As at December 31, 2025

NBI Canada Focus Pooled Fund

Investment Objective

Provide long-term capital growth. It invests, directly or through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of Canadian equities.

Fund Details:

Investment horizon

At least 5 year

Fund volatility

Medium

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Distribution Frequency:

Annually

Price per Unit:

$10.30

Inception Date:

November 4, 2025

Benchmark Index:

S&P/TSX Composite

Portfolio Manager:

National Bank Investments Inc.

Management Fee:

0.50%

Available Fund Codes:

Private Series NBC4793

Portfolio Asset Mix (% of Net Assets)

Canadian Equity 99.49%
Cash and Equivalents 0.51%
Sector Allocation %
Financial Services 26.72
Consumer Services 22.53
Industrial Services 19.58
Technology 10.30
Telecommunications 10.17
Industrial Goods 4.79
Basic Materials 3.49
Real Estate 1.91
Cash and Cash Equivalent 0.51
Top Holdings %
Royal Bank of Canada 6.14
Quebecor Inc Cl B 5.25
Metro Inc 5.10
Intact Financial Corp 4.99
Toromont Industries Ltd 4.79
CGI Inc Cl 4.76
National Bank of Canada 4.59
Canadian National Railway Co 4.57
Loblaw Cos Ltd 4.44
Restaurant Brands International Inc 4.44

Calendar Returns (%)

Regulations restrict the presentation of performance figures until a fund reaches its one - year
anniversary.

Annualized Returns (%)

Regulations restrict the presentation of performance figures until a fund reaches its one - year
anniversary.

What is a Private Pool?

A Private Pool is a private investment fund. In return for your investment in the Private Pool, you will receive units of the Private Pool. The value of these units is based on the value of the Private Pool’s underlying investments. A professional portfolio manager manages these investments on a discretionary basis.

Content

The Private Pool achieves exposure to the above asset class by investing up to 100% of its assets in the underlying funds managed by third parties. The Private Pool will have greater diversity of risk factors, take advantage of opportunistic arbitrage, and have a lower overall risk than traditional portfolios. The Private Pool may hold a portion of its assets in cash, money market securities or money market funds while seeking investment opportunities.

For more information

This summary may not contain all the information you need. Refer to the Discretionary Management Agreement for more detailed information. Should you require further information, please contact your National Bank Financial Investment Advisor.

A word about tax

In general, you’ll have to pay income tax on any gain and revenue generated from your investment. How much you pay depends on the tax laws that are applicable in the area you live in and whether or not you hold the investment in a registered plan, such as a Registered Retirement Savings Plan or a Tax-Free Savings Account. Keep in mind that if you hold your investment in a non-registered account, fund distributions or capital gains are included in your taxable income; whether they are paid, accrued or reinvested.