MONTREAL, Nov. 17, 2020 /CNW Telbec/ - 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
fee (%)
|
New management fee
(%)
|
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
commissions (%)
|
New trailing
commissions (%)
|
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.
SOURCE National Bank of Canada