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.
|MTD†||YTD %†||1 YR %||3 YR %||5 YR %||10 YR %||Inception %††|
Actively managed exposure to asset classes that are less correlated to the public markets and which produce alternative income streams. Strategies are managed tactically, allowing the Fund to respond to different market opportunities.
No Early Redemption Fees. Ideal solution for Discretionary Managers who may need to rebalance their models.
Monthly redemptions with 30 days notice. Greater flexibility for asset allocators.
An ideal product for Discretionary Managers looking for solid diversification, alternative income, and the flexibility to better manage their allocations.
Private debt is a loan-by-loan business. Ninepoint supplements fund-level oversight with an in-house Due Diligence & Oversight Team that has over 15 years of experience in corporate lending and loan origination with firms such as Wells Fargo, GE Capital, and The Carlyle Group. Loans in the underlying funds are proactively monitored and reported on monthly to ensure compliance with loan covenants and strategy mandate.
Supporting our Oversight Team is BlackRock’s Aladdin, widely regarded as one of the most sophisticated investment management platforms in the world. Aladdin provides state-of-the-art risk management tools for our Oversight Team.
In 2010, Ninepoint Partners was the first fund manager in Canada to offer a Private Debt Fund for retail investors. The Preqin Global Private Debt Report states “manager experience with a fund strategy” should be the first consideration when selecting Private Debt funds.
|Fund Type||Open-ended unincorp. investment trust|
|Inception Date||September 30, 2016|
|Distributions||Monthly, net income of the Fund††
Target 5.0% per annum paid monthly†††
|Registered Tax Plan Status||Eligible|
|Management Fee‡||Class A Units: 2.0%
Class F Units: 1.0%
Class I Units: Fee determined by agreement between the Manager and Subscriber
|Performance Fee||Based on underlying Funds|
|Min. Initial Investment||$5,000 accredited
|Min. Subsequent Investment||$5,000|
Quarterly (30 days notice)
See Offering Memorandum for complete details
†† Series A, F
††† Series FT, T
‡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.
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.
For accredited investor requirements please consult a financial advisor or the Fund’s offering documents.
** All returns are converted to CAD. The index proxies for each category are: Bloomberg Barclays Canada Aggregate TR Index; S&P/TSX Composite TR; S&P 500 TR USD. Indexes are computed by Ninepoint Partners LP based on available index information.
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; not a public mutual fund; limited operating history for the fund; class risk; 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; illiquidity; possible effect of redemptions; redemptions in kind; distributions; liability of unitholders; potential indemnification obligations; lack of independent experts representing unitholders; no involvement of unaffiliated selling agent; public mutual fund regulatory restrictions; limited operating history for the portfolio funds; charges to the portfolio fund; not entitled to participate in management; dependence of sub-advisor on key personnel; reliance on subadvisor; distributions and allocations; repayment of certain distributions; possible loss of limited liability; valuation of the partnership’s investments; tax liability; general economic and market conditions; assessment of the market; concentration; foreign investment risk; illiquidity of underlying investments; credit risk; impaired loans; no insurance; joint ventures and co-investments; litigation; fixed income securities; equity securities; possible correlation with traditional investments; idle cash; currency risk; suspension of trading; leverage.
The Ninepoint Alternative Income Fund is offered on a private placement basis pursuant to an offering memorandum and is 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.