NBI Equity Income Private Portfolio

Investment Objective

To maximize the potential for long-term capital growth and to generate high dividend income. This fund invests directly, or through investments in securities of other mutual funds, in a portfolio primarily composed of equity securities of Canadian companies that pay dividends. It is expected that investments in foreign securities will not exceed approximately 30% of the fund’s assets.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

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

Style	Sector Deviation	Market Capitalization
Value	Minimal	Small
Blend	Moderate	Mid
Growth	Wide	Large

Minimum Initial Investment:

Subsequent Investment:

Systematic Investment:

Distribution Frequency:

Monthly

Assets Under Management ($M):

$210.9

Price per Unit:

$14.84

Inception Date:

March 1, 2021

Value of $10,000 since inception:

$17,350

Benchmark Index:

S&P/TSX Composite

Management Fee:

MER:

0.02%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Montrusco Bolton Investments Inc.

Portfolio Asset Mix (% of Net Assets)

	Canadian Equity	90.71%
	US Equity	5.37%
	Income Trust Units	2.66%
	Cash and Equivalents	1.26%

Sector Allocation	%
Financial Services	32.99
Basic Materials	15.56
Energy	15.40
Technology	9.36
Industrial Goods & Services	8.65
Real Estate	5.74
Telecommunications	5.00
Consumer Goods & Services	4.51
Utilities	2.79

Dividend Yield (Trailing Yield)

2.49

Top Holdings	%
Royal Bank of Canada	8.42
Toronto-Dominion Bank	6.57
Agnico Eagle Mines Ltd	5.38
Bank of Montreal	4.68
Microsoft Corp	4.18
Suncor Energy Inc	4.18
Constellation Software Inc	3.99
Wheaton Precious Metals Corp	3.90
Brookfield Asset Management Ltd Cl	3.78
WSP Global Inc	3.74
Total of Top Holdings of the Fund (% of Net Assets):	48.82
Total Number of Securities Held:	36

Calendar Returns (%)

YTD	2024	2023	2022	2021	2020	2019
15.42	18.19	9.89	-7.64	-	-	-

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
-2.27	4.50	12.42	15.95	14.76	-	-	12.53

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.