national bank income managed portfolio fund facts documents

Income Portfolio

National Bank Short Term Canadian Income Fund

National Bank Floating Rate Income Fund

National Bank Global Tactical Bond Fund

National Bank Bond Fund

National Bank Dividend Fund

Altamira High Yield Bond Fund

Altamira Canadian Index Fund

Omega High Dividend Fund

Omega Consensus American Equity Fund

Omega Consensus International Equity Fund

National Bank Income Managed Portfolio Fund Facts DocumentsHere are the Fund Facts Documents for the investments you made in your National Bank Managed Portfolio, which will be allocated to the Funds that make up the Managed Portfolio you selected based on your investor profi le.

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National Bank Short Term Canadian Income FundInvestor Series • NBC809

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about National Bank Short Term Canadian Income Fund. You can find more detailed information inthe fund’s simplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email [email protected] or visit our website at www.nbc.ca.

QUICK FACTS

Date fund created: March 5, 1997 Portfolio manager: Fiera Capital Corporation

Total value on April 30, 2013: $435.3 million Distribution: Net income at the end of each month, any net capitalgains for the year in December.

Management expense ratio (MER): 0.47% Minimum investment: $500 initial, $50 additional, $25 systematic

WHAT DOES THE FUND INVEST IN?

The fund aims to maximize current income consistent with preserving capital and maintaining liquidity by investing in short-term debt securities.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.

Top 10 Investments (April 30, 2013)

1. GE Capital Canada Funding Company, 5.15%, due June 6, 20132. Hydro One Inc., 5.00%, due November 12, 20133. Canadian Imperial Bank of Commerce, 3.05%, due June 3, 20134. Alberta Capital Finance Authority, Floating, due July 2, 20135. Financement-Québec, Floating, due June 17, 20136. Wells Fargo Financial Canada, 3.97%, due November 3, 20147. Financement-Québec, Floating, due June 3, 20138. Royal Bank of Canada, Floating, due May 21, 20139. Honda Canada Finance Inc., 5.08%, due May 9, 201310. HSBC Bank Canada, 1.18%, due May 28, 2013

Total Investments: 92The top 10 investments make up 28.9% of the fund

Investment Mix (April 30, 2013)

� Corporate Bonds 54.0%

� Banker's Acceptance 18.4%

� Provincial Bonds 10.4%

� Short Term Notes 9.0%

� Commercial Papers 5.4%

� Bonds - Others 2.7%

� Canadian T-Bills 0.8%

� Cash & Other Assets -0.6%

HOW HAS THE FUND PERFORMED?

This section tells you how this series of the fund has performed over the past10 years. Returns are after expenses have been deducted. These expensesreduce the series' returns.

It’s important to note that this doesn’t tell you how the series will perform inthe future. Also, your actual after-tax return will depend on your personal taxsituation.

Average return

A person who invested $1,000 in the series of the fund 10 years ago nowhas $1,212. This works out to an annual compound return of 1.94%.

Year-by-year returns (%)

The following chart shows how the series has performed in each calendaryear for the past 10 years. The series did not drop in value.

2.6%2.2% 2.1%

3.3%3.8%

2.2%

1.0%0.5%

1.1% 1.1%

-1

0

1

2

3

4

5

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | | | | | | |

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down aswell as up. National Bank Securities Inc. has rated this fund’s risk as low.

LOW LOW TOMEDIUM MEDIUM MEDIUM TO

HIGH HIGH

For a description of the specific risks of this fund, see the fund’s simplifiedprospectus.

ARE THERE ANY GUARANTEES?

Like most mutual funds, this fund doesn’t have any guarantees. You maynot get back the money you invest.

WHO IS THIS FUND FOR?

Investors who:• are looking to invest for the short term (less than one year);• want to receive interest income regularly.

Before you invest in any fund, you should consider how it would work withyour other investments and your tolerance for risk.

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National Bank Short Term Canadian Income FundInvestor Series • NBC809

A WORD ABOUT TAX

In general, you’ll have to pay income tax on any money you make on a fund. How much you pay depends on the tax laws where you live and whether or notyou hold the fund in a registered plan, such as a Registered Retirement Savings Plan or a Tax-Free Savings Account.

Keep in mind that if you hold your fund in a non-registered account, fund distributions are included in your taxable income, whether you get them in cash orhave them reinvested.

