As at July 31, 2025

NBI SmartBeta Low Volatility Canadian Equity Fund

Advisor Series

Category: Canadian 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 composed mainly of equity securities of Canadian companies that are selected using quantitative analysis of risk factors. It is expected that investments in foreign securities will not exceed approximately 10% of the fund’s assets.

Fund Details

Investment horizon

At least 5 years

Fund volatility

Low to medium

Style

Sector
Deviation

Market
Capitalization

Style: Blend
Sector Deviation: Wide
Market Capitalization: Mid

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Annually

Assets Under Management ($M):

$305.7

Price per Unit:

$17.65

Inception Date:

October 30, 2015

Value of $10,000 since inception:

$22,208

Benchmark Index:

S&P/TSX Composite

Management Fee:

1.75%

MER:

2.11%

Portfolio Manager:

National Bank Investments Inc.

Management Fee Reduction Plan¹

For High Net Worth investors
Amount Applicable

Level to the level* Reduction
1 First $250,000 0.050%
2 Next $250,000 0.100%
3 In excess of $500,000 0.150%

¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the
   assets.

Available Fund Codes:

Advisor Series
Initial Sales Charge NBC496
Deferred Sales Charge NBC596
Low Sales Charge NBC696
F Series NBC796
O Series NBC396

Portfolio Asset Mix

(% of Net Assets)

Canadian Equity 99.67%
Cash and Equivalents 0.19%
Income Trust Units 0.14%
Sector Allocation %
Consumer Goods & Services 22.28
Utilities 21.85
Financial Services 18.78
Telecommunications 9.83
Industrial Goods & Services 8.89
Energy 6.98
Basic Materials 4.65
Real Estate 4.10
Technology 2.64
Dividend Yield (Trailing Yield) 2.79
Top Holdings %
Fortis Inc 3.97
Quebecor Inc Cl B 3.94
Emera Inc 3.84
Hydro One Ltd 3.72
Loblaw Cos Ltd 3.55
Metro Inc 3.32
Empire Co Ltd Cl 3.31
Telus Corp 3.16
Canadian Utilities Ltd Cl 2.68
Great-West Lifeco Inc 2.59
Total of Top Holdings of the Fund
(% of Net Assets):
34.08
Total Number of Securities Held: 52

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
12.28 17.61 6.84 -5.97 16.79 4.82 21.40

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
0.97 5.44 12.28 16.66 10.87 9.04 - 8.53

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.