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Important information

About NBI Funds and managed solutions

Be a savvy investor

Check out the latest information and notices, consult regulatory documents and learn how to file an investment complaint.

Documents

NBI Funds – Simplified prospectus and Annual Information Form

To fully understand your rights as an investor and make informed decisions about your investments, read the NBI Funds' simplified prospectus. The Prospectus contains important information about mutual funds, as well as information specific to NBI Funds.

The simplified prospectus has two parts:

  1. General information on NBI Funds, fees and expenses, tax implications and other related financial information for all funds included in the prospectus.
  2. A fact sheet for each fund, which includes details of what the fund invests in and the associated risks.

Proxy voting policies and records

Policies

In accordance with the regulations in effect, NBI Funds have proxy voting policies for the securities held in their portfolios. These policies set out guidelines for voting on shareholder resolutions (election of directors, appointment of auditors, executive and director compensation, changes concerning the rights of shareholders, etc.).

Policies of the portfolio managers and portfolio sub-managers (PDF format):

Proxy voting records

Please find below the proxy voting records of each NBI Fund for the period from July 1, 2016 to June 30, 2017, which set out proposals and show how the portfolio managers and portfolio sub-managers of the NBI Funds voted. Copies of these records can be obtained by contacting National Bank Investments Advisory Services at 1‑888‑270‑3941 or 514‑871‑2082 or by writing to investments@bnc.ca. In accordance with regulations, proxy voting records will be made available on August 31 each year.

Fund name
Proxy voting records (PDF format)
Short-Term and Income Funds
NBI Dividend Fund

See record

NBI Unconstrained Fixed Income Fund

See record

NBI Preferred Equity Income Fund

See record

Diversified Funds
National Bank Balanced Diversified Fund

See record

National Bank Growth Diversified Fund

See record

NBI Strategic U.S. Income and Growth Fund

See record

Canadian Equity Funds
NBI SmartBeta Canadian Equity Fund

See record

NBI Canadian Equity Fund

See record

NBI Canadian All Cap Equity Fund

See record

NBI Canadian Equity Growth Fund

See record

NBI Small Cap Fund

See record

NBI Quebec Growth Fund

See record

Global Equity Funds
NBI SmartBeta Global Equity Fund

See record

NBI Global Equity Fund

See record

NBI Global Diversified Equity Fund

See record

NBI Global Real Assets Income Fund

See record

NBI SmartData U.S. Equity Fund

See record

NBI U.S. Equity Fund

See record

NBI SmartData Global Equity Fund

See record

NBI U.S. Dividend Fund

See record

NBI Westwood Emerging Markets Fund

See record

Specialized Funds
NBI Resource Fund

See record

NBI Precious Metals Fund

See record

NBI Science and Technology Fund

See record

Index Funds
NBI Canadian Index Fund

See record

NBI Private Portfolios
NBI Equity Income Private Portfolio

See record

NBI Canadian High Conviction Equity Private Portfolio

See record

NBI North American Dividend Private Portfolio

See record

NBI U.S. Equity Private Portfolio

See record

NBI Global Equity Private Portfolio

See record

NBI Emerging Markets Equity Private Portfolio

See record

NBI Real Assets Private Portfolio

See record

Independent Review Committee's report

In accordance with Canadian securities regulations, National Bank Investments Inc. (NBI) has set up an Independent Review Committee (IRC). The NBI Fund managers submit any conflicts of interest to the IRC for review. The IRC also reviews and provides input on managers' written policies and procedures on such conflicts of interest. The IRC is made up of five members independent from the NBI Fund managers and their related entities. At least once a year, the IRC prepares a report on its activities for unitholders.

Read the March 29, 2018 report for unitholders by The Independent Review Committee.

