NBI Money Market Fund

Investment Objective

To ensure maximum protection of capital while providing a competitive short-term rate of return. This fund invests its net assets primarily in debt securities of corporations and of Canadian federal, provincial and municipal governments. It is expected that investments in securities of foreign issuers in Canadian dollars will not exceed approximately 15% of the fund’s net assets.

Fund Details

Investment horizon

Less than 1 year

Fund volatility

Low

Minimum Initial Investment:

Subsequent Investment:

Systematic Investment:

Distribution Frequency:

Monthly

Assets Under Management ($M):

$151.4

Price per Unit:

$10.00

Inception Date:

December 14, 2012

Value of $10,000 over 10 years:

$12,371

Benchmark Index:

FTSE Can T-91

Management Fee:

MER:

0.02%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Fiera Capital Corporation

Portfolio Asset Mix (% of Net Assets)

	Cash and Equivalents	99.82%
	Cdn Corp Bonds - Invest Grade	0.18%

Gross Yield to Maturity (%)^†

2.42

Top Holdings	%
Province of Ontario 2.64% 20-May-2026	4.81
Alberta Province 18-Feb-2026	2.73
City of Laval 4.50% 12-Mar-2026	2.65
Province of Alberta 2.50% 03-Sep-2026	2.53
Credit Union Central of Alberta 2.38% 04-Mar-2026	2.11
Municipal Finance Authority of British Columbia 2.34% 15-Jul-2026	2.02
Scotiabank 2.35% 30-Jul-2026	2.01
National Bank of Canada 2.40% 26-Feb-2026	1.98
Scotiabank 2.57% 23-Mar-2026	1.98
Toronto-Dominion Bank 2.54% 21-Apr-2026	1.98
Total of Top Holdings of the Fund (% of Net Assets):	24.80
Total Number of Securities Held:	131

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
0.20	2.99	4.92	4.97	1.96	0.24	0.78

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
0.20	0.63	1.34	2.88	4.22	3.04	2.15	1.92

^†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.

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.