Ninepoint Alternative Income Fund - Series F

Overview

  • Multi-strategy Approach

    Multi-strategy Approach

    Access to complementary alternative credit strategies with enhanced liquidity by utilizing laddered duration and diversified through geography, asset class, industry and duration.

  • No Additional Fees

    No Additional Fees

    One layer of fees charged to the investor unlike traditional fund-of-funds managers.

  • Senior Secured

    Senior Secured

    Strategies are primarily senior secured and first lien credit with conservative loan-to-value ratios.

  • Access to Best-In-Class Managers

    Access to Best-In-Class Managers

    Industry veterans with workout and restructuring experience and have managed their respective strategy through multiple business cycles

  • Dynamic Asset Allocation

    Dynamic Asset Allocation

    Strategically adjust exposure to select strategies based on market conditions, funding requirements and liquidity with monthly rebalancing.

Fund Objective

The investment objective of the Fund is to seek to provide investors with exposure to alternative strategies that generate superior income and long term capital growth.

Investment Team

  • Ninepoint Partners
    Ninepoint Partners
    Ninepoint Partners manages unique alternative investment solutions that offer investors the benefits of better diversification. We target investment strategies that are uncorrelated from traditional asset classes, such as equities and bonds, with the goal of lowering overall portfolio risk. As a team, we have a long track-record of managing alternative income, real asset and alternative core strategies. Innovative thinking, and our ability to apply it to real-world solutions, is what defines...
    View Full Bio

Performance

Compound Returns

As at 8/31/2024 (Series F) NPP631
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
-
As at 8/31/2024
0.74 -0.48 2.78 4.65 - 5.28
Inception Date: September 30, 2016

Monthly Returns (%)

As at 9/30/2024 (Series F) NPP631
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024 0.44 0.38 0.48 -0.42 0.40 -1.03 0.61 -0.10 0.74
2023 1.03 0.58 0.04 0.53 0.43 -0.49 0.79 0.58 -0.17 0.56 0.48 -2.07 2.29
2022 0.23 0.28 0.29 0.29 0.17 -0.36 0.26 0.51 -0.00 0.43 0.51 0.25 2.89
2021 0.83 0.79 1.79 0.27 0.81 0.10 0.41 0.65 1.34 0.45 0.40 0.21 8.34
2020 0.59 -0.03 -2.56 0.86 0.80 1.85 0.80 0.85 0.94 0.56 0.71 1.24 6.75
2019 0.53 0.50 0.51 0.67 0.61 0.14 0.33 0.32 0.74 0.62 0.42 0.58 6.13
2018 0.97 0.45 0.75 0.50 0.31 0.41 0.61 1.21 0.48 0.52 0.16 0.08 6.62
2017 0.56 0.49 0.51 0.61 0.48 0.50 0.52 0.61 0.60 0.88 0.44 0.50 6.91
2016 0.51 0.49 0.73 1.74

Distribution Yields

(Series F) NPP631
Distributions Per Unit Annualized Distribution Yield 12 Month Trailing Yield Distribution Frequency Record Date
$0.02369 2.91% 5.28% Monthly 8/30/2024

Growth of $100,000 Invested

As at 9/30/2024 (Series F) NPP631

Risk Tolerance

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

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Open-ended unincorp. investment trust
Inception Date
9/30/2016
Registered Tax Plan Status
Eligible
Distributions
Monthly, net income of the Fund††
Target 5.0% per annum paid monthly†††
To preserve liquidity for working capital in the Fund, all distributions processed on or after July 31, 2024 will be automatically reinvested in additional units of the Fund until further notice.
Performance Fee
Based on underlying Funds
Min. Initial Investment
$5,000 accredited
$150,000 non-accredited**
Min. Subsequent Investment
$5,000
Redemptions
Quarterly (30 days notice)^
Target Pay-out for 2024
The Manager believes that a target pay-out of approximately 10-12% of the Fund’s average NAV in a calendar year, if required, would allow for the manager to effectively execute on its investment strategy. Given a number of variables, the actual amount of redemptions paid out in 2024 could be greater or less than that range.
†† Series A, F ††† Series FT, T, **non-individual only
^There will be a limit on redemptions up to 5% of the NAV of the Fund for the previous quarter, applicable to any quarter where the sum of cash distributions and redemption requests exceed this limit, with cash distributions being paid first and redemption requests being satisfied pro rata up to the limit. Redemption requests in excess of the limit will be cancelled and may be resubmitted for payment on the following Redemption Date, unless a Unitholder requests to receive Redemption Notes for the cancelled portion of the redemption request. Please see OM for more details.
Fees
Fees
Management Fee
Class A Units: 2.0%
Class F Units: 1.0%
Class FT Units: 1.0%
Class T Units: 2.0%
Class I Units: Fee determined by agreement between the Manager and Subscriber
‡As the Fund invests in a portfolio of other investment funds with varied management fee rates, the resulting weighted management fee borne by the Fund is a combination of direct and indirect management fees. Direct management fees arise when the Fund invests in a non-management fee bearing class of another investment fund, and the value of such assets are included in the Fund’s own management fee calculation. Indirect management fees arise when the Fund invest in a management fee bearing class of another investment fund, and the value of such assets are excluded from a Fund’s own management fee calculation. The Fund will not pay a management fee to the Manager that to a reasonable person would duplicate a fee payable to the Manager, by a portfolio of funds for the same service.
Fund Codes
Fund Codes
Series A NPP630
Series F NPP631
Series FT NPP634
Series T NPP633

Documents

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 3/28/2024. Portfolio allocation includes allocation made with pending subscriptions. Sector allocation and geographic allocation estimated as at 3/28/2024. 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 A Units, the Class F Units, the Class I Units, the Class T Units and the Class FT 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.

The Ninepoint Alternative Income Fund is generally exposed to the following risks. See the offering memorandum of the Fund for a description of these risks: Fund of Funds Risk; Class Risk; Capital Depletion Risk; Financial Condition, Liquidity and Capital Resources; Inflation and Supply Chain Risk; Risks Related to the Novel Coronavirus Disease (COVID-19); Risks Related to the Russian Invasion of Ukraine; 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; Limited Ability to Liquidate Investment; Redemptions; Redemption Cap Subject to Manager Discretion; Redemptions in Kind; Valuation of the Fund’s Investments; No Ownership Interest in the Portfolio Funds; Distributions; Liability of Unitholders; Potential Indemnification Obligations; Lack of Independent Experts Representing Unitholders; No Involvement of Unaffiliated Selling Agent; Changes in Legislation; Not a Public Mutual Fund; Tax Considerations; Withholding Taxes; Mutual Fund Trust Status; Information Sharing Requirements and Withholding Tax Risk; Risks Associated with an Investment in the Portfolio Funds; Public Mutual Fund Regulatory Restrictions; Limited Operating History for the Portfolio Funds; Class Risk; Charges to the Portfolio Fund; Changes in Investment Objective, Strategies and Restrictions; Not Entitled to Participate in Management; Dependence of the Manager on Key Personnel; Reliance on the Manager; Dependence of Sub-Advisor on Key Personnel; Reliance on Sub-Advisor; Resale Restrictions; Liquidity of Portfolio Funds; Possible Effect of Redemptions; Distributions and Allocations; Repayment of Certain Distributions; Possible Loss of Limited Liability; Potential Indemnification Obligations; Valuation of the Portfolio Fund’s Investments; Lack of Independent Experts Representing Unitholders (Repetition); No Involvement of Unaffiliated Selling Agent (Repetition); Tax Liability; Risks Associated with the Portfolio Fund’s Underlying Investments.

The Ninepoint Alternative Income 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