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The investment objective of Ninepoint Core Bond Fund is to seek to provide unitholders with income and long term capital appreciation through an actively managed portfolio consisting primarily of corporate investment grade and high yield securities, and government bonds.
For illustrative purposes only.
Active Bond Strategies like Ninepoint Core Bond Fund are Better Equipped to:
1) Perform when interest rates are rising - Fixed income funds with long duration are more sensitive to interest rate moves and so, actively managing portfolio duration can help reduce risk and improve performance.
2) Avoid holdings overlap – Fund-of-fund products may be comprised of thousands of fixed income securities, increasing the potential for duplicate holdings and leaving investors overdiversified and overexposed to some securities and sectors.
3) Take advantage of market conditions by tactically shifting portfolio allocation. For example, if the yield curve flattens and interest rates start to rise, an actively managed fund can move holdings from government and high yield bonds to investment grade bonds, which tend to outperform in conditions where the economy is still growing.
Unlike an index/ETF, the manager uses an asset allocation framework that adjusts the portfolio to reflect macroeconomic conditions.
Slope of the Yield Curve (10-year Treasury Note to 3-Month Treasury Bill Spread) - Canada
Depending on market conditions, the portfolio duration and allocations can be adjusted to better manage risk for the investor:
|Fund Type||North American Fixed Income|
|Inception Date||July 30, 2018|
|Registered Tax Plan Status||Eligible|
|Management Fee||Series AS: 1.15%
Series FS: 0.65%*
|Minimum Initial Investment||$1,000|
|Minimum Subsequent Investment||$25|
|Minimum Investment Term||20 days (1.5% penalty)|
*Series FS units are lower management fee versions of Series F units of the Fund and are available to all investors until the earlier of March 31, 2019 and the date the Fund has assets under management equal to or greater than $100 million, at which time Series FS will be closed to new purchases.