Fund Library Home Page
Sign In Français

  • My Watchlist is is a members only feature. Sign in or Sign up for free access to the watchlist feature.

Fund Search
ETF Search
Stock Search

Join Fund Library now and get free access to personalized features to help you manage your investments.

Sign up Now More Info

NBI Unconstrained Fixed Income Fund Investor Series

  • Premium Feature Only
Add to My Watchlist

Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$7.98
Change
$0.02 (0.25%)

As at November 30, 2024

As at November 30, 2024

Period
Loading...

Legend

NBI Unconstrained Fixed Income Fund Investor Series

Compare Options

Fund Returns

Inception Return (November 28, 2016): 0.83%

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 1.20% 0.59% 3.22% 2.34% 5.34% 3.71% -0.08% -0.06% 0.78% 1.97% 0.91% 0.83% - -
Benchmark 0.96% 3.30% 7.79% 9.02% 10.50% 7.28% 0.55% -0.44% 0.89% 2.29% 1.95% 2.15% 2.52% 3.45%
Category Average 1.02% 1.01% 4.55% 4.77% 8.00% - - - - - - - - -
Category Rank 119 / 310 262 / 297 291 / 295 288 / 293 289 / 293 265 / 284 194 / 276 189 / 266 186 / 245 158 / 230 172 / 205 153 / 170 - -
Quartile Ranking 2 4 4 4 4 4 3 3 4 3 4 4 - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.93% -0.37% -0.62% 0.75% -1.68% 1.09% 0.08% 1.70% 0.82% 1.19% -1.77% 1.20%
Benchmark 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96%

Best Monthly Return Since Inception

3.85% (November 2023)

Worst Monthly Return Since Inception

-8.57% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - -0.09% -5.18% 8.88% 4.81% -0.64% -6.93% 4.43%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking - - - 4 4 2 3 3 1 4
Category Rank - - - 158/ 170 200/ 206 79/ 234 155/ 248 171/ 266 54/ 276 258/ 284

Best Calendar Return (Last 10 years)

8.88% (2019)

Worst Calendar Return (Last 10 years)

-6.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 63.70
Foreign Government Bonds 16.39
Mortgages 10.10
Cash and Equivalents 7.94
Foreign Bonds - Other 1.30
Other 0.57

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 91.72
Cash and Cash Equivalent 7.94
Financial Services 0.68
Energy 0.06
Utilities 0.02
Other -0.42

Geographic Allocation

Geographic Allocation
Name Percent
North America 66.51
Europe 22.08
Latin America 6.63
Africa and Middle East 3.50
Asia 0.58
Other 0.70

Top Holdings

Top Holdings
Name Percent
NBI Unconstrained Fixed Income ETF (NUBF) 99.72
Cash and Cash Equivalents 0.27
Noble Corp (Cayman Island) 0.01
WTS-NOBLE CORP 2 , warrants due February 5, 2028 0.00

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

NBI Unconstrained Fixed Income Fund Investor Series

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 5.64% 6.36% -
Beta 0.59% 0.40% -
Alpha 0.00% 0.01% -
Rsquared 0.47% 0.16% -
Sharpe -0.62% -0.21% -
Sortino -0.68% -0.38% -
Treynor -0.06% -0.03% -
Tax Efficiency - - -
Volatility 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 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.77% 5.64% 6.36% -
Beta 0.73% 0.59% 0.40% -
Alpha -0.02% 0.00% 0.01% -
Rsquared 0.35% 0.47% 0.16% -
Sharpe 0.17% -0.62% -0.21% -
Sortino 0.77% -0.68% -0.38% -
Treynor 0.01% -0.06% -0.03% -
Tax Efficiency 80.52% - - -

Fund Details

Start Date November 28, 2016
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $2,455

Fund Codes

FundServ Code Load Code Sales Status
NBC305

Investment Objectives

The NBI Unconstrained Fixed Income Fund’s investment objective is to maximize total return, consistent with preservation of capital. The fund invests, directly or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a diversified portfolio composed mainly of fixed-income securities of issuers located throughout the world with various maturities and credit ratings.

Investment Strategy

The fund seeks to achieve its objective by managing portfolio duration, credit risk, and volatility. The fund has significant latitude to pursue opportunities across the fixed-income spectrum, and is not managed or compared to any specific index. The fund has the flexibility to invest across different sectors, credit ratings, maturities and geographic regions, including moving between sectors or across credit risk, and may have long, short or negative duration.

Portfolio Manager(s)

Name Start Date
Bob Michele 12-05-2018
Iain Stealey 12-05-2018
National Bank Trust Inc. 07-19-2021

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 10,000
SWP Min Withdrawal 50

Fees

MER 1.53%
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) -

Join Fund Library now and get free access to personalized features to help you manage your investments.

Sign up Now More Info