As at July 31, 2025

NBI Corporate Bond Private Portfolio

Advisor Series

Category: Canadian Corporate Fixed Income

Investment Objective

To provide long-term capital growth and to generate high current income. The fund invests, directly or through investments in securities of other mutual funds, in a portfolio consisting primarily of investment-grade debt securities of Canadian companies. The fund may invest approximately 40% of its assets in foreign debt securities.

Fund Details

Investment horizon

At least 3 years

Fund volatility

Low

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Monthly

Assets Under Management ($M):

$1,302.7

Price per Unit:

$9.75

Inception Date:

July 14, 2015

Value of $10,000 over 10 years:

$12,514

Benchmark Index:

FTSE Can Corp. (CAD)

Management Fee:

0.78%

MER:

0.95%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Fiera Capital Corporation

Available Fund Codes:

Advisor Series
Initial Sales Charge NBC4220
F Series NBC4020

Portfolio Asset Mix

(% of Net Assets)

Cdn Corp Bonds - Invest Grade 60.85%
Cdn Corp Bonds - Other 26.80%
Cash and Equivalents 4.43%
Canadian Provincial Bonds 2.57%
Canadian Government Bonds 2.27%
Canadian high yield bonds 1.70%
Bonds - Other 1.38%
Credit Rating %
AAA 1.03
AA 32.57
A 24.24
BBB 40.09
BB 2.06
Average Duration (Years) 5.72
Average Maturity (Years) 9.76
Gross Yield to Maturity (%) 4.05
Gross Current Yield (%) 4.49
Top Holdings %
Canada Government 2.00% 01-Jun-2032 1.57
Bank of Montreal 3.73% 03-Jun-2030 1.47
Toronto-Dominion Bank 3.84% 29-May-2030 1.37
Toronto-Dominion Bank 4.68% 08-Jan-2029 1.22
National Bank of Canada 3.31% 15-Aug-2027 1.20
Royal Bank of Canada 5.23% 24-Jun-2030 1.12
Toronto-Dominion Bank 4.21% 01-Jun-2027 1.09
Canadian Imperial Bank Commrce 3.80% 10-Dec-2030 1.08
Bank of Nova Scotia 3.73% 27-Jun-2031 0.92
Canadian Imperial Bank Commrce 5.35% 20-Apr-2028 0.92
Total of Top Holdings of the Fund
(% of Net Assets):
11.96
Total Number of Securities Held: 446
Allocation by Maturity %
Short Term 39.11
Mid Term 27.95
Long Term 32.94

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
1.83 6.88 7.83 -10.64 -2.13 7.99 7.15

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
-0.11 0.66 0.79 5.21 4.75 0.74 2.27 2.34

The rate of return anticipated on a bond if it is held until the maturity date expressed as an annual rate. It is assumed that all coupons are reinvested at the same rate.

Annual income paid by a bond or a stock, expressed as a percentage of its current market price. It does not include any capital gains or losses that may be realized upon maturity.

Disclosure

NBI Mutual Funds (the “Funds”) are offered by National Bank Investments Inc. an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. 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.