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)
5.95%
Discount/Premium to NAV
0.2%

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

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of July 8, 2024
Exposure type
Bonds, Cash & Other
Loans
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Loans47.46%
Cash34.93%
Miscellaneous12.88%
Corporate4.72%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows