NBI Global Real Assets Income Fund

Investment Objective

To generate income and long-term capital growth while focusing on hedging against inflation The fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of common shares of companies in industry sectors associated with real assets and located around the world.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

Style: Value, , Market cap: Large

Style	Sector Deviation	Market Capitalization
Value	Minimal	Small
Blend	Moderate	Mid
Growth	Wide	Large

Minimum Initial Investment:

Subsequent Investment:

Systematic Investment:

Distribution Frequency:

Monthly

Assets Under Management ($M):

$1,584.1

Price per Unit:

$11.76

Inception Date:

May 19, 2017

Value of $10,000 since inception:

$17,701

Benchmark Index:

S&P Global Infrastructure

Management Fee:

MER:

0.03%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Nuveen Asset Management, LLC

Portfolio Asset Mix (% of Net Assets)

	US Equity	54.75%
	International Equity	33.72%
	Canadian Equity	6.73%
	Income Trust Units	3.50%
	Cash and Equivalents	1.30%

Sector Allocation	%
Utilities	52.23
Industrial Goods & Services	26.79
Energy	16.75
Real Estate	1.88
Technology	1.43
Telecommunications	0.63
Mutual Fund	0.18
Other	0.11

Dividend Yield (Trailing Yield)

3.35

Top Holdings	%
Xcel Energy Inc	6.51
Nextera Energy Inc	6.08
Entergy Corp	5.43
Sempra Energy	4.79
Aena SME SA	4.41
Williams Cos Inc	3.45
Enel SpA	3.16
Enbridge Inc	2.88
Iberdrola SA	2.87
Transurban Group - Units	2.83
Total of Top Holdings of the Fund (% of Net Assets):	42.41
Total Number of Securities Held:	78

Geographic Allocation	%
United States	54.76
European Union	23.77
Asia/Pacific Rim	8.03
Canada	8.03
Latin America	4.44
Japan	0.61
Other European	0.36

Calendar Returns (%)

YTD	2024	2023	2022	2021	2020	2019
14.75	26.42	6.91	-0.33	15.53	-13.44	15.20

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
-1.00	3.40	8.29	20.50	18.21	14.05	-	7.50

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.