Ninepoint Enhanced U.S. Equity HighShares ETF

USHI
TSX
How to Invest Fund Snapshot

Ninepoint Enhanced U.S. Equity HighShares ETF

Diversified U.S. equity + income

  • Large-cap U.S. equity exposure
  • Enhanced income through covered calls
  • Twice-monthly distributions
  • Income and growth potential
  • Up to 33% leverage
Ninepoint HighShares
Ninepoint Enhanced U.S. Equity HighShares ETF
  • Daily NAV Change · As at 10/21/2026
    $0.12 (1.20%)
  • NAV · As at 10/21/2026
    $10.32
  • Market Close · As at 10/21/2026
    $10.32
  • Distributions††
    $0.0650 Twice-monthly
  • AUM · As at 9/30/2026
    $3.45M CAD
Disclaimer

Fund Overview

Built for U.S. equity income and growth.

USHI combines a diversified portfolio of large-cap U.S. equities with an actively managed covered call strategy to pursue income and long-term growth potential.

Why invest in USHI?

Broader Sector Exposure
Gain exposure to a wider range of large-cap U.S. companies and sectors, without relying on a concentrated basket of mega-cap technology and growth stocks.

Active Management Where It Matters
Ninepoint actively manages portfolio positioning and the covered call strategy as market conditions evolve, providing the flexibility to adjust exposures and option positioning.

Income with Room to Grow
A disciplined covered call approach seeks to generate income while maintaining participation in the long-term growth potential of U.S. equities.

Twice-Monthly Cash Flow
Distributions paid twice each month, providing investors with more frequent cash flow. –  View current distribution amounts

 

Portfolio Holdings

As at 9/30/2026

Issuer Name

Weight

Sector

Alphabet Class A

7.4%

Communication Services

Tesla Inc

6.3%

Consumer Discretionary

Microsoft

6.2%

Information Technology

Amazon.com Inc

6.1%

Consumer Discretionary

Palantir Technologies Class A

6.0%

Information Technology

Advanced Micro Devices

6.0%

Information Technology

NVIDIA

5.7%

Information Technology

CrowdStrike Holdings Class A

5.6%

Information Technology

GE Aerospace

5.5%

Industrials

Johnson & Johnson

5.3%

Health Care

Eli Lilly

5.0%

Health Care

Intel Corporation

5.0%

Information Technology

Apple

5.0%

Information Technology

Goldman Sachs Group

4.6%

Financials

JPMorgan Chase

4.5%

Financials

Visa Class A

4.5%

Financials

Micron Technology

4.4%

Information Technology

Union Pacific

4.4%

Industrials

Costco Wholesale Corp

3.5%

Consumer Staples

Freeport-McMoRan Inc

3.4%

Materials

Vistra

3.3%

Utilities

ExxonMobil Holdings Corp

3.3%

Energy

Walmart

3.2%

Consumer Staples

Caterpillar Inc

1.9%

Industrials

GE Vernova

1.6%

Industrials
This table excludes cash, options and certain other portfolio positions. The exposures shown will not total 100% of the Fund’s net asset value.

Sector Allocation

As at 9/30/2026
Sector Weight %
Information Technology 43.95
Financials 13.55
Industrials 13.47
Consumer Discretionary 12.42
Health Care 10.29
Communication Services 7.41
Consumer Staples 6.74
Materials 3.42
Utilities 3.35
Energy 3.33
Options -0.67
Cash & Equivalents -17.26
Distributions
Twice-monthly Distributions Per Share††  $0.06500
Record Date 10/15/2026
Payment Frequency Twice-monthly
††The ETF does not have a fixed distribution amount. The amount of twice-monthly distributions may fluctuate, and there can be no assurance that the ETF will make any distribution in any particular period or periods. The amount of ordinary cash distributions, if any, will be based on the Manager’s assessment of the prevailing market conditions. The amount of distributions may vary if there are changes in any of the factors that affect the net cash flow on the portfolio of an ETF, including the amount of leverage employed by the ETF. The amount and date of any ordinary cash distributions of the ETF will be announced in advance by issuance of a press release. Subject to compliance with the investment objectives of the ETF, the Manager may, in its complete discretion, change the frequency of these distributions and any such change will be announced by press release.
Facts
Ticker
USHI:TSX
Equity Exposure
Diversified U.S. Large-Cap Equities
Management Fee
0.40%
Covered Call Strategy
Up to 50% of NAV
Leverage Ratio
up to 33%
Currency
CAD
Registered Tax Plan Status
Eligible
CUSIP
653957100
Inception Date
9/14/2026

