Ninepoint Diversified Bond Fund - Series A

Ninepoint Diversified Bond Fund

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NPP018
Ninepoint Diversified Bond Fund

Overview

  • Focus on active risk management, low volatility and capital preservation. 

    Focus on active risk management, low volatility and capital preservation. 

  • Flexibility to invest across the capital structure, with an emphasis on North American firms.

    Flexibility to invest across the capital structure, with an emphasis on North American firms.

  • Experienced management team with proven track record.

    Experienced management team with proven track record.

Fund Objective

The Fund’s investment objectives are to maximize the total return of the Fund and to provide income by investing primarily in debt and debt-like securities of corporate and government issuers from around the world.

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...
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  • 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...
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  • 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...
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Performance

Compound Returns

As at 11/29/2024 (Series A) NPP018
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %†
0.03
As at 12/2/2024 		6.62 10.40 0.10 0.69 1.77 2.59
†Inception Date: August 6, 2010

Monthly Returns (%)

As at 10/31/2024 (Series A) NPP018
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024 -0.35 0.38 0.80 -1.66 1.13 1.03 1.94 0.52 1.82 0.08 5.79
2023 2.13 -0.46 -0.14 0.48 -0.70 -0.02 -0.29 0.01 -1.77 -0.56 2.67 3.55 4.87
2022 -1.69 -1.30 -1.97 -2.24 -0.94 -1.70 1.35 -1.09 -1.35 -0.96 0.78 -0.35 -10.95
2021 -0.29 -1.01 -0.38 0.32 0.35 0.22 0.73 0.04 -0.53 -1.00 0.08 0.74 -0.75
2020 1.22 0.91 -2.02 1.32 0.67 1.59 1.31 -0.30 0.25 -0.40 0.75 0.16 5.54
2019 0.69 0.42 0.64 0.22 0.77 0.33 0.19 1.81 -0.78 -0.36 0.02 -0.77 3.20
2018 0.23 0.02 -0.22 0.00 -0.13 -0.01 0.16 0.24 -0.18 -0.47 -0.48 0.17 -0.67
2017 0.40 0.86 0.20 1.70 0.35 -0.73 0.23 0.18 0.11 1.01 -0.08 0.02 4.30
2016 -0.05 -0.47 1.31 0.77 0.27 -0.01 1.32 1.05 -0.03 0.37 -0.39 0.86 5.10
2015 3.65 -0.11 0.11 -0.35 1.02 -0.79 1.20 -0.88 -0.55 0.65 -0.56 -1.53 1.78
2014 1.15 1.45 0.11 0.39 0.73 0.15 -0.44 0.34 -1.28 0.19 0.62 -0.12 3.33
2013 0.72 0.73 0.41 1.65 -1.23 -2.52 0.43 -0.46 0.38 1.87 0.26 0.71 2.93
2012 2.82 2.22 -0.10 0.00 0.14 -0.23 1.20 0.78 1.34 0.84 0.57 0.78 10.82
2011 1.70 1.07 0.77 1.23 0.40 -0.90 0.78 -3.50 -0.78 0.11 -1.76 0.76 -0.25
2010 0.41 1.33 1.69 -1.12 0.55 2.87

Distribution Yields

(Series A) NPP018
Distributions Per Unit Annualized Distribution Yield 12 Month Trailing Yield Distribution Frequency Record Date
$0.02080 2.50% 2.52% Monthly 10/31/2024

Growth of $10,000 Invested

As at 10/31/2024 (Series A) NPP018

Risk Tolerance

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

Portfolio

As at 10/31/2024

Sector Allocation

Sector Weight %
Investment Grade 82.76
Government Related 12.60
High Yield 8.95
Cash and Equivalents 3.27
Derivatives -0.02
Equities -7.56

Geographic Allocation

Sector Weight %
Canada 77.89
United States 11.16
Germany 3.36
Japan 2.85
United Kingdom 2.79
Korea, Republic of 1.65

