As at September 30, 2025

NBSC

NBI Global Small Cap Fund - ETF Series

Investment Objective

To provide long-term capital appreciation by investing, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of equity securities of small and medium capitalization companies located around the world. It is expected that investments in emerging market securities will not exceed approximately 20% of the fund’s net assets.

ETF Details

Ticker:

NBSC

Stock Exchange:

TSX

Currency:

CAD

CUSIP:

638955203

Inception Date:

September 16, 2025

Management Fee:

0.90%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

PineStone Asset Management Inc.

ETF Characteristics

Net Assets (M):

$777.5

Units Outstanding:

79.67

Market Price/Unit:

$9.76

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 five years)
  • can tolerate a medium level of risk
  • are seeking to diversify their investments with exposure to global markets.

Asset Mix (% of Net Assets)

International Equity 66.12%
US Equity 31.23%
Canadian Equity 2.27%
Cash and Equivalents 0.38%
Sector Allocation %
Industrial Goods 28.57
Technology 18.21
Consumer Services 11.79
Industrial Services 10.43
Real Estate 8.87
Consumer Goods 8.08
Financial Services 6.68
Healthcare 4.95
Basic Materials 2.04
Cash and Cash Equivalent 0.38
Dividend Yield (Trailing Yield) 1.54
Last Distribution Per Share -
Top Holdings %
Belimo Holding AG Cl N 4.20
TechnologyOne Ltd 4.12
Diploma PLC 3.95
Federal Signal Corp 3.95
Nordnet AB (publ) 3.94
Rotork PLC 3.91
Intertek Group PLC 3.69
Rational AG 3.28
Howden Joinery Group PLC 3.20
Auto Trader Group PLC 3.00
Total of Top Holdings of the Fund
(% of Net Assets):		 37.24
Total Number of Securities Held: 46
Geographic Allocation %
United States 31.23
United Kingdom 24.58
Sweden 9.75
Switzerland 7.12
Other 4.60
Italy 4.47
Australia 4.26
France 4.09
Japan 3.89
Germany 3.28
Finland 2.73

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 September 30, 2025

NBSC

NBI Global Small Cap 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.