Press Releases

National Bank Investments announces the renewal of its prospectus and changes to select NBI Funds

Montreal, 6 May 2020 -

National Bank Investments Inc. (NBI) announced today changes in the management fees and risk ratings of select NBI Funds. NBI will also be updating the names of select Meritage Portfolios and changing the NBI Unconstrained Fixed Income Fund investment strategy with the filing of its most recent prospectus renewal.

These changes are in keeping with NBI’s client-centric approach and commitment to providing investors with access to innovative investment solutions at competitive pricing.

Management fee change

The management fee for the following NBI Fund has been reduced as follows (effective May 6, 2020):

Fund

Current management fee

New management fee

NBI High Yield Bond Fund (F and F5 Series)

0.93%

0.80%

Risk rating changes

NBI also announced a change in the risk rating of certain NBI Funds (effective May 6, 2020):

Fund

Current risk level

New risk level

NBI Dividend Fund

Low

Low to medium

NBI Canadian Equity Fund

Low to medium

Medium

NBI Canadian All Cap Equity Fund

Low to medium

Medium

NBI Global Real Assets Income Fund

Low to medium

Medium

NBI U.S. Equity Fund

Low to medium

Medium

NBI U.S. Bond Private Portfolio

Low

Low to medium

NBI Canadian Preferred Equity Private Portfolio

Low to medium

Medium

Select Meritage Portfolios name updates

NBI will be updating the name of select Meritage portfolios (effective on or about May 14, 2020):

Current portfolio name

New product name

Meritage Dynamic Growth Portfolio

Meritage Growth Plus Portfolio

Meritage Dynamic Growth Class Portfolio

Meritage Growth Plus Class Portfolio

Meritage Dynamic Growth Income Portfolio

Meritage Growth Plus Income Portfolio

Meritage Global Dynamic Growth Portfolio

Meritage Global Growth Plus Portfolio

Meritage Global Dynamic Growth Class Portfolio

Meritage Global Growth Plus Class Portfolio

NBI Unconstrained Fixed Income Fund investment strategy change

The investment objective of the NBI Unconstrained Fixed Income Fund remains unchanged. However, its investment strategy will be modified to allow it to invest 100% in underlying funds (effective on or about May 14, 2020). This change is in line with the governance process of NBI’s open architecture structure.

The changes will be reflected in the NBI Funds simplified prospectus, which will be available on the SEDAR website (www.sedar.com) as well as on the National Bank Investments website (www.nbinvestments.ca).

About National Bank Investments Inc.
National Bank Investments (“NBI”) is an investment fund management firm committed to manufacturing and distributing mutual funds, investment solutions and services designed to help Canadian investors pursue their financial goals. As at March 31, 2020, the value of assets under management in NBI products amounted to $55 billion.

Guided by a 100% open architecture structure, 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.

About NBI Funds and Meritage Portfolios
The NBI Funds are offered by, and the Meritage Portfolios® (together, the “Funds”) are managed by, National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. 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.

® MERITAGE PORTFOLIOS and the Meritage Portfolios logo are trade-marks of National Bank of Canada, used under license by National Bank Investments Inc.

About National Bank of Canada
With $289 billion in assets as at January 31, 2020, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 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 nbc.ca or via social media such as FacebookLinkedIn and Twitter.

Information:
Stéphanie Rousseau
Senior Advisor – Public Affairs 
National Bank of Canada
stephanie.rousseau@nbc.ca 
Tel.: 514-394-5684