NBI International Equity Index Fund

Investment Objective

To ensure long-term capital growth by tracking the performance of the Morningstar® Developed Market ex-North America Large Cap Index, an index of large-capitalization companies located in those markets. The fund invests directly, or indirectly through investments insecurities of other mutual funds or through the use of derivatives, in a portfolio composed mainly of shares of companies located outside of North America.

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):

$129.2

Price per Unit:

$15.02

Inception Date:

May 22, 2018

Value of $10,000 since inception:

$18,865

Benchmark Index:

Morningstar Developed Markets ex-North America Index

Management Fee:

MER:

0.03%

Portfolio Manager:

National Bank Investments Inc.

Portfolio Asset Mix (% of Net Assets)

	European Union	54.74%
	Japan	23.47%
	Other	10.98%
	Asia/Pacific Rim	9.81%
	Africa and Middle East	0.86%
	Canada	0.14%

Sector Allocation	%
Financial Services	26.50
Consumer Goods & Services	18.67
Industrial Goods & Services	16.82
Healthcare	10.87
Technology	8.38
Basic Materials	4.71
Energy	4.16
Utilities	3.54
Real Estate	3.08
Telecommunications	3.00
Other	0.27

Dividend Yield (Trailing Yield)

2.77

Top Holdings	%
iShares MSCI EAFE ETF (EFA)	3.33
ASML Holding NV	2.15
AstraZeneca PLC	1.48
Roche Holding AG - Partcptn	1.48
HSBC Holdings PLC	1.40
Nestle SA Cl N	1.32
Novartis AG Cl N	1.32
Sap SE	1.30
Toyota Motor Corp	1.27
Shell PLC	1.09
Total of Top Holdings of the Fund (% of Net Assets):	16.14
Total Number of Securities Held:	483

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
26.04	26.04	12.47	15.35	-7.25	11.04	6.37

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
0.92	3.53	11.01	26.04	17.81	10.99	-	8.82

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.