Ninepoint Resource Fund Class - Series F

Ninepoint Resource Fund Class

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NPP967
Ninepoint Resource Fund Class
  • Daily NAV Change · As at 11/3/2025
    -$0.19 (-2.12%)
  • NAV · As at 11/3/2025
    $8.96
  • Risk Tolerance
    High
  • Distributions††
    Annually
  • Inception Date
    2/8/2022
Disclaimer

Overview

  • Flexible and opportunistic

    Flexible and opportunistic

    Flexible and opportunistic, able to rotate across resource sub-sectors and market cap depending on market conditions.

  • Multi-managed

    Multi-managed

    Multi-managed to leverage Ninepoint’s Investment Team’s collective expertise, experience and unique investment styles.

Fund Objective

The investment objective of the Fund is to seek to achieve long-term capital growth. The Fund invests primarily in equity and equity-related securities of companies in Canada and around the world that are involved directly or indirectly in the natural resource sector.

Investment Team

  • Nawojka Wachowiak, M.Sc., CIM
    Senior Portfolio Manager
    Nawojka Wachowiak, M.Sc., CIM
    Senior Portfolio Manager
    Nawojka Wachowiak is a natural resources professional with 25 years of capital markets experience as an investment manager, sell-side equity analyst, and investor relations executive. Most recently, she was a Portfolio Manager at Dynamic Funds, specializing in metals and mining. She previously served in an executive position for a multinational mining company and spent a decade as a sell-side equity analyst covering North American mining equities. Nawojka holds Bachelor’s and Master’s degrees...
    View Full Bio
  • Eric Yao
    Analyst
    Eric Yao
    Analyst
    Eric holds a Master in Asset Management from Yale University and graduated from the University of Waterloo with a double major in Mathematical Finance and Statistics. Before joining Ninepoint, Eric worked as an Alpha Researcher at WorldQuant. He has experience across investment research, asset allocation, and risk management. 
    View Full Bio

Series F Performance

Compound Returns

As at 10/31/2025 (Series F) NPP967
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %†
-2.12
As at 11/3/2025 		58.24 40.02 16.11 - - 2.35
†Inception Date: February 8, 2022

Monthly Returns (%)

As at 9/30/2025 (Series F) NPP967
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2025 2.92 -5.15 8.58 -1.30 5.38 8.35 6.06 11.83 18.36 67.70
2024 -5.75 -6.79 8.97 7.00 -0.98 -13.30 6.09 2.56 9.25 8.60 -3.03 -8.74 0.45
2023 7.70 -0.34 -5.07 8.05 -10.52 -0.41 1.26 4.81 -6.15 -6.55 6.91 2.18 -0.25
2022 3.45 5.67 -11.77 -15.02 -10.48 6.91 11.58 -12.17 -9.36 1.83 -3.05 -31.22

Distribution Yields

As at 10/31/2025 (Series F) NPP967
Distributions Per Unit Distribution Rate 12 Month Trailing Yield Distribution Frequency Record Date
$0.60020 10.46% 10.62% Annual 2/21/2025

Growth of $10,000 Invested

As at 9/30/2025 (Series F) NPP967

Risk Tolerance

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

Portfolio

As at 9/30/2025

Sector Allocation

Sector Weight %
Materials 66.28
Energy 29.81
Cash and Cash Equivalents 3.49
Equity Options / Warrants 0.42

Commodity Mix

Sector Weight %
Gold 43.28
Uranium 27.08
Cash & Other 7.84
Copper 6.53
Industrial Metals 5.01
Rare Earths 4.28
Energy Fund 2.73
Silver 1.57
Niobium 1.27
Lithium 0.39

Geographic Allocation

Sector Weight %
Canada 82.01
Australia 9.50
United States 5.00

Top Ten Holdings

Issuer Name
Agnico Eagle Mines Ltd
Alamos Gold Inc
Cameco Corporation
Canalaska Uranium Ltd
G Mining Ventures Corp
Kinross Gold Corp
Lynas Rare Earths Ltd
Nexgen Energy Ltd
Rackla Metals Inc
Sitka Gold Corp

Statistical Analysis

As at 9/30/2025 (Series F) NPP967
Statistics Fund
Cumulative Return 15.58%
Sharpe Ratio 0.12
Standard Deviation 27.98%
Total Positive Months 23
Total Down Months 20
Growth of 10K $11,558.34