HOW MUCH DOES IT COST?

The following tables show the fees and expenses you could pay to buy, own and sell Investor Series securities of the fund. The fund has other series ofunits. The fees and expenses are different for each series. Ask about other series that may be suitable for you.

1. Sales ChargesThere are no charges when you purchase your securities through National Bank Securities Inc. or National Bank Direct Brokerage Inc. Other dealers maycharge you a fee.2. Fund expensesYou don’t pay these expenses directly. They affect you because they reduce the returns of the series of the fund. As of December 31, 2012, the expenses ofthe Investor Series were 0.47% of its value. This equals $4.70 for every $1,000 invested.

Annual rate (as a % of the fund’s value)

Management expense ratio (MER)This is the total of the management fee and operating expenses for this series of the fund. National BankSecurities Inc. waived some of the fund's expenses. If it had not done so, the MER would have been higher.

0.47%

Trading expense ratio (TER)These are the trading costs for this series of the fund.

0.00%

Expenses of the series of the fund 0.47%

TRAILING COMMISSIONNational Bank Securities Inc. pays your dealer a trailing commission for as long as you own the fund in compensation for the services and advice yourdealer provides to you. Investment firms may pay part of the trailing commission to their representatives. The trailing commission is paid out of themanagement fee. These commissions represent a percentage of the average daily value of the securities of each fund held by a dealer's clients.

Maximum annual trailing commissions: Up to 0.75% of the value of your investment each year. This equals $7.50 each year for every $1,000.00 invested.

3. Other feesYou may have to pay other fees when you sell, switch or convert securities of the fund through a dealer other than National Bank Securities Inc. or NationalBank Direct Brokerage Inc.

Fees What you pay

Short-term trading fee 2% of the value of securities you redeem or switch within 30 days of purchase may be charged by National Bank SecuritiesInc. This fee goes to the fund.

WHAT IF I CHANGE MY MIND?

Under the securities law in some provinces and territories, you have theright to:

• withdraw from an agreement to buy mutual fund securities withintwo business days after you receive a simplified prospectus, or

• cancel your purchase within 48 hours after you receive confirmationof the purchase.

In some provinces and territories, you also have the right to cancel apurchase, or in some jurisdictions, claim damages, if the simplifiedprospectus, annual information form or financial statements contain amisrepresentation. You must act within the time limit set by thesecurities law in your province or territory.

For more information, see the securities law of your province or territoryor ask a lawyer.

For more information

You may obtain a free copy of the simplified prospectus and otherdisclosure documents by contacting National Bank Securities Inc. or youradviser. These documents and the Fund Facts make up the fund’s legaldocuments.

National Bank Securities Inc.1100 University Street10th floorMontreal, Quebec H3B 2G7Phone: 514-871-2082Toll-free: 1-888-270-3941Email: [email protected]

www.nbc.ca

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National Bank Floating Rate Income FundAdvisor Series • NBC429 NBC529 NBC629

FUND FACTS — January 3, 2014National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about National Bank Floating Rate Income Fund. You can find more detailed information in the fund’ssimplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email at [email protected] visit our website at www.nbc.ca.

QUICK FACTS

Date fund created: January 3, 2014 Portfolio manager: Fiera Capital Corporation

Total value on January 3, 2014: Not available, thefund is new

Distribution: Net income at the end of each month, any net capitalgains for the year in December.

Management expense ratio (MER): Not available, thefund is new

Minimum investment: $500 initial, $50 additional, $25 systematic


The Fund’s investment objective is to generate interest income while minimizing the effects of interest-rate fluctuations. The Fund invests directly, or throughinvestments in securities of other mutual funds, in a portfolio composed mainly of fixed-rate Canadian bonds (either corporate, governmental or municipal) and/orpreferred shares issued by North-American companies and enters into derivatives transactions to generate a floating rate of income. Floating-rate income cantherefore be obtained by swapping, through the use of derivatives, the rate of a fixed-income security for the short-term floating rate in effect at the time of theswap less the fees payable to the counterparty in relation to the derivative transactions. The short-term floating rate used will correspond, depending on thesecurities covered, to the 3-month Canadian Dealer Offered Rate (CDOR) or the 3-month London Interbank Offered Rate (LIBOR). The derivatives will be enteredinto with counterparties having a designated rating. It is expected that investments in foreign securities will not exceed approximately 40% of the Fund's netassets.The charts below give you a snapshot of the fund’s investments on January 3, 2014. The fund’s investments will change over time.

