Investment Objective
To provide regular income and to achieve moderate capital growth by investing in a diversified portfolio comprised primarily of Canadian fixed income and equity securities. The fund may invest approximately 30% of its assets in equity or fixed-income securities of foreign issuers.
Fund Details
Investment horizon
At least 3 years
Fund volatility
Low to Medium
Style: Blend, Sector Deviation: Moderate, Market cap: Large
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$100.7
Price per Unit:
$10.53
Inception Date:
October 7, 2010
Value of $10,000 over 10 years:
$15,019
Benchmark Index:
Morningstar Canada Liquid Bond (70%)
S&P/TSX Composite (25%)
FTSE Can. 91 T-Bills (5%)
Management Fee:
0.65%
MER:
0.84%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Jarislowsky, Fraser Limited
Management Fee Reduction Plan¹
For High Net Worth investors
Amount Applicable
| Level | to the level* | Reduction |
|---|---|---|
| 1 | First $250,000 | 0.025% |
| 2 | Next $250,000 | 0.050% |
| 3 | In excess of $500,000 | 0.075% |
¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the assets.
Available Fund Codes:
| Advisor Series | |
|---|---|
| No-load | NBC3400 |
| Low Sales Charge | NBC3600 |
| F Series | NBC3700 |
Portfolio Asset Mix (% of Net Assets)
| Domestic Bonds | 70.02% |
| Canadian Equity | 22.78% |
| Cash and Equivalents | 2.82% |
| International Equity | 2.23% |
| US Equity | 1.83% |
| Foreign Bonds | 0.32% |
| Sector Allocation | % |
|---|---|
| Financial Services | 37.60 |
| Energy | 16.73 |
| Consumer Goods & Services | 9.31 |
| Industrial Goods & Services | 9.09 |
| Basic Materials | 7.86 |
| Healthcare | 6.82 |
| Real Estate | 6.26 |
| Telecommunications | 3.54 |
| Technology | 2.79 |
| Credit Rating | % |
|---|---|
| AA | 69.42 |
| A | 22.86 |
| BBB | 7.72 |
| Average Duration (Years) | 6.95 |
| Gross Yield to Maturity (%)† | 3.58 |
| Gross Current Yield (%)‡ | 4.01 |
| Top Holdings | % |
|---|---|
| Ontario Province 2.80% 02-Jun-2048 | 3.39 |
| Canada Government 1.25% 01-Mar-2027 | 2.46 |
| Ontario Province 3.95% 02-Dec-2035 | 2.36 |
| Canada Government 3.00% 01-Jun-2034 | 2.28 |
| Quebec Province 5.00% 01-Dec-2041 | 1.93 |
| Canada Government 2.75% 01-Dec-2055 | 1.57 |
| Royal Bank of Canada | 1.49 |
| Toyota Credit Canada Inc 4.52% 19-Mar-2027 | 1.40 |
| Canada Government 3.25% 01-Jun-2035 | 1.38 |
| Toronto-Dominion Bank | 1.33 |
| Total of Top Holdings of the Fund (% of Net Assets): |
19.59 |
| Total Number of Securities Held: | 201 |
Calendar Returns (%)
| YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 0.23 | 5.39 | 7.90 | 8.36 | -9.41 | 6.35 | 6.73 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.23 | 0.24 | 3.59 | 4.01 | 5.94 | 3.62 | 4.15 | 4.64 |
†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.