Top Ten Holdings

Issuer Name
Barclays Plc 2.166% 06/23/2027
Canada (Government Of) 1.75% 12/01/2053
Enbridge Inc 5.375% 09/27/2077
Fairfax India Holdings Corp 5% 02/26/2028
Intact Financial Corp 4.125% 03/31/2081
Mcap Commercial Lp 3.743% 08/25/2025
Royal Bank Of Canada 4.829% 08/08/2034
Transcanada Trust 4.65% 05/18/2077
United States Treasury 3.875% 08/15/2034
Wells Fargo & Company 2.568% 05/01/2026

Statistical Analysis

As at 10/31/2024 (Series A) NPP018
Statistics Fund
Cumulative Return 43.14%
Sharpe Ratio -0.29
Standard Deviation 3.65%
Total Positive Months 106
Total Down Months 64
Growth of 10K $14,313.99

Facts, Fees & Fund Codes

Facts
Fund Type
Global Fixed Income Fund
Inception Date
August 5, 2010
Registered Tax Plan Status
Eligible
Distributions
Target 4.0% per annum paid monthly††
Performance Fee
-
Minimum Initial Investment
$500 
Minimum Subsequent Investment
$25 
Minimum Investment Term
20 days (1.5 % penalty)
Redemptions
Daily
Valuations
Daily
CUSIP
NBND: 65443H100 (Cboe)
†† Series T, FT, PT, PFT, QT, QFT
Fees
Management Fee
Series A: 1.65%
Series D: 0.75%
Series ETF: 0.75%
Series F: 0.75%
Series FT: 0.75%
Series P: 1.55%
Series PF: 0.65%
Series PFT: 0.65%
Series PT: 1.55%
Series Q: 1.45%
Series QF: 0.55%
Series QFT: 0.55%
Series QT: 1.45%
Series T: 1.65%
Ticker & Fund Codes
Series A NPP018
Series D NPP621
Series ETF * NBND
Series F NPP118
Series FT NPP619
Series P (FE) NPP327
Series PF NPP329
Series PFT NPP330
Series PT (FE) NPP328
Series Q (FE) NPP331
Series QF NPP333
Series QFT NPP334
Series QT (FE) NPP332
Series T NPP418
*Exchange: Cboe Canada Exchange

Documents

All Funds
  • NPP931
    (Series F)
    Exchange Traded Funds Liquid Alternatives Fixed Income
    $8.71 $0.00 (0.03%)
    As at 12/2/2024
    Growth of $10,000 Invested as at 11/29/2024
    Performance as at 11/29/2024
    1 Year
    12.50%
    3 Year
    2.47%
    5 Year
    -
    10 Year
    -
    Incept.1
    2.33%
    1 Inception Date 5/12/2021
    Go To 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, sector allocation and geographic allocation as at 10/31/2024. Top ten holdings based on % of net asset value. Sector allocation based on % of net asset value. Geographic allocation based on % of net asset value and excludes cash. 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: borrowing risk; collateral risk; concentration risk; credit risk; currency risk; cybersecurity risk; derivatives risk; foreign investment risk; inflation risk; interest rate risk; leverage risk; liquidity risk; market risk; performance fee risk; securities lending, repurchase and reverse repurchase transactions risk; series risk; short selling risk; small company 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

     

  • NPP507
    (Series F)
    Hedge Funds & LPs Fixed Income
    $8.91 $0.01 ()
    As at 10/31/2024
    Growth of $10,000 Invested as at 10/31/2024
    Performance as at 10/31/2024
    1 Year
    13.57%
    3 Year
    2.93%
    5 Year
    5.84%
    10 Year
    -
    Incept.1
    4.97%
    1 Inception Date 7/1/2015
    Go To Fund

    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 10/31/2024. Portfolio allocation includes allocation made with pending subscriptions. Top ten holdings as at 10/31/2024. Top ten holdings based on % of net asset value. 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 monthly distribution on the Class B Units, the Class F Units and the Class I Units, to holders of such Units, out of the net income of the Fund. The amount 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. Purchasers should not confuse these distributions with the Fund’s rate of return or yield. The distributions on the Class B Units, the Class F Units and the Class I Units are not guaranteed.

