What is a Basket?
It is an investment model that is managed by a professional portfolio manager on a discretionary basis in your brokerage account. You directly own its underlying securities and receive the dividends and/or interest paid.
Investment Strategy
The Basket is managed by using a 5-year laddered strategy. Bond laddering consists of investing equal amounts of money in debt securities that mature sequentially over regular intervals. As the bonds mature, the principal is reinvested in new longer term bonds. Purchases are made without any considerations to either interest rate cycles or expectations. The strategy of staggering maturities provides a passive framework for managing interest rates and reinvestment risks. Your Investment Advisor may provide you with the complete Investment Policy Statement.
Details
Investment horizon
At least 1 year
Code
761159
Inception Date:
October 1, 2010
Initial minimum investment:
$24,657 CAD*
Subsequent Investment:
$12,328 CAD*
Portfolio Manager:
National Bank Financial
Benchmark:
Morningstar Can 1-5Y Core Bd GR CAD
* Contingent on the market value of the Basket and accrued interests/dividends at the time of purchase.
Risk Management
This investment is not guaranteed and its value can go down as well as up.
Low
How much does it cost?
The fees you pay depend on the type of agreement you signed with your investment advisor. This agreement prevails over the following table. Should you have no such signed agreement, the following charges apply.
| Investment | Fees |
|---|---|
| from $1 to $500,000 | 0.60% |
| from $500,000.01 to $1,000,000 | 0.55% |
| $1,000,000.01 or more | 0.50% |
Mandate Statistics
Average Coupon
-
Yield to Maturity
2.74
Average Duration
3.01
Allocation by Maturity
| Short Term | 69.00% | |
| Mid Term | 31.00% |
Top Holdings (%)
| Hydro-Quebec 15-Feb-2026 | 18.12% |
| Ontario Province 02-Dec-2027 | 17.29% |
| Hydro-Quebec 15-Aug-2028 | 16.92% |
| Hydro-Quebec 15-Feb-2029 | 16.66% |
| Hydro-Quebec 15-Aug-2030 | 15.83% |
| Hydro-Quebec 15-Aug-2031 | 15.17% |
| Total | 99.99% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 4.12 | 4.87 | 4.33 | -4.60 | -1.23 | 5.48 | 2.99 |
Annualized Returns (%)
| 1 month |
3 month |
6 month |
1 year |
3 year |
5 year |
10 year |
Since Inception |
|---|---|---|---|---|---|---|---|
| 0.42 | 2.01 | 1.93 | 5.06 | 4.65 | 1.53 | 1.96 | 2.30 |
Returns before management fees