Investment Objective
To provide current income while focusing on capital preservation. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of fixed-income securities of issuers around the world selected using different non-traditional investment strategies.
Fund Details
Investment horizon
At least 3 years
Fund volatility
Low to Medium
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$2,640.0
Price per Unit:
$10.70
Inception Date:
May 13, 2022
Value of $10,000 since inception:
$11,973
Benchmark Index:
Bloomberg Global Aggregate Bond Index (CAD Hedged)
Management Fee:
0.60%
MER:
0.92%
Portfolio Manager:
National Bank Investments Inc.
Available Fund Codes:
| F Series | NBC4048 |
Portfolio Asset Mix (% of Net Assets)
| Foreign Bonds | 62.07% |
| International Equity | 22.30% |
| Cash and Equivalents | 5.80% |
| Other | 5.55% |
| Domestic Bonds | 3.81% |
| US Equity | 0.22% |
| Canadian Equity | 0.20% |
| Income Trust Units | 0.05% |
| Average Duration (Years) | 5.01 |
| Average Maturity (Years) | 9.44 |
| Gross Yield to Maturity (%)† | 5.05 |
| Gross Current Yield (%)‡ | 5.07 |
| Top Holdings | % |
|---|---|
| NBI Unconstrained Fixed Income ETF (NUBF) | 32.25 |
| Purpose Structured Equity Yield Fund | 22.27 |
| NBI High Yield Bond ETF (NHYB) | 10.66 |
| RP Strategic Income Plus Fund Class | 9.97 |
| iShares China CNY Bond UCITS ETF USD | 0.73 |
| United States Treasury 4.25% 15-Aug-2035 | 0.56 |
| Australia Government 4.25% 21-Dec-2035 | 0.44 |
| United States Treasury 3.88% 30-Jun-2030 | 0.37 |
| United States Treasury 4.00% 31-Mar-2030 | 0.35 |
| United States Treasury 4.00% 28-Feb-2030 | 0.30 |
| Total of Top Holdings of the Fund (% of Net Assets): |
77.90 |
| Total Number of Securities Held: | 1207 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 5.25 | 6.13 | 9.05 | - | - | - | - |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.35 | 2.04 | 4.97 | 5.59 | 7.49 | - | - | 5.35 |
†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.