Ninepoint Diversified Bond Fund
Why Invest in Ninepoint Diversified Bond Fund
- Focus on active risk management, low volatility and capital preservation.
- Flexibility to invest across the capital structure, with an emphasis on North American firms.
- Experienced management team with proven track record.
Sector Allocation as of 08/31/2023
| Sector | Weight |
|---|---|
| Investment Grade | 74.64 |
| High Yield | 24.44 |
| Government Related | 4.6 |
| Cash And Equivalents | 2.01 |
| Derivatives | -0.61 |
| Equities | -5.08 |
Geographic Allocation as of 08/31/2023
| Sector | Weight |
|---|---|
| Canada | 83.88 |
| United States | 7.2 |
| United Kingdom | 4.48 |
| Australia | 2.02 |
| Germany | 0.41 |
Top Ten Holdings as of 08/31/2023
| Issuer Name |
|---|
| Artis Real Estate Investment Trust 3.824% 09/18/2023 |
| Athene Global Funding 1.25% 04/09/2024 |
| Bank Of Montreal 1.928% 07/22/2031 |
| Canada (Government Of) 1.75% 12/01/2053 |
| Fairfax India Holdings Corp 5% 02/26/2028 |
| Mcap Commercial Lp 3.743% 08/25/2025 |
| Morguard Corporation 4.402% 09/28/2023 |
| New Latitude Mortgage Trust 3.25% 12/15/2023 |
| Toronto-Dominion Bank/The 3.6% 10/31/2081 |
| Transcanada Trust 4.65% 05/18/2077 |
** NOW AVAILABLE AS AN ETF **
In a persistent low interest rate environment, producing portfolio income has become a real challenge. We have an alternative income solution, suitable for all investors, that you may want to explore.
The Ninepoint Diversified Bond Fund is an innovative fixed income fund that:
- is actively managed,
- focuses on broad security selection and
- makes use of options and short selling to better manage risk.
The strategy has a low-risk rating and has returned 5.46% net of fees year-to-date, outperforming its peer group. It is also available in a tax-efficient corporate class.
Compound Returns as of October 31, 2020| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 3 Yr | 5 Yr | Since Inception (8/6/2010) | |
|---|---|---|---|---|---|---|---|---|
| Ninepoint Diversified Bond Series F | -0.32% | -0.20% | 3.67% | 5.46% | 4.85% | 3.35% | 3.88% | 4.57% |
| Global Fixed Income Category | -0.24% | -0.79% | 2.34% | 4.35% | 3.93% | 3.12% | 2.92% | 3.82% |
With investors looking for a harder-working income alternative, you may want to explore the Ninepoint Diversified Bond Fund.
Investment Team
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Regulatory Documents
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Ticker & Fund Codes
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Fund Details
Fund Type Global Fixed Income Fund Inception Date August 5, 2010 Registered Tax Plan Status Eligible Distributions Target 4.0% per annum paid monthly†† Management Fee Series A: 1.65%
Series ETF: 0.75%
Series F: 0.75%
Series FT: 0.75%
Series PF: 0.65%
Series QF: 0.55%
Series T: 1.65%Performance Fee None Minimum Initial Investment $500 Minimum Subsequent Investment $25 Minimum Investment Term 20 days (1.5 % penalty) Redemptions Daily Valuations Daily †† Series T, FT, PT, PFT, QT, QFT
All returns and fund details are a) based on Series F units; b) net of fees; c) annualized if period is greater than one year; d) as at August 31, 2023.
Where applicable, all figures are annualized and based on monthly returns since inception. Risk-free rate and minimum acceptable rate calculated using rolling 90-day CDN T-bill rate. The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or returns on investment in the mutual fund.
Top ten holdings, sector allocation and geographic allocation as at August 31, 2023. 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 nonportfolio assets and/or liabilities.
The Fund is generally exposed to the following risks. See the prospectus of the Fund for a description of these risks: capital depletion risk (Series T, Series FT, Series PT, Series PFT, Series QT, and Series QFT units only); Capital depletion risk (Series T, Series FT, Series PT, Series PFT, Series QT, and Series QFT shares only); Capital gains risk; Class risk; Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Interest rate risk; Liquidity risk; Regulatory risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Specific issuer risk; Tax risk; Tracking risk.
Ninepoint Partners LP is the investment manager to the Ninepoint 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 rate of return for series F units of the Fund for the period ended August 31, 2023 is based on the historical annual compounded total return including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 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
Are You An Accredited Investor?
An investment in this Fund requires the financial ability and willingness to accept the high risks and lack of liquidity inherent in this type of an investment. Investors in the Fund must be prepared to bear such risks for an extended period of time and should review suitability with their Investment Advisor.
The minimum subscription amount is $150,000.00 in all jurisdictions, unless you meet the definition of "accredited investor" under National Instrument 45-106 Prospectus and Registration Exemptions.
If you meet the definition "accredited investor" (see below), you may invest a minimum of $25,000. Please consult the Offering Memorandum to determine your qualification status. Investment Advisors should consult their company's internal policies.
The Subscriber, or one or more beneficial purchasers for whom the Subscriber is acting, is (i) a resident of, or the purchase and sale of securities to the Subscriber is otherwise subject to the securities legislation of one of the following: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec, Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, North West Territories, or Nunavut, and the Subscriber is (and will at the time of acceptance of the Subscription be) an accredited investor within the meaning of National Instrument 45-106 Prospectus and Registration Exemptions ("NI 45-106") because the Subscriber is one of the following:
| (a) | a Canadian financial institution, or a Schedule III bank; |
| (b) | the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada); |
| (c) | a subsidiary of any person referred to in paragraphs (a) or (b), if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary; |
| (d) | a person registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer, other than a person registered solely as a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador); |
| (e) | an individual registered or formerly registered under the securities legislation of a jurisdiction of Canada as a representative of a person referred to in paragraph (d); |
| (f) | the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly owned entity of the Government of Canada or a jurisdiction of Canada; |
| (g) | a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l'île de Montréal or an intermunicipal management board in Québec; |
| (h) | any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government; |
| (i) | a pension fund that is regulated by the Office of the Superintendent of Financial Institutions (Canada), a pension commission or similar regulatory authority of a jurisdiction of Canada; |
| (j) | an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000; |
| (k) | an individual whose net income before taxes exceeded $200,000 in each of the 2 most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the 2 most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year; (Note: If individual accredited investors wish to purchase through wholly-owned holding companies or similar entities, such purchasing entities must qualify under section (t) below, which must be initialled.) |
| (l) | an individual who, either alone or with a spouse, has net assets of at least $5,000,000; |
| (m) | a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements; |
| (n) | an investment fund that distributes or has distributed its securities only to:
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| (o) | an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities regulatory authority, has issued a receipt; |
| (p) | a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be; |
| (q) | a person acting on behalf of a fully managed account managed by that person, if that person:
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| (r) | a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded; |
| (s) | an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function; |
| (t) | a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are persons that are accredited investors; |
| (u) | an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser, or; |
| (v) | a person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as an accredited investor. |
Toronto, Ontario M5J 2J1 Canada