As at July 31, 2025

NBI Real Assets Master Pooled Fund (Closed to new purchases)

(formerly Real Asset Pooled Fund)

F Series

Category: Miscellaneous - Income and Real Property

Investment Objective

The Fund’s investment objective is to generate income and long-term capital growth while focusing on hedging against inflation. The Fund invests directly, or through investments in securities of other mutual funds, in a portfolio composed mainly of common shares of companies in industry sectors associated with real assets and located around the world.

Fund Details

Investment horizon

At least 5 years

Fund volatility

Low

Style

Sector
Deviation

Market
Capitalization

Style: Value
Market Capitalization: Large

Minimum Initial Investment:

$25,000

Subsequent Investment:

$500

Systematic Investment:

$0

Distribution Frequency:

Monthly

Assets Under Management ($M):

$1,730.8

Price per Unit:

$12.08

Inception Date:

February 15, 2019

Value of $10,000 since inception:

$13,666

Benchmark Index:

23% S&P Global Infrastructure

77% U.S CPI +5%

Management Fee:

1.20%

MER:

1.48%

Portfolio Manager:

National Bank Trust Inc.

Available Fund Codes:

F Series NBC4090
F- U.S. $ Series
F_US Series NBC4095
O Series NBC4095

Portfolio Asset Mix

(% of Net Assets)

Alternatives 58.63%
US Equity 26.49%
International Equity 10.47%
Canadian Equity 2.71%
Income Trust Units 1.38%
Cash and Equivalents 0.32%
Dividend Yield (Trailing Yield) 2.60
Top Holdings %
NBI Global Real Assets Income ETF (NREA) 30.90
Purpose Gold Bullion Fund Class F Currency Hedged 12.80
Hancock Timberland and Farmland Fund LP 8.56
Brookfield Real Estate Partners NUS L.P 8.00
CI Global Private Real Estate Fund 6.96
Fiera Infrastructure Fund Series 1 6.42
COMOX Global Agriculture Open End Fund CA II LP 5.84
Infrastructure Investment Fund Canada 2 Hedge LP 5.20
Nuveen Global Farmland Fund Lux SCSp 4.58
Fiera Global Agriculture Open End Fund CA II LP, S 3.63
Total of Top Holdings of the Fund
(% of Net Assets):
92.89
Total Number of Securities Held: 15
Geographic Allocation %
Multi-National 45.78
United States 26.50
Other 13.11
European Union 7.26
Canada 3.02
Asia/Pacific Rim 2.70
Latin America 1.50
Japan 0.13

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
4.67 10.64 0.62 4.29 8.59 -2.59 -

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
1.25 1.38 2.38 9.59 5.66 5.90 - 4.96

Disclosure

NBI Mutual Funds (the “Funds”) are offered by National Bank Investments Inc. an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Funds. Please read the prospectus of the Funds before investing. The indicated rates of return are the historical annual compounded total returns which include changes in the value of securities and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. The Funds’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of the investment in a fund will be returned. The Funds are not guaranteed, their values change frequently and past performance may not be repeated.