(As of 12/31/2024)

NBI Unconstrained Fixed Income ETF (NUBF)

(Multi-Sector Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(10/18/2019) 		1.52 %
YTD Return 2.13 %
NAVPS
(1/27/2025) 		$21.05
Change $0.01 / 0.06 %
Growth of $10,000 (As of December 31, 2024)
MER 0.86 %
Assets ($mil) $2,465.27
Rank (1Yr) 256/293
Std Dev (3Yr) -
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

Bob Michele, J.P. Morgan Investment Management Inc.

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

 
Asset Allocation
(As of December 31, 2024)
Sector Allocation
(As of December 31, 2024)
Geographic Allocation
(As of December 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Interest Rate Swap 3.95% 19-Apr-2029OtherOtherUnited States8.55%
Credit default swapOtherOtherUnited States3.18%
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada3.02%
Federal National Mrtgage Assoc 4.50% 01-Aug-2052OtherFixed IncomeUnited States2.57%
Government Nationl Mrtg Assc 2 4.50% 20-Jun-2053OtherFixed IncomeUnited States2.46%
Interest Rate SwapOtherOtherUnited States2.11%
Federal National Mrtgage Assoc 5.50% 01-Jul-2053OtherFixed IncomeUnited States1.39%
Brazil Government 10.00% 01-Jan-2027Foreign BondsFixed IncomeLatin America1.28%
South Africa Government 9.00% 31-Jan-2040Foreign BondsFixed IncomeAfrica and Middle East1.06%
Government Nationl Mrtg Assc 2 5.00% 20-Jul-2053OtherFixed IncomeUnited States1.01%

Performance Data (As of December 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.93 -1.42 2.48 2.13 2.13 0.16 1.47 -   
Benchmark 0.67 1.98 7.33 9.76 9.76 1.21 1.26 3.46
Quartile Ranking 3 4 4 4 4 3 2 -

Calendar Return (%) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Fund 2.13 5.74 -6.96 0.53 6.50 -      -      -      -      -     
Benchmark 9.76 5.25 -10.27 -4.31 7.35 4.01 6.50 1.23 1.29 16.14
Quartile Ranking 4 3 1 2 2 - - - - -

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