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NBI Floating Rate Income Fund Advisor Series / DSC

Cdn Short Term Fixed Inc

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2018

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NAVPS
(06-14-2024)
$9.45
Change
-$0.01 (-0.11%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

NBI Floating Rate Income Fund Advisor Series / DSC

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Fund Returns

Inception Return (January 08, 2014): 1.92%

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 0.77% 2.68% 6.48% 4.88% 10.23% 5.13% 2.33% 4.97% 3.22% 2.29% 2.31% 2.68% 2.06% 1.82%
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 190 / 318 7 / 315 4 / 282 12 / 282 6 / 272 15 / 260 20 / 244 9 / 229 9 / 221 41 / 207 18 / 195 13 / 180 22 / 166 45 / 150
Quartile Ranking 3 1 1 1 1 1 1 1 1 1 1 1 1 2

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.82% 0.71% -0.27% 0.16% -0.16% 2.23% 1.52% 1.45% 0.68% 1.11% 0.78% 0.77%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

3.92% (April 2020)

Worst Monthly Return Since Inception

-9.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - -3.69% 3.06% 4.55% -3.05% 3.74% 2.43% 4.53% -4.92% 6.79%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - 4 1 1 4 2 4 1 4 1
Category Rank - 159/ 161 19/ 174 8/ 182 200/ 202 60/ 218 201/ 228 4/ 234 187/ 248 15/ 262

Best Calendar Return (Last 10 years)

6.79% (2023)

Worst Calendar Return (Last 10 years)

-4.92% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 75.63
Canadian Equity 14.77
Cash and Equivalents 6.99
Canadian Bonds - Other 1.34
Foreign Corporate Bonds 0.80
Other 0.47

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 78.24
Cash and Cash Equivalent 6.99
Financial Services 6.88
Energy 4.66
Utilities 1.94
Other 1.29

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Federation Csses Desjardins Qc 2.86% 26-May-2025 2.59
Interest Swap 2.25
Rogers Communications Inc 3.65% 31-Jan-2027 2.04
Cash and Cash Equivalents 2.00
Bank of America Corp 3.62% 16-Mar-2027 1.92
Canadian Imperial Bank Commrce 2.01% 21-Jul-2025 1.77
Wells Fargo & Co 2.98% 19-May-2026 1.44
Transcanada Pipelines Ltd 3.80% 05-Feb-2027 1.42
Sun Life Financial Inc 2.58% 10-May-2027 1.19
Bank of Montreal 7.06% 31-Dec-2099 1.19

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Floating Rate Income Fund Advisor Series / DSC

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.09% 5.48% 4.44%
Beta 0.63% 0.67% 0.36%
Alpha 0.02% 0.02% 0.01%
Rsquared 0.31% 0.08% 0.02%
Sharpe -0.17% 0.24% 0.10%
Sortino -0.29% 0.07% -0.29%
Treynor -0.01% 0.02% 0.01%
Tax Efficiency 42.24% 67.82% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.47% 3.09% 5.48% 4.44%
Beta 0.45% 0.63% 0.67% 0.36%
Alpha 0.08% 0.02% 0.02% 0.01%
Rsquared 0.20% 0.31% 0.08% 0.02%
Sharpe 2.01% -0.17% 0.24% 0.10%
Sortino 10.21% -0.29% 0.07% -0.29%
Treynor 0.11% -0.01% 0.02% 0.01%
Tax Efficiency 74.55% 42.24% 67.82% -

Fund Details

Start Date January 08, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $107

Fund Codes

FundServ Code Load Code Sales Status
NBC529

Investment Objectives

The NBI Floating Rate Income Fund’s investment objective is to generate interest income while minimizing the effects of interest-rate fluctuations. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of fixed-rate Canadian bonds (either corporate, governmental or municipal) and/or preferred shares issued by North American companies and enters into derivatives transactions to generate a floating rate of income.

Investment Strategy

In accordance with the fund’s investment objectives, the portfolio manager determines the proportion of the fund’s assets that will be managed by the portfolio sub-advisor and the proportion that it will invest in one or more underlying funds.

Portfolio Manager(s)

Name Start Date
Nicolas Normandeau 04-11-2014
National Bank Trust Inc. 09-23-2019

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 500
SWP Min Withdrawal 50

Fees

MER 1.31%
Management Fee 1.05%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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