Ninepoint Global Real Estate Fund - Series F

Overview

  • Capital Appreciation

    Capital Appreciation

    REITs tended to outperform the market on an absolute and relative basis coming out of a recession

  • Wealth Preservation

    Wealth Preservation

    REITs dividends have historically offered a steady source of income even in inflationary or low interest environments

  • A Diversified Total Real Estate Approach

    A Diversified Total Real Estate Approach

    Fund broadens the definition of real estate to emphasize businesses that share similar attributes as traditional real estate assets but with higher growth rates and therefore greater capital appreciation potential

  • Monthly Distribution

    Monthly Distribution

    Fund targets monthly distributions at 4.5%* annually for Series A, D and F, and monthly distributions at 6%* annually for Series T

  • Experienced Portfolio Manager with Proven Track Record

    Experienced Portfolio Manager with Proven Track Record

    Manager has extensive experience managing real asset portfolios, using a consistent, disciplined investment process, and is committed to provide monthly commentaries to provide timely communication to investors

  • Industry Leading Technology

    Industry Leading Technology

    We use industry-leading technologies such as BlackRock’s Aladdin investment management platform to enable deeper analytics, greater transparency, and increased operational efficiencies

*Annual reset, The Manager reserves the right to adjust the distribution amount if deemed appropriate.

Fund Objective

The investment objective of the Fund is to provide stable monthly cash distributions and long-term total return through capital appreciation by providing exposure to the global real estate securities market. The Fund invests primarily in real estate investment trusts (“REITs”), equity-based securities of companies in the global real estate sectors (residential and commercial) and structured products that hold real estate related investments.

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 5/31/2024 (Series F) NPP132
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
1.18
As at 6/14/2024
-1.62 1.15 -0.52 2.57 - 5.61
Inception Date: August 5, 2015

Distribution Yields

(Series F) NPP132
Distributions Per Unit Annualized Distribution Yield 12 Month Trailing Yield Distribution Frequency Record Date
$0.04074 4.66% 4.69% Monthly 5/31/2024

Growth of $10,000 Invested

As at 5/31/2024 (Series F) NPP132

Risk Tolerance

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

Portfolio

As at 5/31/2024

Sector Allocation

Sector Allocation
Sector Weight %
Industrial REITs 18.42
Retail REITs 16.43
Health Care REITs 12.04
Data Center REITs 10.12
Other Specialized REITs 9.91
Single-Family Residential REITs 7.95
Multi-Family Residential REITs 6.14
Office REITs 3.58
Health Care Facilities 3.12
Self Storage REITs 3.12
Homebuilding 3.07
Hotel & Resort REITs 2.98
Timber REITs 2.84
Cash and Cash Equivalents 0.29

Geographic Allocation

Geographic Allocation
Sector Weight %
United States 77.86
Canada 21.85

Top Ten Holdings

Issuer Name
Prologis Inc
Equinix Inc
Welltower Op Llc
Digital Realty Trust Inc
Invitation Homes Inc
American Homes 4 Rent
Iron Mountain Inc
Caretrust Reit Inc
Simon Property Group Inc
Alexandria Real Estate Equities Inc

Statistical Analysis

As at 5/31/2024 (Series F) NPP132
Statistics Fund Index (MSCI World IMI Core Real Estate NR (CAD))
Cumulative Return 61.84% 28.63%
Growth of 10K $16,184.00 $12,863.00
Sharpe Ratio 0.18 -0.01
Standard Deviation 13.94% 13.76%
Total Down Months 45 50
Total Positive Months 60 55

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Global Real Estate Equity
Inception Date
August 5, 2015
Registered Tax Plan Status
Eligible
Distributions
Target 4.5% per annum paid monthly††
Target 6.0% 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
†† Series A, D, F ††† Series T
Fees
Fees
Management Fee
Series A: 2.00%
Series D: 1.00%
Series F: 1.00%
Series FT: 1.00%
Series T: 2.00%
Fund Codes
Fund Codes
Series A NPP131
Series D NPP308
Series F NPP132
Series FT NPP116
Series T NPP120

Documents

Effective January 3, 2017 the Sprott Global REIT & Property Equity Fund’s name was changed to Sprott Global Real Estate Fund, subsequently on March 12, 2018 becoming Ninepoint Global Real Estate 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 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: Capital depletion risk; Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Emerging markets risk; Equity real estate investment trust (REIT) securities risk; Exchange traded funds risk; Foreign investment risk; Income trust risk; Inflation risk; Interest rate risk; Liquidity risk; Market risk; Preferred stock risk; Real estate risk; Regulatory risk; Securities lending, repurchase and reverse purchase transactions risk; Series risk; Short selling risk; Specific issuer risk; Substantial securityholder 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 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