Investment Objective
The fund’s objective is to provide current income while focusing on capital preservation and purchasing power, yet remaining an investment that is presumed sound within the meaning of the Civil Code of Québec. The fund invests directly, or through investments in securities of other mutual funds (that may include exchange-traded funds ("ETFs")), in a portfolio composed mainly of Canadian and foreign equity and fixed-income securities. It is expected that investments in foreign securities will not exceed approximately 30% of the fund’s assets.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$103.6
Price per Unit:
$10.51
Inception Date:
May 21, 2019
Value of $10,000 since inception:
$12,198
Benchmark Index:
Morningstar Canada Liquid Bond (70%)
Morningstar Canada Large-Mid (30%)
Management Fee:
1.25%
MER:
1.54%
Portfolio Manager:
National Bank Investments Inc.
Available Fund Codes:
| Investor Series | NBC9899 |
Portfolio Asset Mix
(% of Net Assets)
| Domestic Bonds | 55.29% |
| Canadian Equity | 16.13% |
| International Equity | 12.58% |
| Cash and Equivalents | 5.90% |
| Other | 5.06% |
| US Equity | 3.97% |
| Foreign Bonds | 0.59% |
| Income Trust Units | 0.48% |
| Sector Allocation | % |
|---|---|
| Mutual Fund | 26.00 |
| Financial Services | 15.77 |
| Utilities | 13.63 |
| Energy | 13.55 |
| Other | 13.21 |
| Industrial Goods & Services | 7.72 |
| Telecommunications | 2.64 |
| Basic Materials | 2.54 |
| Technology | 1.99 |
| Consumer Goods & Services | 1.54 |
| Real Estate | 1.33 |
| Healthcare | 0.08 |
| Credit Rating | % |
|---|---|
| AAA | 1.19 |
| AA | 29.26 |
| A | 12.78 |
| BBB | 52.88 |
| BB | 3.89 |
| Gross Current Yield (%)‡ | 4.67 |
| Top Holdings | % |
|---|---|
| NBI Corporate Bond Fund | 60.55 |
| NBI SmartBeta Global Equity Fund | 9.93 |
| NBI Preferred Equity Fund | 9.58 |
| NBI Global Real Assets Income ETF (NREA) | 7.53 |
| NBI Canadian High Conviction Equity Private Pf GP | 7.43 |
| NBI Liquid Alternatives ETF (NALT) | 4.75 |
| Total of Top Holdings of the Fund (% of Net Assets): |
99.77 |
| Total Number of Securities Held: | 7 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 3.22 | 10.73 | 6.84 | -9.18 | 3.23 | 3.97 | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.38 | 2.08 | 1.48 | 6.98 | 6.28 | 3.32 | - | 3.26 |
‡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.