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NBI Floating Rate Income Fund Advisor Series / DSC

Cdn Short Term Fixed Inc

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(04-17-2024)
$9.40
Change
$0.00 (0.00%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

NBI Floating Rate Income Fund Advisor Series / DSC

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Fund Returns

Inception Return (January 08, 2014): 1.80%

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 1.11% 3.28% 7.01% 3.28% 8.78% 3.68% 2.33% 5.62% 2.84% 2.06% 2.06% 2.68% 1.87% 1.70%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.47% 4.41% 4.41% 0.55% 3.84% 1.74% 0.16% 1.11% 1.09% 1.28% 1.05% 1.06% 0.92% 1.04%
Category Rank 14 / 322 11 / 289 9 / 287 11 / 289 11 / 272 28 / 262 20 / 245 7 / 236 14 / 227 57 / 211 26 / 196 13 / 183 33 / 171 46 / 155
Quartile Ranking 1 1 1 1 1 1 1 1 1 2 1 1 1 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.71% -0.49% 0.82% 0.71% -0.27% 0.16% -0.16% 2.23% 1.52% 1.45% 0.68% 1.11%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

3.92% (April 2020)

Worst Monthly Return Since Inception

-9.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -3.69% 3.06% 4.55% -3.05% 3.74% 2.43% 4.53% -4.92% 6.79%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - 4 1 1 4 2 4 1 3 1
Category Rank - 164/ 167 21/ 180 9/ 188 205/ 208 60/ 225 208/ 235 4/ 241 191/ 255 14/ 269

Best Calendar Return (Last 10 years)

6.79% (2023)

Worst Calendar Return (Last 10 years)

-4.92% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 75.91
Canadian Equity 14.32
Cash and Equivalents 7.52
Canadian Bonds - Other 0.97
Foreign Corporate Bonds 0.80
Other 0.48

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 78.16
Cash and Cash Equivalent 7.52
Financial Services 6.66
Energy 4.55
Utilities 1.82
Other 1.29

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Federation Csses Desjardins Qc 2.86% 26-May-2025 3.07
Interest Swap 2.43
Cash and Cash Equivalents 2.26
Rogers Communications Inc 3.65% 31-Jan-2027 2.06
Bank of America Corp 3.62% 16-Mar-2027 1.93
Canadian Imperial Bank Commrce 2.01% 21-Jul-2025 1.78
Wells Fargo & Co 3.87% 21-May-2025 1.68
Wells Fargo & Co 2.98% 19-May-2026 1.44
Transcanada Pipelines Ltd 3.80% 05-Feb-2027 1.43
Bank of Montreal 4.71% 07-Nov-2027 1.36

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Floating Rate Income Fund Advisor Series / DSC

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.09% 5.50% 4.43%
Beta 0.65% 0.66% 0.36%
Alpha 0.02% 0.02% 0.01%
Rsquared 0.32% 0.07% 0.02%
Sharpe -0.08% 0.19% 0.09%
Sortino -0.29% -0.01% -0.32%
Treynor 0.00% 0.02% 0.01%
Tax Efficiency 45.62% 63.97% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.79% 3.09% 5.50% 4.43%
Beta 0.65% 0.65% 0.66% 0.36%
Alpha 0.06% 0.02% 0.02% 0.01%
Rsquared 0.36% 0.32% 0.07% 0.02%
Sharpe 1.34% -0.08% 0.19% 0.09%
Sortino 5.52% -0.29% -0.01% -0.32%
Treynor 0.06% 0.00% 0.02% 0.01%
Tax Efficiency 71.24% 45.62% 63.97% -

Fund Details

Start Date January 08, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $106

Fund Codes

FundServ Code Load Code Sales Status
NBC529

Investment Objectives

The NBI Floating Rate Income Fund’s investment objective is to generate interest income while minimizing the effects of interest-rate fluctuations. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of fixed-rate Canadian bonds (either corporate, governmental or municipal) and/or preferred shares issued by North American companies and enters into derivatives transactions to generate a floating rate of income.

Investment Strategy

In accordance with the fund’s investment objectives, the portfolio manager determines the proportion of the fund’s assets that will be managed by the portfolio sub-advisor and the proportion that it will invest in one or more underlying funds.

Portfolio Manager(s)

Name Start Date
Nicolas Normandeau 04-11-2014
National Bank Trust Inc. 09-23-2019

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 Inc.
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 500
SWP Min Withdrawal 50

Fees

MER 1.31%
Management Fee 1.05%
Load Back Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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