National Bank Investments Announces Changes to Certain NBI ETFs

Montreal, April 25, 2023

National Bank Investments Inc. (“NBI”), acting as investment fund manager for the NBI exchange-traded funds (“NBI ETFs”), announced today that a revision of the distribution frequency for the following NBI ETFs will take effect on May 1, 2023: 

Name of the ETF

Current Distribution Frequency

New Distribution Frequency

NBI Global Real Assets Income ETF (NREA)



NBI Liquid Alternatives ETF (NALT)




NBI also announced that it will lower the management fee for the NBI Global Real Assets Income ETF effective on or about May 1, 2023. The annual rate will be lowered as follows:


Name of the ETF

Current Management Fee

New Management Fee

NBI Global Real Assets Income ETF (NREA)




The NBI ETFs prospectus and ETF Facts reflecting these changes will be available on the SEDAR website as well as on the National Bank Investments website.

About NBI ETFs
NBI ETFs are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Management fees, brokerage fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus or ETF Facts document 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.

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 March 31, 2023, assets under management in NBI products were valued at over $78.4 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 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 $418 billion in assets as at January 31, 2023, National Bank of Canada, together with its subsidiaries, forms one of Canada’s leading integrated financial groups. The Bank has approximately 30,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at or via social media such as Facebook, LinkedIn and  Twitter .


Stéphanie Rousseau

Senior Advisor, Public Affairs and Corporate Social Responsibility
National Bank of Canada