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NBI Target 2028 Investment Grade Bond Fund Advisor Series
Global Corp Fixed Income
|
NAVPS (07-03-2026) |
$10.65 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (June 20, 2024): 4.47%
| 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 | 0.64% | -0.09% | 0.52% | 0.74% | 2.57% | - | - | - | - | - | - | - | - | - |
| Benchmark | 1.82% | -0.02% | -0.26% | 1.27% | 5.97% | 7.23% | 6.73% | 6.29% | 2.97% | 1.43% | 2.45% | 3.23% | 2.57% | 3.01% |
| Category Average | 0.66% | -0.24% | 0.78% | 1.02% | 4.32% | 5.39% | 5.59% | 4.11% | 1.77% | 2.47% | 2.67% | 2.87% | - | - |
| Category Rank | 145 / 233 | 110 / 231 | 130 / 225 | 154 / 227 | 204 / 220 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 3 | 2 | 3 | 3 | 4 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.29% | 0.04% | 0.49% | 0.77% | 0.34% | 0.09% | -0.22% | 0.44% | 0.39% | -0.81% | 0.09% | 0.64% |
| Benchmark | 1.53% | 0.68% | 0.72% | 2.50% | 0.66% | 0.01% | -1.51% | -0.21% | 1.50% | -0.67% | -1.14% | 1.82% |
Best Monthly Return Since Inception
1.90% (July 2024)
Worst Monthly Return Since Inception
-0.81% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 3.70% |
| Benchmark | 0.66% | 2.08% | 5.22% | 5.81% | 8.39% | -3.78% | -10.63% | 6.54% | 10.41% | 5.13% |
| Category Average | - | - | - | 9.03% | 6.89% | 0.56% | -10.54% | 7.62% | 5.63% | 4.93% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 4 |
| Category Rank | - | - | - | - | - | - | - | - | - | 148/ 196 |
Best Calendar Return (Last 10 years)
3.70% (2025)
Worst Calendar Return (Last 10 years)
3.70% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 74.15 |
| Canadian Government Bonds | 25.28 |
| Cash and Equivalents | 0.57 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.43 |
| Cash and Cash Equivalent | 0.57 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Toronto-Dominion Bank 1.89% 08-Mar-2028 | 6.76 |
| Greater Toronto Airports Auth 1.54% 03-Mar-2028 | 6.33 |
| Prince Edward Island Province 1.20% 11-Feb-2028 | 5.99 |
| PSP Capital Inc 1.50% 15-Mar-2028 | 5.55 |
| Nova Scotia Province 1.10% 01-Jun-2028 | 5.52 |
| Goldman Sachs Group Inc 2.01% 28-Feb-2028 | 4.85 |
| Hydro-Quebec 2.00% 01-Sep-2028 | 4.53 |
| Altagas Ltd 2.08% 30-Mar-2028 | 4.34 |
| Reliance LP 2.67% 01-Aug-2028 | 4.15 |
| Verizon Communications Inc 2.38% 22-Jan-2028 | 4.06 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.46% | - | - | - |
| Beta | 0.25 | - | - | - |
| Alpha | 0.01 | - | - | - |
| Rsquared | 0.53% | - | - | - |
| Sharpe | 0.14 | - | - | - |
| Sortino | -0.37 | - | - | - |
| Treynor | 0.01 | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | June 20, 2024 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $125 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC9628 |
Investment Objectives
The NBI Target 2028 Investment Grade Bond Fund’s investment objective is to provide current income and preserve capital over a predetermined time period. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of investment-grade bonds of North American companies with an effective maturity in 2028.
Investment Strategy
In order to achieve its investment objective, the fund invests in in a portfolio comprised primarily of investment-grade bonds of North American companies with an effective maturity in 2028. As bonds reach maturity, the fund will transition the portfolio to cash and cash equivalents and it is expected that the portfolio will consist primarily of cash and cash equivalents by the 2028 Termination Date.
Portfolio Management
| Portfolio Manager |
National Bank Trust Inc. |
|---|---|
| Sub-Advisor |
AlphaFixe Capital Inc.
|
Management and Organization
| Fund Manager |
National Bank Trust Inc. |
|---|---|
| Custodian |
- |
| Registrar |
- |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | - |
| SWP Min Withdrawal | 50 |
Fees
| MER | 0.79% |
|---|---|
| Management Fee | 0.65% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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