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Multi-Sector Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-15-2024)
$7.94
Change
-$0.04 (-0.50%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

NBI Unconstrained Fixed Income Fund Investor Series

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Fund Returns

Inception Return (November 28, 2016): 0.56%

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 0.75% -0.37% -1.27% -0.25% 2.85% -0.14% -1.05% 2.29% 1.09% 0.76% 0.62% - - -
Benchmark 0.67% 1.56% 7.31% 1.56% 3.76% 2.10% -1.05% -1.60% 0.23% 0.94% 1.24% 1.69% 2.07% 3.07%
Category Average 0.93% 6.51% 6.51% 0.57% 4.70% - - - - - - - - -
Category Rank 222 / 276 243 / 275 248 / 275 243 / 275 218 / 266 182 / 258 173 / 251 96 / 231 124 / 216 143 / 188 125 / 154 - - -
Quartile Ranking 4 4 4 4 4 3 3 2 3 4 4 - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.33% -1.03% 0.09% 1.04% -1.60% -1.13% -1.27% 3.85% 2.93% -0.37% -0.62% 0.75%
Benchmark 1.06% -1.59% -2.01% 0.30% 1.72% -2.75% 1.40% 2.81% 1.36% 0.46% 0.43% 0.67%

Best Monthly Return Since Inception

3.85% (November 2023)

Worst Monthly Return Since Inception

-8.57% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - -0.09% -5.18% 8.88% 4.81% -0.64% -6.93% 4.43%
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 - - - 4 4 2 3 3 1 4
Category Rank - - - 143/ 154 182/ 188 63/ 216 146/ 230 153/ 248 53/ 258 240/ 266

Best Calendar Return (Last 10 years)

8.88% (2019)

Worst Calendar Return (Last 10 years)

-6.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 54.82
Foreign Government Bonds 19.14
Cash and Equivalents 12.63
Foreign Bonds - Other 10.25
Mortgages 2.31
Other 0.85

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 86.55
Cash and Cash Equivalent 12.62
Financial Services 0.78
Energy 0.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.72
Europe 23.61
Latin America 7.87
Africa and Middle East 2.13
Asia 0.69
Other -0.02

Top Holdings

Top Holdings
Name Percent
NBI Unconstrained Fixed Income ETF (NUBF) 99.59
Cash and Cash Equivalents 0.40
Noble Corp (Cayman Island) 0.01
WTS-NOBLE CORP 2 , warrants due February 5, 2028 0.00

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Unconstrained Fixed Income Fund Investor Series

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.30% 6.20% -
Beta 0.44% 0.38% -
Alpha -0.01% 0.01% -
Rsquared 0.32% 0.15% -
Sharpe -0.67% -0.11% -
Sortino -0.95% -0.34% -
Treynor -0.08% -0.02% -
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 5.86% 5.30% 6.20% -
Beta 0.49% 0.44% 0.38% -
Alpha 0.01% -0.01% 0.01% -
Rsquared 0.23% 0.32% 0.15% -
Sharpe -0.30% -0.67% -0.11% -
Sortino -0.01% -0.95% -0.34% -
Treynor -0.04% -0.08% -0.02% -
Tax Efficiency 60.66% - - -

Fund Details

Start Date November 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,474

Fund Codes

FundServ Code Load Code Sales Status
NBC305

Investment Objectives

The NBI Unconstrained Fixed Income Fund’s investment objective is to maximize total return, consistent with preservation of capital. The fund invests, directly or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a diversified portfolio composed mainly of fixed-income securities of issuers located throughout the world with various maturities and credit ratings.

Investment Strategy

The fund seeks to achieve its objective by managing portfolio duration, credit risk, and volatility. The fund has significant latitude to pursue opportunities across the fixed-income spectrum, and is not managed or compared to any specific index. The fund has the flexibility to invest across different sectors, credit ratings, maturities and geographic regions, including moving between sectors or across credit risk, and may have long, short or negative duration.

Portfolio Manager(s)

Name Start Date
Bob Michele 12-05-2018
Iain Stealey 12-05-2018
National Bank Trust Inc. 07-19-2021

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 10,000
SWP Min Withdrawal 50

Fees

MER 1.53%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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