Ninepoint Global Macro Fund - Series F1

Ninepoint Global Macro Fund

Formerly FX Strategy Fund

NPP759

Overview

The Ninepoint Global Macro Fund (formerly FX Strategy Fund) offers a dynamic approach to FX investing by utilizing a systematic, quantitative approach to trading future global currency movements. It aims to offer investors equity-like returns with a low correlation to traditional public markets through a long/short strategy that adapts daily based on performance analytics.

Trade on Global Trends

A highly liquid way to take advantage of global macroeconomic and financial trends.
True Diversifier

Historically, similar strategies have exhibited a low correlation to other major assets classes.
Systematic

Statistical, model-based approach that combines new and historical data to predict future currency movements.
Adaptive

Actual returns are compared to forecast returns at the end of each trading day to determine, for the next day, the appropriate weight of each factor used in the model.

Fund Objective

The investment objective of Ninepoint Global Macro Fund (formerly 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-Adviser 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 will use derivatives, which may introduce leverage into the Fund. The Fund may also borrow cash and sell securities short. The Fund’s maximum aggregate exposure to short selling, cash borrowing and derivatives used for leverage must not exceed 300% of the Fund’s net asset value, calculated on a daily basis.

Investment Team

Ninepoint Partners Sub Advised by P/E Global

Ninepoint Partners Sub Advised by P/E Global

P/E Investments was founded in 1995 in Boston, Massachusetts by Warren Naphtal, J. Richard Zecher and Mary Stephens Naphtal. As of December 1, 2019, the firm managed approximately US$8.7 billion. P/E’s strategies leverage extensive experience in portfolio management, asset allocation, market analysis and risk management.
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Warren Naphtal

President & CIO, P/E Global - Sub-Advisor

Warren Naphtal

President & CIO, P/E Global - Sub-Advisor

Mr. Naphtal has served as President and Chief Investment Officer of P/E Investments, since cofounding the company in 1995. He has lead development of non-correlated alpha strategies, with a focus on global markets. Prior to P/E Investments, Mr. Naphtal served in various investment roles including Head of Derivative Strategies at Putnam Investments, Head of Risk Management at Continental Bank and an options trader at O’Connor & Associates. Mr. Naphtal earned a S.M. In management from The S...
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Performance

Compound Returns

As at 10/31/2024 (Series F1) NPP759

Compound Returns
MTD %	YTD %	1Y %	3Y %	5Y %	10Y %	Inception %^†
5.63 As at 11/22/2024	10.35	-4.51	9.54	-	-	4.69

^†Inception Date: August 6, 2020

Monthly Returns (%)

As at 10/31/2024 (Series F1) NPP759

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2024	7.11	4.00	0.87	3.59	-4.79	1.28	-0.37	-7.21	-3.57	10.28			10.35
2023	-4.76	9.24	-3.11	0.61	6.95	-2.99	-2.49	6.60	5.59	1.82	-8.49	-5.43	1.75
2022	4.72	-2.83	-0.98	11.65	-3.38	5.99	1.81	4.29	6.94	0.23	-10.23	-5.79	10.87
2021	0.83	-1.92	5.71	-6.32	-2.96	8.05	1.98	0.85	4.52	-3.76	8.58	-2.76	12.17
2020								-5.04	6.17	1.94	-8.61	-7.43	-13.05

Growth of $100,000 Invested

As at 10/31/2024 (Series F1) NPP759

Risk Tolerance

Low
Low - Med
Medium
Med - High
High

Facts, Fees & Fund Codes

Facts
Facts
Fund Type	Alternative Strategy
Inception Date	April 8, 2020
Registered Tax Plan Status	Eligible
Distributions	Annually
Performance Fee	20% of excess over previous quarter High Water Mark
Minimum Initial Investment	$500
Minimum Subsequent Investment	$25
Minimum Investment Term	20 days (1.5% penalty)
Redemptions	Daily
Valuations	Daily

Fees
Fees
Management Fee	Series A1: 2.25% Series D: 1.75% Series F1: 1.75% Series QF: 1.55%

Fund Codes
Fund Codes
Series A ^*	NPP700
Series A1	NPP758
Series D	NPP760
Series F ^*	NPP701
Series F1	NPP759
Series QF	NPP702
*Closed to new purchases.

Education

Documents

All returns and fund details are a) based on Series F1 shares; b) net of fees; c) annualized if period is greater than one year; d) as at 10/31/2024.

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 Fund is generally exposed to the following 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-adviser risk; Substantial securityholder risk; Tax 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 F1 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