(As of 10/31/2023)

NBI Unconstrained Fixed Income ETF (NUBF)

(Multi-Sector Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(10/18/2019) 		-0.26 %
YTD Return -1.20 %
NAVPS
(11/29/2023) 		$20.89
Change $0.09 / 0.45 %
Growth of $10,000 (As of October 31, 2023)
MER 0.86 %
Assets ($mil) -
Rank (1Yr) 160/277
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 Investments Inc.

Sub-Advisor

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

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

 
Asset Allocation
(As of October 31, 2023)
Sector Allocation
(As of October 31, 2023)
Geographic Allocation
(As of October 31, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
S506212 IRS USD R F 2.87350 2.87% 04-Dec-2027Foreign BondsFixed IncomeUnited States12.43%
S506469 IRS USD R F 2.74430 2.74% 17-Dec-2027Foreign BondsFixed IncomeUnited States6.20%
B533107 CDS USD R V 03MEVENT 1.00% 20-Dec-2028Foreign BondsFixed IncomeUnited States3.73%
B533147 CDS USD R V 03MEVENT 1.00% 20-Dec-2028Foreign BondsFixed IncomeUnited States3.73%
US DOLLARCash and EquivalentsCash and Cash EquivalentUnited States3.10%
B514808 IRS CNY R V 03MCNRR 2.70% 20-Sep-2028Foreign BondsFixed IncomeUnited States2.97%
B533168 CDS EUR R V 03MEVENT 1.00% 20-Dec-2028Foreign BondsFixed IncomeUnited States2.81%
B506229 IRS USD R V 12MSOFR 1.00% 04-Dec-2035Foreign BondsFixed IncomeUnited States2.81%
CANADIAN DOLLARCash and EquivalentsCash and Cash EquivalentCanada2.42%
FNMA TBA 30 YR 4.5 4.50% 13-Nov-2053Foreign BondsFixed IncomeUnited States2.40%

Performance Data (As of October 31, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -1.02 -3.38 -3.32 -1.20 2.23 -1.32 -    -   
Benchmark 1.40 0.30 -2.99 1.01 5.74 -4.81 0.37 3.27
Quartile Ranking 3 3 3 4 3 2 - -

Calendar Return (%) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund -6.96 0.53 6.50 -      -      -      -      -      -      -     
Benchmark -10.27 -4.31 7.35 4.01 6.50 1.23 1.29 16.14 11.01 6.38
Quartile Ranking 1 2 2 - - - - - - -

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