Top 10 Investments

Since this fund is new, this information is not available.

Investment Mix



This section tells you how this series of the fund has performed since inception.Returns are after expenses have been deducted. These expenses reduce theseries' returns. It’s important to note that this doesn’t tell you how the serieswill perform in the future. Also, your actual after-tax return will depend on yourpersonal tax situation.

Average return

The average return is not available for this series as it has not been distributedto the public under a simplified prospectus for 12 consecutive months.


The year-by-year returns are not available for this series as it has not beendistributed to the public under a simplified prospectus for a full calendar year.

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down as wellas up. National Bank Securities Inc. has rated this fund’s risk as low. As thisfund is new, the risk rating is based on the manager’s expectations.


HIGH HIGH



Like most mutual funds, this fund doesn’t have any guarantees. You may notget back the money you invest.


Investors who:• are looking to invest for the short to medium term (at least one year);• are looking for an investment that takes interest rate fluctuations into

account and provides a source of interest income.Before you invest in any fund, you should consider how it would work withyour other investments and your tolerance for risk.

1/3





A WORD ABOUT TAX




The following tables show the fees and expenses you could pay to buy, own and sell Advisor Series securities of the fund. The fund has other series of units.The fees and expenses are different for each series. Ask about other series that may be suitable for you.

1. SALES CHARGESYou have to choose a sales charge option when you buy the Fund. Ask about the pros and cons of each option.

Sales chargeoption

What you pay How it works

In percent (%) In dollars ($)

Initial saleschargeNBC429

0% to 5% of the amount you buy $0 to $50 on every$1,000 you buy

• You negotiate the fees with your dealer.• We deduct the fees from the amount you are investing

and pay it to your dealer.

Deferredsales chargeNBC529

If you sell within:

1 year of buying 6.0%2 years of buying 5.5%3 years of buying 5.0%4 years of buying 4.5%5 years of buying 3.0%6 years of buying 1.5%After 6 years 0%

$0 to $60 on every$1,000 of securitiespurchased

• We pay your dealer a commission equal to 5% of theamount you invest.

• You do not pay any fee unless you redeem your securitieswithin six years of their purchase.

• These fees are only charged if you request theredemption of more than 10% of the securities you holdwithin the same calendar year.

• The redemption fees are based on the initial cost of yoursecurities and the amount of time you hold them.

• The deferred sales charges are at a fixed rate. They arededucted from the value of the securities sold.

• When you sell your securities, any redemption fee youpay goes to National Bank Securities Inc.

• There are no redemption fees when you switch securitiesfor securities of another National Bank Securities MutualFund bought under the deferred sales charge option. Thedeferred sales charge schedule will be based on the datethat the original securities were purchased.

Low saleschargeNBC629

If you sell within:

1 year of buying 3.0%2 years of buying 2.5%3 years of buying 2.0%After 3 years 0%


• We pay your dealer a commission equal to 2.5% of theamount you invest.

• You do not pay any fee unless you redeem your securitieswithin three years of their purchase.


• The low sales charges are reduced to a fixed rate. Theyare deducted from the value of the securities sold.


• There are no redemption fees when you switch securitiesfor securities of another National Bank Securities MutualFund bought under the low sales charge option. The lowsales charge schedule will be based on the date that theoriginal securities were purchased.

2/3





2. Fund expensesYou don’t pay these expenses directly. They affect you because they reduce the returns of the series of the fund.

The fund’s expenses are made up of the management fee, fixed administration fee, other operating expenses and trading costs. The fund’s annualmanagement fee is 1.20% of the fund’s value.Because this series of the fund is new, its operating expenses and trading costs are not yet available.

TRAILING COMMISSIONNational Bank Securities Inc. pays your dealer a trailing commission for as long as you own the Fund in compensation for the services and advice yourdealer provides to you. Investment firms may pay part of the trailing commission to their representatives. The trailing commission is paid out of themanagement fee. These commissions represent a percentage of the average daily value of the securities of each Fund held by a dealer's clients.

