NBI U.S. Equity Index Fund

Investment Objective

To ensure long-term capital growth by tracking the performance of the Morningstar® U.S. Large-Mid Index, an index of shares of the largest U.S. companies in terms of market capitalization. The fund invests directly, or indirectly through investments in securities of othermutual funds or through the use of derivatives, in a portfolio composed mainly of shares of U.S. companies.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

Minimum Initial Investment:

Subsequent Investment:

Systematic Investment:

Distribution Frequency:

Annually

Assets Under Management ($M):

$1,274.8

Price per Unit:

$23.11

Inception Date:

May 22, 2018

Value of $10,000 since inception:

$28,784

Benchmark Index:

Morningstar US Large-Mid Index

Management Fee:

MER:

0.03%

Portfolio Manager:

National Bank Investments Inc.

Portfolio Asset Mix (% of Net Assets)

	US Equity	96.96%
	International Equity	2.91%
	Cash and Equivalents	0.10%
	Canadian Equity	0.03%

Sector Allocation	%
Technology	42.53
Consumer Goods & Services	16.21
Financial Services	12.24
Healthcare	9.16
Industrial Goods & Services	8.45
Energy	3.30
Utilities	2.40
Real Estate	2.21
Telecommunications	1.76
Basic Materials	1.70
Other	0.04

Dividend Yield (Trailing Yield)

1.10

Top Holdings	%
NVIDIA Corp	7.21
Apple Inc	6.18
Microsoft Corp	5.13
Amazon.com Inc	3.74
Alphabet Inc Cl	3.16
SPDR S&P 500 ETF Trust (SPY)	2.97
Alphabet Inc Cl C	2.75
Meta Platforms Inc Cl	2.50
Broadcom Inc	2.45
Tesla Inc	1.93
Total of Top Holdings of the Fund (% of Net Assets):	38.02
Total Number of Securities Held:	533

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
0.54	12.12	35.36	23.77	-13.95	25.49	18.82

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
0.54	-1.61	7.65	8.16	21.73	15.41	-	14.93

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.