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NBI Floating Rate Income A

NBC429
10.04
+0.01
+0.10%
2017-10-20
5 Years
  • Previous Close

    10.03

  • Net Assets

    418.29M

  • Yield

    1.61%

  • Front load

    None

  • Expenses

    -

  • Category

    Canadian Short-Term Fixed-Income

  • Morningstar Risk

    High

  • Morningstar Rating ★★★
Profile

Name of Issuer

National Bank Investments Inc

Fund Style

Open

Fund Manager

Nicolas Normandeau

Investment Style

-

The objective of the National Bank Floating Rate Income Fund is to generate interest income while minimizing the effects of interest-rate fluctuations. The Fund invests in a portfolio composed mainly of fixed-rate Canadian bonds and/or preferred shares issued by North-American companies and enters into derivatives transactions to generate a floating rate of income.

Purchase Information

Initial Purchase 500
Initial Purchase: IRA 500
Initial Purchase: AIP 25

Inception

2014-01-08

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