(As of 11/30/2025)

NBI U.S. Equity Private Portfolio Advisor Series

(U.S. Equity)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2023
2022
2021
2020



Inception Return
(7/14/2015)
15.56 %
YTD Return 10.33 %
NAVPS
(12/23/2025)
$27.31
Change $0.01 / 0.03 %
Growth of $10,000 (As of November 30, 2025)
MER 1.82 %
Assets ($mil) $4,398.88
Rank (1Yr) 551/1295
Std Dev (3Yr) 14.01 %
Volatility Ranking (3Yr) 7/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
The NBI U.S. Equity Private Portfolio’s investment objective is to provide long-term capital growth. The fund invests, directly or through investments in securities of other mutual funds, in a diversified portfolio consisting primarily of common shares of U.S. companies.
Fund Manager

National Bank Investments Inc.

Portfolio Manager

John Goldsmith, Montrusco Bolton Investments Inc.

Jean-David Meloche, Montrusco Bolton Investments Inc.

Robert Hiscock, Montrusco Bolton Investments Inc.

Marc Lecavalier, Montrusco Bolton Investments Inc.

Sub-Advisor
-
 
Asset Allocation
(As of November 30, 2025)
Sector Allocation
(As of November 30, 2025)
Geographic Allocation
(As of November 30, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
Microsoft CorpUS EquityTechnologyUnited States9.12%
NVIDIA CorpUS EquityTechnologyUnited States8.19%
Alphabet Inc Cl AUS EquityTechnologyUnited States7.58%
Amazon.com IncUS EquityConsumer ServicesUnited States6.25%
Apple IncUS EquityTechnologyUnited States6.14%
Mastercard Inc Cl AUS EquityFinancial ServicesUnited States4.57%
Waste Connections IncCanadian EquityIndustrial ServicesCanada4.45%
Danaher CorpUS EquityHealthcareUnited States4.14%
Zoetis Inc Cl AUS EquityHealthcareUnited States3.90%
Synopsys IncUS EquityTechnologyUnited States3.86%

Performance Data (As of November 30, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.45 4.65 13.76 10.33 10.77 18.53 15.85 15.59
Benchmark -0.03 8.17 18.44 14.45 14.74 21.96 17.03 15.16
Quartile Ranking 3 3 3 3 2 3 1 1

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 22.60 28.73 -13.12 33.98 25.88 26.31 6.13 17.81 4.22 -     
Benchmark 36.01 23.32 -12.52 28.16 16.07 25.18 3.98 13.80 8.65 20.77
Quartile Ranking 3 1 2 1 1 2 1 2 3 -

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