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:
|Weighted Avg Days to Maturity
|Avg Credit Rating
|1 YR %
|3 YR %
|5 YR %
|10 YR %
|Schedule 1 Bank High Interest Savings Account
|Short Term Corporate Bonds
|Cash And Cash Equivalents
|Royal Bank Of Canada
|Canadian Imperial Bank Of Commerce
|Wells Fargo & Company
|Brookfield Infrastructure Finance Ulc
|Bank Of Nova Scotia
|National Bank Of Canada
|Goldman Sachs Group Inc/The
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 *
*Exchange: Cboe Canada Exchange
|High Interest Savings Fund
|August 5, 2010
|Monthly and annually in December (if any)
|Registered Tax Plan Status
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
|Minimum Subsequent Investment
|Minimum Investment Term
|No minimum investment term
|NSAV: 65443X105 (Cboe)
All returns and fund details are a) based on Series ETF; b) net of fees; c) annualized if period is greater than one year; d) as at January 31, 2024.
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 ETF shares of the Fund for the period ended January 31, 2024 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.