The investment objective of Ninepoint FX Strategy Fund is to generate long term total returns by investing globally in FX futures on a long/short basis. To achieve the investment objective, the Sub-Advisor will utilize several investment trading methodologies collectively known as the “FX Strategy”, at the standard level of risk to invest in foreign currency futures utilizing a Bayesian statistical model to identify current drivers of currency returns. The fund may also have exposure to gold through investment in future contracts.
|MTD†||YTD %†||1 YR %||3 YR %||5 YR %||10 YR %||Inception %††|
Ninepoint FX Strategy Fund
|Series A 1||NPP700|
|Series F 1||NPP701|
1 Closed to new buys
|Fund Type||Alternative Strategy|
|Inception Date||April 8, 2020|
|Registered Tax Plan Status||Eligible|
|Management Fee*||Series A: 2.05%
Series F: 1.55%
|Performance Fee||See Simplified Prospectus|
|Minimum Initial Investment||$500|
|Minimum Subsequent Investment||$25|
|Minimum Investment Term||20 days (1.5% penalty)|
*As of July 31, 2020 the Fund closed Series A and Series F and started to offer Series A1 units and Series F1 units with 2.25% and 1.75% annual management fees, respectively.
As at August 31, 2023. All returns and fund details are a) based on Series F1 units; b) net of fees; c) annualized if period is greater than one year.
The Ninepoint FX Strategy Fund is generally exposed to the following risks. See the simplified prospectus of the Fund for a description of these risks: Borrowing Risk; Collateral Risk; Commodity Risk; Concentration Risk; Currency Risk; Cybersecurity Risk; Derivatives Risk; Foreign Investment Risk; Inflation Risk; Interest Rate Risk; Leverage Risk; Market Risk; Performance Fee Risk; Series Risk; Short Selling Risk; Specific Issuer Risk; Sub-Securityholder Risk; Tax Risk.
Ninepoint Partners LP is the investment manager to the Ninepoint 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 rate of return for Series F1 units of the Fund for the period ended August 31, 2023 is based on the historical annual compounded total return including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 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.