Key stats
About NBI UNCONSTRAINED FIXED INCOME ETF UNIT
Expense ratio
0.86%
Home page
Inception date
Oct 18, 2019
The fund seeks to maximize total return, consistent with capital preservation, by pursuing opportunities across the fixed income spectrum. As its name suggests, this actively managed fund has extreme flexibility to invest across different sectors, credit ratings, maturities, and geographic regions. It includes moving between sectors or across credit risks, and may have long, short, or negative duration. This significant latitude entails considerable active management on the portfolio duration, credit risk, and volatility, which could result to a higher portfolio turnover rate. The fund may also engage in hedging any foreign currency exposure of the portfolio back to CAD, though the sub-advisor may choose not to if such foreign currencies are likely to appreciate in value relative to the Canadian dollar.
Classification
What's in the fund
Exposure type
Corporate
Miscellaneous
Government
Stocks0.98%
Finance0.66%
Communications0.15%
Utilities0.13%
Non-Energy Minerals0.03%
Energy Minerals0.02%
Bonds, Cash & Other99.02%
Corporate46.69%
Miscellaneous20.82%
Government12.21%
Securitized9.91%
Cash8.36%
Loans0.97%
Rights & Warrants0.06%