NBI Canadian All Cap Equity Fund

Investment Objective

To ensure long-term capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio comprised mainly of equity securities of Canadian companies. It is expected that investments in foreign securities will not exceed approximately 10% of the fund’s net assets.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

Style: Blend, Sector Deviation: Moderate, Market cap: Mid

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):

$1,153.4

Price per Unit:

$32.05

Inception Date:

October 15, 2001

Value of $10,000 over 10 years:

$24,772

Benchmark Index:

S&P/TSX Composite

Management Fee:

1.85%

MER:

2.30%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Manulife Investment Management Ltd. Inc.

Available Fund Codes:

Investor Series

NBC885

Portfolio Asset Mix (% of Net Assets)

	Canadian Equity	99.67%
	Cash and Equivalents	0.33%

Sector Allocation	%
Financial Services	30.99
Basic Materials	18.49
Energy	13.26
Industrial Goods & Services	13.22
Consumer Goods & Services	9.32
Technology	7.25
Real Estate	4.53
Telecommunications	2.94

Dividend Yield (Trailing Yield)

2.14

Top Holdings	%
Royal Bank of Canada	7.40
Toronto-Dominion Bank	6.87
Canadian Imperial Bank of Commerce	4.36
Canadian Natural Resources Ltd	4.24
Agnico Eagle Mines Ltd	4.09
Canadian Pacific Kansas City Ltd	3.87
Sun Life Financial Inc	3.84
TMX Group Ltd	3.51
Barrick Mining Corp	3.42
Shopify Inc Cl	3.20
Total of Top Holdings of the Fund (% of Net Assets):	44.80
Total Number of Securities Held:	48

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
-0.37	22.72	15.84	9.64	-5.23	29.69	-3.37

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
-0.37	3.54	9.68	18.29	13.42	13.62	9.50	8.84

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.