As at July 31, 2025

NBI Corporate Bond Fund

Investor Series

Category: Canadian Corporate Fixed Income

Investment Objective

To ensure long-term capital growth and to generate high income. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio comprised mainly of debt securities of Canadian and U.S. companies.

Fund Details

Investment horizon

At least 3 years

Fund volatility

Low

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Monthly

Assets Under Management ($M):

$1,200.3

Price per Unit:

$10.18

Inception Date:

June 1, 2010

Value of $10,000 over 10 years:

$11,526

Benchmark Index:

FTSE Can Corp. (CAD)

Management Fee:

1.25%

MER:

1.64%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Beutel, Goodman & Company Limited (Beutel), RP Investment Advisors LP (RPIA)

Available Fund Codes:

Investor Series NBC849

Portfolio Asset Mix

(% of Net Assets)

Cdn Corp Bonds - Invest Grade 49.63%
Cdn Corp Bonds - Other 26.98%
Cash and Equivalents 6.58%
Canadian Provincial Bonds 5.99%
Canadian Government Bonds 5.48%
Foreign Government Bonds 2.43%
Canadian high yield bonds 2.20%
Other 0.71%
Credit Rating %
AAA 1.38
AA 32.52
A 13.69
BBB 49.07
BB 3.34
Average Duration (Years) 5.82
Average Maturity (Years) 9.44
Gross Yield to Maturity (%) 4.09
Gross Current Yield (%) 4.70
Top Holdings %
Bank of Montreal 4.54% 18-Nov-2028 2.82
Bank of Montreal 6.53% 27-Oct-2032 2.04
Royal Bank of Canada 3.63% 10-Dec-2027 2.00
Canada Government 2.75% 01-Dec-2055 1.99
Chip Mortgage Trust 3.97% 01-Sep-2050 1.67
Royal Bank of Canada 4.21% 03-Jan-2026 1.37
Bank of Montreal 4.71% 07-Nov-2027 1.34
George Weston Ltd 4.19% 05-Sep-2029 1.18
Quebec Province 4.40% 01-Dec-2055 1.15
Canadian Imperial Bank Commrce 5.50% 14-Dec-2027 1.13
Total of Top Holdings of the Fund
(% of Net Assets):
16.69
Total Number of Securities Held: 227
Allocation by Maturity %
Short Term 42.75
Mid Term 27.85
Long Term 29.40

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
1.16 5.92 7.14 -11.28 -2.69 6.92 6.30

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
-0.02 0.34 0.20 3.95 3.85 -0.01 1.43 2.40

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.

Annual income paid by a bond or a stock, expressed as a percentage of its current market price. It does not include any capital gains or losses that may be realized upon maturity.

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.