Ninepoint Cash Management Fund - Series F

Ninepoint Cash Management Fund

Formerly Ninepoint High Interest Savings Fund

NPP119

Overview

The Ninepoint Cash Management Fund is a high-quality, short-term vehicle for investors who want to earn a better rate of return on their idle cash.

No term commitments

Unlike GICs and Term Deposits, there is no penalty for redemption
Daily liquidity

Easy access to cash
Now available as an ETF

Easier to incorporate into your portfolio model and bulk trade
A better alternative for cash balances

The Fund commonly invests in high-quality interest-bearing securities with short maturities and low credit risk. Typical investments include short-term government bonds, treasury bills and commercial paper.

Fund Objective

The objective of this Fund is to maximize yield on cash balances, while providing easy access to investments with daily liquidity. The Fund invests in high interest savings accounts offered at Schedule 1 Canadian Banks and/or high-quality money market securities.

No Guarantees

Like most mutual funds, this Fund does not have any guarantees. For any deposits made in bank deposit accounts, the Fund is not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment in the fund will be returned to you.

Investment Team

Mark Wisniewski

Partner, Senior Portfolio Manager

Mark Wisniewski

Partner, Senior Portfolio Manager

Mark Wisniewski is Partner and Senior Portfolio Manager at Ninepoint Partners and oversees the firm’s Fixed Income team and investment strategies. Prior to Ninepoint’s formation, Mark was with Sprott Asset Management (SAM) from 2015, rounding out more than 30 years of investment industry experience, specializing in fixed income. Prior to SAM, Mark was a Portfolio Manager specializing in alternative credit products at GluskinSheff & Associates, where he managed $1.3 billion across several...
View Full Bio
Etienne Bordeleau-Labrecque, MBA, CFA

Vice President, Portfolio Manager

Etienne Bordeleau-Labrecque, MBA, CFA

Vice President, Portfolio Manager

Etienne Bordeleau-Labrecque is Vice President, Portfolio Manager at Ninepoint Partners. With over 10 years of expertise across equities, interest rates and credit, he now focuses primarily on the firm’s Fixed Income franchise. Prior to Ninepoint’s formation, Etienne was with Sprott Asset Management (SAM) from 2012, where he worked as an Analyst and Associate Portfolio Manager, covering North American equities in the financial, energy, utility and health care sectors. From 2008 to 2011, Étienn...
Twitter (X) View Full Bio
Nick Warwick, MBA, CFA

Associate Portfolio Manager

Nick Warwick, MBA, CFA

Associate Portfolio Manager

Nick Warwick is an Associate Portfolio Manager at Ninepoint Partners. Prior to Ninepoint, Nick was with TD Asset Management as a credit analyst covering the global oil & gas and non-North American financials sector. Past sector coverage includes pipelines, utilities, and industrials. Prior to his time at TD Asset Management, Nick worked for TD Securities on a foreign exchange sales desk in addition to a fixed income sales desk. Nick holds a Bachelor of Arts Degree from Queen's University...
View Full Bio

Performance

Compound Returns

As at 10/31/2024 (Series F) NPP119

Compound Returns
MTD %	YTD %	1Y %	3Y %	5Y %	10Y %	Inception %^†
0.22 As at 11/21/2024	4.17	5.08	3.89	2.68	2.11	2.07

^†Inception Date: August 5, 2010

Monthly Returns (%)

As at 10/31/2024 (Series F) NPP119

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2024	0.49	0.40	0.42	0.45	0.44	0.39	0.44	0.36	0.36	0.35			4.18
2023	0.40	0.37	0.41	0.36	0.43	0.40	0.44	0.45	0.43	0.47	0.44	0.42	5.14
2022	0.05	0.05	0.07	0.07	0.14	0.15	0.19	0.26	0.28	0.31	0.34	0.37	2.28
2021	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.60
2020	0.18	0.16	0.12	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.91
2019	0.19	0.08	0.14	0.18	0.18	0.16	0.19	0.17	0.18	0.18	0.17	0.18	2.00
2018	0.61	0.26	-0.01	-0.00	0.05	0.03	-0.02	0.09	-0.05	0.01	0.10	0.21	1.27
2017	0.30	0.42	0.12	0.45	0.06	-0.95	-0.39	0.35	-0.38	0.52	0.21	-0.06	0.63
2016	0.24	-0.10	0.44	0.13	0.26	0.41	0.23	0.12	0.26	0.06	-0.47	-0.12	1.46
2015	2.05	0.04	-0.10	-0.41	0.35	0.03	0.19	-0.26	-0.35	0.07	0.02	0.37	1.99
2014	0.57	0.13	0.05	0.23	0.32	0.06	0.14	0.24	-0.15	0.21	0.59	0.11	2.54
2013	0.07	0.52	0.15	0.31	-0.31	-0.40	0.31	-0.07	0.25	0.43	0.15	0.02	1.42
2012	0.27	-0.03	0.03	-0.16	0.73	0.14	0.17	0.14	0.41	0.13	0.21	-0.05	2.02
2011	0.30	0.04	0.10	0.38	0.52	0.21	0.38	0.23	0.31	-0.06	0.08	0.23	2.75
2010								0.18	0.09	0.21	-0.22	0.23	0.49