Risk Tolerance

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

Distributions

Historical Distributions††

Record Date Ex-dividend Date Payment Date Payment Amount Frequency Currency
10/15/2026 10/15/2026 10/21/2026 $0.06500 Twice-monthly CAD
9/29/2026 9/29/2026 10/6/2026 $0.06500 Twice-monthly CAD

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...
    View Full Bio
  • Colin Watson
    Portfolio Manager; Head of Derivatives Strategies
    Colin Watson
    Portfolio Manager; Head of Derivatives Strategies
    Colin Watson's background spans across equities, asset allocation & derivative-based strategies. Prior to Ninepoint Partners, Colin worked as a Portfolio Manager at IMCO on a team responsible for overseeing IMCO’s $26B public equity allocation and deploying derivatives-based strategies for IMCO’s public asset allocation strategy. Prior to IMCO, Colin worked at Ninepoint Partners on equity selection & options-based overlays. Colin holds a Bachelor of Commerce Degree from McMaster Unive...
    View Full Bio
  • Zach Chen, CFA
    Senior Analyst, Derivatives Strategies
    Zach Chen, CFA
    Senior Analyst, Derivatives Strategies
    Zach Chen is an Analyst on the Ninepoint HighShares ETFs and the Ninepoint Energy Income Fund where he assists with the equity option overlay. He is also an analyst on the Ninepoint Global Infrastructure Fund, where he researches infrastructure related equities. Prior to Ninepoint Zach interned in Investment Banking M&A at ATB Capital Markets. Zach graduated from Ivey Business School (HBA) and also holds a Bachelor of Engineering Science in Mechatronic Systems Engineering from Wester...
    View Full Bio

Education

U.S. Equity Income, Rebalanced

Meet USHI, a different approach to U.S. equity income. The Ninepoint Enhanced U.S. Equity HighShares ETF invests in 20–25 high-conviction U.S. companies across a range of sectors, combining active management with a flexible covered call strategy for income and upside participation.

U.S. Equity Income, Rebalanced

U.S. Equity Income, Rebalanced

What's in the portfolio?

What's in the portfolio?

The HighShares Difference

The HighShares Difference

Income + Growth Explained

Income + Growth Explained

USHI ETF: FULL Breakdown & QA

USHI ETF: FULL Breakdown & QA

Two New HighShares ETFs

Two New HighShares ETFs

Frequently Asked Questions

All Funds
  • NPP119
    (Series F)
    Mutual Funds Exchange Traded Funds Cash Management

    Annualized Yield

    2.42%
    Performance as at 9/30/2026
    1 Year
    2.45%
    3 Year
    3.62%
    5 Year
    3.41%
    10 Year
    2.17%
    Incept.1
    2.16%
    1 Inception Date 8/6/2010

    NAV

    $10.00 $0.00 (0.01%)
    As at 10/21/2026
    Growth of $10,000 Invested as at 9/30/2026
    Go To Fund

    Effective September 3, 2024, Ninepoint High Interest Savings Fund changed its name to Ninepoint Cash Management Fund; and changed its investment strategies to follow the legal requirements for money market funds with respect to quality, liquidity and maturity of investments; and permitted the Fund to engage in securities lending as permitted by securities regulations. Effective March 4, 2019 the Ninepoint Short Term Bond Fund’s name was changed to the Ninepoint High Interest Savings Fund, and also changed its investment objective. Effective August 3, 2023 the Fund’s strategy was changed to include the option to invest in high-quality money market securities. The above is the performance for the Ninepoint Short Term Bond Fund up to March 4, 2019, the Ninepoint High Interest Savings Fund from March 8, 2019 to August 2, 2023 and that of the new strategy for the Ninepoint High Interest Savings Fund to September 2, 2024. All performance after September 3, 2024 is that of the Ninepoint Cash Management Fund.

