As at October 31, 2025

NBI Global Equity Fund

F Series

Category: Global Equity

Investment Objective

To achieve long-term capital growth. It builds a diversified portfolio of common and preferred shares listed on recognized stock exchanges.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

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

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Annually

Assets Under Management ($M):

$1,524.4

Price per Unit:

$45.60

Inception Date:

December 24, 2013

Value of $10,000 over 10 years:

$34,293

Benchmark Index:

MSCI World

Management Fee:

0.75%

MER:

1.10%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

PineStone Asset Management Inc.

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 NBC467
Deferred Sales Charge NBC567
Low Sales Charge NBC667
Advisor_2 Series
Initial Sales Charge NBC6467
Deferred Sales Charge NBC6567
Low Sales Charge NBC6667
F Series NBC767
F_2 Series NBC6767
F5 Series NBC5767
FH Series NBC5867
H Series
Initial Sales Charge NBC5967
O Series NBC367
T5 Series
Initial Sales Charge NBC5467
Deferred Sales Charge NBC5567
Low Sales Charge NBC5667

Portfolio Asset Mix (% of Net Assets)

United States 65.95%
European Union 12.75%
Asia/Pacific Rim 9.39%
Other European 7.52%
Japan 2.93%
Other Asian 1.46%
Sector Allocation %
Technology 34.65
Consumer Goods & Services 25.84
Financial Services 19.09
Industrial Goods & Services 12.00
Healthcare 3.65
Basic Materials 2.99
Real Estate 1.78
Dividend Yield (Trailing Yield) 1.22
Top Holdings %
Alphabet Inc Cl 9.41
Taiwan Semiconductor Manufactrg Co Ltd - ADR 9.39
Microsoft Corp 7.74
Moody's Corp 6.08
Autozone Inc 5.14
Mastercard Inc Cl 4.88
Oracle Corp 4.30
ASML Holding NV 3.82
CME Group Inc Cl 3.52
LVMH Moet Hennessy Louis Vuitton SE 3.19
Total of Top Holdings of the Fund
(% of Net Assets):
57.47
Total Number of Securities Held: 29

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
11.44 21.32 16.43 -12.52 24.76 17.20 26.50

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
2.64 10.34 19.19 15.54 17.91 13.71 13.12 13.70
Fundgrade A+

The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.

As at October 31, 2025

NBI Global Equity Fund

F Series

Category: Global Equity

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.