Maximum annual trailing commissions: Under the initial sales charge option, up to 0.65% of your investment’s value; corresponding to an amount of $6.50for every $1,000.00 invested. Under the deferred sales charge option, up to 0.25% of your investment’s value; corresponding to an amount of $2.50 forevery $1,000.00 invested. Under the low sales charge option, up to 0.25% of your investment’s value; corresponding to $2.50 for every $1,000.00 investedwithin the first three years and up to 0.65% for the following years, which corresponds to $6.50 for every $1,000.00 invested.

3. Other feesYou may have to pay other fees when you sell, switch or convert securities of the Fund through a dealer other than National Bank Secutities Inc. or NationalBank Direct Brokerage Inc.

Fees What you pay

Short-term trading fee 2% of the value of securities you redeem or switch within 30 days of purchase may be charged by National Bank SecuritiesInc. This fee goes to the Fund.

Switch fee No fees when you switch securities purchased under deferred sales charge and low sales charge options. If you switch yoursecurities purchased under the initial sales charge option, you may have to pay your dealer switch fees of up to 2% of thevalue of the securities. You negotiate these fees with your dealer.

Conversion fee No fees when you convert securities purchased under deferred sales charge and low sales charge options. If you convertyour securities purchased under the initial sales charge option, you may have to pay your dealer convert fees of up to 2% ofthe value of the securities. You negotiate these fees with your dealer.










www.nbc.ca

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National Bank Global Tactical Bond FundAdvisor Series • NBC427 NBC527 NBC627 (C$) • NBC431 NBC531 NBC631 (US$)

FUND FACTS — January 3, 2014National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about National Bank Global Tactical Bond Fund. You can find more detailed information in the fund’ssimplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email at [email protected] visit our website at www.nbc.ca.

QUICK FACTS

Date fund created: January 3, 2014 Portfolio manager: BNY Mellon Asset Management Canada

Portfolio sub-advisor: Standish Mellon Asset Management Company LLC

Total value on January 3, 2014: Not available, thefund is new

Distribution: Net income at the end of each month, and may includea return of capital. Any net income not distributedpreviously in the year and any capital gains will bedistributed in a special distribution in December.

Management expense ratio (MER): Not available, thefund is new

Minimum investment: $500 initial, $50 additional, $25 systematic**(C$ only)


The Fund’s investment objective is to generate income and capital growth, while focusing on capital preservation. To do this the Fund invests directly, or indirectlythrough investments in securities of other mutual funds or through the use of derivatives, in a diverse portfolio mainly composed of bonds and other foreign fixedincome securities with various maturities and credit ratings.The charts below give you a snapshot of the fund’s investments on January 3, 2014. The fund’s investments will change over time.

Top 10 Investments


Investment Mix



This section tells you how this series of the fund has performed since inception.Returns are after expenses have been deducted. These expenses reduce theseries' returns. It’s important to note that this doesn’t tell you how the serieswill perform in the future. Also, your actual after-tax return will depend on yourpersonal tax situation.

Average return

The average return is not available for this series as it has not been distributedto the public under a simplified prospectus for 12 consecutive months.


The year-by-year returns are not available for this series as it has not beendistributed to the public under a simplified prospectus for a full calendar year.

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down as wellas up. National Bank Securities Inc. has rated this fund’s risk as low tomedium. As this fund is new, the risk rating is based on the manager’sexpectations.


HIGH HIGH



Like most mutual funds, this fund doesn’t have any guarantees. You may notget back the money you invest.


Investors who:• are looking to invest for the medium term (at least three years);• are looking to diversify their fixed income investments outside of Canada;• wish to receive regular distributions and are looking for an investment

with the potential for moderate capital growth.Before you invest in any fund, you should consider how it would work withyour other investments and your tolerance for risk.

1/3





A WORD ABOUT TAX





1. SALES CHARGESYou have to choose a sales charge option when you buy the Fund. Ask about the pros and cons of each option.

Sales chargeoption






and pay it to your dealer.


If you sell within:











If you sell within:









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2. Fund expensesYou don’t pay these expenses directly. They affect you because they reduce the returns of the series of the fund.

The fund’s expenses are made up of the management fee, fixed administration fee, other operating expenses and trading costs. The fund’s annualmanagement fee is 1.70% of the fund’s value.Because this series of the fund is new, its operating expenses and trading costs are not yet available.

