Investment Objective
To achieve high total income return. The fund invests primarily in High Yield debt securities of foreign (U.S.A. and Western Europe) and Canadian companies, such as corporate bonds with medium to long terms. The fund may also invest in convertible debentures, prefered shares and mortgage-backed securities.
Fund Details
Investment horizon
At least 5 year
Fund volatility
Low to Medium
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$1,390.1
Price per Unit:
$7.61
Inception Date:
April 16, 2008
Value of $10,000 over 10 years:
$15,785
Benchmark Index:
ICE BofAML US Cash Pay High Yield Index
Management Fee:
0.70%
MER:
0.98%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
J.P. Morgan Investment Management Inc.
Management Fee Reduction Plan¹
For High Net Worth investors
Amount Applicable
| Level | to the level* | Reduction |
|---|---|---|
| 1 | First $250,000 | 0.050% |
| 2 | Next $250,000 | 0.100% |
| 3 | In excess of $500,000 | 0.150% |
¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the assets.
Available Fund Code:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC413 |
| Deferred Sales Charge | NBC513 |
| Low Sales Charge | NBC613 |
| F Series | NBC713 |
| F5 Series | NBC5713 |
| O Series | NBC313 |
| T5 Series | |
| Initial Sales Charge | NBC5413 |
| Deferred Sales Charge | NBC5513 |
| Low Sales Charge | NBC5613 |
Portfolio Asset Mix (% of Net Assets)
| Foreign high yield bonds | 66.65% |
| Foreign Corp Bonds - Other | 14.85% |
| Cash and Equivalents | 14.80% |
| Foreign Corp Bonds - Invest Gr | 1.54% |
| Foreign Government Bonds | 0.86% |
| Cdn Corp Bonds - Other | 0.79% |
| Canadian Provincial Bonds | 0.51% |
| Credit Rating | % |
|---|---|
| AA | 1.22 |
| BBB | 10.32 |
| BB | 58.04 |
| B | 20.26 |
| CCC | 10.03 |
| CC | 0.13 |
| Average Duration (Years) | 2.21 |
| Average Maturity (Years) | 3.98 |
| Average Coupon | 6.26 |
| Gross Yield to Maturity (%)† | 6.11 |
| Gross Current Yield (%)‡ | 6.17 |
| Top Holdings | % |
|---|---|
| CCO Holdings LLC 4.75% 01-Mar-2030 | 1.46 |
| Cooper-Standard Automotive Inc 13.50% 31-Mar-2027 | 0.85 |
| CCO Holdings LLC 4.25% 01-Feb-2031 | 0.69 |
| CCO Holdings LLC 5.00% 01-Feb-2028 | 0.64 |
| CCO Holdings LLC 4.50% 15-Aug-2030 | 0.59 |
| Dish Network Corp 11.75% 15-Nov-2027 | 0.59 |
| Ford Motor Credit Co LLC 4.54% 01-Jun-2026 | 0.56 |
| Sirius XM Radio LLC 4.00% 15-Jul-2028 | 0.56 |
| Lumen Technologies Inc 10.00% 15-Oct-2032 | 0.54 |
| DISH DBS Corp 5.25% 01-Dec-2026 | 0.52 |
| Total of Top Holdings of the Fund (% of Net Assets): |
7.00 |
| Total Number of Securities Held: | 696 |
| Allocation by Maturity | % |
|---|---|
| Short Term | 66.81 |
| Mid Term | 32.79 |
| Long Term | 0.40 |
Calendar Returns (%)
| YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 0.18 | 6.46 | 6.35 | 10.32 | -10.28 | 4.53 | 0.65 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.18 | 1.07 | 2.54 | 5.40 | 6.49 | 3.21 | 4.67 | 4.84 |
†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.