    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 9/30/2026. 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 and sector allocation as at 9/30/2026. Top ten holdings based on % of net asset value. Sector allocation based on % of net asset value. 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 average rating may change over time and is subject to change without notice.  The portfolio itself has not been rated by an independent rating agency. The fund’s underlying investments are rated by designated rating organizations and meet the regulatory requirements for money market funds. The portfolio effective rating is computed as the market value weighted average rating of positions in the portfolio. The rating for each position is computed as an average of available ratings as issued by the designated rating agencies. The ratings themselves may be short-term or long-term depending on the original issue date of the security. Issue rating is used wherever available. When issue rating is unavailable, issuer rating is used instead. Cash is excluded from the calculation.

    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: Active management risk; Borrowing risk; Credit risk; Cybersecurity risk; Inflation risk; Interest rate risk; Leverage risk; Market risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Specific issuer risk; Tax risk; 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. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. The indicated rates of return for series F units of the Funds for the period ended 9/30/2026 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

  • ECHI
    (ETF)
    HighShares ETFs Exchange Traded Funds All-in-one Income ETFs

    Annualized Yield

    15.69%
    Performance as at 9/30/2026
    1 Year
    30.63%
    3 Year
    -
    5 Year
    -
    10 Year
    -
    Incept.1
    36.21%
    1 Inception Date 8/22/2025

    NAV

    $12.29 $0.10 (0.86%)
    As at 10/21/2026
    Growth of $10,000 Invested as at 9/30/2026
    Go To Fund

    **All logos, trademarks, and brand names are the property of their respective owners. Their use is for identification purposes only and does not imply any endorsement or affiliation.

    Sector allocation as at 9/30/2026. Sector allocations shown are based on a look-through of actual ETF holdings to their underlying constituents. Numbers may not add up due to rounding. Cash and cash equivalents include non-portfolio assets and/or liabilities.

    The Fund is generally exposed to the following risks: Absence of an active market for ETF Shares risk; Borrowing risk; Collateral risk; Cybersecurity risk; Derivatives risk; Equity investment risk; Exchange risk; Fund of funds investment risk; Halted trading of ETF Shares risk; Inflation risk; Interest rate risk; Leverage risk; Market risk; Mutual fund corporation risk; Regulatory risk; Specific issuer risk; Tax risk; Trading price of ETF Shares risk.

    The ETFs do not have a fixed distribution amount. The amount of distributions may fluctuate twice-monthly, as applicable, and there can be no assurance that the ETFs will make any distribution in any particular period or periods. The amount of ordinary cash distributions, if any, will be based on the Manager’s assessment of the prevailing market conditions. The amount of distributions may vary if there are changes in any of the factors that affect the net cash flow on the portfolio of an ETF, including the amount of leverage employed by the ETFs. The amount and date of any ordinary cash distributions of the ETFs will be announced in advance by issuance of a press release. Subject to compliance with the investment objectives of the ETFs, the Manager may, in its complete discretion, change the frequency of these distributions and any such change will be announced by press release. Each ETF intends to pay twice-monthly distributions based on its ability to generate monthly cash flows from writing covered call options and any dividends received on the Portfolio Securities held in such ETF’s portfolio, as applicable. The Manager will review the level of distributions for each ETF on a quarterly basis to consider the sustainability of such distributions.

    Ninepoint Partners LP is the investment manager to the Ninepoint HighShares ETFs (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. ETFs 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 Funds 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

  • EDHI
    (ETF)
    HighShares ETFs Exchange Traded Funds Sector Focused Income ETFs

    NAV

    $9.95 $0.15 (1.49%)
    As at 10/21/2026
    Go To Fund

    **All logos, trademarks, and brand names are the property of their respective owners. Their use is for identification purposes only and does not imply any endorsement or affiliation.