TRAILING COMMISSIONNational Bank Securities Inc. pays your dealer a trailing commission for as long as you own the Fund in compensation for the services and advice yourdealer provides to you. Investment firms may pay part of the trailing commission to their representatives. The trailing commission is paid out of themanagement fee. These commissions represent a percentage of the average daily value of the securities of each Fund held by a dealer's clients.

Maximum annual trailing commissions: Under the initial sales charge option, up to 0.75% of your investment’s value; corresponding to an amount of $7.50for every $1,000.00 invested. Under the deferred sales charge option, up to 0.25% of your investment’s value; corresponding to an amount of $2.50 forevery $1,000.00 invested. Under the low sales charge option, up to 0.25% of your investment’s value; corresponding to $2.50 for every $1,000.00 investedwithin the first three years and up to 0.75% for the following years, which corresponds to $7.50 for every $1,000.00 invested.

3. Other feesYou may have to pay other fees when you sell, switch or convert securities of the Fund through a dealer other than National Bank Secutities Inc. or NationalBank Direct Brokerage Inc.

Fees What you pay

Short-term trading fee 2% of the value of securities you redeem or switch within 30 days of purchase may be charged by National Bank SecuritiesInc. This fee goes to the Fund.












www.nbc.ca

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National Bank Bond FundInvestor Series • NBC840

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about National Bank Bond Fund. You can find more detailed information in the fund’s simplifiedprospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email at [email protected] orvisit our website at www.nbc.ca.

QUICK FACTS

Date fund created: November 18, 1966 Portfolio manager: Fiera Capital Corporation

Total value on April 30, 2013: $1,829.5 million Distribution: Net income at the end of each month, any net capitalgains for the year in December.



The Bond Fund’s objectives are to provide a high level of income, reasonable unit price stability and sustained capital growth. The fund invests primarily inCanadian federal and provincial bonds. It is expected that investments in foreign securities will not exceed approximately 30% of the fund’s net assets.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. Government of Canada, 4.00%, due June 1st, 20412. Government of Canada, 2.75%, due June 1st, 20223. Province of Quebec, 4.25%, due December 1st, 20434. Government of Canada, 1.00%, due February 1st, 20155. Government of Canada, 1.25%, due March 1st, 20186. Cash & Other Assets7. Province of Ontario, 2.85%, due June 2, 20238. Province of Quebec, 3.50%, due December 1st, 20229. Province of Ontario, 3.50%, due June 2, 204310. Toronto-Dominion Bank, Floating, due December 18, 2017



� Corporate Bonds 45.5%

� Federal Bonds 23.5%

� Provincial Bonds 23.0%

� Municipal Bonds 3.3%

� Foreign Bonds 0.2%

� Cash & Other Assets 4.5%




Average return



The following chart shows how the series has performed in each calendaryear for the past 10 years. The series did not drop in value.

5.3%4.8% 4.6%

2.4% 2.3%

4.7% 4.9% 4.6%

7.9%

2.7%

0

2

4

6

8

10

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 | | | | | | | | |

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down aswell as up. National Bank Securities Inc. has rated this fund’s risk as low.


HIGH HIGH





Investors who:• are looking to invest for the short to medium term (at least one year);• want to receive interest income regularly;• wish to add a source of interest income to their portfolio.


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National Bank Bond FundInvestor Series • NBC840

A WORD ABOUT TAX







Management expense ratio (MER)This is the total of the management fee and operating expenses for this series of the fund.

1.46%


0.00%





Fees What you pay











www.nbc.ca

2/2




National Bank Dividend FundInvestor Series • NBC326

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about National Bank Dividend Fund. You can find more detailed information in the fund’ssimplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email [email protected] or visit our website at www.nbc.ca.

QUICK FACTS

Date fund created: August 10, 1992 Portfolio manager: Fiera Capital Corporation

Total value on April 30, 2013: $1,151.0 million Distribution: Net income at the end of each quarter (March, June,September and December), any net capital gains forthe year in December.



The Dividend Fund’s objectives are to provide high dividend income while preserving capital. The fund invests primarily in preferred and common shares ofCanadian corporations that pay dividend income. It is expected that investments in foreign securities will not exceed approximately 10% of the fund's netasset value.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. National Bank Bond Fund2. Cash & Other Assets3. Altamira Preferred Equity Fund4. Horizons BetaPro S&P/TSX 60 Index ETF, S&P/TSX 605. Manulife Financial Corp., 6.60 %, Class A, Series 46. Bank of Nova Scotia, 5.25%, Series 167. Great-West Lifeco Inc., 4.85%, Series H8. Sun Life Financial Inc., 4.80%, Class A, Series 29. Bank of Montreal10. Crescent Point Energy Corp.



