*The interest rate on the underlying investments of the fund is effective as at June 2, 2022 and is subject to change. The interest rate does not represent your individual return as the fund is subject to Management Fees on Series F of 0.14% and on Series A of 0.39%. The Manager currently absorbs all other expenses.
The fund’s objective 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 by Schedule 1 Canadian Banks.
Effective March 7, 2019 the Ninepoint Short Term Bond Fund's name was changed to the Ninepoint High Interest Savings Fund, as was its investment objective. The following is the performance for the Ninepoint Short Term Bond Fund up to March 7, 2019 and that of Ninepoint High Interest Savings Fund after that date:
|MTD†||YTD %†||1 YR %||3 YR %||5 YR %||10 YR %||Inception %††|
The Ninepoint High Interest Savings Fund is a high-quality, short-term vehicle for investors who want to earn a better rate of return on their idle cash.
* The interest rate of 2.0% for the Ninepoint High Interest Savings Fund (Series F) represents the rate negotiated by the Fund for its investments in High Interest Savings Accounts at Schedule 1 Canadian Banks. It does not represent your individual return as your investment in the Fund (Series F units) is subject to Management Fees of 0.14% and operating expenses of the Fund.
|Fund Type||High Interest Savings Fund|
|Inception Date||August 5, 2010|
|Distributions||Monthly and annually in December (if any)|
|Registered Tax Plan Status||Eligible|
|Management Fee||Series A: 0.39%
Series F: 0.14%
Series ETF: 0.14%
|Minimum Initial Investment||$500|
|Minimum Subsequent Investment||$25|
|Minimum Investment Term||No minimum investment term|
All returns and fund details are a) based on F; b) net of fees; c) annualized if period is greater than one year; d) as at May 31, 2022.
The Fund is generally exposed to the following risks. See the prospectus of the Fund for a description of these risks: Credit risk; Cybersecurity risk; Inflation risk; Interest rate risk; Series risk; Substantial security holder 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 Class A shares of the Fund for the period ended May 31, 2022 is based on the historical annual compounded total return including changes in share 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.
Ninepoint Partners LP: Toll Free: 1.866.299.9906. DEALER SERVICES: CIBC Mellon GSSC Record Keeping Services: Toll Free: 1.877.358.0540