Key stats
About NBI HIGH YIELD BD ETF UNIT
Expense ratio
0.69%
Home page
Inception date
Mar 4, 2020
ISIN
CA62878A1066
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
What's in the fund
Exposure type
Corporate
Stocks0.82%
Communications0.49%
Energy Minerals0.14%
Process Industries0.14%
Commercial Services0.05%
Bonds, Cash & Other99.18%
Corporate93.30%
Cash2.67%
Loans1.36%
Government1.27%
Miscellaneous0.59%