(As of 8/31/2021)

NBI Floating Rate Income Fund Advisor Series / DSC

(Canadian Short Term Fixed Income)






FundGrade A+® Rating recipient
For more information about
FundGrade click here
Inception Return
(1/8/2014) 		1.72 %
YTD Return 4.06 %
NAVPS
(9/21/2021) 		$9.84
Change $0.01 / 0.10 %
Growth of $10,000 (As of August 31, 2021)
MER 1.49 %
Assets ($mil) $142.84
Rank (1Yr) 8/282
Std Dev (3Yr) 6.71 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End -
Max Back End 6.00 %
Sales Status Open
 
Objective
The National Bank Floating Rate Income Fund's investment objective is to generate interest income while minimizing the effects of interest-rate fluctuations. The Fund invests 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 August 31, 2021)
Sector Allocation
(As of August 31, 2021)
Geographic Allocation
(As of August 31, 2021)
Top 10 Holdings
NameAssetSectorGeographicPercent
Interest Swap 0.44% 04-Jun-2024OtherOtherCanada9.45%
Interest Swap 0.44% 25-May-2023OtherOtherCanada9.10%
Interest Swap 0.44% 04-Jun-2025OtherOtherCanada7.00%
Interest Swap 0.43% 13-May-2027OtherOtherCanada6.30%
Interest Swap 0.43% 13-May-2026OtherOtherCanada4.90%
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada4.16%
Interest Swap 0.44% 04-Jun-2028OtherOtherCanada2.80%
Interest Swap 0.43% 07-May-2026OtherOtherCanada2.24%
Bank of Montreal 2.85% 06-Mar-2024Domestic BondsFixed IncomeCanada1.93%
Toronto-Dominion Bank 3.22% 25-Jul-2024Domestic BondsFixed IncomeCanada1.84%

Performance Data (As of August 31, 2021)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.16 0.18 2.23 4.06 7.11 1.99 2.67 -   
Benchmark -0.09 1.98 1.64 -2.71 -1.77 4.42 2.57 3.68
Quartile Ranking 1 2 1 1 1 4 1 -

Calendar Return (%) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund 2.43 3.74 -3.05 4.56 3.06 -3.69 -      -      -      -     
Benchmark 8.61 6.97 1.29 2.70 1.54 3.57 9.10 -1.48 3.70 10.01
Quartile Ranking 4 1 4 1 1 4 - - - -

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