Ninepoint Energy Income Fund - Series F
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NPP5502
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Overview
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Compelling Asset Class:
With oil demand predicted to grow until at least 2034 and global inventories falling, the outlook for the energy sector is supportive of continued upward pressure on the price of oil1.
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Consistent Income:
Canadian dividend-paying oil producers are well positioned to return meaningful capital back to shareholders with low financial leverage and record free cash flow in the industry. Investors will benefit from the Fund’s target distribution of 7% NAV/unit, paid monthly*.
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Covered Call Option Strategy:
Aims to generate additional tax-efficient incomeutilizing an actively managed covered call options strategy.
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Experienced Management:
Managed by Eric Nuttall, Senior Portfolio Manager and Partner, and manager of the Ninepoint Energy Fund.
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Investor Friendly Fund Structure:
The Fund is structured as an alternative mutual fund offering Series A, F, D on Fundserv and ETF Series (ticker: NRGI).
1Source: Bernstein, 2021
Fund Objective
The investment objective of the Ninepoint Energy Income Fund is to seek to provide unitholders with income and capital appreciation by investing in dividend paying energy companies. The Fund will use derivatives, which may introduce leverage into the Fund. The Fund may also borrow cash and sell securities short. The Fund’s maximum aggregate exposure to short selling, cash borrowing and derivatives used for leverage must not exceed 300% of the Fund’s net asset value, calculated on a daily basis.
Investment Team
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Eric Nuttall
Partner, Senior Portfolio Manager
Eric Nuttall
Partner, Senior Portfolio Manager
Eric Nuttall is a Partner and Senior Portfolio Manager with Ninepoint Partners LP. He joined the firm in August 2017.Prior to joining Ninepoint, Eric began his career with Sprott Asset Management LP as a Research Associate in February 2003. He progressed to roles as an Analyst, Associate Portfolio Manager, and ultimately Portfolio Manager in 2010.Eric's views on energy are frequently sought after by BNN Bloomberg, CNBC, The Globe and Mail, The National Post, and other media organizations....
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Keegan Stoyles, CFA
Associate Portfolio Manager
Keegan Stoyles, CFA
Associate Portfolio Manager
Keegan joined Ninepoint Partners in January 2022 as an Analyst for the Ninepoint Energy Fund. Prior to Ninepoint, Keeganworked as an Equity Research Associate at TD Securities with a focus on the Energy sector, with coverage spanning Canada, the U.S and several European Supermajors. Prior to that he started his career at Encana (now Ovintiv) as a geologist and also spent several years at a private startup oil & gas company. He attended the University of Calgary and obtained a Bachelor of...
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Colin Watson
Portfolio Manager
Colin Watson
Portfolio Manager
Colin Watson's background spans across equities, asset allocation & derivative-based strategies. Prior to Ninepoint Partners, Colin worked as a Portfolio Manager at IMCO on a team responsible for overseeing IMCO’s $26B public equity allocation and deploying derivatives-based strategies for IMCO’s public asset allocation strategy. Prior to IMCO, Colin worked at Ninepoint Partners on equity selection & options-based overlays. Colin holds a Bachelor of Commerce Degree from McMaster Unive...
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Performance
Compound Returns
As at 7/31/2024 (Series F) NPP5502
MTD % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Inception %† |
---|---|---|---|---|---|---|
-9.74 As at 8/2/2024 | 12.73 | 13.53 | - | - | - | 10.89 |
†Inception Date: March 7, 2022
Distribution Yields
(Series F) NPP5502
Distributions Per Unit | Annualized Distribution Yield | 12 Month Trailing Yield | Distribution Frequency | Record Date |
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$0.05869 | 6.50% | 6.56% | Monthly | 6/28/2024 |
Growth of $10,000 Invested
As at 6/30/2024 (Series F) NPP5502
Risk Tolerance
- Low
- Low - Med
- Medium
- Med - High
- High
Portfolio
As at 6/30/2024
Sector Allocation
Sector | Weight % |
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Oil & Gas Exploration & Production | 88.02 |
Integrated Oil & Gas | 9.67 |
Cash and Cash Equivalents | 1.66 |
Oil & Gas Storage & Transportation | 1.13 |
FX | -0.47 |
Geographic Allocation
Sector | Weight % |
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Canada | 57.69 |
United States | 41.12 |
Top Ten Holdings
Issuer Name |
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Cenovus Energy Inc |
Chord Energy Corp |
Civitas Resources Inc |
Devon Energy Corporation |
Parex Resources Inc |
Permian Resources Corporation |
Peyto Exploration & Development Corp |
Tourmaline Oil Corp |
Viper Energy Inc |
Whitecap Resources Inc |
Statistical Analysis
As at 6/30/2024 (Series F) NPP5502
Statistics | Fund |
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Cumulative Return | 26.42% |
Growth of 10K | $12,642.00 |
Sharpe Ratio | 0.30 |
Standard Deviation | 25.18% |
Total Down Months | 11 |
Total Positive Months | 16 |
Facts, Fees & Fund Codes
Facts | |
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Fund Type | Alternative Energy Income Fund |
Inception Date | February 18, 2022 |
Registered Tax Plan Status | Eligible |
Distributions | Target 7% NAV/unit, paid monthly†† |
Performance Fee | 15% of excess over previous quarter High Water Mark |
Minimum Initial Investment | $500 |
Minimum Subsequent Investment | $25 |
Minimum Investment Term | 20days (1.5% penalty) |
Redemptions | Daily |
Valuations | Daily |
CUSIP | NRGI: 65444A104(Cboe) |
††The monthly distribution amount may be adjusted by the Manager without notice throughout the year as market conditions change. Monthly distributions will be comprised of net income, net realized capital gains and/or return of capital. Any net income and/or net realized capital gains earned by the Fund in excess of the monthly distribution will be distributed to unitholders annually in December. |
