Ninepoint Canadian Senior Debt Fund - Series F

  • NAV · As at 5/30/2025
    $7.00
  • Risk Tolerance
    High
  • Distributions††
    Quarterly
  • Inception Date
    5/1/2018

Investment Team

  • Ninepoint Partners
    Ninepoint Partners
    Ninepoint Partners manages unique alternative investment solutions that offer investors the benefits of better diversification. We target investment strategies that are uncorrelated from traditional asset classes, such as equities and bonds, with the goal of lowering overall portfolio risk. As a team, we have a long track-record of managing alternative income, real asset and alternative core strategies. Innovative thinking, and our ability to apply it to real-world solutions, is what defines...
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Performance

Compound Returns

As at 5/31/2025 (Series F) NPP801
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
-3.84
As at 5/30/2025
-12.92 -39.36 -17.41 -8.27 - -3.79
Inception Date: May 1, 2018

Monthly Returns (%)

As at 6/30/2025 (Series F) NPP801
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2025 -0.39 -1.49 -1.38 -6.42 -3.84 -12.92
2024 1.01 0.29 -0.32 -4.31 0.20 -6.17 0.15 -0.25 -4.54 -4.59 -5.29 -13.88 -32.58
2023 0.78 0.21 0.35 0.57 0.24 -3.02 1.04 0.81 0.17 0.84 0.07 -9.63 -7.80
2022 0.57 0.56 0.64 0.63 0.61 0.59 -0.08 1.25 0.57 0.68 0.72 0.28 7.24
2021 0.66 0.51 0.57 0.65 0.49 0.56 0.58 0.56 0.56 0.58 0.57 0.54 7.07
2020 0.91 0.55 0.10 1.25 0.72 0.80 0.66 0.70 0.51 0.57 0.57 0.57 8.20
2019 0.50 0.67 0.66 0.65 0.76 0.97 0.57 0.59 0.59 0.53 0.63 0.57 7.95
2018 0.53 0.59 0.61 0.57 0.61 0.58 0.58 0.59 4.75

Distribution Yields

(Series F) NPP801
Distributions Per Unit Current Distribution Rate 12 Month Trailing Yield Distribution Frequency Record Date
$0.22590 11.24% 4.33% Quarterly 12/31/2024

Growth of $100,000 Invested

As at 6/30/2025 (Series F) NPP801

Risk Tolerance

  • Low
  • Low - Med
  • Medium
  • Med - High
  • High

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Open-ended unincorporated investment trust
Inception Date
Series A: 5/1/2018
Series F: 5/1/2018
Series S: 9/29/2017
Registered Tax Plan Status
Not Eligible
Distributions
Quarterly
To preserve liquidity for working capital in the Fund, all distributions from March 29, 2024 will be automatically reinvested in additional units of the Fund until further notice.
Performance Fee
20% over 7% Preferred
Valuations
Monthly
Redemptions
All investors will receive capital distributions on a quarterly, pro-rata basis, as liquidity is realized through the wind-down process.  No additional action is required - there is no need to submit a notice of redemption.
†Fund returns between 7% and 8.75% are payable to the General Partner as a Performance Allocation plus applicable taxes. In addition. 20% of returns in excess of 8.75% are payable to the General Partner as a Performance Allocation plus applicable taxes.
Fees
Fees
Management Fee
Series A: 2.45%§
Series F: 1.45%§
Series S: 0.85%§
§Effective beginning on or about September 30, 2025, the management fee (excluding the trailer fee portion of any management fees) will be reduced across all investor series by 30%. Please refer to the FAQ for additional details for each share class.
Fund Codes
Fund Codes
Series A 1 NPP800
Series F 1 NPP801
Series F1 1 NPP841
Series S 1 NPP825
1Closed to new purchases.

Documents

An investment in the Fund requires the financial ability and willingness to accept the high risks and lack of liquidity inherent in an investment in the Fund. Investors in the Fund must be prepared to bear such risks for an extended period of time. No assurance can be given that the Fund’s investment objectives will be achieved or that investors will receive a return of their capital. Investors should have the financial ability and willingness to accept the risk characteristics of the Fund’s investments. The Fund is available to accredited investors only and Advisors should review the offering documents and the financial ability of their clients in order to ensure investment suitability.

All returns and fund details are a) based on Class  F  units; b) net of fees; c) annualized if period is greater than one year; d) as at 5/31/2025. Numbers may not add up due to rounding.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the investment fund or returns on investment in the investment fund.

The Manager intends to make a quarterly distribution on all Classes of Units, to Unitholders of record as of the close of business on the last Business Day of each quarter. At any time, the Manager may decide to change the frequency of distributions and make monthly or less frequent distributions. The amount and frequency of any distributions may fluctuate and there can be no assurance that any distributions will be made in any period or of any particular amount. 

The Ninepoint Canadian Senior Debt Fund is generally exposed to the following risks. See the offering memorandum of the Fund for a description of these risks:  General Investment Risk; Class Risk; Changes in Investment Strategy; Limited Ability to Liquidate Investment; Capital Depletion Risk; Redemptions; Redemption Cap Subject to Manager Discretion; Fluctuations in Net Asset Value and Valuation of the Master Fund’s Investments; Financial Condition, Liquidity and Capital Resources; Risks Related to the Novel Coronavirus Disease (COVID-19); Risks Related to the Russian Invasion of Ukraine; Unitholders not Entitled to Participate in Management; Reliance on the Manager; Dependence of the Manager on Key Personnel; Reliance on the Loan Consultant;  Dependence of Loan Consultant on Key Personnel; The Loan Consultant and Manager Receive Management Fees and Performance Fees on the Net Asset Value of the Fund, which includes Payment-in-Kind payments that may never be recovered; Performance Fee; Taxation of the Fund; No Ownership Interest in the Portfolio; Distributions; Potential Indemnification Obligations; Liability of Unitholders; Lack of Independent Experts Representing Unitholders; No Involvement of Unaffiliated Selling Agent; Not a Public Mutual Fund; Charges to the Fund; Risks Associated with the Master Fund and Investments by the Master Fund; Overall Investment Risk; Changes in Investment Strategy; General Economic and Market Conditions; Risks of Executing Investment Strategies; Foreign Currency Risk; Market Liquidity; Discretion of the Manager; Concentration of Investments; Use of Leverage by the Master Fund; Charges to the Master Fund; Non-Disclosure of Positions; Business Risks; Middle Market Companies; Collateral;  Inability to Meet Redemption Requests Due to Illiquidity of Collateral; Risk of Taxation; Availability of Investment Strategies; Credit Risk and Default in Repayment Obligations by Borrowers; Liquidity of Underlying Investments; Borrower Fraud and Breach of Covenants; Senior Loans Risk; Impaired Loans; Inability to Realize on or Dispose of Security Granted by Borrowers on a Defaulted Loan.

The Ninepoint Canadian Senior Debt Fund is offered on a private placement basis pursuant to an offering memorandum and are only available to investors who meet certain eligibility or minimum purchase amount requirements under applicable securities legislation. The offering memorandum contains important information about the Fund, including its investment objective and strategies, purchase options, applicable management fees, performance fees, other charges and expenses, and should be read carefully before investing. Performance data represents past performance of the Fund and is not indicative of future performance. Data based on performance history of less than five years may not give prospective investors enough information to base investment decisions on. Please contact your own personal advisor on your particular circumstance. This communication does not constitute an offer to sell or solicitation to purchase securities of the Fund. 

The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

Ninepoint Partners LP: Toll Free: 1.866.299.9906. Dealer Services: CIBC Mellon GSSC Record Keeping Services: Toll Free: 1.877.358.0540