MONTREAL, Sept. 28, 2026 /CNW/ -- National Bank Investments Inc. ("NBI") announces the launch of four new funds (the "NBI Funds"), including their exchange-traded series ("ETF Series") and the ETF Series of the NBI Ultra Short-Term Fixed Income Fund.
The NBI Funds have closed their initial offering of ETF Series units, and they will begin trading on the Toronto Stock Exchange ("TSX") today.
"As investors and advisors seek a wider range of income-generating opportunities, demand continues to grow for solutions that can support different portfolio objectives," said Corinne Bélanger, Vice-President, Investment Solutions and Analytics, National Bank Investments. "With the launch of these new funds and ETF series, we are expanding our offering of income-oriented strategies and providing access to additional tools designed to help investors navigate changing market conditions."
New NBI Funds
NBI Funds | Ticker symbol
/ fund code | Management fee1 | Administration fee1 |
NBI SmartData U.S. Equity Covered Call Fund – ETF Series | NUCC | 0.40 % | 0.05 % |
NBI SmartData International Equity Covered Call Fund – ETF Series | NICC | 0.50 % | 0.10 % |
NBI SmartData Enhanced Yield U.S. Equity Fund – ETF Series | NSUY | 0.55 % | 0.10 % |
NBI Target 2032 Investment Grade Bond Fund – ETF Series | NTGG | 0.15 % | 0.05 % |
NBI SmartData U.S. Equity Covered Call Fund – Advisor Series | NBC5900 | 1.40 % | 0.05 % |
NBI SmartData International Equity Covered Call Fund – Advisor Series | NBC5901 | 1.50 % | 0.10 % |
NBI SmartData Enhanced Yield U.S. Equity Fund – Advisor Series | NBC5899 | 1.55 % | 0.10 % |
NBI Target 2032 Investment Grade Bond Fund – Advisor Series | NBC9632 | 0.65 % | 0.05 % |
NBI SmartData U.S. Equity Covered Call Fund – F Series | NBC783 | 0.40 % | 0.05 % |
NBI SmartData International Equity Covered Call Fund – F Series | NBC784 | 0.50 % | 0.10 % |
NBI SmartData Enhanced Yield U.S. Equity Fund – F Series | NBC799 | 0.55 % | 0.10 % |
NBI Target 2032 Investment Grade Bond Fund – F Series | NBC9232 | 0.15 % | 0.05 % |
1 The annual management and administration fees are based on the average daily net asset value of the NBI Fund. These management and administration fees, plus applicable taxes, will accrue daily and be paid monthly. |
The NBI SmartData U.S. Equity Covered Call Fund's investment objective is to generate income and to provide moderate long-term capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio mainly composed of equity securities of U.S. companies while seeking to mitigate some downside risk through the use of covered call options.
The NBI SmartData International Equity Covered Call Fund's investment objective is to generate income and to provide moderate long-term capital growth. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio mainly composed of equity securities of international companies while seeking to mitigate some downside risk through the use of covered call options.
The NBI SmartData Enhanced Yield U.S. Equity Fund's investment objective is to provide long-term capital growth and to generate income. The fund invests directly, or through investments in securities of other mutual funds, in a portfolio mainly composed of equities of U.S. companies. The fund may use leverage through one or more sources, including the use of derivatives, cash borrowing and short selling, subject to the limits permitted under applicable securities legislation. The fund's aggregate gross exposure to sources of leverage will not exceed 150% of the fund's net asset value.
The NBI Target 2032 Investment Grade Bond Fund's investment objective is to provide current income and preserve capital. The fund invests, directly or indirectly through investments in securities of other mutual funds, in a portfolio comprised primarily of investment-grade bonds of North American companies with an effective maturity in 2032. As bonds reach maturity, it is expected that the portfolio will transition primarily to cash and cash equivalents by its target date, which is on or about November 30, 2032.
New ETF series of the NBI Ultra Short-Term Fixed Income Fund
Ticker symbol | Management fee1 | Administration fee1 |
NUST | 0.25 % | 0.05 % |
1 The annual management and administration fees are based on the average daily net asset value of the NBI Fund. These management and administration fees, plus applicable taxes, will accrue daily and be paid monthly. |
About NBI Funds
NBI 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 mutual fund investments. 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. ETF Series units of the Funds are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. ETF Series of the Funds do not seek to return any predetermined amount at maturity.
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 June 30, 2026, assets under management in NBI products were valued at over $128 billion.
Guided by an 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.
National Bank Investments is a signatory of the United Nations-supported Principles for Responsible Investment, a member of Canada's Responsible Investment Association, and a founding participant in the Climate Engagement Canada initiative.
About National Bank of Canada
With $635 billion in assets as at July 31, 2026, National Bank of Canada (the "Bank") is one of Canada's six systemically important banks. The Bank has more than 37,000 employees in knowledge-intensive positions and operates three business segments in Canada: Personal and Commercial Banking, Wealth Management and Capital Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media.
SOURCE National Bank of Canada
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2026/28/c2015.html
Information: Alexandre Guay, Chief Advisor, Public Affairs, National Bank of Canada, Tel.: 514-412-5125, alexandre.guay@nbc.ca