� Preferred Shares 58.6%

� Bonds 19.6%

� Common Shares 15.4%

� Trust units 2.2%


Sector Allocation (April 30, 2013)

1. Financials 64.4%2. Energy 14.6%3. Telecommunication Services 8.1%4. Utilities 5.8%5. Consumer Discretionary 3.0%6. Consumer Staples 1.7%7. Materials 1.3%8. Industrials 0.8%9. Health Care 0.4%10. Information Technology 0.0%




Average return



The following chart shows how the series has performed in each calendaryear for the past 10 years. The series dropped in value in 2 of 10 years.

12.6%8.1%

12.3%8.4%

-1.6%

-19.7%

18.4%

7.1%2.9% 3.7%

-30

-20

-10

0

10

20

30

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | | | | | | |

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down aswell as up. National Bank Securities Inc. has rated this fund’s risk as low tomedium.


HIGH HIGH





Investors who:• are looking to invest for the short to medium term (at least one year);• want to receive dividend income regularly;• wish to add a source of dividend income to their portfolio.


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National Bank Dividend FundInvestor Series • NBC326

A WORD ABOUT TAX








1.75%


0.11%





Fees What you pay











www.nbc.ca

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Altamira High Yield Bond FundInvestor Series • NBC813

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about Altamira High Yield Bond Fund. You can find more detailed information in the fund’ssimplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email [email protected] or visit our website at www.nbc.ca.

QUICK FACTS

Date fund created: December 19, 2001 Portfolio manager: Fiera Capital Corporation

Total value on April 30, 2013: $787.8 million Distribution: Net income at the end of each month, any net capitalgains for the year in December.



The High Yield Bond Fund aims to achieve high total income return. The fund invests primarily in High Yield debt securities of foreign (U.S.A. and WesternEurope) and Canadian companies, such as corporate bonds with medium to long terms. The fund may also invest in convertible debentures, prefered sharesand mortgage-backed securities.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. Cash & Other Assets2. DISH DBS Corp., 5.88%, due July 15, 20223. Sprint Nextel Corp., 6.00%, due November 15, 20224. AES Corp., 8.00%, due October 15, 20175. First Data Corp., 6.75%, due November 1st, 20206. HCA Inc., 7.88%, due February 15, 20207. International Lease Finance Corp., 8.75%, due March 15, 20178. Reliance LP, 5.19%, due March 15, 20199. Heckmann Corp., 9.88%, due April 15, 201810. Russel Metals Inc., 6.00%, due April 19, 2022



� United States 60.9%

� Canada 15.7%

� International 12.2%





Average return




16.5%8.8%

-0.4%

6.2%0.9%

-23.9%

36.6%

13.2%3.2%

12.6%

-60

-40

-20

0

20

40

60

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | | | | | | |

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down aswell as up. National Bank Securities Inc. has rated this fund’s risk as low tomedium.


HIGH HIGH





Investors who:• are looking to invest for the long term (at least 5 years);• want to diversify their investment by taking advantage of high yield

securities;• wish to add a source of interest income to their portfolio.


1/2




Altamira High Yield Bond FundInvestor Series • NBC813

A WORD ABOUT TAX








1.96%


0.00%





Fees What you pay











www.nbc.ca

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Altamira Canadian Index FundInvestor Series • NBC814

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about Altamira Canadian Index Fund. You can find more detailed information in the fund’ssimplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email [email protected] or visit our website at www.nbc.ca.

QUICK FACTS


Total value on April 30, 2013: $317.8 million Distribution: Any net income and net capital gains for the year inDecember.



The fund seeks long-term growth of capital by tracking the performance of the S&P/TSX 60 Index. The S&P/TSX 60 Index represents large Canadiancompanies and includes most of the top 60 constituent companies of the S&P/TSX Composite Index in terms of market value.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. Royal Bank of Canada2. Toronto-Dominion Bank3. Bank of Nova Scotia4. Suncor Energy Inc.5. Canadian National Railway Co.6. Bank of Montreal7. Enbridge Inc.8. Potash Corporation of Saskatchewan Inc.9. BCE Inc.10. TransCanada Corp.