Distribution Yields

(Series F) NPP119

Distributions Per Unit	Annualized Distribution Yield	12 Month Trailing Yield	Distribution Frequency	Record Date
$0.03510	4.21%	5.00%	Monthly	10/30/2024

Growth of $10,000 Invested

As at 10/31/2024 (Series F) NPP119

Risk Tolerance

Low
Low - Med
Medium
Med - High
High

Portfolio

As at 10/31/2024

Portfolio Characteristics

As at 10/31/2024 (Series F) NPP119

7-Day Yield^‡	Portfolio Yield	Weighted Avg Days to Maturity	Avg Credit Rating
3.82% As at 11/21/2024	3.85%	94	A+
^‡ This is an annualized historical yield based on the seven day period ended on 11/21/2024 and does not represent an actual one year return.

Sector Allocation

Sector Allocation
Sector	Weight %
Schedule 1 Bank High Interest Savings Account	39.77
Short Term Corporate Bonds	36.33
Commercial Paper	16.63
Short Term Federal Government	7.18
Cash and Cash Equivalents	0.09

Top Ten Holdings

Issuer Name
Bank Of Montreal 09/18/2025
Bank Of Montreal 4.6764% 07/30/2025
Canada (Government Of) 1.25% 03/01/2025
Enbridge Gas Inc 11/19/2024
Enbridge Pipelines Inc 11/18/2024
Enbridge Pipelines Inc 11/25/2024
National Bank Of Canada 4.56373% 01/24/2025
Royal Bank Of Canada 3.369% 09/29/2025
Royal Bank Of Canada 5.30699% 03/21/2025
Toronto-Dominion Bank/The

Facts, Fees & Fund Codes

Facts
Facts
Fund Type	Canadian Money Market
Inception Date	August 5, 2010
Registered Tax Plan Status	Eligible
Distributions	Monthly^††
Performance Fee	-
Minimum Initial Investment	$500
Minimum Subsequent Investment	$25
Minimum Investment Term	No minimum investment term
Redemptions	Daily
Valuations	Daily
CUSIP	NSAV: 65443X105 (Cboe)

Fees
Fees
Management Fee	Series A: 0.39% Series F: 0.14% Series ETF: 0.14%

Fund Codes
Ticker & Fund Codes
Series A	NPP019
Series ETF ^*	NSAV
Series F	NPP119
*Exchange: Cboe Canada Exchange

Documents

Effective September 3, 2024, Ninepoint High Interest Savings Fund changed its name to Ninepoint Cash Management Fund; and changed its investment strategies to follow the legal requirements for money market funds with respect to quality, liquidity and maturity of investments; and permitted the Fund to engage in securities lending as permitted by securities regulations. Effective March 4, 2019 the Ninepoint Short Term Bond Fund’s name was changed to the Ninepoint High Interest Savings Fund, and also changed its investment objective. Effective August 3, 2023 the Fund’s strategy was changed to include the option to invest in high-quality money market securities. The above is the performance for the Ninepoint Short Term Bond Fund up to March 4, 2019, the Ninepoint High Interest Savings Fund from March 8, 2019 to August 2, 2023 and that of the new strategy for the Ninepoint High Interest Savings Fund to September 2, 2024. All performance after September 3, 2024 is that of the Ninepoint Cash Management Fund.

All returns and fund details are a) based on Series F shares; b) net of fees; c) annualized if period is greater than one year; d) as at 10/31/2024. Top ten holdings and sector allocation as at 10/31/2024. Top ten holdings based on % of net asset value. Sector allocation based on % of net asset value. Numbers may not add up due to rounding. Cash and cash equivalents include non-portfolio assets and/or liabilities.

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 monthly distribution amount may be adjusted by the Manager without notice throughout the year as market conditions change. Monthly distributions will be comprised of net income, net realized capital gains and/or return of capital. Any net income and/or net realized capital gains earned by the Fund in excess of the monthly distribution will be distributed to unitholders annually in December.

The Fund is generally exposed to the following risks: Concentration risk; Credit risk; Cybersecurity risk; Inflation risk; Interest rate risk; Market risk; Money market fund risk; Series risk; Specific issuer risk; Substantial securityholder risk; Tax risk. Additional risks associated with an investment in ETF Series securities of this Fund include: Absence of an active market for ETF Series risk; Halted trading of ETF Series risk; Trading price of ETF Series risk.

Ninepoint Partners LP is the investment manager to a number of funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The indicated rates of return for series F units of the Funds for the period ended 10/31/2024 are based on the historical annual compounded total returns including changes in unit value and reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds.

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