Investment Objective
To generate high dividend income while focusing on capital preservation. This fund invests directly, or through investments in securities of other mutual funds, in a portfolio mainly composed of preferred shares of Canadian companies and other income generating Canadian equities. It is expected that investments in foreign securities will not exceed approximately 30% of the fund's net asset value.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Monthly
Assets Under Management ($M):
$32.4
Price per Unit:
$9.95
Inception Date:
October 12, 2012
Value of $10,000 over 10 years:
$17,632
Benchmark Index:
S&P/TSX Preferred
Management Fee:
0.50%
MER:
0.72%
Portfolio Manager:
National Bank Investments Inc.
Sub-Advisor:
Fiera Capital Corporation
Management Fee Reduction Plan¹
For High Net Worth investors
Amount Applicable
| Level | to the level* | Reduction |
|---|---|---|
| 1 | First $250,000 | 0.025% |
| 2 | Next $250,000 | 0.050% |
| 3 | In excess of $500,000 | 0.100% |
¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the
assets.
Available Fund Codes:
| Advisor Series | |
|---|---|
| Initial Sales Charge | NBC410 |
| Deferred Sales Charge | NBC510 |
| Low Sales Charge | NBC610 |
| F Series | NBC710 |
| O Series | NBC310 |
Portfolio Asset Mix
(% of Net Assets)
| Canadian Preferred Shares | 86.52% |
| Cdn Corp Bonds - Invest Grade | 4.32% |
| Cash and Equivalents | 3.30% |
| Cdn Corp Bonds - Other | 2.54% |
| Canadian high yield bonds | 2.19% |
| Foreign Preferred Shares | 1.13% |
| Sector Allocation | % |
|---|---|
| Financial Services | 47.49 |
| Energy | 24.34 |
| Utilities | 17.71 |
| Telecommunications | 9.42 |
| Industrial Goods & Services | 0.48 |
| Real Estate | 0.40 |
| Technology | 0.16 |
| Credit Rating | % |
|---|---|
| P2 | 60.09 |
| P3 | 33.09 |
| P4 | 5.20 |
| Gross Current Yield (%)‡ | 4.57 |
| Top Holdings | % |
|---|---|
| Enbridge Inc - Pfd Sr 13 | 2.41 |
| Toronto-Dominion Bank - Pfd Sr 7 | 2.34 |
| Brookfield Renwbl Pwr Prf Eqty Inc - Pfd Cl A Sr 1 | 2.22 |
| Pembina Pipeline Corp - Pfd Cl A Sr 9 | 2.05 |
| Enbridge Inc - Pfd Sr 15 | 2.03 |
| Royal Bank of Canada - Pfd Sr BF | 2.00 |
| Canadian Imperial Bank Commerce - Pfd Cl A Sr 43 | 1.96 |
| BCE Inc - Pfd Sr AI | 1.82 |
| Enbridge Inc - Pfd Sr 11 | 1.80 |
| TC Energy Corp - Pfd Sr 11 | 1.78 |
| Total of Top Holdings of the Fund (% of Net Assets): |
20.41 |
| Total Number of Securities Held: | 134 |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 7.19 | 29.07 | 8.15 | -19.08 | 24.77 | 6.63 | 2.30 |
Annualized Returns (%)
| 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|
| 2.93 | 4.89 | 7.19 | 17.12 | 10.85 | 13.22 | 5.84 | 4.25 |
‡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.