NBI Active U.S. Equity Fund

Investment Objective

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 commun shares of U.S. companies.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

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

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:

Quarterly

Assets Under Management ($M):

$3.8

Price per Unit:

$10.07

Inception Date:

January 27, 2025

Value of $10,000 since inception:

$10,835

Benchmark Index:

S&P 500 (CAD)

Management Fee:

0.55%

MER:

0.80%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Montrusco Bolton Investments Inc.

Available Fund Codes:

Advisor Series
Initial Sales Charge	NBC5441
F Series	NBC5741
FH Series	NBC5041
H Series
Initial Sales Charge	NBC5141

Portfolio Asset Mix (% of Net Assets)

	US Equity	88.36%
	Cash and Equivalents	8.28%
	Canadian Equity	1.78%
	International Equity	1.58%

Sector Allocation	%
Technology	51.60
Consumer Goods & Services	14.81
Financial Services	11.47
Healthcare	8.68
Real Estate	4.54
Energy	3.36
Industrial Goods & Services	1.94
Utilities	1.88
Basic Materials	1.72

Dividend Yield (Trailing Yield)

0.71

Top Holdings	%
NVIDIA Corp	7.91
Microsoft Corp	7.01
Alphabet Inc Cl	6.71
Amazon.com Inc	6.41
Broadcom Inc	5.30
Apple Inc	4.46
JPMorgan Chase & Co	4.16
Lam Research Corp	3.91
Mastercard Inc Cl	3.77
IDEXX Laboratories Inc	3.47
Total of Top Holdings of the Fund (% of Net Assets):	53.11
Total Number of Securities Held:	31

Calendar Returns (%)

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

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
3.34	7.35	0.94	14.90	-	-	-	6.18

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.