MONTREAL, June 25,
2024 /CNW/ - National Bank Investments Inc. (‟NBI")
announces the launch of five new funds (the "NBI Funds"): the NBI
Target 2025 Investment Grade Bond Fund, the NBI
Target 2026 Investment Grade Bond Fund, the NBI
Target 2027 Investment Grade Bond Fund, the NBI
Target 2028 Investment Grade Bond Fund, and the NBI
Target 2029 Investment Grade Bond Fund.
All the NBI Funds' Series are already available for
purchase.
"With these new funds, we aim to meet the increasing demand for
simple and professionally managed fixed income solutions that can
offer a competitive alternative to GICs and other money market
instruments. This initiative not only addresses the continuous
search for attractive yields but also reinforces our commitment to
providing innovative financial products that enhance the financial
well-being of investors," said Martin
Felton, Vice-President, National Sales at NBI.
National Bank Trust Inc. (‟NBT") acts as portfolio manager for
the NBI Funds and delegates investment decisions to AlphaFixe
Capital Inc. as sub-advisor. NBT ensures that the portfolios are
managed in accordance with the given mandates.
Here are the fund codes and management fees for these new NBI
Funds:
NBI
Fund
|
Fund
Code
|
Management
Fee1
|
NBI Target 2025
Investment Grade Bond Fund — F
Series
|
NBC9225
|
0.15 %
|
NBI Target 2025
Investment Grade Bond Fund —
Advisor Series
|
NBC9625
|
0.65 %
|
NBI Target 2026
Investment Grade Bond Fund — F
Series
|
NBC9226
|
0.15 %
|
NBI Target 2026
Investment Grade Bond Fund —
Advisor Series
|
NBC9626
|
0.65 %
|
NBI Target 2027
Investment Grade Bond Fund — F
Series
|
NBC9227
|
0.15 %
|
NBI Target 2027
Investment Grade Bond Fund —
Advisor Series
|
NBC9627
|
0.65 %
|
NBI Target 2028
Investment Grade Bond Fund — F
Series
|
NBC9228
|
0.15 %
|
NBI Target 2028
Investment Grade Bond Fund —
Advisor Series
|
NBC9628
|
0.65 %
|
NBI Target 2029
Investment Grade Bond Fund — F
Series
|
NBC9229
|
0.15 %
|
NBI Target 2029
Investment Grade Bond Fund —
Advisor Series
|
NBC9629
|
0.65 %
|
1The
annual management fees are based on the average daily net asset
value of the applicable NBI Fund. Management fees, plus applicable
taxes, will be accrued daily and paid monthly.
|
Each of the NBI Funds' investment objective is to provide
current income and preserve capital over a predetermined period.
Each fund invests, directly or indirectly through investments in
securities of other mutual funds, in portfolios comprised primarily
of investment-grade bonds of North American companies with an
effective maturity date. As target maturity funds, the NBI Funds
have a predetermined, specified lifespan. Therefore, it is
anticipated that the bonds held in these NBI Funds will mature the
same year as they are expected to terminate.
About NBI Funds
NBI Funds (the "Funds") are
offered 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.
About National Bank Investments
Inc.
National Bank Investments Inc. (NBI)
is an investment funds management firm committed to manufacturing
and offering mutual funds, investment solutions and services
designed to help Canadian investors pursue their financial goals.
As at March 31, 2024, assets under
management in NBI products were valued at over $86.45 billion.
Guided by an open architecture strategy, 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.
National Bank Investments is a signatory of the United
Nations-supported Principles for Responsible Investment, a member
of Canada's Responsible Investment
Association, and a founding participant in the Climate Engagement
Canada initiative.
About National Bank of Canada
With $442 billion in assets as at April 30, 2024, National Bank of
Canada is one of
Canada's six systemically
important banks. The Bank has approximately 30,000 employees in
knowledge-intensive positions and operates through three business
segments in Canada: Personal and
Commercial Banking, Wealth Management and Financial Markets. A
fourth segment, U.S. Specialty Finance and International,
complements the growth of its domestic operations. Its securities
are listed on the Toronto Stock Exchange (TSX: NA). Follow the
Bank's activities at nbc.ca or via social
media.
SOURCE National Bank of Canada