Ninepoint Silver Equities Fund - Series F

Overview

  • An ideal complement to bullion for investors interested in silver

    An ideal complement to bullion for investors interested in silver

  • Exposure to both equities and bullion can provide better risk-adjusted returns over the long term

    Exposure to both equities and bullion can provide better risk-adjusted returns over the long term

  • Relationships with hundreds of precious metals companies, located in Toronto, the mining financing capital of the world

    Relationships with hundreds of precious metals companies, located in Toronto, the mining financing capital of the world

Fund Objective

The investment objective of the Fund is to seek to achieve long-term capital growth. The Fund invests primarily in equity securities of companies that are directly or indirectly involved in the exploration, mining, production or distribution of silver. The Fund can also invest in silver and silver certificates.

Investment Team

  • Ninepoint Partners Sub Advised by Sprott Asset Management (SAM)
    Ninepoint Partners Sub Advised by Sprott Asset Management (SAM)
    Sprott Asset Management LP is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the Corporation is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The Corporation also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toront...
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  • Maria Smirnova, MBA, CFA
    Senior Portfolio Manager, Sprott Asset Management - Sub-Advisor
    Maria Smirnova, MBA, CFA
    Senior Portfolio Manager, Sprott Asset Management - Sub-Advisor
    Maria joined Sprott Asset Management LP as a Research Associate in May 2005, and was appointed Associate Portfolio Manager in February 2010, Portfolio Manager in March 2014 and Senior Portfolio Manager in May 2017. Maria is part of the precious metals team and manages Ninepoint Silver Equities Fund and Ninepoint Gold and Precious Minerals Fund. Maria has over 20 years of experience in the financial services industry; she began her career at Excel Funds Management as Operations Manager, and su...
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  • Shree Kargutkar, MBA, CFA
    Senior Portfolio Manager, Sprott Asset Management - Sub-Advisor
    Shree Kargutkar, MBA, CFA
    Senior Portfolio Manager, Sprott Asset Management - Sub-Advisor
    Shree has more than 10 years of investment experience. He began his career at Sprott Asset Management in May 2010. During his time at Sprott, he has run both long-only and long-short strategies. Shree specializes in precious metals and commodities investing. He also leverages his expertise in derivatives across various mandates and implements strategies for risk mitigation, income generation and improving upside capture. Shree obtained his MBA from the University of Toronto in 2011. He holds...
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Performance

Compound Returns

As at 5/31/2024 (Series F) NPP866
Compound Returns
MTD % YTD % 1Y % 3Y % 5Y % 10Y % Inception %
-9.14
As at 6/14/2024
30.73 22.80 -12.12 12.60 5.52 -1.15
Inception Date: February 28, 2012

Growth of $10,000 Invested

As at 5/31/2024 (Series F) NPP866

Risk Tolerance

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

Portfolio

As at 5/31/2024

Geographic Allocation

Geographic Allocation
Sector Weight %
Canada 68.87
United States 17.43
Mexico 3.02
United Kingdom 2.12
Australia 0.5

Top Ten Holdings

Issuer Name
Pan American Silver Corp
Hecla Mining Company
Mag Silver Corporation
Wheaton Precious Metals Corp
Gatos Silver Inc
Gogold Resources Inc
Vizsla Silver Corp
Ishares Silver Trust
Silvercrest Metals Inc
Industrias Penoles Sab De Cv

Statistical Analysis

As at 5/31/2024 (Series F) NPP866
Statistics Fund Index (MSCI Silver Select (CAD))
Cumulative Return -13.22% -19.36%
Growth of 10K $8,678.00 $8,064.00
Sharpe Ratio -0.11 -0.13
Standard Deviation 39.00% 37.93%
Total Down Months 85 84
Total Positive Months 62 63

Facts, Fees & Fund Codes

Facts
Facts
Fund Type
Precious Metals Equity
Inception Date
February 28, 2012
Registered Tax Plan Status
Eligible
Distributions
Annually
Performance Fee
10% of excess over the index
Minimum Initial Investment
$500 
Minimum Subsequent Investment
$25 
Minimum Investment Term
20 days (1.5% penalty)
Redemptions
Daily
Valuations
Daily
MSCI ACWI Select Silver Miners IMI Net Return Index (in Canadian dollars)
Fees
Fees
Management Fee
Series A: 2.50%
Series D: 1.50%
Series F: 1.50%
Fund Codes
Fund Codes
Series A NPP857
Series D NPP862
Series F NPP866
Series A $USD NPP859
Series F $USD NPP867

Documents

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 Fund is generally exposed to the following risks: Borrowing risk; Commodity risk; Concentration risk; Currency risk; Cybersecurity risk; Derivatives risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Liquidity risk; Market risk; Performance fee 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; Specific issuer risk; Sub-adviser risk; Substantial securityholder 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 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