(As of 12/31/2025)

NBI Liquid Alternatives ETF (NALT)

(Alternative Multi-Strategy)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2022





Inception Return
(2/6/2019) 		4.49 %
YTD Return 2.63 %
NAVPS
(1/26/2026) 		$23.06
Change $0.30 / 1.30 %
Growth of $10,000 (As of December 31, 2025)
MER 0.64 %
Assets ($mil) $203.42
Rank (1Yr) 87/101
Std Dev (3Yr) 8.86 %
Volatility Ranking (3Yr) 3/10
RRSP Eligibility Yes
Load No Load
Max Front End -
Max Back End -
Sales Status Open
 
Objective
The NBI Liquid Alternatives ETF’s investment objective is to provide a positive return while maintaining low correlation to, and lower volatility than, the return of the global equity markets. The NBI Liquid Alternatives ETF will aim to achieve this investment objective regardless of prevailing market conditions or general market direction.
Fund Manager

National Bank Investments Inc.

Portfolio Manager

National Bank Trust Inc.

Sub-Advisor
-
 
Asset Allocation
(As of December 31, 2025)
Sector Allocation
(As of December 31, 2025)
Geographic Allocation
(As of December 31, 2025)
Top 10 Holdings
NameAssetSectorGeographicPercent
5yr United States Notes Index , March 26Foreign BondsFixed IncomeUnited States27.90%
US 10-year Treasury Note , March 26Foreign BondsFixed IncomeUnited States18.02%
US 2-year Treasury , March 26Foreign BondsFixed IncomeUnited States16.56%
British Pound , March 26Cash and EquivalentsCash and Cash EquivalentUnited States14.49%
Canadian Dollar , March 26Cash and EquivalentsCash and Cash EquivalentUnited States13.62%
Australian Dollar , March 26Cash and EquivalentsCash and Cash EquivalentUnited States11.41%
US Long Bond , March 26Foreign BondsFixed IncomeUnited States4.58%
Gold 100 oz , February 26OtherOtherOther4.12%
Silver , March 26OtherOtherOther3.79%
Copper , March 26OtherOtherOther2.99%

Performance Data (As of December 31, 2025)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 1.52 5.08 4.65 2.63 2.63 -0.12 2.91 -   
Benchmark 1.32 6.25 19.53 31.68 31.68 21.42 16.09 12.66
Quartile Ranking 1 1 3 4 4 4 4 -

Calendar Return (%) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 2.63 -2.46 -0.46 8.58 6.67 10.45 -      -      -      -     
Benchmark 31.68 21.65 11.75 -5.84 25.09 5.60 22.88 -8.89 9.10 21.08
Quartile Ranking 4 4 4 1 3 2 - - - -

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