    The Ninepoint Credit Income Opportunities Fund is generally exposed to the following risks. See the offering memorandum of the Fund for a description of these risks: General Economic and Market Conditions; Inflation and Supply Chain Risk; Disease and Epidemics; Risks Related to the Russian Invasion of Ukraine; Assessment of the Market; Not a Public Mutual Fund; Class Risk; Charges to the Fund; Changes in Investment Objective, Strategies and Restrictions; Unitholders not Entitled to Participate in Management; Dependence of the Manager on Key Personnel; Reliance on the Manager; Resale Restrictions; Illiquidity; Possible Effect of Redemptions; Liability of Unitholders; Potential Indemnification Obligations; Lack of Independent Experts Representing Unitholders; No Involvement of Unaffiliated Selling Agent; Valuation of the Fund’s Investments; Concentration; Foreign Investment Risk; Illiquidity of Underlying Investments; Part X.2 Tax; Litigation; Fixed Income Securities; Equity Securities; Idle Cash; Currency Risk; Suspension of Trading; Investment Risk Level.

    The Ninepoint Credit Income Opportunities 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

  • NPP5002
    (Series F)
    Mutual Funds Exchange Traded Funds Equity
    $9.95 $0.01 (0.07%)
    As at 12/2/2024
    Growth of $10,000 Invested as at 11/29/2024
    Performance as at 11/29/2024
    1 Year
    5.45%
    3 Year
    -
    5 Year
    -
    10 Year
    -
    Incept.1
    5.95%
    1 Inception Date 8/2/2022
    Go To 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, e) 2022 annual returns are from 08/02/22 to 12/31/22. Top ten holdings, sector allocation and geographic 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: capital depletion risk; concentration risk; currency risk; cybersecurity risk; derivatives risk; foreign investment risk; inflation risk; interest rate risk; liquidity risk; market risk; securities lending, repurchase and reverse repurchase transactions risk; series risk; short selling 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

All returns and fund details are a) based on Series A shares; b) net of fees; c) annualized if period is greater than one year; d) as at 10/31/2024. Top ten holdings, sector allocation and geographic allocation as at 10/31/2024. Top ten holdings based on % of net asset value. Sector allocation based on % of net asset value. Geographic allocation based on % of net asset value and excludes cash. 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: borrowing risk; capital depletion risk (Series T, Series FT, Series PT, Series PFT, Series QT, and Series QFT units only); concentration risk; credit risk; currency risk; cybersecurity risk; derivatives risk; exchange traded funds risk; foreign investment risk; inflation risk; interest rate risk; liquidity risk; market risk; regulatory risk; securities lending, repurchase and reverse repurchase transactions risk; series risk; short selling 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 A 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.

© 2024 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) and is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Morningstar Ranking/Number of Funds in Category displays the Fund’s actual rank within its Morningstar Category based on average annual total return and number of funds in that Category. The ranking is subject to change every month.

The Morningstar Risk Adjusted Return (MRARs), commonly referred to as the Star Rating, relate the risk-adjusted performance of a fund to its peers with the same CIFSC Fund category for the period ended as noted and are subject to change monthly. Morningstar calculates ratings for categories with at least 5 funds. To determine a fund’s rating, the fund and its peer are ranked by their MRARs. If a fund scores in the top 10% of its category, it receives five stars (High); if it falls in the next 22.5% , it receives four stars (Above Average); the next 35% earns a fund three stars(Neutral or Average); those in the next 22.5% received two stars (Below Average); and the lowest 10% received one star (Low). The overall rating is a weighted combination of the 3, 5 and 10 year ratings. For greater detail, see morningstar.ca.

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