1 The annual management and administration fees are based
on the average daily net asset value of the NBI Fund. These
management and administration fees, plus applicable taxes, will
accrue daily and be paid monthly.
The NBI SmartData U.S. Equity Covered Call Fund’s
investment objective is to generate income and to provide moderate
long-term capital growth. The fund invests directly, or through
investments in securities of other mutual funds, in a portfolio mainly
composed of equity securities of U.S. companies while seeking to
mitigate some downside risk through the use of covered call options.
The NBI SmartData International Equity Covered Call
Fund’s investment objective is to generate income and to provide
moderate long-term capital growth. The fund invests directly, or
through investments in securities of other mutual funds, in a
portfolio mainly composed of equity securities of international
companies while seeking to mitigate some downside risk through the use
of covered call options.
The NBI SmartData Enhanced Yield U.S. Equity Fund’s
investment objective is to provide long-term capital growth and to
generate income. The fund invests directly, or through investments in
securities of other mutual funds, in a portfolio mainly composed of
equities of U.S. companies. The fund may use leverage through one or
more sources, including the use of derivatives, cash borrowing and
short selling, subject to the limits permitted under applicable
securities legislation. The fund’s aggregate gross exposure to sources
of leverage will not exceed 150% of the fund’s net asset value.
The NBI Target 2032 Investment Grade Bond Fund’s investment
objective is to provide current income and preserve capital. 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 2032. As bonds reach maturity, it is expected that the
portfolio will transition primarily to cash and cash equivalents by
its target date, which is on or about November 30, 2032.
New ETF series of the NBI Ultra Short-Term Fixed Income Fund
