Investment Objective
This ETF’s investment objective is to provide a steady flow of income with an emphasis on capital preservation while focusing on debt instruments designed to raise funds that promote a positive environmental and/or social impact and/or contribute to sustainable development. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of high quality Canadian corporate fixed-income securities with relatively shorter terms to maturity. It may also invest in short-term fixed income securities issued by federal, provincial or municipal governments in Canada.
ETF Details
Ticker:
NSSB
Stock Exchange:
TSX
Currency:
CAD
CUSIP:
63947C107
Inception Date:
January 20, 2022
Management Fee:
0.25%
MER:
0.28%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
AlphaFixe Capital Inc.
ETF Characteristics
Net Assets (M):
$47.9
Units Outstanding:
4.65
Market Price/Unit:
$10.30
Income Distributions
Distribution Frequency:
Monthly
Distribution Yield (%):
3.03%
Trailing Distribution Yield:
3.14%
Who is this ETF for?
Investors who:
- are looking to invest for the short to medium term (at least one year);
- are looking for an actively managed portfolio that differs from market indices;
- wish to invest in a socially responsible way.
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nbinvestments.ca/etfAsset Mix (% of Net Assets)
| Canadian Corporate Bonds | 77.44% |
| Canadian Government Bonds | 21.33% |
| Cash and Equivalents | 1.23% |
| Average Duration (Years) | 2.93 |
| Average Maturity (Years) | 3.19 |
| Gross Yield to Maturity (%)1 | 3.21 |
| Gross Current Yield (%)2 | 3.57 |
| Last Distribution Per Share | 0.03 |
| Credit Rating | % |
|---|---|
| AAA | 13.80 |
| AA | 12.10 |
| A | 45.70 |
| BBB | 28.00 |
| <= BB | 0.40 |
| Top Holdings | % |
|---|---|
| Canada Government 2.25% 01-Dec-2029 | 13.71 |
| Canadian Imperial Bank Commrce 2.25% 07-Jan-2027 | 4.48 |
| Bank of America Corp 3.62% 16-Mar-2027 | 2.95 |
| Bank of Montreal 4.71% 07-Nov-2027 | 2.69 |
| Toronto-Dominion Bank 5.49% 08-Sep-2028 | 2.65 |
| Bell Canada 2.20% 29-Mar-2028 | 2.62 |
| Ivanhoe Cambridge II Inc 4.99% 02-Jun-2028 | 2.40 |
| Royal Bank of Canada 3.99% 22-Jul-2030 | 2.34 |
| OMERS Realty Corp 5.38% 14-Nov-2028 | 2.21 |
| Bank of Nova Scotia 3.84% 26-Sep-2029 | 2.17 |
| Total of Top Holdings of the Fund (% of Net Assets): |
38.22 |
| Total Number of Securities Held: | 69 |
Calendar Returns (%)
| YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 0.54 | 4.52 | 6.97 | 6.56 | - | - | - |
Annual Compound Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 0.54 | 0.44 | 2.39 | 4.12 | 5.65 | - | - | 3.92 |
The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
¹The 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.
²Annual 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.