NBI SmartData International Equity Fund

Investment Objective

To provide long-term capital growth. This fund invests directly, or through investments in securities of other mutual funds, in a portfolio mainly composed of equities of foreign companies located outside North America and in American Depository Receipts (ADR) traded on recognized stock exchanges.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

Style: Blend, Sector Deviation: Wide, 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:

Annually

Assets Under Management ($M):

$2,581.6

Price per Unit:

$12.68

Inception Date:

October 30, 2015

Value of $10,000 over 10 years:

$19,899

Benchmark Index:

MSCI EAFE

Management Fee:

1.40%

MER:

2.12%

Portfolio Manager:

Goldman Sachs Asset Mngt, L.P.

Available Fund Codes:

Investor Series

NBC848

Portfolio Asset Mix (% of Net Assets)

	European Union	53.25%
	Japan	23.24%
	Other	11.52%
	Asia/Pacific Rim	9.33%
	Canada	2.17%
	Latin America	0.25%
	Africa and Middle East	0.12%
	United States	0.12%

Sector Allocation	%
Financial Services	22.71
Industrial Goods & Services	19.23
Consumer Goods & Services	17.27
Healthcare	11.82
Technology	9.68
Basic Materials	6.24
Energy	4.02
Real Estate	3.62
Telecommunications	3.35
Utilities	2.04
Other	0.02

Dividend Yield (Trailing Yield)

2.90

Top Holdings	%
ASML Holding NV	2.48
Nestle SA Cl N	1.70
Roche Holding AG - Partcptn	1.64
Novartis AG Cl N	1.62
Siemens AG Cl N	1.52
Allianz SE	1.51
AstraZeneca PLC - ADR	1.44
Abb Ltd Cl N	1.32
L'Air Liquide SA	1.23
HSBC Holdings PLC	1.16
Total of Top Holdings of the Fund (% of Net Assets):	15.62
Total Number of Securities Held:	430

Calendar Returns (%)

YTD	2024	2023	2022	2021	2020	2019
26.78	13.03	15.07	-8.20	9.45	2.69	12.19

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
1.83	10.63	16.31	26.78	22.03	13.61	7.12	7.12

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.