Investment Objective
To ensure maximum protection of capital while providing a competitive short-term rate of return. This fund invests its net assets primarily in debt securities of corporations and of Canadian federal, provincial and municipal governments. It is expected that investments in securities of foreign issuers in Canadian dollars will not exceed approximately 15% of the fund’s net assets.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$1,000
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$135.8
Price per Unit:
$10.00
Inception Date:
December 21, 1990
Value of $10,000 over 10 years:
$11,444
Benchmark Index:
FTSE Can T-91
Management Fee:
0.75%
MER:
0.94%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Fiera Capital Corporation
Available Fund Codes:
| Investor Series | NBC815 |
Portfolio Asset Mix
(% of Net Assets)
| Cash and Equivalents | 96.28% |
| Cdn Corp Bonds - Other | 2.23% |
| Cdn Corp Bonds - Invest Grade | 0.75% |
| Canadian Provincial Bonds | 0.74% |
| Gross Yield to Maturity (%)† | 2.89 |
| Top Holdings | % |
|---|---|
| Alberta Province 23-Jan-2026 | 4.17 |
| Fédération des caisses Desjardins | 3.47 |
| Alberta Province 18-Feb-2026 | 3.04 |
| Ontario Province 13-Aug-2025 | 2.55 |
| Ontario Province 20-Aug-2025 | 2.34 |
| Scotiabank 3.04% 23-Sep-2025 | 2.21 |
| Toronto-Dominion Bank 3.04% 21-Jul-2026 | 2.21 |
| City of Ottawa | 2.09 |
| National Bank of Canada 2.89% 26-Jan-2026 | 1.99 |
| Province of British Columbia | 1.89 |
| Total of Top Holdings of the Fund (% of Net Assets): |
25.96 |
| Total Number of Securities Held: | 133 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 1.30 | 3.96 | 4.02 | 1.26 | 0.15 | 0.40 | 1.21 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.16 | 0.50 | 1.06 | 2.75 | 3.45 | 2.14 | 1.36 | 2.45 |
†The rate of return anticipated on a bond if it is held until the maturity date expressed as an annual rate. It is assumed that all coupons are reinvested at the same rate.
Disclosure
NBI Mutual Funds (the “Funds”) are offered by National Bank Investments Inc. an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus of the Funds before investing. The indicated rates of return are the historical annual compounded total returns which include changes in the value of securities and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The Funds’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a fund will be returned. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.