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):
$95.6
Price per Unit:
$10.42
Inception Date:
October 7, 2010
Value of $10,000 over 10 years:
$14,711
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 | 67.88% |
| Canadian Equity | 23.88% |
| Cash and Equivalents | 3.35% |
| International Equity | 2.26% |
| US Equity | 1.85% |
| Foreign Bonds | 0.78% |
| Sector Allocation | % |
|---|---|
| Financial Services | 32.22 |
| Energy | 16.96 |
| Industrial Goods & Services | 12.00 |
| Basic Materials | 8.07 |
| Consumer Goods & Services | 8.07 |
| Technology | 7.11 |
| Healthcare | 6.61 |
| Real Estate | 5.39 |
| Telecommunications | 3.57 |
| Credit Rating | % |
|---|---|
| AA | 70.08 |
| A | 21.79 |
| BBB | 8.13 |
| Average Duration (Years) | 7.01 |
| Gross Yield to Maturity (%)† | 3.82 |
| Gross Current Yield (%)‡ | 4.09 |
| Top Holdings | % |
|---|---|
| Canada Government 3.25% 01-Dec-2035 | 4.48 |
| Ontario Province 2.80% 02-Jun-2048 | 2.81 |
| Canada Government 1.50% 01-Dec-2031 | 2.39 |
| Canada Housing Trust 3.50% 15-Mar-2036 | 1.87 |
| Ontario Province 3.95% 02-Dec-2035 | 1.77 |
| Canada Government 4.00% 01-Jun-2041 | 1.59 |
| Canada Government 2.75% 01-Dec-2055 | 1.57 |
| Canadian Imperial Bank Commrce 4.95% 29-May-2027 | 1.29 |
| Quebec Province 3.50% 01-Dec-2048 | 1.29 |
| Pembina Pipeline Corp | 1.28 |
| Total of Top Holdings of the Fund (% of Net Assets): |
20.34 |
| Total Number of Securities Held: | 196 |
Calendar Returns (%)
| YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -0.16 | 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. |
|---|---|---|---|---|---|---|---|
| -2.65 | -0.16 | -0.23 | 3.30 | 5.81 | 3.34 | 3.94 | 4.56 |
†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.