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About NBI Canadian Dividend Income ETF Trust Units
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Inception date
Feb 11, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
National Bank Investments, Inc.
ISIN
CA63946K1003
The fund aims to maximize potential for long-term capital growth and generate sustained dividend income by primarily investing in a portfolio comprised of equity securities of Canadian companies that pay dividends. The fund may also invest in income trusts (including REITs), equity securities of foreign companies (generally with not more than 30% allocation), convertible securities (including rights and warrants), ADRs and GDRs as the fund adviser sees fit. Based on a bottom-up, fundamental research, NDIV focuses on companies with stable dividends and a sustainable payout ratio. In particular, the fund adviser has a bias for companies capable of increasing their dividends as well as those proceeding to shares repurchases. Sectors, industries and regions are also diversified in order to reduce volatility. Furthermore, currency management strategies may be engaged to hedge against the risk of currency fluctuation between the CAD and other currencies of securities held by the fund.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Industrial Services
Non-Energy Minerals
Technology Services
Stocks97.00%
Finance35.26%
Industrial Services15.86%
Non-Energy Minerals11.84%
Technology Services11.63%
Energy Minerals7.59%
Communications4.79%
Utilities3.47%
Retail Trade3.19%
Transportation2.19%
Consumer Non-Durables1.19%
Bonds, Cash & Other3.00%
UNIT1.91%
Rights & Warrants0.66%
Cash0.43%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NDIV invests in stocks. The fund's major sectors are Finance, with 35.26% stocks, and Industrial Services, with 15.86% of the basket. The assets are mostly located in the North America region.
NDIV top holdings are Royal Bank of Canada and Toronto-Dominion Bank, occupying 9.58% and 6.20% of the portfolio correspondingly.
NDIV last dividends amounted to 0.07 CAD. The month before, the issuer paid 0.07 CAD in dividends,
NDIV assets under management is 16.06 M CAD. It's risen 2.98% over the last month.
NDIV fund flows account for −1.30 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, NDIV pays dividends to its holders with the dividend yield of 2.28%. The last dividend (Sep 29, 2025) amounted to 0.07 CAD. The dividends are paid monthly.
NDIV shares are issued by National Bank of Canada under the brand NBI. The ETF was launched on Feb 11, 2021, and its management style is Active.
NDIV expense ratio is 0.63% meaning you'd have to pay 0.63% of your investment to help manage the fund.
NDIV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NDIV invests in stocks.
NDIV price has risen by 4.12% over the last month, and its yearly performance shows a 19.09% increase. See more dynamics on NDIV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.03% over the last month, showed a 7.13% increase in three-month performance and has increased by 18.10% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.03% over the last month, showed a 7.13% increase in three-month performance and has increased by 18.10% in a year.
NDIV trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.