(As of 3/31/2021)

NBI Floating Rate Income Fund Advisor Series / DSC

(Canadian Short Term Fixed Income)

FundGrade A+® Rating recipient
For more information about
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Inception Return
1.58 %
YTD Return 2.28 %
Change ($0.01) / -0.10 %
Growth of $10,000 (As of March 31, 2021)
MER 1.48 %
Assets ($mil) $26.46
Rank (1Yr) 6/278
Std Dev (3Yr) 6.69 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load Back Fee Only
Max Front End -
Max Back End 6.00 %
Sales Status Open
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.
Management Co.
National Bank Investments Inc.
  • Nicolas Normandeau, Fiera Capital Corporation
Asset Allocation
(As of March 31, 2021)
Sector Allocation
(As of March 31, 2021)
Geographic Allocation
(As of March 31, 2021)
Top 10 Holdings
Interest Swap 0.44% 25-May-2023OtherOtherUnited States49.13%
Interest Swap 0.20% 03-Feb-2024OtherOtherUnited States9.54%
Cash and Cash EquivalentsCash and EquivalentsCash and Cash EquivalentCanada8.66%
Interest Swap 0.22% 22-Oct-2024OtherOtherUnited States7.17%
Bell Canada Inc 1.65% 16-Aug-2027Domestic BondsFixed IncomeCanada2.20%
Real Estate Asset Liqdty Trust 3.64% 12-Nov-2052OtherFixed IncomeCanada1.92%
Alimentation Couche Tard Inc 3.60% 02-Mar-2025Domestic BondsFixed IncomeCanada1.78%
Parkland Corp 5.63% 09-May-2025Domestic BondsFixed IncomeCanada1.78%
Manulife Financial Corp 4.06% 24-Feb-2027Foreign BondsFixed IncomeUnited States1.75%
Husky Energy Inc 3.95% 15-Jan-2022Cash and EquivalentsCash and Cash EquivalentUnited States1.75%

Performance Data (As of March 31, 2021)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.47 2.28 5.43 2.28 16.11 1.79 2.88 -   
Benchmark -1.11 -5.34 -4.94 -5.34 1.20 3.61 2.77 4.00
Quartile Ranking 1 1 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 - - - -
MSCI ESG Fund Metrics (As of April 01, 2021)
60th Percentile - Global

The MSCI ESG Quality Score measures the ability of underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors.

ESG Leaders are companies with a best in class MSCI ESG Rating. ESG Laggards are companies with a worst in class MSCI ESG Rating. MSCI ESG Ratings is designed to identify ESG risks or opportunities that may not be captured through conventional financial analysis. Companies are rated on a AAA-CCC scale relative to the standards and performance of their industry peers, according to analysis of thousands of data points across 36 key ESG issues.

The percentage of the portfolio's market value exposed to companies flagged for one or more standard SRI exclusion factors (alcohol, civilian firearms, gambling, weapons, cluster bombs, landmines, nuclear power, GMOs, and tobacco).

The portfolio weighted average of each company’s percent of revenue generated by Sustainable Impact Solutions (goods and services that address at least one of the world’s social and environmental challenges), as defined by the United Nations Sustainable Development Goals.

ESG data provided by MSCI
MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

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