Declarations of trust

Refer to the following documents for the terms and conditions on NBI investments held in registered plans and Tax-Free Savings Accounts:

Statement of policies respecting conflicts of interest

Securities regulations in Canada require all dealers and advisors to comply with certain rules in relation to conflicts of interest, particularly with respect to the disclosure of information in that regard. The Statement of policies respecting conflicts of interest, in PDF format, describes situations where a conflict of interest might exist and details how NBI responds to such conflicts.

Fund mergers

Information and notices

Exemption with respect to certain private placements

On March 1, 2010, the Canadian Securities Administrators issued an exemptive relief allowing NBI Funds, subject to certain terms and conditions, to purchase equity securities of a reporting issuer during the period of distribution of the securities pursuant to a private placement and for the 60-day period following completion of the distribution, notwithstanding that a related underwriter acted as underwriter in connection with the distribution of securities in the same class. A full copy of the decision is available at www.sedar.com.

Disclosure of unclaimed property

The governments of Quebec, British Columbia and Alberta have adopted regulations requiring holders of unclaimed property to make reasonable efforts to find and contact the rightful owners, if their last known address is in one of these provinces. If all efforts taken by the holders are unsuccessful, they must make the information concerning unclaimed property accessible to the public in order to facilitate the return of the property to its owner.

If these regulations apply to you, i.e., if you are an owner of unclaimed property, you can refer to the online database of unclaimed property for the province in question:

Notice to U.S. Persons residing in Canada who hold Canadian investment funds

Holding Canadian investment funds has specific tax implications for U.S. persons residing in Canada. Consult your tax specialist for advice and information to determine if a Canadian investment fund is right for you.

A commitment you can trust

NBI is committed to the highest standards of ethics and transparency, and makes every effort to provide the top-quality service you deserve. Read the document A commitment you can trust for more information about your relationship with NBI.

Filing a complaint

Complaint settlement process

If you're not satisfied with an NBI product or investment service, you have the right to lodge a complaint and request that your issue be resolved. NBI will make sure that all complaints are dealt with in a fair and efficient manner.

To file a complaint, proceed as follows:

Step 1

Go to the branch where you usually do business or contact the business unit manager by phone, mail or email. If the person you do business with is not available, contact National Bank Investments Advisory Services at 1‑888‑270‑3941.

Step 2

Contact the Office of the National Bank Ombudsman

P.O. Box 275
Montreal, Quebec
H2Y 3G7
Telephone: 1‑888‑300‑9004

To learn more about complaint settlement at NBI, consult one of the following documents:

Little details that matter

Legal disclaimers

The information and data provided in this document, including that provided by third parties, are considered accurate at the time of publication and were obtained from sources considered reliable. We reserve the right to edit them without notice. This information and data are provided for information purposes only. No representations or warranties, implicit or explicit, are made as to the accuracy, quality or completeness of this information and data. The opinions expressed are not to be construed as a solicitation or offer to buy or sell units mentioned herein and should not be considered a recommendation.

NBI Funds (the "Funds"), National Bank Strategic Portfolios and National Bank Managed Portfolios (the "Portfolios") and NBI Private Wealth Management ("NBI PWM") are offered and/or managed by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and other expenses all may be associated with investing in a Fund and using an asset allocation service (such as the Portfolios or NBI PWM). Please read the Prospectus of the Funds or of the funds that make up the Portfolios and the NBI PWM profiles 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.

For NBI PWM, investors must enter into an agreement with National Bank Investments Inc., which retains the services of National Bank Trust Inc. (for all activity in Quebec, Prince Edward Island, Saskatchewan and New Brunswick) or Natcan Trust Company (for all activity in other Canadian provinces and territories), subsidiaries of National Bank of Canada acting as portfolio managers, giving them the authority to select, add or remove NBI Private Portfolios in NBI Private Wealth Management profiles. National Bank Strategic Portfolios and National Bank Managed Portfolios are closed to new purchases. However, National Bank Investments Inc. may maintain certain investors' right to participate, in particular for an existing systematic reinvestment program.

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