PRESS RELEASES
National Bank Investments Inc. (“NBI”) announced today reductions to the management fees and trailing commissions in select series of the NBI Science and Technology Fund (the “fund”), as well as the introduction of the F Series.
Changes to the management fees and trailing commissions
On or about December 1, 2020, the management fees and maximum annual trailing commissions for select series in the fund will be updated as follows:
Management fee reductions and introduction of the F Series
Series |
Current management |
New management |
Investor | 2.00 | 1.75 |
Advisor* | 2.00 | 1.75 |
F | N/A | 0.75 |
*Management fees apply to all sales charge options of the Advisor Series.
Trailing commissions reductions
Series |
Current trailing |
New trailing |
Investor | 1.25 | 1.00 |
Advisor ISC* | 1.25 | 1.00 |
Advisor DSC** | 1.25 | 1.00 |
*ISC: Initial sales charge
**DSC: Deferred sales charge
(year 7 and after)
These changes will be reflected in the upcoming amendment to the simplified prospectus for the NBI Funds, which will be available on the SEDAR website (www.sedar.com) as well as on the National Bank Investments website (www.nbinvestments.ca).
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 investments
in the Funds. 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 September 30, 2020,
assets under management in NBI products were valued at over $64 billion.
Guided by a 100% 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 member of Canada’s Responsible Investment Association and a signatory of the United Nations-supported Principles for Responsible Investment.
About National Bank of Canada
With $322 billion
in assets as at July 31, 2020, National Bank of Canada, together
with its subsidiaries, forms one of Canada's leading integrated
financial groups. It has more than 26,000 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.
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