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NBI Bond Fund Investor Series

Canadian Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024)
$10.62
Change
$0.03 (0.28%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

NBI Bond Fund Investor Series

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Fund Returns

Inception Return (November 18, 1966): 6.35%

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 1.74% 0.06% 1.63% -1.81% 1.65% 0.78% -2.97% -2.81% -1.12% -0.05% -0.33% -0.12% 0.05% 0.46%
Benchmark 0.00% -1.48% 0.11% -3.20% 0.68% 0.65% -2.40% -2.27% -0.52% 0.70% 0.47% 0.78% 1.00% 1.62%
Category Average 1.72% 2.10% 2.10% -1.44% 2.46% 1.21% -2.44% -1.85% -0.47% 0.47% 0.18% 0.47% 0.54% 1.00%
Category Rank 289 / 628 541 / 624 548 / 618 568 / 620 540 / 608 522 / 585 533 / 558 509 / 528 472 / 497 437 / 461 407 / 431 372 / 395 333 / 347 305 / 320
Quartile Ranking 2 4 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 -0.02% -1.11% -0.26% -2.80% -0.04% 4.39% 3.50% -1.45% -0.42% 0.46% -2.11% 1.74%
Benchmark -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95% 0.00%

Best Monthly Return Since Inception

10.47% (May 1980)

Worst Monthly Return Since Inception

-4.62% (February 1985)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.63% 1.36% 0.15% 1.36% 0.09% 5.29% 8.36% -3.68% -13.13% 5.73%
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 4 4 4 4 4 4 3 4 4 4
Category Rank 235/ 309 286/ 340 366/ 372 318/ 417 334/ 443 421/ 489 283/ 519 514/ 550 538/ 579 497/ 595

Best Calendar Return (Last 10 years)

8.36% (2020)

Worst Calendar Return (Last 10 years)

-13.13% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 59.60
Canadian Corporate Bonds 36.57
Cash and Equivalents 2.74
Foreign Government Bonds 0.67
Canadian Bonds - Other 0.40
Other 0.02

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.27
Cash and Cash Equivalent 2.74
Other -0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 3.00% 01-Jun-2034 3.92
Canada Government 2.75% 01-Sep-2027 3.24
Canada Housing Trust No 1 4.25% 15-Mar-2034 2.21
Cash and Cash Equivalents 1.73
Ontario Province 4.70% 02-Jun-2037 1.63
Ontario Province 3.45% 02-Jun-2045 1.52
Ontario Province 3.65% 02-Jun-2033 1.41
Canada Government 3.25% 01-Dec-2033 1.40
Ontario Province 4.15% 02-Jun-2034 1.39
Canada Housing Trust No 1 1.90% 15-Sep-2026 1.25

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Bond Fund Investor Series

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.45% 6.65% 5.32%
Beta 1.10% 1.05% 1.00%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.97% 0.97% 0.96%
Sharpe -0.75% -0.44% -0.16%
Sortino -0.98% -0.77% -0.60%
Treynor -0.05% -0.03% -0.01%
Tax Efficiency - - -
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 7.41% 7.45% 6.65% 5.32%
Beta 1.04% 1.10% 1.05% 1.00%
Alpha 0.01% 0.00% -0.01% -0.01%
Rsquared 0.94% 0.97% 0.97% 0.96%
Sharpe -0.40% -0.75% -0.44% -0.16%
Sortino -0.25% -0.98% -0.77% -0.60%
Treynor -0.03% -0.05% -0.03% -0.01%
Tax Efficiency 58.33% - - -

Fund Details

Start Date November 18, 1966
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $1,272

Fund Codes

FundServ Code Load Code Sales Status
NBC840

Investment Objectives

The NBI Bond Fund’s investment objective is to provide a high level of current income, reasonable unit price stability and sustained capital growth. The fund invests primarily in Canadian federal and provincial bonds. These offer you secure return with low risk.

Investment Strategy

The fund invests primarily in federal and provincial government bonds. The fund may also invest in: foreign government bonds; municipal bonds; Canadian and foreign corporate bonds; asset-backed and mortgage-backed securities. The portfolio sub-advisors may choose to invest approximately 45% of the net assets of the fund in securities of underlying funds (including exchange-traded funds) managed by the manager or by third parties.

Portfolio Manager(s)

Name Start Date
Philippe Ouellette 06-17-2022
Nicolas Normandeau 06-17-2022
National Bank Trust Inc. 06-17-2022
RP Investment Advisors 03-20-2024
Beutel Goodman & Company Ltd. 03-20-2024

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
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 1.59%
Management Fee 1.25%
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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