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NBI Target 2031 Investment Grade Bond Fund Advisor Series
Global Corp Fixed Income
|
NAVPS (06-18-2026) |
$10.21 |
|---|---|
| Change |
$0.02
(0.21%)
|
As at May 31, 2026
As at May 31, 2026
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Fund Returns
Inception Return (January 27, 2025): 2.67%
| 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 | 0.95% | -0.82% | 0.34% | 1.14% | 3.12% | - | - | - | - | - | - | - | - | - |
| Benchmark | 1.82% | -0.02% | -0.26% | 1.27% | 5.97% | 7.23% | 6.73% | 6.29% | 2.97% | 1.43% | 2.45% | 3.23% | 2.57% | 3.01% |
| Category Average | 0.66% | -0.24% | 0.78% | 1.02% | 4.32% | 5.39% | 5.59% | 4.11% | 1.77% | 2.47% | 2.67% | 2.87% | - | - |
| Category Rank | 89 / 230 | 191 / 228 | 150 / 222 | 102 / 224 | 171 / 220 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 2 | 4 | 3 | 2 | 4 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.28% | -0.24% | 0.74% | 1.40% | 0.43% | 0.12% | -0.79% | 0.70% | 1.26% | -1.75% | 0.00% | 0.95% |
| Benchmark | 1.53% | 0.68% | 0.72% | 2.50% | 0.66% | 0.01% | -1.51% | -0.21% | 1.50% | -0.67% | -1.14% | 1.82% |
Best Monthly Return Since Inception
1.40% (September 2025)
Worst Monthly Return Since Inception
-1.75% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | 0.66% | 2.08% | 5.22% | 5.81% | 8.39% | -3.78% | -10.63% | 6.54% | 10.41% | 5.13% |
| Category Average | - | - | - | 9.03% | 6.89% | 0.56% | -10.54% | 7.62% | 5.63% | 4.93% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
-
Worst Calendar Return (Last 10 years)
-
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 45.72 |
| Canadian Government Bonds | 43.95 |
| Cash and Equivalents | 10.33 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 88.47 |
| Cash and Cash Equivalent | 10.33 |
| Financial Services | 1.20 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Housing Trust No 1 1.10% 15-Mar-2031 | 9.02 |
| Epcor Utilities Inc 2.41% 30-Mar-2031 | 7.00 |
| Canada Government 1.50% 01-Dec-2031 | 6.96 |
| Enbridge Gas Inc 2.35% 15-Sep-2031 | 6.75 |
| North West Redwater Partnershp 2.80% 01-Mar-2031 | 6.45 |
| Energir LP 3.04% 09-Feb-2032 | 6.32 |
| Bank of Montreal 3.54% 03-Sep-2026 | 5.48 |
| British Columbia Province 1.55% 18-Jun-2031 | 4.91 |
| Quebec Province 1.50% 01-Sep-2031 | 4.23 |
| Alberta Province 1.65% 01-Jun-2031 | 3.95 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.09% | - | - | - |
| Beta | 0.53 | - | - | - |
| Alpha | 0.00 | - | - | - |
| Rsquared | 0.54% | - | - | - |
| Sharpe | 0.25 | - | - | - |
| Sortino | 0.05 | - | - | - |
| Treynor | 0.01 | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | January 27, 2025 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $75 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC9631 |
Investment Objectives
The NBI Target 2031 Investment Grade Bond Fund’s investment objective is to provide current income and preserve capital over a predetermined time period. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of investment-grade bonds of North American companies with an effective maturity in 2031. It is anticipated that the fund will terminate on or about November 30, 2031 or such earlier date upon not less than 60 day
Investment Strategy
In order to achieve its investment objective, the fund invests in in a portfolio comprised primarily of investment-grade bonds of North American companies with an effective maturity in 2031. As bonds reach maturity, the fund will transition the portfolio to cash and cash equivalents and it is expected that the portfolio will consist primarily of cash and cash equivalents by the 2031 Termination Date. The fund may also invest in: • Bonds trading at a discount to potentially improve the tax eff
Portfolio Management
| Portfolio Manager |
National Bank Investments Inc. |
|---|---|
| Sub-Advisor |
AlphaFixe Capital Inc.
|
Management and Organization
| Fund Manager |
National Bank Investments Inc. |
|---|---|
| Custodian |
Natcan Trust Company National Bank Financial Inc. |
| Registrar |
Natcan Trust Company |
| Distributor |
National Bank Savings and Investments Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 25 |
| SWP Min Withdrawal | - |
Fees
| MER | 0.79% |
|---|---|
| Management Fee | 0.65% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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