Ninepoint Global Infrastructure Fund - Series A

Overview

Beyond Traditional Infrastructure

A global equities-based investment solution designed for both inflation protection and income generation. With a focus on maximizing capital growth through strategic securities selection, it invests in a diverse universe of infrastructure equities that goes beyond the traditional definition of the asset class.

  • Dividend Growth and Inflation Protection

    Dividend Growth and Inflation Protection

    Infrastructure dividend growth has historically outpaced inflation in most periods.

  • Supportive Tailwinds

    Supportive Tailwinds

    Incremental spending and tax credits for enhanced global infrastructure development, including traditional infrastructure, renewable energy and 5G broadband and more.

  • A Diversified Total Infrastructure Approach

    A Diversified Total Infrastructure Approach

    Broader definition of infrastructure: Investing in businesses that share attributes with traditional infrastructure assets, but exhibit higher growth and therefore greater capital appreciation potential.

  • 4.5%* target monthly distribution

    4.5%* target monthly distribution

Fund Objective

The investment objective of the Fund is primarily to maximize risk adjusted long-term returns and secondarily to achieve a high level of income. The Fund focuses on achieving growth of capital through securities selection and pursues a long-term investment program with the aim of generating capital gains. The Fund seeks to provide a moderate level of volatility and a low degree of correlation to other asset classes through diversifying across a relatively concentrated group of global infrastructure stocks.

Investment Team

  • Jeff Sayer, MBA, CFA
    Vice President, Portfolio Manager
    Jeff Sayer, MBA, CFA
    Vice President, Portfolio Manager
    Jeffrey Sayer is Vice President, Portfolio Manager at Ninepoint Partners. Jeff oversees Global Equity, Infrastructure, and Real Estate 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.
    View Full Bio

Performance

Compound Returns

As at 6/28/2024 (Series A) NPP355
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
3.86
As at 7/12/2024
7.49 11.24 5.37 6.56 4.74 6.47
Inception Date: September 20, 2011

Distribution Yields

(Series A) NPP355
Distributions Per Unit Annualized Distribution Yield 12 Month Trailing Yield Distribution Frequency Record Date
$0.04175 4.28% 4.32% Monthly 6/28/2024

Growth of $10,000 Invested

As at 6/30/2024 (Series A) NPP355

Risk Tolerance

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

Portfolio

As at 6/30/2024

Sector Allocation

Sector Allocation
Sector Weight %
Industrials 34.98
Utilities 32.58
Real Estate 16.06
Energy 15.54
Cash and Cash Equivalents 0.84
FX 0.00

Geographic Allocation

Geographic Allocation
Sector Weight %
United States 71.70
Canada 13.37
France 5.97
Netherlands 4.47
Spain 3.65

Top Ten Holdings

Issuer Name
Aena Sme Sa
American Tower Corporation
Energy Transfer Lp
Equinix Inc
Ferrovial Se
Nextera Energy Inc
Pembina Pipeline Corp
Quanta Services Inc.
Targa Resources Corp
Union Pacific Corporation

Statistical Analysis

As at 6/30/2024 (Series A) NPP355
Statistics Fund Index (MSCI World Core Infrastructure NR (CAD))
Cumulative Return 123.44% 246.79%
Growth of 10K $22,344.00 $34,679.00
Sharpe Ratio 0.32 0.67
Standard Deviation 10.31% 10.47%
Total Down Months 63 58
Total Positive Months 90 95

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Global Equity
*Inception Date
Series A: September 20, 2011
Series F: September 1, 2011
Registered Tax Plan Status
Eligible
Distributions
Target 4.5% 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
†† Series A, D, F
*Formerly Exemplar Global Infrastructure Fund. Effective March 31, 2014, Sprott Asset Management LP became the successor manager to the fund. Subsequently, effective August 1, 2017, Ninepoint Partners LP became the manager of the Fund.
Fees
Fees
Management Fee
Series A: 2.00%
Series D: 1.00%
Series F: 1.00%
Fund Codes
Fund Codes
Series A NPP355
Series D NPP335
Series F NPP356

Documents

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 6/30/2024. Top ten holdings, sector allocation and geographic allocation as at 6/30/2024. 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: Capital depletion risk; Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Exchange traded funds risk; Foreign investment risk; Income trust risk; Inflation risk; Interest rate risk; Liquidity risk; Market risk; Regulatory risk; Securities lending, repurchase and reverse purchase 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 6/30/2024 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