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Alternative Credit Focus
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|
NAVPS (07-25-2024) |
$8.61 |
|---|---|
| Change |
$0.01
(0.10%)
|
As at June 30, 2024
As at June 30, 2024
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Inception Return (May 14, 2021): 0.82%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.43% | 2.41% | 4.72% | 4.72% | 9.28% | 5.31% | 0.60% | - | - | - | - | - | - | - |
| Benchmark | 2.98% | 0.97% | -0.32% | -0.32% | 3.73% | 3.25% | -1.77% | -1.98% | -0.10% | 1.11% | 1.07% | 0.93% | 1.40% | 1.89% |
| Category Average | 0.65% | 3.28% | 3.28% | 3.28% | 7.68% | 6.09% | 1.96% | 3.95% | 3.59% | - | - | - | - | - |
| Category Rank | 6 / 127 | 7 / 118 | 28 / 118 | 28 / 118 | 35 / 115 | 55 / 99 | 55 / 80 | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 2 | 3 | 3 | - | - | - | - | - | - | - |
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.30% | 0.20% | -0.81% | -0.25% | 2.04% | 2.85% | 0.45% | 0.96% | 0.82% | -0.21% | 1.17% | 1.43% |
| Benchmark | -1.08% | -0.19% | -2.62% | 0.43% | 4.21% | 3.42% | -1.36% | -0.40% | 0.48% | -1.95% | 0.00% | 2.98% |
2.85% (December 2023)
-1.99% (February 2022)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | -9.61% | 7.40% |
| Benchmark | 9.10% | 3.57% | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% |
| Category Average | - | - | - | - | - | - | 7.20% | 3.25% | -4.07% | 7.22% |
| Quartile Ranking | - | - | - | - | - | - | - | - | 4 | 2 |
| Category Rank | - | - | - | - | - | - | - | - | 78/ 95 | 42/ 113 |
7.40% (2023)
-9.61% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 105.96 |
| Cash and Equivalents | 38.25 |
| Canadian Bonds - Other | 12.62 |
| Foreign Bonds - Other | 5.50 |
| Mortgages | 1.19 |
| Other | -63.52 |
| Name | Percent |
|---|---|
| Fixed Income | 61.92 |
| Cash and Cash Equivalent | 38.25 |
| Basic Materials | 0.15 |
| Other | -0.32 |
| Name | Percent |
|---|---|
| North America | 99.96 |
| Europe | -0.02 |
| Other | 0.06 |
| Name | Percent |
|---|---|
| Quebec Province 3.50% 01-Dec-2045 | 6.07 |
| Ontario Province 3.45% 02-Jun-2045 | 6.06 |
| Enbridge Inc | 5.77 |
| Canadian Imperial Bank Commrce 1.96% 21-Apr-2026 | 4.95 |
| Barclays PLC 2.17% 23-Jun-2026 | 4.37 |
| Empire Life Insurance Co 2.02% 24-Sep-2031 | 4.34 |
| Coastal Gaslink Pipeline LP 5.61% 30-Mar-2047 | 4.14 |
| Cards II Trust 3.61% 15-Jan-2028 | 4.05 |
| Toronto-Dominion Bank 3.06% 26-Jan-2027 | 3.64 |
| Bank of Nova Scotia 2.84% 03-Jul-2024 | 3.52 |
Ninepoint Alternative Credit Opportunities Fund Series A units
Median
Other - Alternative Credit Focus
| Standard Deviation | 4.15% | - | - |
|---|---|---|---|
| Beta | 0.39% | - | - |
| Alpha | 0.01% | - | - |
| Rsquared | 0.41% | - | - |
| Sharpe | -0.56% | - | - |
| Sortino | -0.71% | - | - |
| Treynor | -0.06% | - | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
- | - |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.57% | 4.15% | - | - |
| Beta | 0.41% | 0.39% | - | - |
| Alpha | 0.07% | 0.01% | - | - |
| Rsquared | 0.74% | 0.41% | - | - |
| Sharpe | 1.15% | -0.56% | - | - |
| Sortino | 4.75% | -0.71% | - | - |
| Treynor | 0.10% | -0.06% | - | - |
| Tax Efficiency | 74.93% | - | - | - |
| Start Date | May 14, 2021 |
|---|---|
| Instrument Type | Mutual Fund (Alternative) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Annual |
| Assets ($mil) | - |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NPP930 |
The investment objective of the Ninepoint Alternative Credit Opportunities Fund is to provide investors with income and capital appreciation. The Fund will seek to achieve its investment objectives by primarily investing in a diverse mix of Canadian, U.S. and international fixed income securities for short-term and long-term gain. The Fund will use derivatives, which may introduce leverage into the Fund. The Fund may also borrow cash and sell securities short.
The securities comprising the portfolio of the Fund (the “Portfolio”) will be selected by the Portfolio Manager based on its assessment of the markets and potential investment opportunities. The Fund has no geographic, industry sector, asset class or market capitalization restrictions. The Fund will invest in derivatives. A derivative is an investment that derives its value from another investment, the underlying investment, which could be a stock, a bond, currency or a market index.
| Name | Start Date |
|---|---|
| Ninepoint Partners LP | 05-19-2022 |
| Fund Manager | Ninepoint Partners LP |
|---|---|
| Advisor | Ninepoint Partners LP |
| Custodian | CIBC Mellon Trust Company |
| Registrar | - |
| Distributor | - |
| Auditor | KPMG LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
| MER | 1.83% |
|---|---|
| Management Fee | 1.40% |
| Load | Back Fee Only |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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