National Bank Investments announces the renewal of their prospectus and changes to select NBI Funds
May 7, 2019
National Bank Investments Inc. (NBI) announced today changes in management fees and risk ratings of select NBI Funds 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.
Lower management fees
The management fees for the following series of NBI Funds will be reduced as follows (effective May 7):
| Fund | Current management fee | New management fee |
| NBI Global Equity Fund (F and F5 Series) | 0.95% | 0.75% |
| NBI Canadian All Cap Equity Fund (F and F5 Series) | 1.00% | 0.85% |
| NBI SmartBeta Canadian Equity Fund (F Series) | 0.75% | 0.65% |
| Meritage Conservative Portfolio (Advisor and T5 Series) | 1.75% | 1.65% |
| Meritage Conservative Portfolio (F and F5 Series) | 0.90% | 0.80% |
| Meritage Moderate Portfolio (Advisor and T5 Series) | 1.75% | 1.65% |
| Meritage Moderate Portfolio (F and F5 Series) | 0.90% | 0.80% |
| Meritage Balanced Portfolio (Advisor and T5 Series) | 2.00% |
1.90% |
| Meritage Balanced Portfolio (F and F5 Series) | 1.00% | 0.90% |
| Meritage Growth Portfolio (Advisor and T5 Series) | 2.00% | 1.90% |
| Meritage Growth Portfolio (F and F5 Series) | 1.00% |
0.90% |
| Meritage Growth Class Portfolio (Advisor and T Series) | 2.00% | 1.90% |
| Meritage Growth Class Portfolio (F and F5 Series) | 1.00% | 0.90% |
| Meritage Dynamic Growth Portfolio (Advisor and T5 Series) | 2.00% | 1.90% |
| Meritage Dynamic Growth Portfolio (F and F5 Series) | 1.00% | 0.90% |
| Meritage Dynamic Growth Class Portfolio (Advisor and T Series) | 2.00% | 1.90% |
| Meritage Dynamic Growth Class Portfolio (F and F5 Series) | 1.00% | 0.90% |
| Meritage Conservative Income Portfolio (Advisor Series) | 1.75% |
1.70% |
| Meritage Conservative Income Portfolio (F Series) | 0.90% |
0.85% |
| Meritage Moderate Income Portfolio (Advisor Series) | 1.75% | 1.70% |
| Meritage Moderate Income Portfolio (F Series) | 0.90% |
0.85% |
| Meritage Balanced Income Portfolio (Advisor Series) | 2.00% | 1.95% |
| Meritage Balanced Income Portfolio (F Series) | 1.00% | 0.95% |
| Meritage Growth Income Portfolio (Advisor Series) | 2.00% | 1.95% |
| Meritage Growth Income Portfolio (F Series) | 1.00% | 0.95% |
| Meritage Dynamic Growth Income Portfolio (Advisor Series) | 2.00% | 1.95% |
| Meritage Dynamic Growth Income Portfolio (F Series) | 1.00% | 0.95% |
| Meritage Global Equity Portfolio (Advisor and T5 Series) | 2.00% | 1.90% |
| Meritage Global Equity Portfolio (F and F5 Series) | 1.00% | 0.90% |
| Meritage Global Equity Class Portfolio (Advisor and T Series) | 2.00% | 1.90% |
| Meritage Global Equity Class Portfolio (F and F5 Series) | 1.00% | 0.90% |
Risk rating changes
NBI also announces a change in the risk rating of certain NBI Funds (effective May 7):
| Fund | Current risk level | New risk level |
| NBI Dividend Fund | Low to medium |
Low |
| NBI Moderate Portfolio | Low to medium |
Low |
| NBI Growth Portfolio | Medium |
Low to medium |
| NBI Equity Portfolio | Medium to high |
Low to medium |
| NBI Jarislowsky Fraser Select Canadian Equity Fund | Medium |
Low to medium |
| NBI SmartBeta Canadian Equity Fund | Medium |
Low to medium |
| NBI Canadian Equity Fund | Medium |
Low to medium |
| NBI Canadian All Cap Equity Fund | Medium |
Low to medium |
| NBI Small Cap Fund | Medium to high |
Medium |
| NBI U.S. Equity Fund | Medium |
Low to medium |
| NBI Global Equity Fund | Medium |
Low to medium |
| NBI SmartBeta Global Equity Fund | Medium |
Low to medium |
| NBI Global Real Assets Income Fund | Medium |
Low to medium |
| NBI Westwood Emerging Markets Fund | Medium to high |
Medium |
| NBI Diversified Emerging Markets Equity Fund | Medium to high |
Medium |
| NBI Science and Technology Fund | Medium to high |
Medium |
| NBI Non-Traditional Fixed Income Private Portfolio | Low to medium |
Low |
| NBI North American Dividend Private Portfolio | Medium |
Low to medium |
| NBI Non-Traditional Capital Appreciation Private Portfolio | Medium |
Low to medium |
| NBI Real Assets Private Portfolio | Medium |
Low to medium |
| Meritage Balanced Income Portfolio | Low to medium |
Low |
| Meritage Global Equity Portfolio | Medium |
Low to medium |
| Meritage Global Equity Class Portfolio | Medium |
Low to medium |
| Meritage Tactical ETF Moderate Portfolio | Low to medium |
Low |
| Meritage Tactical ETF Equity Portfolio | Medium |
Low to medium |
Addition of subscription options
Effective on or around May 14, 2019, new subscription options in U.S. dollars will be available on the Advisor Series (on the initial sales charge option only) and the O Series of the NBI U.S. Equity Fund, the O Series of the NBI SmartData U.S. Equity Fund and the O Series of the NBI SmartData International Equity Fund.
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 website (nbc.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, 2019, the value of assets under management in NBI products amounted at over $55 billion. Follow NBI’s activities at nbinvestments.ca or via social media such as YouTube and LinkedIn.
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.
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 $263 billion in assets as at January 31, 2019, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 23,000 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 Facebook, LinkedIn and Twitter.
Information:
Stéphanie Rousseau
Senior Advisor – Public Affairs and
Corporate Social Responsibility
National Bank of Canada
stephanie.rousseau@nbc.ca
Tel.: 514-394-5684