Investment Objective
The NBI Liquid Alternatives ETF’s investment objective is to provide a positive return that exceeds the return of Government of Canada 91-day Treasury bills over a market cycle, regardless of prevailing market conditions or general market direction. The NBI ETF’s secondary investment objective is to provide a lower volatility and a low correlation to the return of the major North American equity markets. The NBI ETF will seek to achieve this objective by investing primarily in long and short positions on financial derivatives that provide exposure to major asset classes such as government bonds, currencies, equities and commodities.
ETF Details
Ticker:
NALT
Stock Exchange:
TSX
Currency:
CAD
CUSIP:
62877T106
Inception Date:
January 15, 2019
Management Fee:
0.60%
MER:
0.64%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
-
ETF Characteristics
Net Assets (M):
$346.8
Units Outstanding:
16.32
Market Price/Unit:
$21.24
Income Distributions
Distribution Frequency:
Quarterly
Distribution Yield (%):
8.47%
Trailing Distribution Yield:
3.01%
Who is this ETF for?
Investors who:
- are looking to invest for the long term (at least five years);
- are looking to diversify their investment portfolio with a low correlation investment;
- are looking for an alternative investment strategy based on quantitative analysis
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nbinvestments.ca/etfAsset Mix (% of Net Assets)
| Foreign Government Bonds | 36.13% |
| Cash and Equivalents | 24.61% |
| Derivatives | 24.00% |
| Commodities | 15.26% |
| Sector Allocation | % |
|---|---|
| Other | 39.26 |
| Fixed Income | 36.13 |
| Cash and Cash Equivalent | 24.61 |
| Last Distribution Per Share | 0.45 |
| Top Holdings | % |
|---|---|
| 3 MONTH SOFR FUT , September 25 | 24.00 |
| US 2-year Treasury , September 25 | 23.68 |
| British Pound , September 25 | 19.34 |
| 5yr United States Notes Index , September 25 | 10.17 |
| Gold 100 oz , August 25 | 7.53 |
| Japanese Yen , September 25 | 6.95 |
| Silver , September 25 | 5.51 |
| US 10-year Treasury Note , September 25 | 4.24 |
| Copper , September 25 | 3.91 |
| Heating oil , July 25 | 1.62 |
| Total of Top Holdings of the Fund (% of Net Assets): |
106.95 |
| Total Number of Securities Held: | 22 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| -1.93 | -2.46 | -0.46 | 8.58 | 6.67 | 10.45 | - |
Annual Compound Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| -0.36 | -5.12 | -1.93 | -8.18 | -2.53 | 4.04 | - | 4.11 |
Disclosure
NBI ETFs are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus or ETF Facts document(s) before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. NBI ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent NBI ETF returns. The indicated rates of return are the historical total returns for the periods including changes in unit value and reinvestment of all distributions and do not take into account redemption, commission charges or income taxes payable by any unitholder that would have reduced returns. Past performance may not be repeated.