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NBI Quebec Growth Fund Investor Series
Cdn Small/Mid Cap Equity
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FundGrade D
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FundGrade A+® Rating Recipient
2024, 2023, 2022, 2020, 2019
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|
NAVPS (10-09-2026) |
$130.86 |
|---|---|
| Change |
$0.98
(0.75%)
|
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (July 23, 1999): 10.80%
| 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 | -1.79% | -4.04% | -1.20% | -8.75% | -4.95% | 2.41% | 9.58% | 9.50% | 4.92% | 9.82% | 8.95% | 8.12% | 8.23% | 7.98% |
| Benchmark | -1.79% | 2.41% | 8.49% | 20.82% | 33.17% | 35.17% | 31.71% | 25.09% | 16.13% | 20.39% | 16.74% | 13.53% | 11.95% | 10.82% |
| Category Average | -1.58% | -0.05% | 4.40% | 8.50% | 14.42% | 17.29% | 19.15% | 15.90% | 8.80% | 13.13% | 11.54% | 9.26% | 8.59% | 7.98% |
| Category Rank | 102 / 200 | 173 / 200 | 185 / 200 | 196 / 198 | 192 / 196 | 184 / 191 | 181 / 187 | 181 / 187 | 159 / 183 | 137 / 170 | 141 / 169 | 112 / 161 | 102 / 157 | 88 / 149 |
| Quartile Ranking | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.82% | 0.36% | 2.94% | -2.01% | 1.31% | -6.96% | 3.87% | -1.70% | 0.84% | 1.55% | -3.78% | -1.79% |
| Benchmark | 2.30% | 5.23% | 2.39% | 8.69% | 12.56% | -8.97% | 6.71% | 3.36% | -3.95% | -2.36% | 6.79% | -1.79% |
Best Monthly Return Since Inception
13.60% (April 2020)
Worst Monthly Return Since Inception
-20.56% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 18.72% | 12.29% | -11.46% | 22.84% | 15.34% | 17.34% | -6.41% | 13.32% | 19.41% | 11.04% |
| Benchmark | 38.48% | 2.75% | -18.17% | 15.84% | 12.87% | 20.27% | -9.29% | 4.79% | 18.83% | 50.19% |
| Category Average | 18.01% | 3.43% | -15.15% | 16.59% | 11.91% | 22.35% | -11.32% | 6.49% | 16.84% | 24.55% |
| Quartile Ranking | 3 | 1 | 1 | 2 | 3 | 4 | 1 | 1 | 2 | 4 |
| Category Rank | 86/ 144 | 8/ 149 | 33/ 158 | 58/ 165 | 92/ 169 | 156/ 176 | 44/ 184 | 22/ 187 | 79/ 188 | 176/ 191 |
Best Calendar Return (Last 10 years)
22.84% (2019)
Worst Calendar Return (Last 10 years)
-11.46% (2018)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 91.68 |
| US Equity | 6.10 |
| International Equity | 1.59 |
| Cash and Equivalents | 0.63 |
Sector Allocation
| Name | Percent |
|---|---|
| Real Estate | 21.22 |
| Consumer Services | 17.24 |
| Financial Services | 13.28 |
| Industrial Goods | 12.25 |
| Technology | 10.60 |
| Other | 25.41 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.41 |
| Asia | 1.59 |
Top Holdings
| Name | Percent |
|---|---|
| Dollarama Inc | 5.37 |
| WSP Global Inc | 5.18 |
| Atkinsrealis Group Inc | 4.69 |
| Richelieu Hardware Ltd | 4.66 |
| Alimentation Couche-Tard Inc | 4.51 |
| National Bank of Canada | 4.18 |
| Savaria Corp | 4.14 |
| Mainstreet Equity Corp | 4.11 |
| Descartes Systems Group Inc | 3.70 |
| Bombardier Inc Cl A | 3.69 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
NBI Quebec Growth Fund Investor Series
Median
Other - Cdn Small/Mid Cap Equity
3 Yr Annualized
| Standard Deviation | 10.45% | 11.62% | 13.46% |
|---|---|---|---|
| Beta | 0.27 | 0.40 | 0.50 |
| Alpha | 0.02 | -0.01 | 0.02 |
| Rsquared | 0.17% | 0.35% | 0.56% |
| Sharpe | 0.61 | 0.21 | 0.49 |
| Sortino | 1.05 | 0.32 | 0.59 |
| Treynor | 0.24 | 0.06 | 0.13 |
| Tax Efficiency | 98.80% | 97.52% | 99.02% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 10.47% | 10.45% | 11.62% | 13.46% |
| Beta | 0.19 | 0.27 | 0.40 | 0.50 |
| Alpha | -0.10 | 0.02 | -0.01 | 0.02 |
| Rsquared | 0.14% | 0.17% | 0.35% | 0.56% |
| Sharpe | -0.65 | 0.61 | 0.21 | 0.49 |
| Sortino | -0.84 | 1.05 | 0.32 | 0.59 |
| Treynor | -0.36 | 0.24 | 0.06 | 0.13 |
| Tax Efficiency | - | 98.80% | 97.52% | 99.02% |
Fund Details
| Start Date | July 23, 1999 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | $592 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC860 | NL | Open |
Investment Objectives
The NBI Quebec Growth Fund’s investment objective is to ensure long-term capital growth. The fund primarily invests in equity securities of corporations whose head office is in Quebec or who do a substantial part of their business in Quebec.
Investment Strategy
The fund invests in small, mid and large capitalization companies. The portfolio sub-advisor may choose to invest approximately 45% of the net assets of the fund in securities of mutual funds managed by the manager or by third parties, including exchange-traded funds. The criteria used for selecting underlying fund securities are the same as the criteria used for selecting other types of securities.
Portfolio Management
| Portfolio Manager |
National Bank Trust Inc. |
|---|---|
| Sub-Advisor |
Montrusco Bolton Investments 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 | 25 |
Fees
| MER | 2.25% |
|---|---|
| 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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