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NEI Canadian Small Cap Equity Fund Series A

Cdn Small/Mid Cap 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
(04-17-2024)
$35.05
Change
-$0.22 (-0.63%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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Legend

NEI Canadian Small Cap Equity Fund Series A

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Fund Returns

Inception Return (March 27, 1986): 8.99%

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 3.71% 7.06% 12.89% 7.06% 10.82% 0.06% 0.93% 13.98% 5.45% 2.93% 2.44% 4.20% 2.95% 1.76%
Benchmark 7.49% 7.92% 14.37% 7.92% 8.22% -2.72% 3.99% 22.48% 7.82% 6.15% 4.23% 7.10% 5.60% 3.95%
Category Average 2.60% 14.10% 14.10% 6.51% 10.11% 0.73% 4.35% 17.73% 7.77% 6.08% 4.99% 6.38% 4.84% 4.30%
Category Rank 46 / 217 113 / 214 182 / 213 113 / 214 105 / 213 137 / 211 158 / 201 169 / 193 156 / 185 158 / 177 146 / 167 147 / 165 125 / 141 131 / 136
Quartile Ranking 1 3 4 3 2 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund -0.82% -1.09% 1.95% 3.87% -0.52% -5.00% -1.78% 3.77% 3.47% 1.59% 1.61% 3.71%
Benchmark -1.16% -4.06% 0.59% 6.09% -1.31% -5.24% -2.58% 4.84% 3.76% -0.37% 0.77% 7.49%

Best Monthly Return Since Inception

17.80% (April 2020)

Worst Monthly Return Since Inception

-29.81% (October 1987)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -2.79% -10.77% 18.49% 5.64% -17.96% 14.84% 8.74% 13.10% -14.48% 9.01%
Benchmark -2.34% -13.31% 38.48% 2.75% -18.17% 15.84% 12.87% 20.27% -9.29% 4.79%
Category Average 3.45% -6.13% 18.01% 3.43% -15.15% 16.59% 11.91% 22.35% -11.32% 6.49%
Quartile Ranking 4 4 3 2 4 4 3 4 3 2
Category Rank 123/ 135 127/ 140 100/ 162 58/ 167 136/ 177 161/ 184 134/ 189 199/ 201 130/ 210 78/ 213

Best Calendar Return (Last 10 years)

18.49% (2016)

Worst Calendar Return (Last 10 years)

-17.96% (2018)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 85.21
International Equity 5.11
Income Trust Units 4.53
Cash and Equivalents 3.03
US Equity 2.11
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Basic Materials 16.43
Technology 13.72
Energy 13.58
Financial Services 11.48
Real Estate 11.04
Other 33.75

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.88
Europe 2.72
Asia 2.39
Other 0.01

Top Holdings

Top Holdings
Name Percent
Hammond Power Solutions Inc Cl A 4.08
Celestica Inc 3.75
goeasy Ltd 3.44
Badger Infrastructure Solutions Ltd 3.32
North American Construction Group Ltd 2.90
Canadian Dollar 2.72
CI Financial Corp 2.72
Converge Technology Solutions Corp 2.58
North West Co Inc 2.57
Bausch Health Cos Inc 2.48

Equity Style

Market capitalization is small. Equity style is blend.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

NEI Canadian Small Cap Equity Fund Series A

Median

Other - Cdn Small/Mid Cap Equity

3 Yr Annualized

Standard Deviation 14.19% 18.82% 15.53%
Beta 0.69% 0.69% 0.67%
Alpha -0.02% 0.00% -0.01%
Rsquared 0.65% 0.82% 0.77%
Sharpe -0.05% 0.28% 0.10%
Sortino -0.10% 0.30% 0.00%
Treynor -0.01% 0.08% 0.02%
Tax Efficiency 1.76% 90.89% 41.70%
Volatility Volatility rating is 7 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 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.61% 14.19% 18.82% 15.53%
Beta 0.63% 0.69% 0.69% 0.67%
Alpha 0.05% -0.02% 0.00% -0.01%
Rsquared 0.85% 0.65% 0.82% 0.77%
Sharpe 0.62% -0.05% 0.28% 0.10%
Sortino 1.30% -0.10% 0.30% 0.00%
Treynor 0.09% -0.01% 0.08% 0.02%
Tax Efficiency 81.17% 1.76% 90.89% 41.70%

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 March 27, 1986
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $52

Fund Codes

FundServ Code Load Code Sales Status
NWT10118
NWT219
NWT319
NWT618
NWT818

Investment Objectives

The Fund aims to achieve capital appreciation over the longer term by seeking to invest primarily in the equity securities of faster growing, small-cap Canadian companies. Unitholder approval (by a majority of votes cast at a meeting of unitholders) is required prior to a fundamental change of investment objectives.

Investment Strategy

The Portfolio Sub-Advisor uses a bottom up investing approach to achieve long-term growth of capital through investment in Canadian corporations or Canadian listed corporations. The Portfolio Sub-Advisor generally seeks to identify small or mid-capitalization companies with sustainable competitive advantages, strong balance sheets, high quality management teams, and then tries to acquire these companies at reasonable valuations.

Portfolio Manager(s)

Name Start Date
Christopher Guthrie 08-01-2023
Alex Etsell 08-01-2023
Hillsdale Investment Management Inc. 08-01-2023

Management and Organization

Fund Manager Northwest & Ethical Investments L.P.
Advisor Northwest & Ethical Investments L.P.
Custodian Desjardins Trust Inc.
Registrar Northwest & Ethical Investments L.P.
Distributor Credential Asset Management Inc.
Auditor Ernst & Young LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.59%
Management Fee 1.95%
Load Choice of Front or Back
FE Max 5.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.75%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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