Fees | |
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Management Fee | Series A: 2.5% Series D:1.50% Series ETF: 1.50% Series F: 1.50% |
Ticker & Fund Codes | |
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Series A | NPP5501 |
Series D | NPP5503 |
Series ETF * | NRGI |
Series F | NPP5502 |
Series S 1 | NPP5505 |
Series SF 1 | NPP5506 |
Series A $USD | NPP5007 |
Series F $USD | NPP5008 |
*Exchange: Cboe Canada Exchange 1Closed to new purchases. |
Education
Documents
- Fund Snapshot
- Simplified Prospectus
- Point of Sale Disclosure-Series A
- Point of Sale Disclosure-Series D
- Point of Sale Disclosure-Series ETF
- Point of Sale Disclosure-Series F
- Point of Sale Disclosure-Series I
- Management Report of Fund Performance - Mid Year
- Management Report of Fund Performance - Year End
- Quarterly Portfolio Disclosure - Q1
- Quarterly Portfolio Disclosure - Q3
- Financial Statements - Mid Year
- Financial Statements - Year End
All Funds
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NPP008
(Series F)
Ninepoint Energy Fund
Mutual Funds Exchange Traded Funds Sector Equity
$33.16 -$1.90 (-5.42%)
As at 8/2/2024
Growth of $10,000 Invested as at 7/31/2024
Performance as at 7/31/2024
1 Year
17.01%
3 Year
37.46%
5 Year
37.75%
10 Year
4.67%
Incept.1
7.87%
1 Inception Date 4/15/2004
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 6/30/2024. Top ten holdings, sector allocation and geographic allocation as at 6/30/2024. 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.
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: Concentration risk; Credit risk; Currency risk; Cybersecurity risk; Derivatives risk; Energy risk; Exchange traded funds risk; Foreign investment risk; Inflation risk; Interest rate 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; Specific issuer risk; Tax risk. Additional risks associated with an investment in ETF Series securities of this Fund include: Absence of an active market for ETF Series risk; Halted trading of ETF Series risk; Trading price of ETF Series 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 6/30/2024 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.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata. CIFSC category: Energy Equity. Number of funds in the category: 34. FundGrade start date: 1/31/2012. FundGrade Calc date: 12/31/2023.
Ninepoint Partners LP: Toll Free: 1.866.299.9906. Dealer Services: CIBC Mellon GSSC Record Keeping Services: Toll Free: 1.877.358.0540
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NPP948
(Series F $USD)
Ninepoint Carbon Credit ETF
Exchange Traded Funds Liquid Alternatives Sector Equity
$8.97 -$0.19 (-2.10%)
As at 8/2/2024
Growth of $10,000 Invested as at 7/31/2024
Performance as at 7/31/2024
1 Year
2.05%
3 Year
-
5 Year
-
10 Year
-
Incept.1
-4.66%
1 Inception Date 2/17/2022
Go To Fund
All returns and fund details are a) based on Series F $USD shares; b) net of fees; c) annualized if period is greater than one year; d) as at 6/30/2024. Sector allocation as at 6/30/2024. Sector allocation based on % of net asset value. 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: Cap and trade risk; Collateral risk; Commodity risk; Concentration risk; Cybersecurity risk; Derivatives risk; Foreign currency NAV risk; Foreign investment risk; Inflation risk; Interest rate risk; Leverage risk; Liquidity risk; Market risk; Regulatory risk; Securities lending, repurchase and reverse repurchase transactions risk; Series risk; Substantial securityholder risk; Tax risk. Additional risks associated with an investment in ETF Series securities of this Fund include: Absence of an active market for ETF Series risk; Halted trading of ETF Series risk; Trading price of ETF Series 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 $USD units of the Funds for the period ended 6/30/2024 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
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 6/30/2024. Top ten holdings, sector allocation and geographic allocation as at 6/30/2024. 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 monthly distribution amount may be adjusted by the Manager without notice throughout the year as market conditions change. Monthly distributions will be comprised of net income, net realized capital gains and/or return of capital. Any net income and/or net realized capital gains earned by the Fund in excess of the monthly distribution will be distributed to unitholders annually in December.
The Fund is generally exposed to the following risks: Borrowing risk; Capital depletion risk; Collateral risk; Commodity risk; Concentration risk; Currency risk; Cybersecurity risk; Derivatives risk; Energy risk; Foreign investment risk; Inflation risk; Interest rate risk; Leverage 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; Specific issuer risk; Substantial securityholder risk; Tax risk. Additional risks associated with an investment in ETF Series securities of this Fund include: Absence of an active market for ETF Series risk; Halted trading of ETF Series risk; Trading price of ETF Series 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 6/30/2024 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
Disclaimer: This advertisem*nt is for information purposes only and should not be relied upon as investment advice. We strongly recommend that you consult your investment professional for a comprehensive review of your personal financial situation before undertaking any investment strategy. Information herein is subject to change without notice and Ninepoint is not responsible for any inaccuracies or to update this information. 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 Funds may be lawfully sold in their jurisdiction.
Ninepoint Partners LP is the investment manager to the Ninepoint 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 or offering memorandum. Please read these documents carefully before investing. Commissions, trailing commissions, management fees, performance fees, other charges and expenses all may be associated with investing in the Funds. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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