    Sector allocation as at 9/15/2026. Sector allocations shown are based on a look-through of actual ETF holdings to their underlying constituents. Numbers may not add up due to rounding. Cash and cash equivalents include non-portfolio assets and/or liabilities.

    The Fund is generally exposed to the following risks: Absence of an active market for ETF Units risk; Active management risk; ADR risk; Aerospace industry risk; Borrowing risk; Collateral risk; Concentration risk; Covered call strategy risk; Currency risk; Cybersecurity risk; Defense industry risk; Derivatives risk; Emerging markets risk; Energy risk; Equity investment risk; Exchange risk; Exchange traded funds risk; Foreign investment risk; Foreign withholding tax risk; Halted trading of ETF Units risk; Inflation risk; Interest rate risk; Large capitalization issuer risk; Leverage risk; Liquidity risk; Market risk; No ownership risk; Performance risk; Regulatory risk; Small company risk; Specific issuer risk; Tax risk; Trading price of ETF Units risk.

    The ETFs do not have a fixed distribution amount. The amount of distributions may fluctuate twice-monthly, as applicable, and there can be no assurance that the ETFs will make any distribution in any particular period or periods. The amount of ordinary cash distributions, if any, will be based on the Manager’s assessment of the prevailing market conditions. The amount of distributions may vary if there are changes in any of the factors that affect the net cash flow on the portfolio of an ETF, including the amount of leverage employed by the ETFs. The amount and date of any ordinary cash distributions of the ETFs will be announced in advance by issuance of a press release. Subject to compliance with the investment objectives of the ETFs, the Manager may, in its complete discretion, change the frequency of these distributions and any such change will be announced by press release. Each ETF intends to pay twice-monthly distributions based on its ability to generate monthly cash flows from writing covered call options and any dividends received on the Portfolio Securities held in such ETF’s portfolio, as applicable. The Manager will review the level of distributions for each ETF on a quarterly basis to consider the sustainability of such distributions.

    Ninepoint Partners LP is the investment manager to the Ninepoint HighShares ETFs (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. ETFs 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 Funds 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

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**All logos, trademarks, and brand names are the property of their respective owners. Their use is for identification purposes only and does not imply any endorsement or affiliation.

Sector allocation as at 9/14/2026. Sector allocations shown are based on a look-through of actual ETF holdings to their underlying constituents. Numbers may not add up due to rounding. Cash and cash equivalents include non-portfolio assets and/or liabilities.

The Fund is generally exposed to the following risks: Absence of an active market for ETF Units risk; Active management risk; Borrowing risk; Collateral risk; Concentration risk; Covered call strategy risk; Currency risk; Cybersecurity risk; Derivatives risk; Energy risk; Equity investment risk; Exchange risk; Exchange traded funds risk; Foreign withholding tax risk; Halted trading of ETF Units risk; Inflation risk; Interest rate risk; Large capitalization issuer risk; Leverage risk; Liquidity risk; Market risk; No ownership risk; Performance risk; Regulatory risk; Specific issuer risk; Tax risk; Trading price of ETF Units risk.

The ETFs do not have a fixed distribution amount. The amount of distributions may fluctuate twice-monthly, as applicable, and there can be no assurance that the ETFs will make any distribution in any particular period or periods. The amount of ordinary cash distributions, if any, will be based on the Manager’s assessment of the prevailing market conditions. The amount of distributions may vary if there are changes in any of the factors that affect the net cash flow on the portfolio of an ETF, including the amount of leverage employed by the ETFs. The amount and date of any ordinary cash distributions of the ETFs will be announced in advance by issuance of a press release. Subject to compliance with the investment objectives of the ETFs, the Manager may, in its complete discretion, change the frequency of these distributions and any such change will be announced by press release. Each ETF intends to pay twice-monthly distributions based on its ability to generate monthly cash flows from writing covered call options and any dividends received on the Portfolio Securities held in such ETF’s portfolio, as applicable. The Manager will review the level of distributions for each ETF on a quarterly basis to consider the sustainability of such distributions.

Ninepoint Partners LP is the investment manager to the Ninepoint HighShares ETFs (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. ETFs 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 Funds 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