National Bank Investments offers new funds for income generation and sustainable investment
National Bank Investments Inc. (NBI) has launched three new funds: the NBI Senior Loan Fund, the NBI Global Climate Ambition Fund, and the NBI Sustainable Global Bond Fund (NBI Funds).
These funds are now available for purchase in various series, each targeting specific investment objectives and sustainable approaches.
According to Martin Felton, vice president, National Sales at NBI, “With the launch of a thematic fund, an impact fund, and a senior loan fund, we continue to lead the way by offering clients dynamic and high growth investment opportunities.”
He added that these new solutions are aligned with NBI’s responsible investment philosophy, aiming to address the rising demand for sustainable products while supporting investors in meeting their financial goals and making a positive impact on society and the planet.
National Bank Trust Inc. (NBT) serves as the portfolio manager for the NBI Funds, delegating investment decisions to portfolio sub-advisors.
The NBI Senior Loan Fund is managed by AlphaFixe Capital Inc., the NBI Global Climate Ambition Fund by Amundi Canada Inc., and the NBI Sustainable Global Bond Fund by Nuveen Asset Management, LLC.
The funds are offered in multiple series, each with designated fund codes and management fees:
|
NBI Fund |
Fund Code |
Management Fee |
|---|---|---|
|
NBI Senior Loan Fund — Advisor Series |
NBC5417 |
1.20 % |
|
NBI Senior Loan Fund — F Series |
NBC5717 |
0.70 % |
|
NBI Senior Loan Fund — O Series |
NBC9317 |
0.00 % |
|
NBI Global Climate Ambition Fund — Advisor Series |
NBC5418 |
1.75 % |
|
NBI Global Climate Ambition Fund — F Series |
NBC5718 |
0.75 % |
|
NBI Global Climate Ambition Fund — O Series |
NBC9318 |
0.00 % |
|
NBI Sustainable Global Bond Fund — Advisor Series |
NBC5416 |
1.15 % |
|
NBI Sustainable Global Bond Fund — F Series |
NBC5716 |
0.65 % |
|
NBI Sustainable Global Bond Fund — O Series |
NBC9316 |
0.00 % |
The annual management fees are calculated as a percentage of the average daily net asset value of the NBI Fund. These fees, along with applicable taxes, accrue daily and are paid monthly.
In the O Series, no management fees are deducted directly from the NBI Funds. Related fees are negotiated with and paid directly by investors.
Each fund has specific investment objectives:
- The NBI Senior Loan Fund seeks to generate a high level of current income by investing in senior floating rate loans, primarily of corporate issuers worldwide, which are typically rated below investment grade.
- The NBI Global Climate Ambition Fund aims to provide long-term capital growth, adhering to a sustainable investment strategy with a focus on reducing the portfolio’s carbon footprint. It invests mainly in equity securities of global companies.
- The NBI Sustainable Global Bond Fund seeks to deliver a high level of current income, along with some capital growth, by following a sustainable investment approach. It primarily invests in bonds issued by governments and corporations worldwide.
