Investment Objective
To generate income and capital growth, while focusing on capital preservation. To do this the fund invests directly, or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a diverse portfolio mainly composed of bonds and other foreign fixed income securities with various maturities and credit ratings.
Fund Details
Investment horizon
At least 3 years
Fund volatility
Low
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$1,211.7
Price per Unit:
$8.95
Inception Date:
May 24, 2016
Value of $10,000 since inception:
$10,342
Benchmark Index:
Bloomberg Global Aggregate Index (CAD Hedged)
Management Fee:
1.35%
MER:
1.64%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Insight North America LLC
Available Fund Codes:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC425 |
| Deferred Sales Charge | NBC525 |
| Low Sales Charge | NBC625 |
| Advisor- U.S. $ Series | |
| Initial Sales Charge | NBC5433 |
| Deferred Sales Charge | NBC5533 |
| Low Sales Charge | NBC5633 |
| Advisor_2 Series | |
| Initial Sales Charge | NBC6425 |
| Deferred Sales Charge | NBC6527 |
| Low Sales Charge | NBC6625 |
| F Series | NBC725 |
| F- U.S. $ Series | |
| F_US Series | NBC5733 |
| F_2 Series | NBC6725 |
| FT Series | NBC727 |
| FT- U.S. $ Series | |
| FT_US Series | NBC5734 |
| FT_2 Series | |
| F_2 Series | NBC6727 |
| O Series | NBC327 |
| O_US Series | NBC3333 |
| T Series | |
| Initial Sales Charge | NBC427 |
| Deferred Sales Charge | NBC527 |
| Low Sales Charge | NBC627 |
| T- U.S. $ Series | |
| Initial Sales Charge | NBC5434 |
| Deferred Sales Charge | NBC5534 |
| Low Sales Charge | NBC5634 |
| T_2 Series | |
| Initial Sales Charge | NBC6427 |
Portfolio Asset Mix (% of Net Assets)
| Foreign Government Bonds | 79.54% |
| Foreign Corp Bonds - Other | 7.87% |
| Foreign Corp Bonds - Invest Gr | 4.93% |
| Bonds - Other | 2.86% |
| Cash and Equivalents | 1.85% |
| Canadian Government Bonds | 1.24% |
| Canadian Provincial Bonds | 0.95% |
| Other | 0.76% |
| Credit Rating | % |
|---|---|
| AAA | 16.00 |
| AA | 51.40 |
| A | 19.20 |
| BBB | 9.20 |
| <= BB | 4.20 |
| Average Duration (Years) | 6.30 |
| Average Maturity (Years) | 11.00 |
| Gross Yield to Maturity (%)† | 2.90 |
| Gross Current Yield (%)‡ | 3.70 |
| Top Holdings | % |
|---|---|
| iShares China CNY Bond UCITS ETF USD | 9.84 |
| Australia Government 4.25% 21-Dec-2035 | 5.98 |
| United States Treasury 4.25% 15-Aug-2035 | 4.98 |
| United States Treasury 3.88% 30-Jun-2030 | 4.91 |
| United States Treasury 4.00% 31-Mar-2030 | 4.77 |
| United States Treasury 4.00% 28-Feb-2030 | 4.08 |
| United States Treasury 3.88% 15-Aug-2034 | 3.57 |
| Italy Government 4.40% 01-May-2033 | 1.69 |
| Colombia Government 13.25% 09-Feb-2033 | 1.50 |
| Italy Government 4.30% 01-Oct-2054 | 1.50 |
| Total of Top Holdings of the Fund (% of Net Assets): |
42.82 |
| Total Number of Securities Held: | 196 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 2.04 | 1.76 | 5.44 | -11.77 | -3.07 | 5.39 | 6.48 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.39 | 1.81 | 1.10 | 2.27 | 3.75 | -1.00 | - | 0.36 |
†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.