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NBI Income Fund Investor Series

Canadian Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-13-2025)
$7.87
Change
-$0.02 (-0.25%)

As at May 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2000Jan 2002Jan 2004Jan 2006Jan 2008Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024Jul 2022Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2000Jan 2005Jan 2010Jan 2015Jan 2020Jan 2025J…$10,000$15,000$20,000$25,000$5,000$30,000$9,500$10,500$11,000$11,500Period

Legend

NBI Income Fund Investor Series

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Fund Returns

Inception Return (January 31, 1982): 6.64%

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 -0.03% -0.96% 0.32% 1.13% 6.98% 4.38% 3.16% -0.22% -0.52% 0.57% 1.35% 1.00% 1.10% 1.18%
Benchmark 0.08% -0.97% 0.76% 1.28% 8.93% 4.72% 3.34% 0.32% -0.12% 1.00% 1.83% 1.49% 1.65% 1.76%
Category Average 0.05% -1.01% 0.26% 1.08% 6.32% 4.37% 2.89% -0.32% -0.27% 0.63% 1.28% 0.93% 1.10% 1.11%
Category Rank 338 / 479 183 / 476 297 / 475 262 / 476 190 / 449 273 / 427 243 / 414 260 / 401 263 / 379 235 / 365 218 / 345 197 / 320 194 / 293 169 / 258
Quartile Ranking 3 2 3 3 2 3 3 3 3 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.14% 2.57% 0.22% 1.98% -1.15% 1.74% -0.80% 1.13% 0.97% -0.29% -0.64% -0.03%
Benchmark 2.98% 2.14% 0.52% 1.82% -1.07% 1.51% -0.52% 1.13% 1.14% -0.29% -0.77% 0.08%

Best Monthly Return Since Inception

6.85% (July 1992)

Worst Monthly Return Since Inception

-5.37% (March 1994)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.90% 0.61% 2.03% 0.60% 5.91% 8.82% -3.15% -12.59% 6.15% 3.97%
Benchmark 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38% 4.10%
Category Average 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16% 3.68%
Quartile Ranking 3 4 2 3 3 2 3 4 3 3
Category Rank 180/ 254 243/ 276 131/ 310 185/ 331 237/ 359 131/ 371 275/ 393 351/ 410 259/ 418 242/ 441

Best Calendar Return (Last 10 years)

8.82% (2020)

Worst Calendar Return (Last 10 years)

-12.59% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 65.01
Canadian Corporate Bonds 31.51
Cash and Equivalents 1.53
Canadian Bonds - Other 1.15
Foreign Government Bonds 0.58
Other 0.22

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 98.47
Cash and Cash Equivalent 1.53

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.42
Europe 0.58

Top Holdings

Top Holdings
Name Percent
Canada Government 4.00% 01-May-2026 5.88
Canada Government 4.00% 01-Aug-2026 3.80
Canada Government 1.50% 01-Jun-2031 2.73
Canada Government 2.75% 01-Dec-2055 2.56
Canada Housing Trust No 1 4.78% 15-Mar-2027 2.51
Canada Government 2.00% 01-Jun-2032 2.19
Canada Government 2.50% 01-Dec-2032 2.14
Ontario Province 2.80% 02-Jun-2048 1.95
Canada Government 2.75% 01-Jun-2033 1.59
Canada Government 3.50% 01-Sep-2029 1.52

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678910111213-2%0%2%4%6%8%

NBI Income Fund Investor Series

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.05% 6.59% 5.44%
Beta 1.08% 1.07% 1.02%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.93% 0.95% 0.95%
Sharpe -0.08% -0.42% -0.07%
Sortino 0.08% -0.66% -0.42%
Treynor -0.01% -0.03% 0.00%
Tax Efficiency 68.28% - 25.83%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.14% 7.05% 6.59% 5.44%
Beta 0.84% 1.08% 1.07% 1.02%
Alpha 0.00% 0.00% 0.00% -0.01%
Rsquared 0.80% 0.93% 0.95% 0.95%
Sharpe 0.80% -0.08% -0.42% -0.07%
Sortino 1.87% 0.08% -0.66% -0.42%
Treynor 0.04% -0.01% -0.03% 0.00%
Tax Efficiency 84.49% 68.28% - 25.83%

Fund Details

Start Date January 31, 1982
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $60

Fund Codes

FundServ Code Load Code Sales Status
NBC196

Investment Objectives

The NBI Income Fund aims to achieve a reasonably high return (higher than that for five-year guaranteed investment certificates) and income for the investor by investing mainly in fixed-income securities. The fund invests primarily in Canadian (federal and provincial) government bonds and investment grade corporate bonds.

Investment Strategy

The fund may invest in: Canadian and provincial government bonds with medium or long terms, foreign government bonds, municipal bonds, Canadian and foreign corporate bonds, asset-backed and mortgage-backed securities. The portfolio sub-advisor may choose to invest approximately 40% of the net assets of the fund in securities of underlying mutual funds (including exchange-traded funds) managed by the manager or by third parties.

Portfolio Management

Portfolio Manager

National Bank Trust Inc.

Sub-Advisor

Fiera Capital Corporation

Management and Organization

Fund Manager

National Bank Investments Inc.

Custodian

Natcan Trust Company

Registrar

Natcan Trust Company

Distributor

National Bank Investments Inc.

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 1.11%
Management Fee 1.00%
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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