*The interest rate on the underlying investments of the fund is effective as at July 13, 2023 and is subject to change. The interest rate may not represent your individual return as the fund may be subject to Management Fees and trailer fee on Series A of 0.25%. The Manager currently absorbs all other expenses.
Like most mutual funds, this Fund does not have any guarantees. You may not get back the amount of money you invest. For any deposits made in bank deposit accounts, the Fund is not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer.
The objective of this Fund is to maximize yield on cash balances, while providing easy access to investments with daily liquidity. The Fund invests in high interest savings accounts offered at Schedule 1 Canadian Banks and/or high-quality money market securities.
Effective March 7, 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 following is the performance for the Ninepoint Short Term Bond Fund up to March 7, 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 after that date:
|Portfolio Yield||Weighted Avg Days to Maturity||Avg Credit Rating|
|MTD†||YTD %†||1 YR %||3 YR %||5 YR %||10 YR %||Inception %††|
|Schedule 1 Bank High Interest Savings Account||82.25|
|Short Term Corporate Bonds||10.04|
|Cash And Cash Equivalents||0.16|
|Bank Of Montreal|
|Goldman Sachs Group Inc/The|
|Canadian Imperial Bank Of Commerce|
|Royal Bank Of Canada|
|Wells Fargo & Company|
|Pembina Pipeline Corp|
|Honda Canada Finance Inc|
|Gm Financial Canada Leasing Ltd|
The Ninepoint High Interest Savings Fund is a high-quality, short-term vehicle for investors who want to earn a better rate of return on their idle cash.
|Series ETF *||NSAV|
*Exchange: Cboe Canada Exchange
|Fund Type||High Interest Savings Fund|
|Inception Date||August 5, 2010|
|Distributions||Monthly and annually in December (if any)|
|Registered Tax Plan Status||Eligible|
Series A: 0.25%*
* Series A/F/ETF units are lower management fee versions of Series A/F/ETF units of the Fund and are available to all investors until the earlier of June 30, 2024 or the date the Fund has assets under management equal to or greater than $1 billion.
|Minimum Initial Investment||$500|
|Minimum Subsequent Investment||$25|
|Minimum Investment Term||No minimum investment term|
|CUSIP||NSAV: 65443X105 (Cboe)|
All returns and fund details are a) based on Series F; b) net of fees; c) annualized if period is greater than one year; d) as at October 31, 2023.
The Fund is generally exposed to the following risks. See the prospectus of the Fund for a description of these risks: Credit risk; Cybersecurity risk; Inflation risk; Interest rate risk; Series risk; Substantial security holder risk; Tax risk; Leverage 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 Class F shares of the Fund for the period ended October 31, 2023 is based on the historical annual compounded total return including changes in share 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.