� Canadian Equity 97.4%

� US Equity 2.2%



1. Financials 35.5%2. Energy 24.2%3. Materials 14.0%4. Telecommunication Services 7.1%5. Industrials 6.6%6. Consumer Discretionary 3.7%7. Consumer Staples 2.7%8. Foreign Equities 2.2%9. Health Care 2.0%10. Utilities 1.0%11. Information Technology 0.6%




Average return




24.6%13.3%

25.5%18.6%

10.6%

-31.4%

31.2%

13.1%

-9.6%

7.4%

-60

-40

-20

0

20

40

60

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | | | | | | |

HOW RISKY IS IT?

When you invest in a fund, the value of your investment can go down aswell as up. National Bank Securities Inc. has rated this fund’s risk asmedium.


HIGH HIGH





Investors who:• are looking to invest for the long term (at least 5 years);• like to invest in a single fund that has access to the largest, most liquid

shares in the Canadian market.

! Don't buy this fund if you need a steady source of income from yourinvestment.


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Altamira Canadian Index FundInvestor Series • NBC814

A WORD ABOUT TAX








0.66%


0.01%





Fees What you pay











www.nbc.ca

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Omega High Dividend FundAdvisor Series • NBC481 NBC581 NBC681

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about Omega High Dividend Fund. You can find more detailed information in the fund’s simplifiedprospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email at [email protected] orvisit our website at www.nbc.ca.

QUICK FACTS

Date fund created: November 22, 2007 Portfolio manager: Intact Investment Management Inc.

Total value on April 30, 2013: $389.3 million Distribution: Net income at the end of each quarter (March, June,September and December), any net capital gains forthe year in December.



The Omega High Dividend Fund’s investment objectives are to maximize the long term capital growth potential and to generate a high dividend income. Thisfund invests directly, or through investments in securities of other mutual funds, in a portfolio mainly composed of Canadian dividend-paying commonshares and other income generating Canadian equities. It is expected that investments in foreign securities will not exceed approximately 10% of the fund'snet asset value.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. Toronto-Dominion Bank2. Telus Corp.3. Royal Bank of Canada4. Cash & Other Assets5. Crescent Point Energy Corp.6. TransCanada Corp.7. Sun Life Financial Inc.8. Cenovus Energy Inc.9. National Bank of Canada10. Enbridge Inc.



� Canadian Equity 94.7%

� US Equity 1.1%



1. Financials 38.2%2. Energy 29.7%3. Telecommunication Services 10.8%4. Materials 7.4%5. Utilities 4.6%6. Consumer Discretionary 4.3%7. Industrials 2.9%8. Consumer Staples 1.4%9. Information Technology 0.9%


This section tells you how this series of the fund has performed over the past5 years. Returns are after expenses have been deducted. These expensesreduce the series' returns. It’s important to note that this doesn’t tell youhow the series will perform in the future. Also, your actual after-tax returnwill depend on your personal tax situation.

Average return

A person who invested $1,000 in the series of the fund since its inceptionnow has $1,198. This works out to an annual compound return of 3.37%.



-27.0%

30.1%

12.2%

0.1%6.2%

-60

-40

-20

0

20

40

60

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | |

HOW RISKY IS IT?



HIGH HIGH





Investors who:• are looking to invest for the long term (at least 5 years);• wish to receive a regular dividend income.

! Don't buy this fund if you are looking to invest for a short term (lessthan one year).


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A WORD ABOUT TAX





1. SALES CHARGESYou have to choose a sales charge option when you buy the fund. Ask about the pros and cons of each option.

Sales chargeoption






and pay it to your dealer.• There are no fees when you purchase securities of the

Omega Funds through National Bank Securities Inc.


If you sell within:











If you sell within:









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2. Fund expensesYou don’t pay these expenses directly. They affect you because they reduce the returns of the series of the fund. As of December 31, 2012, the expenses ofthe Advisor Series were 2.66% of its value. This equals $26.60 for every $1,000 invested.



2.03%


0.63%



Maximum annual trailing commissions: Under the initial sales charge option, up to 1.25% of your investment’s value; corresponding to an amount of$12.50 for every $1,000.00 invested. Under the deferred sales charge option, up to 0.50% of your investment’s value; corresponding to an amount of$5.00 for every $1,000.00 invested. Under the low sales charge option, up to 0.50% of your investment’s value; corresponding to $5.00 for every$1,000.00 invested within the first three years and up to 1.00% for the following years, which corresponds to $10.00 for every $1,000.00 invested.

