As at July 31, 2025

NBI Resource Fund

F Series

Category: Natural Resources Equity

Investment Objective

To achieve capital growth primarily by investing in equities of Canadian natural resource companies and companies that support resource companies. It is expected that investments in foreign securities will not exceed approximately 30% of the fund's net asset value.

Fund Details

Investment horizon

At least 5 years

Fund volatility

HIGH

Style

Sector
Deviation

Market
Capitalization

Style: Value
Sector Deviation: Minimal
Market Capitalization: Mid

Minimum Initial Investment:

$500

Subsequent Investment:

$50

Systematic Investment:

$25

Distribution Frequency:

Annually

Assets Under Management ($M):

$56.6

Price per Unit:

$18.26

Inception Date:

May 21, 2014

Value of $10,000 over 10 years:

$22,740

Benchmark Index:

S&P/TSX Comp. Energy (50%)

S&P/TSX Materials (50%)

Management Fee:

0.75%

MER:

1.09%

Portfolio Manager:

National Bank Investments Inc.

Sub-Advisor:

Foyston, Gordon & Payne

Management Fee Reduction Plan¹

For High Net Worth investors
Amount Applicable

Level to the level* Reduction
1 First $250,000 0.050%
2 Next $250,000 0.100%
3 In excess of $500,000 0.150%

¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the
   assets.

Available Fund Codes:

Advisor Series
Initial Sales Charge NBC444
Deferred Sales Charge NBC544
Low Sales Charge NBC644
F Series NBC744

Portfolio Asset Mix

(% of Net Assets)

Canadian Equity 98.56%
Cash and Equivalents 1.35%
Income Trust Units 0.06%
Other 0.03%
Sector Allocation %
Energy 53.95
Basic Materials 45.55
Industrial Goods & Services 0.47
Mutual Fund 0.03
Dividend Yield (Trailing Yield) 2.70
Top Holdings %
Cenovus Energy Inc 10.56
Canadian Natural Resources Ltd 10.33
Suncor Energy Inc 10.18
Winpak Ltd 10.08
Methanex Corp 9.95
Canfor Corp 7.28
Teck Resources Ltd Cl B 7.17
Tourmaline Oil Corp 5.88
Pason Systems Inc 5.38
CES Energy Solutions Corp 4.82
Total of Top Holdings of the Fund
(% of Net Assets):
81.63
Total Number of Securities Held: 23

Calendar Returns (%)

YTD 2024 2023 2022 2021 2020 2019
3.28 15.86 6.42 14.90 26.44 -7.15 26.10

Annualized Returns (%)

1 M 3 M 6 M 1 Y 3 Y 5 Y 10 Y Incp.
1.78 10.73 0.44 1.39 9.78 12.42 8.56 5.53

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.