Ninepoint Balanced+ Fund - Series A

Ninepoint Balanced+ Fund

formerly Ninepoint Capital Appreciation Fund

NPP1028

Daily NAV Change · As at 4/14/2026

$0.00 (-0.02%)
NAV · As at 4/14/2026

$11.57
Risk Tolerance

Low - Med
Annualized Yield

4.80%
Inception Date

2/28/2025

Disclaimer

Overview

A balanced fund that combines tactical asset allocation, specialist management, and diversified strategies across equities, fixed income, and alternatives to deliver a resilient, total-return solution for modern markets.

Active Allocations

Not another static model portfolio. The fund is actively managed and tactically rebalanced to adapt as markets change. Its dynamic, multilayered approach adjusts allocations across and within asset classes to capture opportunities and manage risk through market cycles.
Expert Access

Gain access to a team of specialist portfolio managers with deep expertise across equities, fixed income, real assets, and alternatives. Portfolio managers are supported by a proprietary risk and analytics platform designed to identify risks, stress test portfolios, and inform tactical allocation decisions.
Access to Unique Opportunities

Unlock access to a broader range of investments than traditional balanced funds. In addition to actively managed equities and fixed income, the portfolio includes real assets and liquid alternatives, expanding diversification, enhancing resilience, and providing new potential sources of return across different market environments.

Fund Objective

The investment objective of the fund is to seek to provide unitholders with long-term growth and capital preservation using a balanced investment approach. The Fund will primarily invest, both directly and indirectly, in a mix of equity and fixed income securities and mutual funds.

Investment Team

John Wilson, MBA

Co-CEO, Managing Partner, Senior Portfolio Manager

John Wilson, MBA

Co-CEO, Managing Partner, Senior Portfolio Manager

John Wilson is a founding principal, Co-CEO and Managing Partner of Ninepoint Partners. John oversees all aspects of the firm’s investment and research initiatives. Prior to Ninepoint’s formation, he was CEO, CO-CIO and Senior Portfolio Manager at Sprott Asset Management (SAM). Previous to SAM, he was Chief Investment Officer at Cumberland Private Wealth Management, founder and CEO of DDX Capital Partners, an alternative investment management firm; was Managing Director at RBC Capital Markets...
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Jeffrey Sayer, MBA, CFA

Vice President, Portfolio Manager

Jeffrey Sayer, MBA, CFA

Vice President, Portfolio Manager

Jeff Sayer is Vice President, Portfolio Manager at Ninepoint Partners. Jeff oversees Global Equity, Infrastructure, Tactical Balanced and Split Corp investment strategies for the firm. Prior to Ninepoint’s formation, Jeff was with Sprott Asset Management (SAM), rounding out more than 20 years of investment management experience. Jeff received his MBA from the Schulich School of Business at York University and was awarded his CFA designation in 2004.
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Karim Abdallah, CFA

Assistant Vice President, Portfolio Consulting Services

Karim Abdallah, CFA

Assistant Vice President, Portfolio Consulting Services

Prior to Ninepoint, Karim was an Investment Analyst at BlackRock Inc. where he led the data initiatives within the RBC iShares Alliance. He was also responsible in conducting market research and due diligence briefings to best support the product and sales teams. Karim graduated from the University of Toronto with a Bachelor of Applied Sciences in Mechanical Engineering, specializing in Mechatronics and Solids Mechanics Design. Karim is a CFA Charter holder (CFA).
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Max Barrow

Analyst

Max Barrow

Analyst

Max Barrow is an Analyst focused on Ninepoint Partner’s equity portfolios. He works directly with the Global Dividend, Global Infrastructure, Canadian Large Cap Leaders Split Corp., and Capital Appreciation Funds. Max joined the firm as an intern in April of 2023 and returned as a full-time Analyst in July of 2024. Prior to joining Ninepoint, he has had experience in the Private Wealth Management industry at CIBC Wood Gundy, servicing high net-worth households. Max holds a bachelor’s de...
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Series A Performance

Compound Returns

As at 3/31/2026 (Series A) NPP1028

Compound Returns
MTD %	YTD %	1Y %	3Y %	5Y %	10Y %	Inception %^†
2.61 As at 4/14/2026	5.46	17.41	-	-	-	18.78

^†Inception Date: February 28, 2025.

