NBI International Value Fund

Investment Objective

The NBI International Value Fund’s investment objective is to provide long-term capital growth. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of common shares of international companies.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

Style: Growth, Sector Deviation: Moderate, Market cap: MidLarge

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):

$747.5

Price per Unit:

$11.96

Inception Date:

November 15, 2022

Value of $10,000 since inception:

$13,164

Benchmark Index:

MSCI EAFE Index

Management Fee:

1.60%

MER:

2.01%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Franklin Templeton Investments Corp.

Available Fund Codes:

Advisor Series
Initial Sales Charge	NBC5455
F Series	NBC5755
N Series	NBC455
O Series	NBC9355

Portfolio Asset Mix (% of Net Assets)

	European Union	56.63%
	Japan	20.36%
	Other	8.60%
	Asia/Pacific Rim	7.00%
	Canada	4.93%
	United States	1.48%
	Multi-National	0.97%
	Africa and Middle East	0.03%

Sector Allocation	%
Financial Services	30.46
Industrial Goods & Services	20.74
Consumer Goods & Services	11.82
Healthcare	9.62
Energy	7.43
Technology	7.29
Utilities	3.87
Basic Materials	3.14
Telecommunications	2.31
Real Estate	2.22
Exchange Traded Fund	1.00
Other	0.10

Dividend Yield (Trailing Yield)

2.61

Top Holdings	%
Mitsubishi UFJ Financial Group Inc	3.13
Shell PLC	2.81
Sumitomo Mitsui Financial Group Inc	2.46
BNP Paribas SA	2.42
AstraZeneca PLC	2.00
AIB Group PLC	1.98
HSBC Holdings PLC	1.97
Abb Ltd Cl N	1.92
Hoya Corp	1.90
Glencore PLC	1.86
Total of Top Holdings of the Fund (% of Net Assets):	22.45
Total Number of Securities Held:	709

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
6.03	2.10	5.66	14.63	-	-	-

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
3.69	1.72	7.39	5.79	7.06	-	-	8.12

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.