NBI Canadian Bond Private Portfolio

Investment Objective

To provide a high level of current income and sustained capital growth. The fund invests, directly or through investments in securities of other mutual funds, in a portfolio consisting primarily of Canadian government and Canadian corporate bonds. It is expected that investments in debt securities of foreign companies will not exceed approximately 40% of the fund's assets.

Fund Details

Investment horizon

At least 1 year

Fund volatility

Low

Minimum Initial Investment:

Subsequent Investment:

Systematic Investment:

Distribution Frequency:

Monthly

Assets Under Management ($M):

$6,355.5

Price per Unit:

$10.41

Inception Date:

May 9, 2024

Value of $10,000 since inception:

$11,133

Benchmark Index:

FTSE Can ST (12%)

FTSE Can MT Bond (21%)

FTSE Can. Univ. Bond (67%)

Management Fee:

MER:

0.00%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Fiera Capital Corporation., Alphafixe Capital Inc.

Portfolio Asset Mix (% of Net Assets)

	Canadian Provincial Bonds	35.96%
	Canadian Government Bonds	28.63%
	Cdn Corp Bonds - Invest Grade	17.35%
	Cdn Corp Bonds - Other	12.74%
	Cash and Equivalents	3.77%
	Canadian high yield bonds	0.67%
	Bonds - Other	0.63%
	Other	0.25%

Average Duration (Years)	6.80
Average Maturity (Years)	10.00
Gross Yield to Maturity (%)^†	3.73
Gross Current Yield (%)^‡	3.75

Top Holdings	%
NBI Sustainable Canadian Bond ETF (NSCB)	18.85
Canada Government 3.50% 01-Mar-2034	3.85
Canada Government 2.75% 01-Sep-2030	1.89
Government of Canada 3.50% 01-Dec-2056	1.80
Hydro-Quebec 3.40% 01-Sep-2029	1.45
Canada Government 2.00% 01-Jun-2032	1.43
Ontario Province 4.10% 04-Mar-2033	1.29
Canada Government 1.50% 01-Jun-2031	1.19
Canada Government 4.00% 01-Mar-2029	1.19
Ontario Province 4.05% 02-Feb-2032	1.13
Total of Top Holdings of the Fund (% of Net Assets):	34.07
Total Number of Securities Held:	665

Allocation by Maturity	%
Short Term	33.97
Mid Term	37.38
Long Term	28.65

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
1.74	3.10	-	-	-	-	-

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
1.35	-0.58	0.44	3.33	-	-	-	5.52

^†The rate of return anticipated on a bond if it is held until the maturity date expressed as an annual rate. It is assumed that all coupons are reinvested at the same rate.

^‡Annual income paid by a bond or a stock, expressed as a percentage of its current market price. It does not include any capital gains or losses that may be realized upon maturity.

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.