Ninepoint High Interest Savings Fund - Series F

Ninepoint High Interest Savings Fund

NPP119
Ninepoint High Interest Savings Fund

Overview

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. 

  • No term commitments

    No term commitments

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

  • Daily liquidity 

    Daily liquidity 

    Easy access to cash

  • Now available as an ETF

    Now available as an ETF

    Easier to incorporate into your portfolio model and bulk trade

  • A better alternative for cash balances

    A better alternative for cash balances

    The Fund invests in high interest savings accounts at Schedule 1 Canadian Banks, and/or high-quality money market securities

  • No management fee on Series F

    No management fee on Series F

    0% management fee on Series F & ETF Series and 0.25% management fees on Series A^ until the earlier of June 30, 2024 or the Fund’s net asset value (NAV) exceeding $1 billion.^

^ Management fee, as described, is reduced until the earlier of June 30, 2024 or the Fund’s net asset value (NAV) exceeding $1 billion. Ninepoint Partners will temporarily waive NSAV’s 0.14% management fee for Series F to 0.00%. The Series A management fee has been reduced from 0.39% to 0.25% under the same terms. Class A management fee has been reduced to 0.25% and is fully paid out as trailing commission to the firm of your advising representative. The trailing commission is an ongoing commission. It is paid for as long as you own the Fund. It is for the services and/or advice that your representative and his or her firm provide to you.

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. You may not get back the amount of money you invest. 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.

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 5/31/2024 (Series F) NPP119
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %†
0.39
As at 6/28/2024 		2.22 5.38 3.32 2.47 1.97 2.00
†Inception Date: August 5, 2010

Distribution Yields

(Series F) NPP119
Distributions Per Unit Annualized Distribution Yield 12 Month Trailing Yield Distribution Frequency Record Date
$0.03990 4.90% 5.01% Monthly 5/31/2024

Growth of $10,000 Invested

As at 5/31/2024 (Series F) NPP119

Risk Tolerance

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

Portfolio

As at 5/31/2024

Portfolio Characteristics

Portfolio Yield Weighted Avg Days to Maturity Avg Credit Rating
5.15% 34 A+

Sector Allocation

Sector Weight %
Schedule 1 Bank High Interest Savings Account 40.70
Short Term Corporate Bonds 37.58
Commercial Paper 20.62
ABS 1.05
Cash and Cash Equivalents 0.04

Top Ten Holdings

Issuer Name
Bank Of Nova Scotia 2.49% 09/23/2024
Bruce Power Lp 3% 06/21/2024
Canadian Imperial Bank Of Commerce 2.35% 08/28/2024
Canadian Imperial Bank Of Commerce 2.95% 06/19/2029
Federation Des Caisses Desjardins Du Quebec 2.417% 10/04/2024
Honda Canada Finance Inc 5.495% 09/27/2024
National Bank Of Canada 08/02/2024
Royal Bank Of Canada 2.352% 07/02/2024
Toronto-Dominion Bank/The
Vw Credit Canada Inc 06/11/2024

Facts, Fees & Fund Codes

Facts
Fund Type
High Interest Savings Fund
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
Management Fee
Series A: 0.25%*
Series F: 0%*
Series ETF: 0%*
* Series A/F/ETF units are lower management fee versions of the Fund and are available to all investors until the earlier of June 30, 2024 or the date the Fund has assets under management equal to or greater than $1 billion.
Ticker & Fund Codes
Series A NPP019
Series ETF * NSAV
Series F NPP119
*Exchange: Cboe Canada Exchange

Documents

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 after that date.

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 4/30/2024. Top ten holdings and sector allocation as at 4/30/2024. 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: Borrowing risk; Credit risk; Cybersecurity risk; Inflation risk; Interest rate risk; Leverage risk; Market risk; Series 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 4/30/2024 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