NBI Canadian Equity Private Portfolio

Investment Objective

To provide long-term capital growth while applying policies focused on the preservation of invested capital. The fund invests, directly or through investments in securities of other mutual funds, in a portfolio consisting primarily of common shares of Canadian companies. It is expected that investments in foreign securities will not exceed approximately 10 % of the fund's assets.

Fund Details

Investment horizon

At least 5 year

Fund volatility

Medium

Style: Growth, Sector Deviation: Wide, 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:

Annually

Assets Under Management ($M):

$2,445.7

Price per Unit:

$14.64

Inception Date:

May 12, 2023

Value of $10,000 since inception:

$16,121

Benchmark Index:

S&P/TSX Composite

Management Fee:

MER:

0.02%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Manulife Investment Management Ltd.

Portfolio Asset Mix (% of Net Assets)

	Canadian Equity	99.40%
	Cash and Equivalents	0.60%

Sector Allocation	%
Financial Services	32.47
Basic Materials	15.72
Industrial Goods & Services	12.71
Energy	12.36
Technology	9.76
Consumer Goods & Services	8.91
Real Estate	4.97
Telecommunications	3.10

Dividend Yield (Trailing Yield)

2.11

Top Holdings	%
Royal Bank of Canada	7.41
Toronto-Dominion Bank	6.73
Canadian Imperial Bank of Commerce	4.34
Canadian Natural Resources Ltd	4.02
Shopify Inc Cl	3.86
Sun Life Financial Inc	3.74
Canadian Pacific Kansas City Ltd	3.62
Constellation Software Inc	3.62
Agnico Eagle Mines Ltd	3.31
TMX Group Ltd	3.19
Total of Top Holdings of the Fund (% of Net Assets):	43.84
Total Number of Securities Held:	50

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
25.28	25.28	18.47	-	-	-	-

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
0.99	4.59	11.06	25.28	-	-	-	20.39

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.