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 fixed income investments in your portfolio are individually selected, and carefully consider interest rates to provide a solid combination between producing income and protecting your money. The selection of securities is made by the myWealth Unified Investment Committee, which identifies the best available opportunities based on the objectives and attractiveness of the strategies evaluated.
Details
Investment horizon
At least 1 year
Code
7CDEUZ
Inception Date:
October 7, 2024
Initial minimum investment:
$5,020 CAD*
Subsequent Investment:
$2,510 CAD*
Portfolio Manager:
National Bank Financial
Benchmark:
Morningstar Can Core Bond $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 $250,000 | 0.95% |
| 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
3.88%
Yield to Maturity
3.62
Average Duration
6.81
Asset Allocation (%)
| Canadian Government Bonds | 39.79% | |
| Canadian Corporate Bonds | 24.51% | |
| Cash and Equivalents | 14.94% | |
| Foreign Bonds - Other | 13.02% | |
| Foreign Corporate Bonds | 5.40% | |
| Foreign Government Bonds | 1.41% | |
| Canadian Bonds - Other | 0.41% | |
| Mortgages | 0.30% | |
| US Equity | 0.12% | |
| Foreign Bonds - Funds | 0.08% | |
| Other | 0.02% |
Top Holdings (%)
| NBI Canadian Bond Private Portfolio Series F | 34.89% |
| CI Canadian Bond Pool | 25.27% |
| PIMCO Monthly Income Fund (Canada) Series H | 19.26% |
| RP Strategic Income Plus Fund Class | 10.18% |
| NBI CDN C/P BD /NL/N | 10.07% |
| BALANCE ( CAD ) | 0.32% |
| Total | 99.99% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| 3.39 | - | - | - | - | - | - |
Annualized Returns (%)
| 1 month |
3 month |
6 month |
1 year |
3 year |
5 year |
10 year |
Since Inception |
|---|---|---|---|---|---|---|---|
| 0.76 | 3.24 | 2.01 | - | - | - | - | 4.90 |
Returns before management fees