Investment Objective
To provide current income and sustained capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of Canadian or U.S. government or corporate bonds denominated in U.S. dollars.
Fund Details
Investment horizon
Fund volatility
Low to Medium
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$107.0
Price per Unit:
$9.79
Inception Date:
May 13, 2022
Value of $10,000 since inception:
$10,950
Benchmark Index:
Bloomberg Global Aggregate Bond Index (USD)
Management Fee:
0.40%
MER:
0.57%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Fiera Capital Corporation
Available Fund Codes:
| F- U.S. $ Series | NBC4025 |
Portfolio Asset Mix (% of Net Assets)
| Foreign Government Bonds | 50.01% |
| Foreign Corp Bonds - Invest Gr | 23.84% |
| Cash and Equivalents | 18.40% |
| Bonds - Other | 7.75% |
| Credit Rating | % |
|---|---|
| AAA | 1.03 |
| AA | 68.37 |
| A | 17.33 |
| BBB | 13.26 |
| Average Duration (Years) | 6.23 |
| Average Maturity (Years) | 10.35 |
| Gross Yield to Maturity (%)† | 4.43 |
| Gross Current Yield (%)‡ | 4.03 |
| Top Holdings | % |
|---|---|
| United States Treasury 4.38% 31-Jul-2026 | 11.74 |
| United States Treasury 1.63% 15-Aug-2029 | 11.48 |
| United States Treasury 4.13% 15-Nov-2032 | 7.63 |
| United States Treasury 2.25% 15-Feb-2052 | 7.17 |
| United States Treasury 1.13% 15-Feb-2031 | 3.11 |
| United States Treasury 4.63% 15-Feb-2055 | 2.88 |
| Bank of Nova Scotia 4.59% 05-Feb-2032 | 1.82 |
| United States Treasury 2.00% 15-Feb-2050 | 1.77 |
| Comision Federal Electricidad 6.45% 24-Oct-2034 | 1.73 |
| JPMorgan Chase & Co 2.95% 24-Feb-2027 | 1.72 |
| Total of Top Holdings of the Fund (% of Net Assets): |
51.05 |
| Total Number of Securities Held: | 60 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 5.93 | 1.31 | 5.63 | - | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.53 | 2.16 | 2.73 | 4.94 | 5.47 | - | - | 2.66 |
†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.