MONTREAL, Feb. 3, 2025
/CNW/ - National Bank Investments Inc. (‟NBI") announces the launch
of three new funds: the NBI Target 2030 Investment Grade Bond
Fund, the NBI Target 2031 Investment Grade Bond Fund, and the
NBI Active U.S. Equity Fund (the "NBI Funds").
The NBI Funds' series are already available for purchase.
"We are committed to offering products that meet both the
diversified needs of investors and today's market challenges. The
launch of these new funds expands the range of one of our most
popular fixed-income solutions and broadens the distribution
channel for one of our most attractive equity strategies," said
Martin Felton, Vice-President,
National Sales at NBI.
National Bank Trust Inc. (‟NBT") acts as portfolio manager for
the NBI Funds and delegates investment decisions to portfolio
sub-advisors. NBT has retained the services of AlphaFixe Capital
Inc. as portfolio sub-advisor of the NBI Target 2030
Investment Grade Bond Fund and the NBI Target 2031 Investment
Grade Bond Fund, and of Montrusco Bolton Investments Inc. for the
NBI Active U.S. Equity Fund.
Here are the fund codes and management fees for these new NBI
Funds:
|
NBI
Fund
|
Fund
Code
|
Management
Fee1
|
|
NBI Target 2030
Investment Grade Bond Fund — Advisor Series
|
NBC9630
|
0.65 %
|
|
NBI Target 2030
Investment Grade Bond Fund — F Series
|
NBC9230
|
0.15 %
|
|
NBI Target 2030
Investment Grade Bond Fund — O Series
|
NBC9330
|
0.00%2
|
|
NBI Target 2031
Investment Grade Bond Fund — Advisor Series
|
NBC9631
|
0.65 %
|
|
NBI Target 2031
Investment Grade Bond Fund — F Series
|
NBC9231
|
0.15 %
|
|
NBI Target 2031
Investment Grade Bond Fund — O Series
|
NBC9331
|
0.00%2
|
|
NBI Active U.S. Equity
Fund — Advisor Series
|
NBC5441
|
1.55 %
|
|
NBI Active U.S. Equity
Fund — F Series
|
NBC5741
|
0.55 %
|
|
1The annual
management fees correspond to a percentage of the average daily net
asset value of the NBI Fund. Management fees, plus applicable
taxes, accrue daily and are paid monthly.
|
|
|
2In the case
of O Series units, no management fees are deducted directly from
the NBI Funds. Instead, related fees are negotiated with and paid
directly by investors.
|
The NBI Target 2030 Investment Grade Bond
Fund's investment objective is to provide current income
and preserve capital over a predetermined time period. The Fund
invests, directly or indirectly through investments in securities
of other mutual funds, in a portfolio comprised primarily of
investment-grade bonds of North American companies with an
effective maturity in 2030. It is anticipated that the Fund will
terminate on or around November 30,
2030, or at an earlier date upon not less than 60 days'
notice to unitholders.
The NBI Target 2031 Investment Grade Bond
Fund's investment objective is to provide current income
and preserve capital over a predetermined time period. The Fund
invests, directly or indirectly through investments in securities
of other mutual funds, in a portfolio comprised primarily of
investment-grade bonds of North American companies with an
effective maturity in 2031. It is anticipated that the Fund will
terminate on or around November 30,
2031, or at an earlier date upon not less than 60 days'
notice to unitholders.
The NBI Active U.S. Equity Fund's investment objective is
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 U.S.
companies.
About NBI Funds
NBI 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 mutual fund investments. Please read the
prospectus of the Funds before investing. The Funds' securities are
not insured by the Canada Deposit Insurance Corporation or by any
other government deposit insurer. The Funds are not guaranteed,
their values change frequently, and past performance may not be
repeated.
About National Bank Investments
Inc.
National Bank Investments Inc. (NBI)
is an investment funds management firm committed to manufacturing
and offering mutual funds, investment solutions and services
designed to help Canadian investors pursue their financial goals.
As at December 31, 2024, assets under
management in NBI products were valued at over $96.58 billion.
Guided by an open architecture strategy, NBI is dedicated to
providing diverse solutions to meet the evolving needs of its
clients. NBI consistently strives to be recognized as a key partner
by combining innovation and excellence. NBI's role is not limited
to administrative aspects of management; NBI Advisory Services and
its registered representatives form a team of specialists who
provide information and advice to help advisors build portfolios
adapted to their clients' financial needs. Follow NBI's activities
at nbinvestments.ca or via social media
such
as YouTube and LinkedIn.
National Bank Investments is a signatory of the United
Nations-supported Principles for Responsible Investment, a member
of Canada's Responsible Investment
Association, and a founding participant in the Climate Engagement
Canada initiative.
About National Bank of Canada
With $462 billion in assets as at October 31, 2024, National Bank of
Canada is one of
Canada's six systemically
important banks. The Bank has approximately 30,000 employees in
knowledge-intensive positions and operates through three business
segments in Canada: Personal and
Commercial Banking, Wealth Management and Financial Markets. A
fourth segment, U.S. Specialty Finance and International,
complements the growth of its domestic operations. Its securities
are listed on the Toronto Stock Exchange (TSX: NA). Follow the
Bank's activities at nbc.ca or via social
media.
SOURCE National Bank of Canada