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 will be composed of exchange-traded funds (ETFs). Securities will be selected according to the attractiveness of different markets. Cash and money market instruments can also be apart of the portfolio. Your Investment Advisor may provide you with an Investment Policy Statement.
Details
Investment horizon
At least 3 years
Code
762874
Inception Date:
April 1, 2016
Initial minimum investment:
$10,835 CAD*
Subsequent Investment:
$10,835 CAD*
Portfolio Manager:
National Bank Financial
Benchmark:
Morningstar Can 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 to Medium
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 $100,000 | 0.95% |
| from $100,000.01 to $250,000 | 0.90% |
| from $250,000.01 to $500,000 | 0.85% |
| from $500,000.01 to $1,000,000 | 0.80% |
| $1,000,000.01 or more | 0.75% |
Mandate Statistics
Average Coupon
3.52%
Yield to Maturity
3.29
Average Duration
6.69
Asset Allocation (%)
| Canadian Government Bonds | 50.15% | |
| Canadian Corporate Bonds | 24.29% | |
| Foreign Bonds - Other | 10.12% | |
| Canadian Bonds - Funds | 9.70% | |
| Cash and Equivalents | 2.20% | |
| Foreign Government Bonds | 1.74% | |
| Foreign Corporate Bonds | 1.54% | |
| US Equity | 0.10% | |
| Canadian Bonds - Other | 0.09% | |
| Mortgages | 0.06% | |
| Other | 0.01% |
Top Holdings (%)
| Vanguard Canadian Aggregate Bond Index ETF (VAB) | 39.30% |
| iShares High Quality Canadian Bond Index ETF (XQB) | 35.71% |
| PIMCO Monthly Income Fund (Canada) ETF (PMIF) | 14.97% |
| NBI CDN CORE PLUS BND ETF | 9.70% |
| BALANCE ( CAD ) | 0.31% |
| Total | 99.99% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 3.73 | 4.50 | 7.04 | -10.94 | 0.38 | 7.62 | 7.21 |
Annualized Returns (%)
| 1 month |
3 month |
6 month |
1 year |
3 year |
5 year |
10 year |
Since Inception |
|---|---|---|---|---|---|---|---|
| 0.81 | 3.13 | 2.65 | 4.74 | 5.58 | 1.10 | - | 2.60 |
Please note that the above performance is the current manager’s performance that reflects the strategy now implemented. It differs from the basket past performance. Please contact your Investment Advisor if you need more information. The returns are presented before management fees.