NBI HIGH YIELD BD ETF UNITNBI HIGH YIELD BD ETF UNITNBI HIGH YIELD BD ETF UNIT

NBI HIGH YIELD BD ETF UNIT

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Key stats


Assets under management (AUM)
‪1.12 B‬CAD
Fund flows (1Y)
‪40.59 M‬CAD
Dividend yield (indicated)
5.94%
Discount/Premium to NAV
−0.08%

About NBI HIGH YIELD BD ETF UNIT


Issuer
National Bank of Canada
Brand
NBI
Expense ratio
0.69%
Inception date
Mar 4, 2020
Index tracked
No Underlying Index
Management style
Active
The fund aims to achieve high total income return by actively managing a portfolio comprised primarily of high-yield debt securities of developed market issuers. Such issuers can be both companies/corporation or US and Canadian government. Holdings could also include floating-rate notes and loans, preferred shares, ABS and MBS, and convertible bonds. In selecting securities, the fund sub-advisor uses a fundamental, bottom-up investment process to look for issuers believed to have well-defined business vision and competitive advantages. The process is based on sector diversification, companys strength in-depth analysis, competitive position in the sector, management team, market trends and the return offered compared to risk and market conditions. The fund may also invest less than 15% of its assets in other funds, including ETFs, managed by the sub-advisor.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Loans
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Loans47.46%
Cash34.93%
Miscellaneous12.88%
Corporate4.72%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.