About NBI Funds and managed solutions
Check out the latest information and notices, consult regulatory documents and learn how to file an investment complaint.
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:
|Last updated||PDF Documents|
|May 12, 2017
|July 4, 2017
|July 19, 2017
|October 2, 2017
|October 10, 2017
|December 21, 2017
Proxy voting policies and records
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 email@example.com. In accordance with regulations, proxy voting records will be made available on August 31 each year.
||Proxy voting records (PDF format)
|Short-Term and Income Funds|
|NBI Dividend Fund
|NBI Unconstrained Fixed Income Fund
|NBI Preferred Equity Income Fund
|National Bank Balanced Diversified Fund
|National Bank Growth Diversified Fund
|NBI Strategic U.S. Income and Growth Fund|
|Canadian Equity Funds|
|NBI SmartBeta Canadian Equity Fund|
|NBI Canadian Equity Fund|
|NBI Canadian All Cap Equity Fund|
|NBI Canadian Equity Growth Fund|
|NBI Small Cap Fund|
|NBI Quebec Growth Fund|
|Global Equity Funds|
|NBI SmartBeta Global Equity Fund|
|NBI Global Equity Fund|
|NBI Global Diversified Equity Fund|
|NBI Global Real Assets Income Fund|
|NBI SmartData U.S. Equity Fund
|NBI U.S. Equity Fund|
|NBI SmartData Global Equity Fund|
|NBI U.S. Dividend Fund|
|NBI Westwood Emerging Markets Fund|
|NBI Resource Fund|
|NBI Precious Metals Fund|
|NBI Science and Technology Fund|
|NBI Canadian Index Fund|
|NBI Private Portfolios|
|NBI Equity Income Private Portfolio|
|NBI Canadian High Conviction Equity Private Portfolio|
|NBI North American Dividend Private Portfolio|
|NBI U.S. Equity Private Portfolio|
|NBI Global Equity Private Portfolio|
|NBI Emerging Markets Equity Private Portfolio|
|NBI Real Assets Private Portfolio|
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.
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.
Financial statements for merged funds can be found on the Annual, interim and quarterly reports page.
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.
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:
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.
Contact the Office of the National Bank Ombudsman
P.O. Box 275
To learn more about complaint settlement at NBI, consult one of the following documents:
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.