Ninepoint Diversified Bond Fund - Series F

Overview

  • Focus on active risk management, low volatility and capital preservation. 

    Focus on active risk management, low volatility and capital preservation. 

  • Flexibility to invest across the capital structure, with an emphasis on North American firms.

    Flexibility to invest across the capital structure, with an emphasis on North American firms.

  • Experienced management team with proven track record.

    Experienced management team with proven track record.

Fund Objective

The Fund’s investment objectives are to maximize the total return of the Fund and to provide income by investing primarily in debt and debt-like securities of corporate and government issuers from around the world.

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) NPP118
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
2.29
As at 6/14/2024
0.70 4.88 -1.08 0.71 2.09 3.16
Inception Date: August 6, 2010

Distribution Yields

(Series F) NPP118
Distributions Per Unit Annualized Distribution Yield 12 Month Trailing Yield Distribution Frequency Record Date
$0.02711 3.33% 3.40% Monthly 5/31/2024

Growth of $10,000 Invested

As at 5/31/2024 (Series F) NPP118

Risk Tolerance

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

Portfolio

As at 5/31/2024

Sector Allocation

Sector Allocation
Sector Weight %
Investment Grade 88.81
High Yield 9.11
Government Related 5.4
Cash and Equivalents 3.73
Securitized 2.68
Derivatives -2.33
Equities -7.39

Geographic Allocation

Geographic Allocation
Sector Weight %
Canada 100.61
United Kingdom 2.77
Australia 1.77
United States -5.15

Top Ten Holdings

Issuer Name
Canada (Government Of) 1.75% 12/01/2053
Fairfax India Holdings Corp 5% 02/26/2028
Transcanada Trust 4.65% 05/18/2077
Bank Of Montreal 1.928% 07/22/2031
Mcap Commercial Lp 3.743% 08/25/2025
Royal Bank Of Canada 5.096% 04/03/2034
Toronto-Dominion Bank/The 3.6% 10/31/2081
Enbridge Inc 5.375% 09/27/2077
Barclays Plc 2.166% 06/23/2027
Bank Of Nova Scotia 3.7% 07/27/2081

Statistical Analysis

As at 5/31/2024 (Series F) NPP118
Statistics Fund
Cumulative Return 53.69%
Growth of 10K $15,369.00
Sharpe Ratio 0.03
Standard Deviation 3.64%
Total Down Months 58
Total Positive Months 107

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Global Fixed Income Fund
Inception Date
August 5, 2010
Registered Tax Plan Status
Eligible
Distributions
Target 4.0% per annum paid monthly††
Performance Fee
-
Minimum Initial Investment
$500 
Minimum Subsequent Investment
$25 
Minimum Investment Term
20 days (1.5 % penalty)
Redemptions
Daily
Valuations
Daily
CUSIP
NBND: 65443H100 (Cboe)
†† Series T, FT, PT, PFT, QT, QFT
Fees
Fees
Management Fee
Series A: 1.65%
Series D: 0.75%
Series ETF: 0.75%
Series F: 0.75%
Series FT: 0.75%
Series P: 1.55%
Series PF: 0.65%
Series PFT: 0.65%
Series PT: 1.55%
Series Q: 1.45%
Series QF: 0.55%
Series QFT: 0.55%
Series QT: 1.45%
Series T: 1.65%
Fund Codes
Ticker & Fund Codes
Series A NPP018
Series D NPP621
Series ETF * NBND
Series F NPP118
Series FT NPP619
Series P (FE) NPP327
Series PF NPP329
Series PFT NPP330
Series PT (FE) NPP328
Series QF NPP333
Series QFT NPP334
Series QT (FE) NPP331
Series QT (FE) NPP332
Series T NPP418
*Exchange: Cboe Canada Exchange

Documents

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, sector allocation and geographic allocation as at 4/30/2024. 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 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; Capital depletion risk (Series T, Series FT, Series PT, Series PFT, Series QT, and Series QFT units only); Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Interest rate risk; Liquidity risk; Market risk; Regulatory risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Specific issuer 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