Investment Objective
To provide income and moderate capital appreciation and is denominated in $US dollars. It aims to deliver on its objective by investing in a portfolio comprised primarily of fixed-income securities and preferred and common shares of Canadian and foreign companies denominated in $US.
Fund Details:
Investment horizon
Fund volatility
Minimum Initial Investment:
$50,000
Subsequent Investment:
$100
Systematic Investment:
$100
Distribution Frequency:
Monthly
Assets Under Management ($M):
$98.7
Price per Unit:
$19.82
Inception Date:
October 30, 2015
Value of $100,000 since inception:
$198,200
MER:
0.40%
TER:
0.02%
Trailing Commission:
Max annual 1.50%
(included within the Service Fees)
Portfolio Manager:
National Bank Investments Inc.
Service Fees
NBI Private Wealth Management Amount Applicable
| Level | to the level* | Rate** |
|---|---|---|
| 1 | First $250,000 | 1.500% |
| 2 | Next $250,000 | 0.850% |
| 3 | In excess of $500,000 | 0.750% |
*The levels apply according to the market value of the
assets.
**Taxes not included
Portfolio Asset Mix
(% of Net Assets)
| Fixed Income | 53.80% |
| Global Equities | 46.20% |
Funds
| Category | Min Target | Target | Max Target | Actual |
|---|---|---|---|---|
| Fixed Income | 45.00% | 55.00% | 65.00% | 53.80% |
| Global Equities | 35.00% | 45.00% | 55.00% | 46.20% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Investor Series | 4.04 | 6.54 | 13.09 | -14.45 | 15.07 | 15.71 | 19.14 |
Benchmark Index
55% Bloomberg US Aggregate (USD), 45% S&P500 (USD)
Annualized Returns (%)
| Fixed Income | Market (%) | Volatility | MER | TER | Trailing | 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NBI U.S. Bond Private Portfolio | 53.80 | Low to medium | 0.29 | 0.00 | 0.51 | -0.10 | 0.63 | 3.13 | 3.43 | 2.07 | -1.27 | - | 1.69 |
| Global Equities | Market (%) | Volatility | MER | TER | Trailing | 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
| NBI U.S. High Conviction Equity Private Portfolio | 46.20 | Medium | 0.52 | 0.01 | 0.51 | 2.93 | 8.45 | -3.74 | 6.43 | 14.43 | 13.75 | - | 14.72 |
| Portfolio | Market (%) | Volatility | MER | TER | Trailing | 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. |
| Portfolio | Low to medium | 0.40 | 0.02 | 0.51 | 0.56 | 4.15 | 2.06 | 4.76 | 6.41 | 5.56 | - | 7.26 |
Monthly Distribution Details
| Date | 984 Investor Series | 994 Retirement Series | ||||||
|---|---|---|---|---|---|---|---|---|
| Price/Unit ($) | Monthly Distribution/ Unit ($) (incl. cap. gains) |
Annual Distribution/Unit (%) (excl. cap. gains) |
Price/Unit ($) | Monthly Income ($) |
Return of Capital ($) |
Annual Distribution/ Unit (%) (excl. cap. gains) |
Reinv. Cap.Gains |
|
| July 31, 2025 | 19.82 | 0.0323 | 1.96 | 19.84 | 0.0286 | 0.0476 | 4.61 | - |
| June 30, 2025 | 19.71 | 0.0298 | 1.81 | 19.74 | 0.0280 | 0.0476 | 4.59 | - |
| May 30, 2025 | 19.30 | 0.0304 | 1.89 | 19.32 | 0.0247 | 0.0505 | 4.67 | - |
| April 30, 2025 | 19.03 | 0.0317 | 2.00 | 19.05 | 0.0299 | 0.0444 | 4.68 | - |
| Total | 0.1242 | 0.1112 | 0.1900 | |||||
| Fund name | Who is this fund for? |
|---|---|
| Investment objective | Investors who: |
| NBI U.S. Bond Private Portfolio | |
|
To provide current income and sustained capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of Canadian or U.S. government or corporate bonds denominated in U.S. dollars. |
|
| NBI U.S. High Conviction Equity Private Portfolio | |
|
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. |
|
Subscriber Rights
Under the securities law in some provinces and territories, you have the right to:
- withdraw from an agreement to buy mutual fund securities within two business days after you receive a simplified prospectus or Fund Facts document; or
- cancel your purchase within 48 hours after you receive confirmation of the purchase.
Disclosure
NBI Private Wealth Management is offered by National Bank Investments Inc., with National Bank Trust Inc. and Natcan Trust Company, subsidiaries of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investment and the use of an asset allocation service (such as NBI Private Wealth Management). Please read the prospectus of the funds composing the NBI Private Wealth Management profiles before investing. The funds’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Investors must enter into an agreement with National Bank Investments Inc., which retains the services of National Bank Trust Inc. or Natcan Trust Company as portfolio managers, which gives them the authority to select, add or remove National Bank Mutual Funds composing the NBI Private Wealth Management profiles.