The new funds include fixed-income and equity options, each with specific investment objectives and terms
National Bank Investments Inc. (NBI) has introduced three new funds.
The NBI Target 2030 Investment Grade Bond Fund, the NBI Target 2031 Investment Grade Bond Fund, and the NBI Active US Equity Fund. These funds are now available for purchase.
National Bank Trust Inc. (NBT) manages the NBI Funds and has appointed portfolio sub-advisors.
AlphaFixe Capital Inc. oversees the NBI Target 2030 and 2031 Investment Grade Bond Funds, while Montrusco Bolton Investments Inc. manages the NBI Active US Equity Fund.
|
NBI Fund |
Fund Code |
Management Fee |
|---|---|---|
|
NBI Target 2030 Investment Grade Bond Fund — Advisor Series |
NBC9630 |
0.65 percent |
|
NBI Target 2030 Investment Grade Bond Fund — F Series |
NBC9230 |
0.15 percent |
|
NBI Target 2030 Investment Grade Bond Fund — O Series |
NBC9330 |
0.00 percent² |
|
NBI Target 2031 Investment Grade Bond Fund — Advisor Series |
NBC9631 |
0.65 percent |
|
NBI Target 2031 Investment Grade Bond Fund — F Series |
NBC9231 |
0.15 percent |
|
NBI Target 2031 Investment Grade Bond Fund — O Series |
NBC9331 |
0.00 percent² |
|
NBI Active US Equity Fund — Advisor Series |
NBC5441 |
1.55 percent |
|
NBI Active US Equity Fund — F Series |
NBC5741 |
0.55 percent |
Source: National Bank Investments Inc.
¹ Annual management fees are based on a percentage of the NBI Fund’s average daily net asset value. These fees, along with applicable taxes, accrue daily and are paid monthly.
² For O Series units, no management fees are deducted directly from the funds. Instead, fees are negotiated and paid directly by investors.
The NBI Target 2030 Investment Grade Bond Fund promises to provide current income and preserve capital over a defined period. It invests in investment-grade bonds issued by North American companies, with an effective maturity in 2030.
The fund is scheduled to terminate on or around November 30, 2030, or earlier with at least 60 days’ notice to unitholders.
The NBI Target 2031 Investment Grade Bond Fund follows the same structure but holds bonds maturing in 2031. It is expected to terminate on or around November 30, 2031, or earlier with a minimum of 60 days’ notice to unitholders.
The NBI Active US Equity Fund focuses on long-term capital growth by investing in common shares of US companies, either directly or through other mutual funds.
These funds introduce additional options in NBI’s bond and equity investment lineup.
Martin Felton, vice-president of National Sales at NBI, stated that the new funds expand the firm’s fixed-income and equity offerings.
Felton said the launch broadens the distribution channel for one of the firm’s equity strategies and expands a fixed-income solution. He added that the company aims to offer products that align with investor needs and market conditions.
