NBI Resource Fund

Investment Objective

To achieve capital growth primarily by investing in equities of Canadian natural resource companies and companies that support resource companies. It is expected that investments in foreign securities will not exceed approximately 30% of the fund's net asset value.

Fund Details

Investment horizon

At least 5 year

Fund volatility

High

Style: Value, Sector Deviation: Minimal, Market cap: Mid

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

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Annually

Assets Under Management ($M):

$61.1

Price per Unit:

$60.20

Inception Date:

June 12, 2009

Value of $10,000 over 10 years:

$22,445

Benchmark Index:

S&P/TSX Comp. Energy (50%)

S&P/TSX Materials (50%)

Management Fee:

1.75%

MER:

2.19%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Foyston, Gordon & Payne

Management Fee Reduction Plan¹

For High Net Worth investors
Amount Applicable

Level	to the level*	Reduction
1	First $250,000	0.050%
2	Next $250,000	0.100%
3	In excess of $500,000	0.150%

¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the assets.

Available Fund Codes:

Advisor Series
Initial Sales Charge	NBC444
Deferred Sales Charge	NBC544
Low Sales Charge	NBC644
F Series	NBC744

Portfolio Asset Mix (% of Net Assets)

	Canadian Equity	91.92%
	Cash and Equivalents	7.98%
	Income Trust Units	0.06%
	Other	0.04%

Sector Allocation	%
Energy	49.35
Basic Materials	49.03
Industrial Goods & Services	1.58
Mutual Fund	0.04

Dividend Yield (Trailing Yield)

2.73

Top Holdings	%
Methanex Corp	11.19
Winpak Ltd	10.59
Canadian Natural Resources Ltd	10.10
Cenovus Energy Inc	9.65
Suncor Energy Inc	9.64
Canfor Corp	9.07
Tourmaline Oil Corp	8.87
Nutrien Ltd	7.21
Pason Systems Inc	5.09
Teck Resources Ltd Cl B	4.59
Total of Top Holdings of the Fund (% of Net Assets):	86.00
Total Number of Securities Held:	23

Calendar Returns (%)

YTD	2024	2023	2022	2021	2020	2019
12.92	14.57	5.25	13.48	24.67	-8.36	24.27

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
0.28	10.03	21.49	10.98	10.80	15.48	8.42	4.60

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.