As at July 31, 2025

NBI U.S. High Conviction Equity Private Portfolio (Closed to new purchases)

Advisor Series

Category: U.S. Equity

Investment Objective

To provide long-term capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio consisting primarily of common shares of U.S. companies selected using a high conviction investment approach.

Fund Details

Investment horizon

At least 5 years

Fund volatility

Medium

Style

Sector
Deviation

Market
Capitalization

Style: Growth
Sector Deviation: Moderate
Market Capitalization: Large

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Annually

Assets Under Management ($M):

$4,187.1

Price per Unit:

$33.56

Inception Date:

July 14, 2015

Value of $10,000 over 10 years:

$32,775

Benchmark Index:

S&P 500 (CAD)

Management Fee:

1.45%

MER:

1.81%

Portfolio Manager:

Sub-Advisor:

National Bank Trust Inc.

Available Fund Codes:

Advisor Series-2
Initial Sales Charge-2 NBC4266
Advisor- U.S. $ Series-2
Initial Sales Charge-2 NBC4276
F-2 Series NBC4066
F-2_U.S. $ Series
F-2 Series_US NBC4076
F5 Series NBC4166
F5- U.S. $ Series
F5 Series NBC4176
FH Series-2 NBC5078
H Series-2
Initial Sales Charge-2 NBC5178
T5 Series
Initial Sales Charge NBC4366
T5- U.S. $ Series
Initial Sales Charge NBC4376

Portfolio Asset Mix

(% of Net Assets)

US Equity 96.60%
International Equity 3.33%
Cash and Equivalents 0.07%
Sector Allocation %
Technology 29.83
Consumer Goods & Services 25.57
Financial Services 22.91
Industrial Goods & Services 10.28
Basic Materials 6.84
Healthcare 4.57
Dividend Yield (Trailing Yield) 1.08
Top Holdings %
Microsoft Corp 10.58
Alphabet Inc Cl 8.45
Moody's Corp 7.44
Autozone Inc 6.70
Oracle Corp 6.33
Mastercard Inc Cl 5.86
CME Group Inc Cl 4.23
TJX Cos Inc 3.60
Sherwin-Williams Co 3.51
Linde PLC 3.33
Total of Top Holdings of the Fund
(% of Net Assets):
60.03
Total Number of Securities Held: 27

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
-0.27 19.58 17.94 -10.54 30.67 18.11 26.00

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
2.82 8.08 -4.36 5.04 12.95 12.28 12.60 12.83
Fundgrade A+

The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.

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.