Facts, Fees & Fund Codes

Facts
Fund Type
Resource Sector
Inception Date
February 8, 2022
Registered Tax Plan Status
Eligible
Distributions
Annually in December & February (if any)
Performance Fee
10% of excess over blended benchmark index†
Minimum Initial Investment
$500 
Minimum Subsequent Investment
$25 
Minimum Investment Term
20 days (1.5% penalty)
Redemptions
Daily
Valuations
Daily
†Blended Index (50/50 S&P/TSX Capped Materials Total Return Index and S&P/TSX Capped Energy Total Return Index) and is computed by Ninepoint Partners LP based on available index information.
Fees
Management Fee
Series A: 2.50%
Series D: 1.50%
Series F: 1.50%
Fund Codes
Series A NPP970
Series D NPP969
Series F NPP967

Documents

All Funds
  • NPP864
    (Series F)
    Mutual Funds Sector Equity
    $11.01 -$0.25 (-2.25%)
    As at 11/3/2025
    Growth of $10,000 Invested as at 10/31/2025
    Performance as at 10/31/2025
    1 Year
    60.07%
    3 Year
    13.73%
    5 Year
    15.05%
    10 Year
    11.51%
    Incept.1
    3.21%
    1 Inception Date 10/18/2011
    Go To 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 9/30/2025. 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, sector allocation and geographic allocation as at 9/30/2025. 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.

    In each taxation year, the Fund will distribute to its investors a sufficient amount of the Fund’s net income and net realized capital gains so that the Fund will not pay any income tax. The net income and the net realized capital gains of the Fund will be distributed annually in December.

    The Fund is generally exposed to the following risks: Active management risk; Commodity risk; Concentration risk; Convertible securities risk; Currency risk; Cybersecurity risk; Derivatives risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Liquidity risk; Market risk; Performance fee risk; Regulatory risk; Rule 144A and other exempted securities risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Small capitalization natural resource company risk; Small company risk; Specific issuer risk; Tax risk; Uninsured losses 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 9/30/2025 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

  • NNTWF.F
    (Series F)
    Hedge Funds & Flow-Through LPs Tax-Efficient Funds Flow-through Limited Partnerships
    $31.56 -$0.25 (-0.78%)
    As at 11/3/2025
    Performance as at 10/31/2025
    1 Year
    39.38%
    3 Year
    -
    5 Year
    -
    10 Year
    -
    Incept.1
    36.73%
    1 Inception Date 8/15/2024
    Go To Fund

    Ninepoint Partners LP is the investment manager to a number of funds (collectively, the “Funds”). Important information about these Funds, including their investment objectives and strategies, purchase options, and applicable management fees, performance fees (if any), and expenses, is contained in their prospectus. Please read the prospectus carefully before investing.There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment 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 Fund is generally exposed to the following risks. See the prospectus of the Fund for a description of these risks: Speculative Investments; Sector Risks; Lack of Operating History of the Partnership; Changes in Net Asset Values; Valuation and Liquidity of Resource Issuers; Global Economic Downturn; Tax Related Risks; Risk Factors Specific to Québec Class Units; Lack of Liquidity of Units; Flow-Through Share Premiums; Reliance on the Manager and/or Sub-Advisor; Conflicts of Interest; Possibility that Limited Partners may Receive Illiquid Securities on Dissolution; Financial Resources of the General Partner; Transferability of the Units; Resale Restrictions on Portfolio Securities; Short Sales; Derivatives; Lack of Suitable Investments; Cybersecurity Risk; Possible Loss of Limited Liability; Loan Facility.

    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.

    The income tax considerations applicable to an investor will vary depending on a number of factors, including whether units of flow-through funds are characterized as capital property, the province or territory in which he or she resides, carries on business, or has a permanent establishment, the amount that would be his or her taxable income but for the interest in the flow-through fund, and the legal characterization of the investor as an individual, corporation, trust, or partnership.

    Ninepoint Partners LP assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. The information should not be regarded by recipients as a substitute for the exercise of their own judgment or for the advice of legal and tax advisors.

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 9/30/2025. 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, sector allocation and geographic allocation as at 9/30/2025. 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 Fund is generally exposed to the following risks: Active management risk; Capital gains risk; Commodity risk; Concentration risk; Convertible securities risk; Currency risk; Cybersecurity risk; Derivatives risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Liquidity risk; Market risk; Performance fee risk; Regulatory risk; Rule 144A and other exempted securities risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Short selling risk; Small capitalization natural resource company risk; Small company risk; Specific issuer risk; Tax risk; Uninsured losses risk.anager 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 9/30/2025 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.

The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action. 

Ninepoint Partners LP: Toll Free: 1.866.299.9906. Dealer Services: CIBC Mellon GSSC Record Keeping Services: Toll Free: 1.877.358.0540