Investment Objective
To provide a high level of income, reasonable unit price stability and sustained capital growth. The fund invests primarily in Canadian federal and provincial bonds. It is expected that investments in foreign securities will not exceed approximately 30% of the fund’s net assets.
Fund Details
Investment horizon
At least 1 year
Fund volatility
Low
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$1,575.7
Price per Unit:
$9.80
Inception Date:
December 24, 2013
Value of $10,000 over 10 years:
$11,618
Benchmark Index:
FTSE Can. Univ. Bond
Management Fee:
0.75%
MER:
1.00%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Fiera Capital Corporation, RP Investment Advisors LP and Beutel, Goodman & Company Ltd
Available Fund Code:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC440 |
| Deferred Sales Charge | NBC540 |
| Low Sales Charge | NBC640 |
| F Series | NBC740 |
| O Series | NBC340 |
Portfolio Asset Mix (% of Net Assets)
| Canadian Provincial Bonds | 31.64% |
| Canadian Government Bonds | 27.08% |
| Cdn Corp Bonds - Invest Grade | 22.54% |
| Cdn Corp Bonds - Other | 11.68% |
| Cash and Equivalents | 4.64% |
| Other | 0.90% |
| Foreign Government Bonds | 0.89% |
| Foreign Corp Bonds - Other | 0.63% |
| Credit Rating | % |
|---|---|
| AAA | 1.72 |
| AA | 74.83 |
| A | 9.46 |
| BBB | 13.87 |
| BB | 0.12 |
| Average Duration (Years) | 7.28 |
| Average Maturity (Years) | 10.30 |
| Gross Yield to Maturity (%)† | 3.44 |
| Gross Current Yield (%)‡ | 3.73 |
| Top Holdings | % |
|---|---|
| Canada Government 3.00% 01-Jun-2034 | 1.95 |
| Canada Government 3.25% 01-Dec-2034 | 1.91 |
| Canada Government 2.75% 01-Dec-2055 | 1.83 |
| Ontario Province 4.70% 02-Jun-2037 | 1.38 |
| Canada Government 2.50% 01-Aug-2027 | 1.32 |
| Canada Government 3.25% 01-Jun-2035 | 1.26 |
| Canada Government 1.50% 01-Jun-2031 | 1.19 |
| Canada Government 0.50% 01-Dec-2030 | 1.12 |
| Ontario Province 3.60% 02-Jun-2035 | 1.11 |
| Canada Government 2.75% 01-Sep-2027 | 1.10 |
| Total of Top Holdings of the Fund (% of Net Assets): |
14.17 |
| Total Number of Securities Held: | 564 |
| Allocation by Maturity | % |
|---|---|
| Short Term | 28.03 |
| Mid Term | 35.15 |
| Long Term | 36.82 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 3.07 | 3.87 | 6.25 | -12.58 | -3.12 | 8.91 | 5.99 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.67 | 2.83 | 2.05 | 3.95 | 4.84 | -0.45 | 1.51 | 1.97 |
†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.