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NBI Global Tactical Bond Fund Investor Series
Global Fixed Income
Click for more information on Fundata’s FundGrade
FundGrade C
Click for more information on Fundata’s FundGrade.
|
NAVPS (05-13-2026) |
$8.66 |
|---|---|
| Change |
-$0.01
(-0.06%)
|
As at April 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (May 27, 2016): 0.21%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.05% | -0.74% | -1.32% | -0.83% | -0.23% | 2.01% | 1.76% | 0.72% | -1.05% | -0.43% | 0.11% | 0.13% | 0.13% | - |
| Benchmark | -1.43% | -0.49% | -2.65% | -0.74% | 0.51% | 4.93% | 2.67% | 2.86% | 0.20% | -1.39% | 0.23% | 0.96% | 0.54% | 1.17% |
| Category Average | 0.10% | -0.50% | -0.75% | -0.27% | 1.61% | 3.90% | 2.66% | 1.88% | 0.05% | 0.49% | 0.92% | 1.12% | 0.96% | 1.24% |
| Category Rank | 147 / 255 | 154 / 254 | 161 / 251 | 194 / 254 | 194 / 232 | 180 / 203 | 125 / 173 | 113 / 151 | 72 / 112 | 52 / 99 | 63 / 94 | 53 / 78 | 47 / 72 | - |
| Quartile Ranking | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.84% | 0.83% | -0.69% | 0.78% | 0.63% | 0.39% | -0.05% | -0.44% | -0.09% | 1.11% | -1.88% | 0.05% |
| Benchmark | -1.07% | 1.17% | -0.22% | 0.81% | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% |
Best Monthly Return Since Inception
4.09% (April 2020)
Worst Monthly Return Since Inception
-5.97% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 2.10% | -2.96% | 6.48% | 5.39% | -3.07% | -11.77% | 5.44% | 1.76% | 1.54% |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | - | 2 | 4 | 2 | 3 | 3 | 3 | 2 | 3 | 4 |
| Category Rank | - | 28/ 69 | 72/ 77 | 38/ 90 | 69/ 97 | 65/ 104 | 81/ 138 | 80/ 160 | 117/ 195 | 190/ 225 |
Best Calendar Return (Last 10 years)
6.48% (2019)
Worst Calendar Return (Last 10 years)
-11.77% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Government Bonds | 63.51 |
| Foreign Corporate Bonds | 21.65 |
| Cash and Equivalents | 6.20 |
| Mortgages | 5.54 |
| Foreign Bonds - Other | 1.71 |
| Other | 1.39 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 84.10 |
| Exchange Traded Fund | 9.70 |
| Cash and Cash Equivalent | 6.20 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 44.89 |
| Asia | 29.49 |
| Europe | 20.37 |
| Latin America | 2.66 |
| Multi-National | 1.37 |
| Other | 1.22 |
Top Holdings
| Name | Percent |
|---|---|
| iShares China CNY Bond UCITS ETF USD | 9.70 |
| Australia Government 4.25% 21-Dec-2035 | 8.69 |
| Government of the United States 3.88% 31-Mar-2031 | 4.43 |
| Cash and Cash Equivalents | 4.41 |
| United States Treasury 3.88% 30-Jun-2030 | 3.70 |
| Korea Treasury Bond 2.63% 10-Jun-2035 | 2.88 |
| Japan Government 2.20% 20-Mar-2064 | 2.66 |
| Government of the United States 4.75% 15-Feb-2056 | 2.34 |
| Government of the United States 4.13% 15-Feb-2036 | 2.33 |
| United Kingdom Government 4.38% 31-Jul-2054 | 1.99 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
NBI Global Tactical Bond Fund Investor Series
Median
Other - Global Fixed Income
3 Yr Annualized
| Standard Deviation | 4.48% | 5.06% | - |
|---|---|---|---|
| Beta | 0.54 | 0.57 | - |
| Alpha | 0.00 | -0.01 | - |
| Rsquared | 0.37% | 0.48% | - |
| Sharpe | -0.40 | -0.75 | - |
| Sortino | -0.37 | -0.96 | - |
| Treynor | -0.03 | -0.07 | - |
| Tax Efficiency | 41.85% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.96% | 4.48% | 5.06% | - |
| Beta | 0.50 | 0.54 | 0.57 | - |
| Alpha | 0.00 | 0.00 | -0.01 | - |
| Rsquared | 0.53% | 0.37% | 0.48% | - |
| Sharpe | -0.87 | -0.40 | -0.75 | - |
| Sortino | -1.18 | -0.37 | -0.96 | - |
| Treynor | -0.05 | -0.03 | -0.07 | - |
| Tax Efficiency | - | 41.85% | - | - |
Fund Details
| Start Date | May 27, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,221 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC331 |
Investment Objectives
The NBI Global Tactical Bond Fund’s investment objective is to generate income and capital growth, while focusing on capital preservation. To do this, the fund invests directly, or indirectly through investments in securities of other mutual funds or through the use of derivatives, in a diverse portfolio mainly composed of bonds and other foreign fixed-income securities with various maturities and credit ratings.
Investment Strategy
Applying a disciplined approach, the fund uses various active investment strategies, such as securities selection and asset allocation based on countries, duration, yield curve, currencies and sectors. These strategies are employed within a robust risk management framework.
Portfolio Management
| Portfolio Manager |
BNY Mellon Asset Management Canada Ltd (Mellon AM) |
|---|---|
| Sub-Advisor |
Insight North America LLC
|
Management and Organization
| Fund Manager |
National Bank Investments Inc. |
|---|---|
| Custodian |
Natcan Trust Company |
| Registrar |
Natcan Trust Company |
| Distributor |
National Bank Investments Inc. |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 500 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.35% |
|---|---|
| Management Fee | 1.35% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | 0.50% |
| Trailer Fee Max (LL) | - |
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