 0.13%
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: A52.852.851.151.10%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: A59.259.251.851.80%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: A40.540.550.650.60%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: A56.356.352.252.20%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.

Fund Details

Start Date August 31, 1995
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $250

Fund Codes

FundServ Code Load Code Sales Status
NBC879

Investment Objectives

The NBI Innovators Fund (formerly NBI Science and Technology Fund) aims to aggressively seek capital appreciation for investors over the long term (greater than five years) primarily by investing in global companies whose activities are partially focused on scientific and technological research.

Investment Strategy

The portfolio sub-advisor uses a bottom-up investment approach to identify high conviction ideas with strong fundamentals at attractive valuations. The portfolio sub-advisor identifies global companies whose activities are partially focused on scientific and technological research and are operated by skilled management teams who drive innovation and deliver differentiated products and services by effectively deploying capital into research and development (R&D) and capital expenditures.

Portfolio Management

Portfolio Manager

National Bank Trust Inc.

Sub-Advisor

J.P. Morgan Investment Management Inc.

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 50

Fees

MER 2.24%
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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