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NBI Unconstrained Fixed Income Fund Investor Series
Multi-Sector Fixed Income
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FundGrade D
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|
NAVPS (05-13-2026) |
$7.95 |
|---|---|
| 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 (November 28, 2016): 1.11%
| 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 | 1.26% | -1.20% | -0.42% | -0.52% | 3.27% | 4.09% | 2.98% | 2.20% | 0.54% | 2.10% | 1.58% | 1.49% | 1.20% | - |
| Benchmark | -1.08% | -0.21% | -2.07% | -0.47% | 2.91% | 6.34% | 4.83% | 4.85% | 1.84% | 0.75% | 1.69% | 2.39% | 1.83% | 2.68% |
| Category Average | 0.87% | -0.24% | 0.47% | 0.19% | 4.89% | 5.46% | 4.49% | - | - | - | - | - | - | - |
| Category Rank | 59 / 325 | 307 / 321 | 257 / 318 | 283 / 320 | 259 / 307 | 265 / 287 | 250 / 278 | 237 / 267 | 223 / 255 | 179 / 240 | 185 / 223 | 174 / 199 | 152 / 173 | - |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 4 | - |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.27% | 1.30% | -0.20% | 1.37% | 0.55% | 0.37% | 0.12% | -0.02% | 0.69% | 0.87% | -3.27% | 1.26% |
| Benchmark | -0.45% | 1.36% | 0.41% | 0.79% | 2.27% | 0.61% | -0.13% | -1.47% | -0.26% | 1.58% | -0.69% | -1.08% |
Best Monthly Return Since Inception
3.85% (November 2023)
Worst Monthly Return Since Inception
-8.57% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | -0.09% | -5.18% | 8.88% | 4.81% | -0.64% | -6.93% | 4.43% | 1.35% | 5.40% |
| Benchmark | 1.29% | 1.23% | 6.50% | 4.01% | 7.35% | -4.31% | -10.27% | 5.25% | 9.76% | 4.31% |
| Category Average | - | - | - | - | - | - | - | - | 3.89% | 5.80% |
| Quartile Ranking | - | 4 | 4 | 2 | 3 | 4 | 1 | 4 | 4 | 2 |
| Category Rank | - | 150/ 171 | 188/ 197 | 88/ 218 | 133/ 239 | 196/ 252 | 64/ 260 | 250/ 278 | 269/ 287 | 145/ 303 |
Best Calendar Return (Last 10 years)
8.88% (2019)
Worst Calendar Return (Last 10 years)
-6.93% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 56.61 |
| Foreign Government Bonds | 19.20 |
| Cash and Equivalents | 13.65 |
| Mortgages | 8.63 |
| Canadian Government Bonds | 1.89 |
| Other | 0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 86.83 |
| Cash and Cash Equivalent | 13.65 |
| Financial Services | 0.42 |
| Consumer Services | 0.01 |
| Energy | 0.01 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 66.90 |
| Europe | 18.35 |
| Latin America | 9.71 |
| Africa and Middle East | 3.04 |
| Asia | 1.37 |
| Other | 0.63 |
Top Holdings
| Name | Percent |
|---|---|
| NBI Unconstrained Fixed Income ETF (NUBF) | 99.58 |
| Cash and Cash Equivalents | 0.41 |
| Noble Corp (Cayman Island) | 0.01 |
| WTS-NOBLE CORP 2 , warrants due February 5, 2028 | 0.00 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
NBI Unconstrained Fixed Income Fund Investor Series
Median
Other - Multi-Sector Fixed Income
3 Yr Annualized
| Standard Deviation | 4.70% | 4.87% | - |
|---|---|---|---|
| Beta | 0.42 | 0.43 | - |
| Alpha | 0.01 | 0.00 | - |
| Rsquared | 0.18% | 0.28% | - |
| Sharpe | -0.13 | -0.45 | - |
| Sortino | 0.01 | -0.61 | - |
| Treynor | -0.01 | -0.05 | - |
| Tax Efficiency | 54.72% | - | - |
| Volatility |
|
|
- |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.27% | 4.70% | 4.87% | - |
| Beta | 0.39 | 0.42 | 0.43 | - |
| Alpha | 0.02 | 0.01 | 0.00 | - |
| Rsquared | 0.13% | 0.18% | 0.28% | - |
| Sharpe | 0.22 | -0.13 | -0.45 | - |
| Sortino | 0.09 | 0.01 | -0.61 | - |
| Treynor | 0.02 | -0.01 | -0.05 | - |
| Tax Efficiency | 53.69% | 54.72% | - | - |
Fund Details
| Start Date | November 28, 2016 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2,909 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC305 |
Investment Objectives
The NBI Unconstrained Fixed Income Fund’s investment objective is to maximize total return, consistent with preservation of capital. The fund invests, directly or indirectly through investments in securities of 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.
Investment Strategy
The fund seeks to achieve its objective by managing portfolio duration, credit risk, and volatility. The fund has significant latitude to pursue opportunities across the fixed-income spectrum, and is not managed or compared to any specific index. The fund has the flexibility to invest across different sectors, credit ratings, maturities and geographic regions, including moving between sectors or across credit risk, and may have long, short or negative duration.
Portfolio Management
| Portfolio Manager |
National Bank Trust Inc. |
|---|---|
| Sub-Advisor |
J.P. Morgan Investment Management Inc.
|
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 | 10,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 1.25% |
|---|---|
| Management Fee | 1.25% |
| 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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