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NBI Global Tactical Bond Fund Investor Series

Multi-Sector Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2024)
$8.96
Change
$0.03 (0.34%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

NBI Global Tactical Bond Fund Investor Series

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Fund Returns

Inception Return (May 27, 2016): -0.18%

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 0.54% -0.36% 2.27% -1.01% 2.36% 0.04% -2.93% -1.83% -0.75% -0.22% -0.40% -0.18% - -
Benchmark 0.36% 0.25% 2.51% 1.14% 3.90% 3.99% -0.62% -2.14% -0.29% 1.11% 0.59% 1.38% 2.20% 2.99%
Category Average 1.21% 3.30% 3.30% 0.21% 4.74% - - - - - - - - -
Category Rank 257 / 277 264 / 276 234 / 275 251 / 275 234 / 266 246 / 260 243 / 257 217 / 231 206 / 220 187 / 198 156 / 166 132 / 140 - -
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.44% -0.17% -0.62% -2.16% -1.08% 3.77% 3.31% 0.01% -0.65% 1.01% -1.89% 0.54%
Benchmark -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67% -0.78% 0.36%

Best Monthly Return Since Inception

4.09% (April 2020)

Worst Monthly Return Since Inception

-5.97% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 2.10% -2.96% 6.48% 5.39% -3.07% -11.77% 5.44%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - 3 4 3 2 4 3 4
Category Rank - - - 111/ 155 162/ 188 129/ 216 115/ 230 245/ 248 189/ 258 202/ 266

Best Calendar Return (Last 10 years)

6.48% (2019)

Worst Calendar Return (Last 10 years)

-11.77% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Government Bonds 54.70
Foreign Corporate Bonds 24.86
Mortgages 14.52
Foreign Bonds - Other 3.96
Cash and Equivalents 1.55
Other 0.41

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.44
Exchange Traded Fund 9.01
Cash and Cash Equivalent 1.55

Geographic Allocation

Geographic Allocation
Name Percent
North America 45.32
Europe 29.27
Asia 21.50
Multi-National 2.44
Latin America 1.02
Other 0.45

Top Holdings

Top Holdings
Name Percent
iShares China CNY Bond UCITS ETF USD 9.01
United States Treasury 4.00% 15-Feb-2034 8.62
United States Treasury 4.00% 31-Jan-2029 4.94
Korea Government 4.25% 10-Dec-2032 3.25
New Zealand Government 3.50% 14-Apr-2033 1.92
Italy Government 4.40% 01-May-2033 1.73
New Zealand Government 2.00% 15-May-2032 1.59
Federal National Mrtgage Assoc 5.00% 01-Jul-2052 1.35
Federal Home Loan Mrtgage Corp 3.00% 01-Jun-2052 1.25
Cash and Cash Equivalents 1.21

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Global Tactical Bond Fund Investor Series

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.92% 6.01% -
Beta 0.64% 0.59% -
Alpha -0.03% -0.01% -
Rsquared 0.54% 0.37% -
Sharpe -0.96% -0.43% -
Sortino -1.20% -0.74% -
Treynor -0.09% -0.04% -
Tax Efficiency - - -
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.30% 5.92% 6.01% -
Beta 0.71% 0.64% 0.59% -
Alpha 0.00% -0.03% -0.01% -
Rsquared 0.36% 0.54% 0.37% -
Sharpe -0.37% -0.96% -0.43% -
Sortino -0.13% -1.20% -0.74% -
Treynor -0.03% -0.09% -0.04% -
Tax Efficiency 58.75% - - -

Fund Details

Start Date May 27, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,033

Fund Codes

FundServ Code Load Code Sales Status
NBC331

Investment Objectives

The NBI Global Tactical Bond Fund’s investment objective is to generate income and capital growth, while focusing on capital preservation. To do this, the fund invests directly, or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a diverse portfolio mainly composed of bonds and other foreign fixed-income securities with various maturities and credit ratings.

Investment Strategy

Applying a disciplined approach, the fund uses various active investment strategies, such as securities selection and asset allocation based on countries, duration, yield curve, currencies and sectors. These strategies are employed within a robust risk management framework.

Portfolio Manager(s)

Name Start Date
BNY Mellon Asset Management Canada Ltd (Mellon AM) 09-24-2019
Nate Hyde 05-13-2022
Brendan Murphy 05-13-2022

Management and Organization

Fund Manager National Bank Investments Inc.
Advisor BNY Mellon Asset Management Canada Ltd (Mellon AM)
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 1.74%
Management Fee 1.35%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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