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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
(04-16-2024)
$7.54
Change
$0.00 (0.00%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

NBI Income Fund Investor Series

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Fund Returns

Inception Return (January 31, 1982): 6.67%

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 0.60% -1.28% 7.15% -1.28% 1.36% -0.55% -2.16% -1.16% -0.28% 0.49% 0.51% 0.54% 0.46% 1.18%
Benchmark 0.48% -1.28% 6.84% -1.28% 1.93% -0.14% -1.50% -0.83% 0.22% 1.02% 1.12% 1.15% 1.09% 2.01%
Category Average 0.52% 6.86% 6.86% -1.11% 2.05% -0.60% -2.10% -0.66% -0.15% 0.47% 0.49% 0.61% 0.47% 1.18%
Category Rank 157 / 624 516 / 620 276 / 615 516 / 620 504 / 603 412 / 585 410 / 559 442 / 531 363 / 495 314 / 457 284 / 422 290 / 384 252 / 347 222 / 320
Quartile Ranking 2 4 2 4 4 3 3 4 3 3 3 4 3 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.09% -1.98% -0.05% -1.24% -0.30% -2.98% 0.21% 4.37% 3.77% -1.32% -0.56% 0.60%
Benchmark 0.90% -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48%

Best Monthly Return Since Inception

6.85% (July 1992)

Worst Monthly Return Since Inception

-5.37% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.19% 1.90% 0.61% 2.03% 0.60% 5.91% 8.82% -3.15% -12.59% 6.15%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 3 3 4 2 2 3 2 4 4 3
Category Rank 188/ 312 227/ 343 338/ 375 189/ 420 220/ 446 344/ 492 190/ 522 420/ 553 469/ 581 403/ 597

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 61.99
Canadian Corporate Bonds 34.95
Cash and Equivalents 2.35
Canadian Bonds - Other 0.64
Mortgages 0.07

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.65
Cash and Cash Equivalent 2.35

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 2.75% 01-Jun-2033 6.36
Canada Government 1.50% 01-Jun-2031 6.33
Canada Government 2.00% 01-Jun-2032 2.92
Canada Government 2.50% 01-Dec-2032 2.79
Canada Government 1.50% 01-Dec-2031 1.94
Canada Housing Trust No 1 3.65% 15-Jun-2033 1.78
Royal Office Finance LP 5.21% 12-Nov-2032 1.55
Ontario Province 2.25% 02-Dec-2031 1.29
Cash and Cash Equivalents 1.10
Canada Government 1.00% 01-Sep-2026 1.10

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Income Fund Investor Series

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.52% 6.75% 5.40%
Beta 1.13% 1.08% 1.02%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.99% 0.98% 0.97%
Sharpe -0.60% -0.30% -0.01%
Sortino -0.85% -0.61% -0.42%
Treynor -0.04% -0.02% 0.00%
Tax Efficiency - - 31.15%
Volatility Volatility rating is 3 on a scale of 1 to 10 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 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.48% 7.52% 6.75% 5.40%
Beta 1.09% 1.13% 1.08% 1.02%
Alpha -0.01% 0.00% 0.00% -0.01%
Rsquared 1.00% 0.99% 0.98% 0.97%
Sharpe -0.42% -0.60% -0.30% -0.01%
Sortino -0.30% -0.85% -0.61% -0.42%
Treynor -0.03% -0.04% -0.02% 0.00%
Tax Efficiency 25.40% - - 31.15%

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) $64

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 Manager(s)

Name Start Date
Fiera Capital Corporation 05-12-2023
National Bank Trust Inc. 05-12-2023

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 Deloitte & Touche 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 1.11%
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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