NBI Global Small Cap Fund

Investment Objective

The fund’s investment objective is to provide long-term capital appreciation by investing, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of small and medium capitalization companies located around the world. It is expected that investments in emerging market securities will not exceed approximately 20% of the fund’s net assets.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium to High

Style: Growth, Sector Deviation: Wide, Market cap: Small

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):

$778.8

Price per Unit:

$11.11

Inception Date:

August 29, 2023

Value of $10,000 since inception:

$11,111

Benchmark Index:

MSCI World Small Cap Net Index (CAD)

Management Fee:

1.90%

MER:

2.46%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

PineStone Asset Management Inc.

Available Fund Codes:

Advisor Series
Initial Sales Charge	NBC5456
F Series	NBC5756
FH Series	NBC5056
H Series
Initial Sales Charge	NBC5156
O Series	NBC9156

Portfolio Asset Mix (% of Net Assets)

	European Union	51.66%
	United States	30.43%
	Other European	7.29%
	Asia/Pacific Rim	3.91%
	Japan	3.73%
	Canada	2.98%

Sector Allocation	%
Industrial Goods & Services	39.74
Consumer Goods & Services	19.36
Technology	18.92
Real Estate	8.44
Financial Services	6.39
Healthcare	5.03
Basic Materials	2.12

Dividend Yield (Trailing Yield)

1.58

Top Holdings	%
Belimo Holding AG Cl N	4.32
Diploma PLC	4.10
Nordnet AB (publ)	3.95
Federal Signal Corp	3.94
TechnologyOne Ltd	3.91
Intertek Group PLC	3.87
Rotork PLC	3.85
Howden Joinery Group PLC	3.20
Rational AG	3.17
Inficon Holding AG	2.97
Total of Top Holdings of the Fund (% of Net Assets):	37.28
Total Number of Securities Held:	45

Calendar Returns (%)

YTD	2024	2023	2022	2021	2020	2019
2.69	7.23	-	-	-	-	-

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
-0.53	-2.11	8.61	5.21	-	-	-	4.96

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.