Key stats
About NBI SUSTAINABLE CDN CORPORATE BD ET TR UNIT
Expense ratio
0.63%
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Inception date
Feb 11, 2021
The fund seeks to provide current income and capital appreciation by actively selecting bonds of Canadian companies with low carbon intensity, while considering ESG issues, climate risks and contribution to UN Sustainable Development Goals. The fund aims to target a carbon intensity that is 50% lower than the estimated carbon footprint of its benchmark. This target may change over time as the general market becomes more conscious of its carbon footprint. Selecting securities is based on a bottom-up fundamental analysis by the portfolio sub-advisor. ESG issues are also assessed using relevant indicators from one sector to another. The sub-advisor also carries out a credit analysis on each security, combined with the ESG analysis and the internal analysis to determine the securitys weighting. Overall foreign exposure is capped at 30%. The fund may also invest less than 15% of its assets in other funds managed by the sub-advisor.
Classification
What's in the fund
Exposure type
Corporate
Stocks0.50%
Finance0.50%
Bonds, Cash & Other99.50%
Corporate99.33%
Cash1.42%
Miscellaneous−1.25%