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Ninepoint Alternative Credit Opportunities Fund Series A units

Alternative Credit Focus

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$8.60
Change
-$0.01 (-0.09%)

As at June 30, 2024

As at June 30, 2024

Period
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Legend

Ninepoint Alternative Credit Opportunities Fund Series A units

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Fund Returns

Inception Return (May 14, 2021): 0.82%

Fund Returns
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 - - - - - - -

Monthly Return

Monthly Return
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%

Best Monthly Return Since Inception

2.85% (December 2023)

Worst Monthly Return Since Inception

-1.99% (February 2022)

Calendar Return (%)

Calendar Return
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

Best Calendar Return (Last 10 years)

7.40% (2023)

Worst Calendar Return (Last 10 years)

-9.61% (2022)

Asset Allocation

Asset Allocation
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

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 61.92
Cash and Cash Equivalent 38.25
Basic Materials 0.15
Other -0.32

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.96
Europe -0.02
Other 0.06

Top Holdings

Top Holdings
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

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Ninepoint Alternative Credit Opportunities Fund Series A units

Median

Other - Alternative Credit Focus

3 Yr Annualized

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 Volatility rating is 1 on a scale of 1 to 10 - -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
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% - - -

Fund Details

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) -

Fund Codes

FundServ Code Load Code Sales Status
NPP930

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Ninepoint Partners LP 05-19-2022

Management and Organization

Fund Manager Ninepoint Partners LP
Advisor Ninepoint Partners LP
Custodian CIBC Mellon Trust Company
Registrar -
Distributor -
Auditor KPMG LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

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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