(As of 10/31/2024)

NBI Floating Rate Income Fund Advisor Series / DSC

(Canadian Short Term Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(1/8/2014) 		2.14 %
YTD Return 8.16 %
NAVPS
(12/2/2024) 		$9.70
Change ($0.01) / -0.10 %
Growth of $10,000 (As of October 31, 2024)
MER 1.31 %
Assets ($mil) $114.60
Rank (1Yr) 13/278
Std Dev (3Yr) 6.56 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load Front Fee Only
Max Front End -
Max Back End 6.00 %
Sales Status Open
 
Objective
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.
Fund Manager

National Bank Investments Inc.

Portfolio Manager

National Bank Trust Inc.

Sub-Advisor

Nicolas Normandeau, Fiera Capital Corporation

 
Asset Allocation
(As of October 31, 2024)
Sector Allocation
(As of October 31, 2024)
Geographic Allocation
(As of October 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada2.76%
Federation Csses Desjardins Qc 2.86% 26-May-2025Cash and EquivalentsCash and Cash EquivalentCanada2.05%
Rogers Communications Inc 3.65% 31-Jan-2027Domestic BondsFixed IncomeCanada1.96%
Bank of America Corp 3.62% 16-Mar-2027Domestic BondsFixed IncomeCanada1.84%
Canadian Imperial Bank Commrce 2.01% 21-Jul-2025Cash and EquivalentsCash and Cash EquivalentCanada1.69%
Wells Fargo & Co 2.98% 19-May-2026Domestic BondsFixed IncomeCanada1.37%
Transcanada Pipelines Ltd 3.80% 05-Feb-2027Domestic BondsFixed IncomeCanada1.36%
Bank of Montreal 7.06% 31-Dec-2099Domestic BondsFixed IncomeCanada1.15%
Sun Life Financial Inc 2.58% 10-May-2027Domestic BondsFixed IncomeCanada1.15%
Sun Life Financial Inc 2.80% 21-Nov-2028Domestic BondsFixed IncomeCanada1.12%

Performance Data (As of October 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.34 1.66 3.92 8.16 12.26 3.14 3.62 2.09
Benchmark -0.30 1.59 4.68 4.73 8.05 1.98 1.90 1.87
Quartile Ranking 1 2 3 1 1 1 1 2

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 6.79 -4.92 4.53 2.43 3.74 -3.05 4.55 3.06 -3.69 -     
Benchmark 4.92 -3.98 -0.92 5.17 2.98 1.89 0.27 0.90 2.56 3.01
Quartile Ranking 1 3 1 4 2 4 1 1 4 -

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