NBI Unconstrained Fixed Income ETF (NUBF)
As of March 31, 2024
(Multi-Sector Fixed Income)
FundGrade A+® Rating recipient
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Underlying Index
Inception Return
(10/18/2019) 		1.29 % Day High/Low
 $20.90 / $20.76
YTD Return -0.03 % 52Week High/Low
 $21.61 / $19.79
    
NAVPS
(4/23/2024) 		$20.89
Change $0.05 / 0.22 %
Open / Close
(4/23/2024) 		$20.80 / $20.85
Management Fee 0.75 %
Traded Volume 14,900
Assets ($mil) -
Rank (1Yr) 169/266
Std Dev (3Yr) -
Beta (3Yr) -
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Open to Invest Open
Annual Dividend $0.78
Annual Yield 3.74 %
 
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 March 31, 2024)
Sector Allocation
(As of March 31, 2024)
Geographic Allocation
(As of March 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
S506212 IRS USD R F 2.87350 2.87% 04-Dec-2027Foreign BondsFixed IncomeUnited States11.65%
S530494 IRS USD R F 3.47600 3.48% 14-Jul-2028Foreign BondsFixed IncomeUnited States9.53%
S506469 IRS USD R F 2.74430 2.74% 17-Dec-2027Foreign BondsFixed IncomeUnited States5.81%
CANADIAN DOLLARCash and EquivalentsCash and Cash EquivalentCanada5.52%
B539700 CDS USD R V 03MEVENT 1.00% 20-Jun-2029Foreign BondsFixed IncomeUnited States5.04%
US DOLLARCash and EquivalentsCash and Cash EquivalentUnited States3.17%
B539128 IRS USD R V 00MSOFR 1.00% 15-Nov-2033Foreign BondsFixed IncomeUnited States3.02%
United Kingdom Government 3.75% 22-Oct-2053Foreign BondsFixed IncomeEuropean Union2.65%
B506229 IRS USD R V 12MSOFR 1.00% 04-Dec-2035Foreign BondsFixed IncomeUnited States2.61%
FNMA TBA 30 YR 4.5 4.50% 11-Apr-2054Foreign BondsFixed IncomeUnited States2.37%

Performance Data (As of March 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.79 -0.03 5.90 -0.03 3.76 -0.25 -    -   
Benchmark 0.67 1.56 7.31 1.56 3.76 -1.05 0.23 3.07
Quartile Ranking 3 4 3 4 3 2 - -

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 5.74 -6.96 0.53 6.50 -      -      -      -      -      -     
Benchmark 5.25 -10.27 -4.31 7.35 4.01 6.50 1.23 1.29 16.14 11.01
Quartile Ranking 3 1 2 2 - - - - - -

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