As at September 30, 2025

NUSA.F

NBI Active U.S. Equity ETF (CAD Hedged)

Investment Objective

To provide long-term capital growth. It invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of commun shares of U.S. companies.

ETF Details

Ticker:

NUSA.F

Stock Exchange:

TSX

Currency:

CAD

CUSIP:

62879G201

Inception Date:

September 16, 2025

Management Fee:

0.55%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Montrusco Bolton Investment Inc.

ETF Characteristics

Net Assets (M):

$85.8

Units Outstanding:

8.39

Market Price/Unit:

$10.23

Income Distributions

Distribution Frequency:

Quarterly

Distribution Yield (%):

-

Trailing Distribution Yield:

-

Who is this ETF for?

Investors who:

  • are looking to invest for a long term;
  • are looking to diversify their investments through exposure to international markets.
  • are looking for active management that differs from stock market indices;
  • are seeking to minimize their exposure to foreign currency fluctuations against the Canadian dollar.

Asset Mix (% of Net Assets)

US Equity 94.38%
Canadian Equity 3.75%
Cash and Equivalents 1.87%
Sector Allocation %
Technology 46.33
Financial Services 13.83
Consumer Services 12.70
Healthcare 9.13
Industrial Services 5.01
Real Estate 3.12
Consumer Goods 3.07
Energy 3.07
Basic Materials 1.87
Cash and Cash Equivalent 1.87
Dividend Yield (Trailing Yield) 0.71
Last Distribution Per Share -
Top Holdings %
NVIDIA Corp 9.67
Microsoft Corp 9.55
Amazon.com Inc 6.05
Alphabet Inc Cl 5.97
Apple Inc 5.68
BlackRock Inc 4.95
Meta Platforms Inc Cl 4.45
JPMorgan Chase & Co 4.20
Waste Connections Inc 3.75
Danaher Corp 3.50
Total of Top Holdings of the Fund
(% of Net Assets):
57.77
Total Number of Securities Held: 31
Geographic Allocation %
United States 94.38
Canada 5.62

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

NUSA.F

NBI Active U.S. Equity ETF (CAD Hedged)

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.