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High Yield Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$5.98
Change
-$0.02 (-0.33%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

NBI High Yield Bond Fund Investor Series

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Fund Returns

Inception Return (December 20, 2001): 3.93%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.91% -0.66% -0.83% 0.33% 6.87% 0.77% 0.03% 4.25% 0.98% 1.14% 1.20% 2.80% 1.70% 1.59%
Benchmark 0.83% 4.14% 9.32% 4.14% 11.08% 7.29% 2.94% 4.89% 3.41% 3.99% 3.87% 5.46% 5.00% 5.66%
Category Average 1.03% 7.25% 7.25% 1.56% 7.53% 1.83% 0.64% 4.83% 2.38% 2.44% 2.46% 3.43% 2.65% 2.59%
Category Rank 208 / 300 293 / 300 186 / 298 293 / 300 221 / 294 252 / 288 221 / 281 213 / 274 242 / 266 219 / 242 207 / 229 177 / 201 179 / 190 166 / 173
Quartile Ranking 3 4 3 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.08% -0.93% 0.98% 1.04% 0.20% -1.71% -0.83% 3.92% 3.74% -0.66% 0.08% 0.91%
Benchmark 1.23% -1.13% -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83%

Best Monthly Return Since Inception

8.34% (April 2009)

Worst Monthly Return Since Inception

-14.73% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.23% -6.25% 14.13% 4.48% -5.70% 11.92% -0.37% 3.42% -11.17% 9.55%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 4 2 3 4 2 4 3 4 2
Category Rank 155/ 172 171/ 183 58/ 200 136/ 228 234/ 240 69/ 265 247/ 273 160/ 275 229/ 285 131/ 294

Best Calendar Return (Last 10 years)

14.13% (2016)

Worst Calendar Return (Last 10 years)

-11.17% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 90.87
Cash and Equivalents 7.64
Canadian Government Bonds 0.47
Canadian Corporate Bonds 0.41
Derivatives 0.21
Other 0.40

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.83
Cash and Cash Equivalent 7.63
Telecommunications 0.21
Basic Materials 0.19
Energy 0.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.81
Europe 0.19

Top Holdings

Top Holdings
Name Percent
NBI High Yield Bond ETF (NHYB) 99.30
Cash and Cash Equivalents 0.49
Iheartmedia - Warrants Cl A 0.21

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: L.
Period: 

Risk vs Return (3 Yr)

NBI High Yield Bond Fund Investor Series

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 8.46% 9.81% 7.98%
Beta 0.76% 1.02% 0.60%
Alpha -0.02% -0.02% -0.02%
Rsquared 0.39% 0.55% 0.27%
Sharpe -0.26% -0.05% 0.07%
Sortino -0.42% -0.19% -0.17%
Treynor -0.03% 0.00% 0.01%
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.02% 8.46% 9.81% 7.98%
Beta 0.53% 0.76% 1.02% 0.60%
Alpha 0.01% -0.02% -0.02% -0.02%
Rsquared 0.16% 0.39% 0.55% 0.27%
Sharpe 0.35% -0.26% -0.05% 0.07%
Sortino 1.42% -0.42% -0.19% -0.17%
Treynor 0.04% -0.03% 0.00% 0.01%
Tax Efficiency 70.57% - - -

Fund Details

Start Date December 20, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,056

Fund Codes

FundServ Code Load Code Sales Status
NBC813

Investment Objectives

The NBI High Yield Bond Fund aims 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, preferred shares and mortgage-backed securities.

Investment Strategy

The fund invests in a portfolio composed mainly of high-yield debt securities of issuers in developed markets.

Portfolio Manager(s)

Name Start Date
J.P. Morgan Investment Management Inc. 06-17-2020
National Bank Trust Inc. 05-13-2022

Management and Organization

Fund Manager National Bank Investments Inc.
Advisor National Bank Trust Inc.
Custodian Natcan Trust Company
Registrar Natcan Trust Company
Distributor National Bank Investments
Auditor Raymond Chabot Grant Thornton LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 50

Fees

MER 1.76%
Management Fee 1.50%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.75%
Trailer Fee Max (LL) -

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