3. Other feesYou may have to pay other fees when you sell, switch or convert securities of the fund through a dealer other than National Bank Secutities Inc. or NationalBank Direct Brokerage Inc.

Fees What you pay













www.nbc.ca

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Omega Consensus American Equity FundAdvisor Series • NBC490 NBC590 NBC690

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about Omega Consensus American Equity Fund. You can find more detailed information in thefund’s simplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email [email protected] or visit our website at www.nbc.ca.

QUICK FACTS


Portfolio sub-advisor: Validea Capital Management, LLC




The Omega Consensus American Equity Fund’s investment objective is to provide long term capital growth. This fund invests directly, or throughinvestments in securities of other mutual funds, in a portfolio mainly composed of equities of U.S. companies.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. Tempur-Pedic International Inc.2. H&R Block Inc.3. Western Digital Corp.4. Iconix Brand Group Inc.5. Tronox Ltd.6. Oil States International Inc.7. Kronos Worldwide Inc.8. j2 Global Inc.9. Gamestop Corp., Class A10. AbbVie Inc.



� US Equity 99.3%



1. Consumer Discretionary 24.8%2. Energy 13.5%3. Financials 11.8%4. Information Technology 11.3%5. Health Care 11.0%6. Industrials 9.7%7. Consumer Staples 7.6%8. Materials 7.2%9. Telecommunication Services 3.1%



Average return




-20.0%

13.0%10.4%

1.4%

6.7%

-30

-25

-20

-15

-10

-5

0

5

10

15

20

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | |

HOW RISKY IS IT?



HIGH HIGH





Investors who:• are looking to invest for the long term (at least 5 years);• are looking to diversify their investments through exposure to the U.S.

market.



1/3





A WORD ABOUT TAX






Sales chargeoption









If you sell within:











If you sell within:









2/3








2.04%


0.28%





Fees What you pay













www.nbc.ca

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Omega Consensus International Equity FundAdvisor Series • NBC491 NBC591 NBC691

FUND FACTS — May 28, 2013National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.National Bank Securities Inc.This document contains key information you should know about Omega Consensus International Equity Fund. You can find more detailed information in thefund’s simplified prospectus. Ask your advisor for a copy, contact the manager, National Bank Securities Inc., at 1-888-270-3941 or send an email [email protected] or visit our website at www.nbc.ca.

QUICK FACTS


Portfolio sub-advisor: Validea Capital Management, LLC




The Omega Consensus International Equity Fund’s investment objective is to provide long-term capital growth. This fund invests directly, or throughinvestments in securities of other mutual funds, in a portfolio mainly composed of equities of foreign companies located outside North America and inAmerican Depository Receipts (ADR) traded on recognized stock exchanges.The charts below give you a snapshot of the fund’s investments on April 30, 2013. The fund’s investments will change over time.


1. Netease.com, ADR2. Delphi Automotive PLC3. Seagate Technology4. Chicago Bridge & Iron Co NV5. Cia Paranaense de Energia, ADR6. Spreadtrum Communications Inc.7. Luxottica Group SPA8. Warner Chilcott PLC9. Autoliv Inc.10. AVG Technologies NV



� Europe 62.1%

� Asia Ex-Japan 21.3%

� Americas 8.3%

� Japan 6.0%

� Africa 1.9%



1. Information Technology 23.0%2. Telecommunication Services 15.8%3. Health Care 13.0%4. Energy 10.8%5. Industrials 10.0%6. Consumer Discretionary 9.1%7. Financials 9.1%8. Materials 5.3%9. Utilities 2.0%10. Consumer Staples 1.9%



Average return




-30.0%

24.9%

13.4%

-11.5%

10.8%

-60

-40

-20

0

20

40

60

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

| | | |

HOW RISKY IS IT?



HIGH HIGH





Investors who:• are looking to invest for the long term (at least 5 years);• are looking to diversify their investments through exposure to

international markets.



1/3





A WORD ABOUT TAX






Sales chargeoption









If you sell within:











If you sell within:









2/3








2.04%


0.24%





Fees What you pay













www.nbc.ca

3/3