(As of 7/31/2026)

NBI Unconstrained Fixed Income ETF (NUBF)

(Multi-Sector Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(10/18/2019) 		2.06 %
YTD Return -0.20 %
NAVPS
(8/21/2026) 		$20.84
Change $0.00 / -0.01 %
Growth of $10,000 (As of July 31, 2026)
MER 0.88 %
Assets ($mil) $2,947.42
Rank (1Yr) 172/314
Std Dev (3Yr) 4.70 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load No Load
Max Front End -
Max Back End -
Sales Status Open
 
Objective
The investment objective is to maximize total return, consistent with preservation of capital. The NBI ETF invests, directly or indirectly through investments in securities of one or many 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.
Fund Manager

National Bank Investments Inc.

Portfolio Manager

National Bank Trust Inc.

Sub-Advisor

Iain Stealey, J.P. Morgan Investment Management Inc.

Robert C. Michele, J.P. Morgan Investment Management Inc.

Lisa Coleman, J.P. Morgan Investment Management Inc.

Andrew Headley, J.P. Morgan Investment Management Inc.

Jeffrey Hutz, J.P. Morgan Investment Management Inc.

Robert Cook , J.P. Morgan Investment Management Inc.

Thomas Hauser, J.P. Morgan Investment Management Inc.

Jeffrey Lovell, J.P. Morgan Investment Management Inc.

Manish Goyal, J.P. Morgan Investment Management Inc.

 
Asset Allocation
(As of July 31, 2026)
Sector Allocation
(As of July 31, 2026)
Geographic Allocation
(As of July 31, 2026)
Top 10 Holdings
NameAssetSectorGeographicPercent
Interest Rate Swap 2.22% 16-Dec-2027OtherOtherOther European14.44%
Interest Rate Swap 4.06% 15-Sep-2028OtherOtherEuropean Union13.93%
Interest Rate Swap 2.89% 14-Jun-2029OtherOtherOther European13.59%
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada11.75%
Interest Rate Swap 2.39% 15-Dec-2028OtherOtherOther European5.61%
Interest Rate Swap 4.23% 15-Sep-2028OtherOtherEuropean Union5.09%
Credit default swap , due June 20, 2031OtherOtherUnited States4.41%
Interest Rate Swap 2.32% 11-Aug-2030OtherOtherOther European3.27%
Interest Rate Swap 3.12% 21-Jun-2038OtherOtherOther European3.04%
Government of the United States 3.88% 31-Mar-2028Foreign BondsFixed IncomeUnited States2.23%

Performance Data (As of July 31, 2026)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -1.27 0.08 -0.94 -0.20 2.57 3.89 1.24 -   
Benchmark -1.95 2.16 1.94 1.68 3.75 6.76 1.63 2.22
Quartile Ranking 3 3 4 3 3 4 3 -

Calendar Return (%) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Fund 6.38 2.13 5.74 -6.96 0.53 6.50 -      -      -      -     
Benchmark 4.31 9.76 5.25 -10.27 -4.31 7.35 4.01 6.50 1.23 1.29
Quartile Ranking 1 4 4 2 3 1 - - - -

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