National Bank Mortgage Fund - National bank of Canada

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					As at August 31, 2012



                   Bank Mortgage Fund
NationalShort Term Fixed Income
Category: Canadian

                                                               Portfolio Asset Mix (% of Net Assets)
Quick Facts                                                                                                                    l       53.78%    Mortgages                                     l
                                                                                                                               l       26.58%    Provincial Bonds                              l
The Mortgage Fund’s objectives are to provide a high
                                                                                                                               l        8.91%    Federal Bonds                                 l
level of income while providing sustained capital growth
                                                                                                                               l        5.45%    Corporate Bonds                               l
and preserving capital. The fund invests primarily in first
                                                                                                                               l        5.28%    Cash & Other Assets                           l
mortgages on residential real estate in Canada. It also
buys debt securities of corporations and of Canadian                                                                           l                                                               l
federal, provincial and municipal governments.
                                                               Top Holdings (%)                                                                             Credit Rating (%)
INVESTMENT HORIZON                                            N.H.A. Insured                                                         32.68
                                                                                                                                                            AAA                                                54.19
 SHORT                                               LONG
                                                              Mortgage pool                                                          21.10
                                                              Province of Ontario, 3.15%, due September 8, 2015                       7.79                  AA                                                  9.57
                                                              Cash & Other Assets                                                     5.28                  A                                                  36.24
FUND VOLATILITY                                               PSP Capital Inc., 2.26%, due February 16, 2017                          4.50
 LOW                                                 HIGH     Financement-Québec, 4.25%, due December 1st, 2015                       3.44                  Average Duration (Years)                               2.60
                                                              Financement-Québec, 2.40%, due December 1st, 2018                       3.20                  Average Coupon Rate (%)                                3.34
                                                              Province of Quebec, 5.00%, due December 1st, 2015                       2.91
Minimum Initial Investment:                           $500    Cadillac Fairview, 3.24%, due January 25, 2016                          2.69
                                                              Royal Bank of Canada, 3.27%, due November 10, 2014                      2.23
Subsequent Investment:                                  $50                     Total of Top Holdings of the Fund (% of Net Assets): 85.82
                                                                                                   Total Number of Securities Held:     50
Systematic Investment:                                  $25    Annual Returns (%)

Distribution Frequency:                            Monthly         8

                                                                   6                                                                                                 5.50
Assets Under Management ($M):                     $1,161.1
                                                                                                            3.55                                                                                   3.79
                                                                   4                                                                                                                3.03
                                                                                                                                                   2.89
Price per Unit:                                     $11.08                                                                      1.83
                                                                   2
Inception Date:                             August 1, 1991                              0.20
                                                                   0

Value of $10,000 over 10 years:                    $14,147        -2
                                                                                        YTD                 2011                2010               2009              2008           2007           2006
Benchmark Index:                            DEX Short Term
                                                               Annual Compound Returns (%)
Management Fee: 1.50%                          MER: 1.70%
                                                                   7
Portfolio Manager:                Fiera Capital Corporation                                                                                                                                                 5.33
                                                                   5
Management Team:                     Marc-André Gaudreau                                                                                                                    3.02
                                                                                                                                                                                            3.53
                                                                   3                                                                                          2.28
                                                                                                                                                1.51
                                                                   1                                      0.09               0.37

                                                                  -1
                                                                                      -0.06

                                                                  -3
                                                                                        1 month           3 months          6 months            1 year        3 years       5 years        10 years         Since
                                                                                                                                                                                                          Inception
                                                              Fund                        -0.06              0.09              0.37              1.51          2.28          3.02           3.53            5.33




                                                              Please carefully read the legal notices contained in the disclosure page.
As at August 31, 2012



                   Bank Mortgage Fund
NationalShort Term Fixed Income
Category: Canadian

         Disclosure
         National Bank Securities Mutual Funds (the “Funds”) are offered by National Bank Securities Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing
         commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus of the Funds before investing. The indicated rates of
         return are the historical annual compounded total returns which include changes in the value of securities and reinvestment of all distributions and do not take into account sales,
         redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The Funds’ securities are not insured by the Canada
         Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that a fund will be able to maintain its net asset
         value per security at a constant amount or that the full amount of the investment in a fund will be returned. The Funds are not guaranteed, their values change frequently and past
         performance may not be repeated.

				
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