As at October 31, 2025

NBIE

NBI International Equity Fund - ETF Series

Investment Objective

To provide long-term capital growth. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of common shares of companies located outside of North America selected using a high conviction investment approach. The fund may invest up to 25% of its assets in emerging market securities.

ETF Details

Ticker:

NBIE

Stock Exchange:

TSX

Currency:

CAD

CUSIP:

62879U101

Inception Date:

September 16, 2025

Management Fee:

0.75%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

PineStone Asset Management Inc.

ETF Characteristics

Net Assets (M):

$445.1

Units Outstanding:

42.85

Market Price/Unit:

$10.39

Income Distributions

Distribution Frequency:

Yearly

Distribution Yield (%):

-

Trailing Distribution Yield:

-

Who is this ETF for?

Investors who:

  • are looking to invest for the long term (at least 5 years);
  • are seeking to diversify their investments through exposure to international markets.

Asset Mix (% of Net Assets)

International Equity 93.97%
US Equity 3.19%
Canadian Equity 2.54%
Cash and Equivalents 0.30%
Sector Allocation %
Consumer Goods 27.30
Technology 22.89
Financial Services 11.43
Industrial Goods 9.95
Industrial Services 9.47
Basic Materials 5.04
Consumer Services 4.70
Healthcare 4.55
Real Estate 4.37
Cash and Cash Equivalent 0.30
Dividend Yield (Trailing Yield) 1.74
Last Distribution Per Share -
Top Holdings %
Taiwan Semiconductor Manufactrg Co Ltd - ADR 9.73
ASML Holding NV 6.11
London Stock Exchange Group PLC 5.90
EssilorLuxottica SA 5.27
L'Air Liquide SA 5.04
InterContinental Hotels Group PLC 4.70
LVMH Moet Hennessy Louis Vuitton SE 4.48
Keyence Corp 4.34
Cie Financiere Richemont SA 4.28
Nestle SA Cl N 4.06
Total of Top Holdings of the Fund
(% of Net Assets):		 53.91
Total Number of Securities Held: 32
Geographic Allocation %
United Kingdom 21.47
France 17.75
Switzerland 16.08
Taiwan 9.73
Other 9.25
Netherlands 6.11
Germany 5.44
Japan 4.81
Spain 3.33
United States 3.19
Canada 2.84

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
- - - - - - -

Annual Compound Returns (%)

Regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
- - - - - - - -

As at October 31, 2025

NBIE

NBI International Equity Fund - ETF Series

Disclosure

NBI ETFs are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus or ETF Facts document(s) before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. NBI ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent NBI ETF returns. The indicated rates of return are the historical total returns for the periods including changes in unit value and reinvestment of all distributions and do not take into account redemption, commission charges or income taxes payable by any unitholder that would have reduced returns. Past performance may not be repeated.