NBI Canadian Fixed Income 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. See the prospectus for more details.

Fund Details

Investment horizon

At least 1 year

Fund volatility

Low

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Monthly

Assets Under Management ($M):

$2,080.8

Price per Unit:

$10.05

Inception Date:

June 17, 2024

Value of $10,000 since inception:

$10,782

Benchmark Index:

FTSE Canada Universe Bond Index

Management Fee:

0.37%

MER:

0.48%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

RP Investment Advisors LP, Beutel, Goodman & Company Limited (Beutel)

Available Fund Codes:

F Series

NBC9744

Portfolio Asset Mix (% of Net Assets)

	Canadian Provincial Bonds	29.99%
	Canadian Government Bonds	22.79%
	Cdn Corp Bonds - Other	21.25%
	Cdn Corp Bonds - Invest Grade	17.81%
	Cash and Equivalents	4.02%
	Foreign Corp Bonds - Other	2.11%
	Other	1.19%
	Foreign Government Bonds	0.84%

Average Duration (Years)	7.62
Average Maturity (Years)	10.59
Gross Yield to Maturity (%)^†	3.83
Gross Current Yield (%)^‡	3.91

Top Holdings	%
Government of Canada 2.50% 01-May-2028	2.50
Canada Government 4.00% 01-Jun-2041	1.84
Royal Bank of Canada 3.83% 27-Mar-2029	1.65
Ontario Province 4.70% 02-Jun-2037	1.58
Canada Government 2.75% 01-Dec-2055	1.29
Canada Housing Trust No 1 4.25% 15-Mar-2034	1.28
Ontario Province 3.45% 02-Jun-2045	1.20
British Columbia Province 4.00% 18-Jun-2035	1.19
Alberta Province 2.05% 01-Jun-2030	1.17
Canada Government 3.25% 01-Jun-2035	1.14
Total of Top Holdings of the Fund (% of Net Assets):	14.84
Total Number of Securities Held:	342

Allocation by Maturity	%
Short Term	34.22
Mid Term	30.51
Long Term	35.27

Calendar Returns (%)

YTD	2025	2024	2023	2022	2021	2020
2.16	2.27	-	-	-	-	-

Annualized Returns (%)

1 M	3 M	6 M	1 Y	3 Y	5 Y	10 Y	Incp.
0.49	2.09	2.16	3.29	-	-	-	3.71

^†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.