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 Bond Basket is mainly composed of investment grade bonds. The portfolio manager will adjust his strategy according to the direction of interest rates, generally shortening duration when interest rates go up and increasing it when rates go down. The portfolio manager will also look for the best corporate bonds and take advantage of spreads between government and corporate bonds. In addition, the manager will look for companies with credit ratings that can improve. Your Investment Advisor may provide you with the complete Investment Policy Statement.
Details
Investment horizon
At least 1 year
Code
76290Q
Inception Date:
January 29, 1998
Initial minimum investment:
$13,692 CAD*
Subsequent Investment:
$13,692 CAD*
Portfolio Manager:
Alphafixe Capital Inc.
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
How much does it cost?
The following charges will apply at all times in addition to the fees if an agreement has been signed with your investment advisor.
| Investment | Fees |
|---|---|
| $1 or more | 0.25% |
Mandate Statistics
Average Coupon
3.56%
Yield to Maturity
3.51
Average Duration
7.01
Asset Allocation (%)
| Canadian Government Bonds | 55.70% | |
| Canadian Corporate Bonds | 39.47% | |
| Cash and Equivalents | 3.02% | |
| Foreign Corporate Bonds | 1.79% | |
| Foreign Government Bonds | 0.02% |
Top Holdings (%)
| NBI Sustainable Canadian Corporate Bond ETF (NSCC) | 33.52% |
| Ontario Province 4.70% 02-Jun-2037 | 12.67% |
| Ontario Province 3.75% 02-Jun-2032 | 11.83% |
| NBI Sustainable Canadian Short Term Bd ETF (NSSB) | 6.80% |
| Canada Housing Trust No 1 1.60% 15-Dec-2031 | 4.99% |
| Royal Bank of Canada 2.33% 28-Jan-2027 | 4.76% |
| Canada Housing Trust No 1 2.65% 15-Mar-2028 | 4.29% |
| Quebec Province 3.50% 01-Dec-2045 | 3.35% |
| Quebec Province 2.85% 01-Dec-2053 | 2.82% |
| Canada Government 3.25% 01-Dec-2035 | 2.72% |
| Total | 87.75% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 4.31 | 4.90 | 7.48 | -11.02 | -2.92 | 8.65 | 7.25 |
Annualized Returns (%)
| 1 month |
3 month |
6 month |
1 year |
3 year |
5 year |
10 year |
Since Inception |
|---|---|---|---|---|---|---|---|
| 0.62 | 3.10 | 2.79 | 5.38 | 6.02 | 0.58 | 2.48 | 4.50 |
Returns before management fees