NREA.TO
NBI Global Real Assets Income Fund
Global
EQUITY
Active
MANAGEMENT STYLE
$ 1.5 B
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Aug 08, 2019 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NEXTERA ENERGY GROUP | 6.3 % |
| ENTERGY CORP | 5.5 % |
| XCEL ENERGY INC | 4.9 % |
| AENA SME SA | 4.4 % |
| WILLIAMS COS INC | 4.2 % |
| SEMPRA ENERGY | 4.1 % |
| TRANSURBAN GROUP | 3.3 % |
| ENEL SPA | 3.2 % |
| ENBRIDGE INC | 3.1 % |
| IBERDROLA SA | 3.1 % |
Constituent Breakdown
| Number of holdings | 82 |
| Herfindahl-Hirschman Index | 265 |
| Wgt avg mkt cap (mns) | $53,272 |
| Large cap (>$10bn) | 82.7% |
| Mid cap ($2-10bn) | 11.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 89.2% |
| Emerging mkts. | 4.6% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 53.9 % |
 |
CANADA | 7.3 % |
 |
AUSTRALIA | 6.2 % |
 |
SPAIN | 4.5 % |
 |
FRANCE | 4.2 % |
 |
MEXICO | 4.1 % |
 |
BRITAIN | 4.0 % |
 |
ITALY | 3.3 % |
 |
GERMANY | 3.1 % |
 |
NEW ZEALAND | 1.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.7% | 7.4% | 11.6% | 9.4% | 5.5% | -- | -- | 2.9% |
| Dividend Yield | 0.6% | 2.1% | 2.2% | 2.9% | 3.7% | -- | -- | 3.7% |
| Total Returns | 10.3% | 9.4% | 13.8% | 12.3% | 9.3% | -- | -- | 6.5% | Ann. Volatility | 13.2% | 12.1% | 14.0% | 13.0% | 13.7% | -- | -- | 18.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.18 | 3% |
| MSCI EAFE | 0.28 | 12% |
| MSCI Emg Mkts | 0.14 | 5% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $27.90 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.02/0.02 |
| Bollinger Bands (Upper/Lower) | $28.40/$27.50 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NREA.TO |
Expenses vs. NREA.TO |
ALTAR Score™ vs. NREA.TO |
|---|---|---|---|---|
| RIIN.TO | Russell Investments Global Infrastructure Pool | 60.0% | +15 bp | -0.4% |
| TINF.TO | TD Active Global Infrastructure Equity ETF | 52.2% | -15 bp | +0.3% |
| QINF.TO | Mackenzie Global Infrastructure Index ETF | 51.5% | -40 bp | +1.0% |
| ZGI.TO | BMO Global Infrastructure Index ETF | 31.0% | -25 bp | +1.3% |
| FCII.TO | Franklin ClearBridge Global Infrastructure Income Fund | 30.2% | +5 bp | -0.1% |
| HUTL.TO | Harvest Utilities Leaders Income ETF | 13.9% | -30 bp | +1.8% |
| BGIE.TO | Brompton Global Infrastructure ETF | 13.0% | -5 bp | -1.2% |
| IGET.TO | Invesco Morningstar Global Energy Transition Index ETF | 12.9% | -45 bp | -1.0% |
| ZLU.TO | BMO Low Volatility US Equity ETF | 11.6% | -50 bp | +2.2% |
| MINF.TO | Middlefield Global Infrastructure Dividend ETF | 10.6% | +114 bp | -1.2% |
Risk and Returns: NREA.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.4%
ALTAR SCORE™
52nd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. NREA.TO's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places NREA.TO in the 52nd percentile
among funds in the category.
Sell-Side Consensus
$29.66
PRICE TARGET
+9.0%
UPSIDE