NBI Liquid Alternatives ETF (NALT)

An alternative investment for greater stability across markets

_{Managed by National Bank Investments Inc.}

Why liquid alternatives?

Liquid alternative investments enable portfolio diversification and risk mitigation beyond traditional asset classes.

Decorrelated performance

Target correlation to S&P 500 between -0.2 and 0.2

Enhanced diversification

Target volatility of 10% ± 2 %

Competitive returns

Target return of 3-month Canadian T-Bills + 3%

Investment overview

Systematic global macro investment strategy

Portfolio composed of long and short futures contract positions
Quantitative models determine the allocation which is validated by NBI specialists
The models applied aim to maintain a low correlation to stocks and control risks

A two-level quantitative investment process

Portfolio composition

Includes 22 futures contracts traded on the Chicago Mercantile Exchange across 5 asset classes:

4 currencies: AUD, CAD, GBP, and JPY
5 fixed-income securities: SOFR and U.S. Treasury bonds (2, 5, 10 years and long term)
3 metal commodities: copper, gold, and silver
5 agricultural commodities: corn, soy (bean, meal, oil), and wheat
5 energy commodities: crude oil (Brent and WTI), gasoline, heating oil, and natural gas

About the portfolio manager

Two NBI teams composed of more than 10 investment specialists combine their efforts to manage NALT. The CIO Office oversees the strategy and ensures its alignment with the investment objectives given the market conditions, while the Indexing and Systematic team focuses on implementing a disciplined, systematic approach to trading and operations. Both teams work in tandem and elevate each other to optimize the investment solution.

Questions?

Contact your NBI Sales Representative

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NBI Exchange-Traded Funds (the "NBI ETFs") are offered by National Bank Investments Inc., an indirect wholly owned subsidiary of National Bank of Canada and sold by authorized dealers. Management fees, brokerage fees and expenses all may be associated with investments in NBI ETFs. Please read the prospectus or ETF Facts document(s) before investing. NBI ETFs are not guaranteed, their values change frequently and past performance may not be repeated. NBI ETFs units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. NBI ETFs do not seek to return any predetermined amount at maturity. The NBI ETFs’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The performance of a NBI ETF does not match the performance of the index. The indicated rates of return are the historical total returns for the periods including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, commission charges or income taxes payable by any unitholder that would have reduced returns.

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