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NBI Non-Traditional Fixed Income Private Portfolio Series N
Multi-Sector Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (07-06-2026) |
$10.04 |
|---|---|
| Change |
$0.02
(0.16%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (October 30, 2015): 2.99%
| 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 | 0.89% | -0.22% | 1.10% | 1.04% | 5.16% | 5.53% | 6.52% | 4.47% | 2.38% | 3.64% | 3.12% | 3.21% | 2.90% | 3.00% |
| Benchmark | 1.62% | -0.17% | -0.34% | 1.15% | 5.05% | 7.00% | 5.96% | 5.49% | 2.36% | 0.82% | 1.74% | 2.55% | 1.98% | 2.48% |
| Category Average | 0.55% | -0.45% | 0.70% | 0.73% | 4.95% | 5.11% | 4.99% | - | - | - | - | - | - | - |
| Category Rank | 99 / 320 | 157 / 319 | 101 / 313 | 122 / 315 | 140 / 304 | 129 / 282 | 87 / 273 | 111 / 263 | 101 / 253 | 87 / 235 | 83 / 219 | 83 / 202 | 72 / 179 | 84 / 151 |
| Quartile Ranking | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.41% | 0.21% | 1.04% | 0.62% | 0.35% | 0.32% | 0.06% | 0.57% | 0.69% | -2.59% | 1.53% | 0.89% |
| Benchmark | 1.36% | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% | 1.62% |
Best Monthly Return Since Inception
5.76% (April 2020)
Worst Monthly Return Since Inception
-11.45% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.80% | 3.45% | -2.12% | 9.16% | 4.47% | 2.04% | -9.33% | 9.14% | 6.02% | 5.71% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | 4 | 3 | 3 | 2 | 3 | 2 | 3 | 1 | 2 | 2 |
| Category Rank | 100/ 119 | 94/ 166 | 138/ 192 | 78/ 213 | 142/ 234 | 78/ 247 | 146/ 255 | 38/ 273 | 126/ 282 | 121/ 299 |
Best Calendar Return (Last 10 years)
9.16% (2019)
Worst Calendar Return (Last 10 years)
-9.33% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 37.66 |
| International Equity | 20.64 |
| Foreign Government Bonds | 16.14 |
| Foreign Bonds - Funds | 10.03 |
| Cash and Equivalents | 6.47 |
| Other | 9.06 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 71.88 |
| Mutual Fund | 20.64 |
| Cash and Cash Equivalent | 6.46 |
| Exchange Traded Fund | 0.74 |
| Financial Services | 0.19 |
| Other | 0.09 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 69.56 |
| Multi-National | 10.32 |
| Europe | 10.31 |
| Asia | 4.42 |
| Latin America | 3.72 |
| Other | 1.67 |
Top Holdings
| Name | Percent |
|---|---|
| NBI Unconstrained Fixed Income Fund O Series | 32.64 |
| Purpose Structured Equity Yield Fund Series A | 20.64 |
| NBI High Yield Bond Fund O Series | 12.09 |
| RP Strategic Income Plus Fund Class A | 10.03 |
| Manulife Strategic Income Fund Series I | 7.44 |
| NBI Sustainable Global Bond Fund Series O | 7.42 |
| NBI Global Tactical Bond Fund O Series | 7.42 |
| NBI Floating Rate Income Fund O Series | 1.98 |
| Cash and Cash Equivalents | 0.35 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
NBI Non-Traditional Fixed Income Private Portfolio Series N
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 5.10% | 5.75% | 6.08% |
|---|---|---|---|
| Beta | 0.49 | 0.51 | 0.29 |
| Alpha | 0.04 | 0.01 | 0.02 |
| Rsquared | 0.20% | 0.28% | 0.08% |
| Sharpe | 0.57 | -0.07 | 0.20 |
| Sortino | 1.21 | -0.12 | 0.03 |
| Treynor | 0.06 | -0.01 | 0.04 |
| Tax Efficiency | 81.71% | 47.04% | - |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.65% | 5.10% | 5.75% | 6.08% |
| Beta | 0.31 | 0.49 | 0.51 | 0.29 |
| Alpha | 0.04 | 0.04 | 0.01 | 0.02 |
| Rsquared | 0.12% | 0.20% | 0.28% | 0.08% |
| Sharpe | 0.75 | 0.57 | -0.07 | 0.20 |
| Sortino | 0.74 | 1.21 | -0.12 | 0.03 |
| Treynor | 0.09 | 0.06 | -0.01 | 0.04 |
| Tax Efficiency | 72.44% | 81.71% | 47.04% | - |
Fund Details
| Start Date | October 30, 2015 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2,982 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC248 |
Investment Objectives
The NBI Non-Traditional Fixed Income Private Portfolio's investment objective is to provide current income while focusing on capital preservation. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of fixed-income securities of issuers around the world selected using different non-traditional investment strategies.
Investment Strategy
The fund invests up to 100% of its net assets in mutual fund securities (including exchange-traded funds) that provide exposure to: bonds guaranteed or issued by different levels of government around the world; investment-grade corporate bonds of companies located in developed or emerging countries; high-yield bonds; agency securities; floating-rate debt securities, including senior and second lien floating-rate loans; asset-backed and mortgage-backed securities; convertible debt securities.
Portfolio Management
| Portfolio Manager |
National Bank Trust Inc. |
|---|---|
| Sub-Advisor |
- |
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 | 100 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 0.91% |
|---|---|
| Management Fee | 0.60% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.51% |
| Trailer Fee Max (LL) | - |
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