National Bank Investments Launches Three New Funds

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MONTREAL, Nov. 4, 2024 /CNW/ - National Bank Investments Inc. (?NBI") announces the launch of three new funds: the NBI Senior Loan Fund, the NBI Global Climate Ambition Fund, and the NBI Sustainable Global Bond Fund (the "NBI Funds").

National Bank of Canada Logo (CNW Group/National Bank of Canada)
National Bank of Canada Logo (CNW Group/National Bank of Canada)

The NBI Funds' series are already available for purchase.

"With the launch of a thematic fund, an impact fund, and a senior loan fund, we continue to lead the way by offering clients dynamic and high growth investment opportunities. Aligned with our responsible investment philosophy and innovative approach, these new solutions not only address the increasing demand for sustainable products but also reaffirm our commitment to help investors meet their financial goals while making a difference for society and the planet," 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 portfolio sub-advisors. NBT has retained the services of AlphaFixe Capital Inc. as portfolio sub-advisor of the NBI Senior Loan Fund, Amundi Canada Inc. for the NBI Global Climate Ambition Fund, and Nuveen Asset Management, LLC with regard to the NBI Sustainable Global Bond Fund.

Here are the fund codes and management fees for these new NBI Funds:

NBI Fund

Fund Code

Management Fee1

NBI Senior Loan Fund — Advisor Series

NBC5417

1.20 %

NBI Senior Loan Fund — F Series

NBC5717

0.70 %

NBI Senior Loan Fund — O Series

NBC9317

0.00%2

NBI Global Climate Ambition Fund — Advisor Series

NBC5418

1.75 %

NBI Global Climate Ambition Fund — F Series

NBC5718

0.75 %

NBI Global Climate Ambition Fund — O Series

NBC9318

0.00%2

NBI Sustainable Global Bond Fund — Advisor Series

NBC5416

1.15 %

NBI Sustainable Global Bond Fund — F Series

NBC5716

0.65 %

NBI Sustainable Global Bond Fund — O Series

NBC9316

0.00%2

1The annual management fees correspond to a percentage of the average daily net asset value of the NBI Fund. Management fees, plus applicable taxes, accrue daily and are paid monthly.

 

2In the case of O Series units, no management fees are deducted directly from the NBI Funds. Instead, related fees are negotiated with and paid directly by investors.

The NBI Senior Loan Fund's investment objective is to generate a high level of current income. The Fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of senior floating rate loans, which are generally rated below investment grade, of corporate issuers located throughout the world and other floating rate debt instruments.