Distribution Yields

As at 3/31/2026 (Series A) NPP1028

Distributions Per Unit	Annualized Yield	12 Month Trailing Yield	Distribution Frequency	Record Date
$0.04510	4.80%	4.53%	Monthly	3/31/2026

Growth of $10,000 Invested

As at 3/31/2026 (Series A) NPP1028

Risk Tolerance

Low
Low - Med
Medium
Med - High
High

Portfolio

As at 3/31/2026

Sector Allocation - Equity Holding

Sector Allocation - Equity Holding
Sector	Weight %
Energy	26.05
Materials	17.49
Financials	12.16
Information Technology	8.38
Industrials	8.14
Utilities	7.37
Consumer Staples	6.58
Commodities	3.88
Communication	3.87
Health Care	2.49
Consumer Discretionary	1.84
Real Estate	1.75

Top Ten Direct Equities

Issuer Name
Alimentation Couche Tard Inc
Canadian Imperial Bank Of Commerce
Costco Wholesale Corp
Eli Lilly
Enbridge Inc
Loblaw Companies Ltd
Royal Bank Of Canada
Suncor Energy Inc
Toronto Dominion
Walmart Inc

Section Allocation - Fixed Income

Section Allocation - Fixed Income
Sector	Weight %
Investment Grade	71.36
High Yield	17.21
Asset Backed Securities	13.60
Emerging Markets	0.20
Loans	0.07
Derivatives	-0.34
Government Related	-2.09

Allocation - Asset Class

Allocation - Asset Class
Sector	Weight %
Ninepoint Diversified Bond Fund	20.25
Direct Equity	16.91
Ninepoint Energy Fund	14.97
Ninepoint Global Select Fund	12.37
Ninepoint Gold And Precious Minerals Fund	10.69
Ninepoint Global Infrastructure	10.14
Ninepoint Target Income	4.93
Canadian Large Cap Leaders Split Corp - Class A Shares	2.65
Ninepoint Gold Bullion	2.60
Ninepoint Alternative Credit Opportunities Fund	2.44
Cash and Cash Equivalents	2.06

Sector Allocation - Asset Type

Sector Allocation - Asset Type
Sector	Weight %
Equity	66.23
Fixed Income	26.52
Cash & Equivalents	7.25

Statistical Analysis

As at 3/31/2026 (Series A) NPP1028

Statistics	Fund
Cumulative Return	18.82%
Sharpe Ratio	1.76
Standard Deviation	7.84%
Total Positive Months	10
Total Down Months	3

Facts, Fees & Fund Codes

Facts
Facts
Fund Type	Tactical Balanced
Inception Date	March 6, 2024
Registered Tax Plan Status	Eligible
Distributions	5% NAV/unit per annum paid monthly^††
Performance Fee	-
Minimum Initial Investment	Non-ETF Series: $500 ETF Series: No minimum
Minimum Subsequent Investment	Non-ETF Series: $25 ETF Series: No minimum
Minimum Investment Term	Non-ETF Series: 20 days (1.5% penalty) ETF Series: No minimum
Redemptions	Daily
Valuations	Daily
CUSIP	65443K103
^††Series A, S, F, SF, P, PF, Q, QF, D

Fees
Fees
Management Fee	Series A: 1.95% Series D: 0.95% Series ETF: 0.95% Series F: 0.95% Series P: 1.85% Series PF: 0.85% Series Q: 1.75% Series QF: 0.75% Series S: 1.65% Series SF: 0.65%

Fund Codes
Ticker & Fund Codes
Series A	NPP1028
Series D	NPP1030
Series ETF ^**	NBAL
Series F	NPP1029
Series P	NPP1034
Series PF	NPP1035
Series Q	NPP1036
Series QF	NPP1037
Series S ^*	NPP1032
Series SF ^*	NPP1033
Closed to new purchases. *Exchange: Toronto Stock Exchange (TSX)

Education

Documents

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All returns and fund details are a) based on Series A shares; b) net of fees; c) annualized if period is greater than one year; d) as at 3/31/2026. Top ten holdings, sector allocation and geographic allocation as at 3/31/2026. Top ten holdings based on % of net asset value. Sector allocation based on % of net asset value. Geographic allocation based on % of net asset value and excludes cash. Numbers may not add up due to rounding. Cash and cash equivalents include non-portfolio assets and/or liabilities.

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 Ninepoint Balanced+ Fund is generally exposed to the following risks: Active management risk; Borrowing risk; Capital depletion risk; Collateral risk; Commodity risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Emerging markets risk; Energy risk; Exchange traded funds risk; Foreign investment risk; Income trust risk; Inflation risk; Interest rate risk; Leverage risk; Liquidity risk; Market risk; Performance fee risk; Regulatory risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Small company risk; Specific issuer 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 A units of the Funds for the period ended 3/31/2026 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 a 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