Investment Objective
To provide a high level of current income and some capital growth while following a sustainable approach to investing. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of bonds issued by governments or corporations located around the world. The fund may invest up to 100% of its assets in foreign securities.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$196.5
Price per Unit:
$9.87
Inception Date:
November 4, 2024
Value of $10,000 since inception:
-
Benchmark Index:
Bloomberg Global Aggregate Index
Management Fee:
0.65%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Nuveen Asset Management, LLC
Available Fund Codes:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC5416 |
| F Series | NBC5716 |
| O Series | NBC9316 |
Portfolio Asset Mix
(% of Net Assets)
| Foreign Government Bonds | 43.06% |
| Foreign Corp Bonds - Invest Gr | 21.51% |
| Foreign Corp Bonds - Other | 15.09% |
| Cash and Equivalents | 9.64% |
| Canadian Government Bonds | 3.16% |
| Canadian Provincial Bonds | 2.87% |
| Other | 2.58% |
| Cdn Corp Bonds - Invest Grade | 2.09% |
| Average Duration (Years) | |
| Average Maturity (Years) | 9.91 |
| Gross Yield to Maturity (%)† | |
| Gross Current Yield (%)‡ | 3.37 |
| Top Holdings | % |
|---|---|
| United States Treasury 4.25% 15-May-2035 | 3.36 |
| Government of the United States 3.75% 30-Jun-2027 | 3.35 |
| Government of the United States 4.00% 30-Jun-2032 | 2.20 |
| United Kingdom Government 4.25% 31-Jul-2034 | 2.06 |
| Government of the United States 3.88% 30-Jun-2030 | 1.70 |
| KfW 2.63% 10-Jan-2034 | 1.62 |
| Germany Government 2.60% 15-May-2041 | 1.53 |
| United States Treasury 4.63% 15-Feb-2055 | 1.53 |
| France Government 0.75% 25-Nov-2028 | 1.23 |
| Ontario Province 1.35% 08-Sep-2026 | 1.23 |
| Total of Top Holdings of the Fund (% of Net Assets): |
19.81 |
| Total Number of Securities Held: | 267 |
| Allocation by Maturity | % |
|---|---|
| Short Term | 40.34 |
| Mid Term | 24.75 |
| Long Term | 34.91 |
Calendar Returns (%)
Regulations restrict the presentation of performance figures until a fund reaches its one - year
anniversary.
Annualized Returns (%)
Regulations restrict the presentation of performance figures until a fund reaches its one - year
anniversary.
†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.
Disclosure
NBI Mutual Funds (the “Funds”) are offered by National Bank Investments Inc. an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus of the Funds before investing. The indicated rates of return are the historical annual compounded total returns which include changes in the value of securities and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The Funds’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a fund will be returned. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.