Firm set to reduce fees for selected series of funds, terminate certain low load fund options and ETFs
Ninepoint Partners has announced a slew of upcoming changes to certain funds it manages.
As of April 30, the firm said it will be reducing the management fee payable on series D securities of the following funds:
|
Fund |
Current Management Fee (%) |
New Management Fee (%) |
|
Series D |
Series D |
|
|
Ninepoint Diversified Bond Fund |
1.2 |
0.75 |
|
Ninepoint Energy Fund |
2 |
1.5 |
|
Ninepoint Global Infrastructure Fund |
1.5 |
1 |
|
Ninepoint Global Real Estate Fund |
1.5 |
1 |
|
Ninepoint Gold and Precious Minerals Fund |
2 |
1.5 |
|
Ninepoint High Interest Savings Fund |
0.26 |
0.14 |
|
Ninepoint Alternative Health Fund |
1.75 |
1.25 |
|
Ninepoint International Small Cap Fund |
2 |
1.5 |
|
Ninepoint FX Strategy Fund |
2 |
1.75 |
|
Ninepoint Diversified Bond Class |
1.2 |
0.75 |
|
Ninepoint Resource Class |
2 |
1.5 |
|
Ninepoint Silver Equities Class |
2 |
1.5 |
|
Ninepoint Risk Advantaged U.S. Equity Index Class |
1.3 |
0.8 |
|
Ninepoint Return Advantaged U.S. Equity Index Class |
1.3 |
0.8 |
|
Ninepoint Focused Global Dividend Class |
1.5 |
1 |
|
Ninepoint Gold Bullion Fund |
0.65 |
0.5 |
|
Ninepoint Silver Bullion Fund |
1.08 |
0.85 |
On the same date, the firm said it will also be terminating the low load sales option for new purchases of Ninepoint Energy Fund, Ninepoint Global Infrastructure Fund, Ninepoint Global Real Estate Fund, Ninepoint Gold and Precious Minerals Fund, Ninepoint Resource Class, Ninepoint Silver Equities Class, Ninepoint Diversified Bond Fund, Ninepoint Diversified Bond Class, and Ninepoint Focused Global Dividend Class.
Finally, it said it will terminate the U.S. dollar purchase option of ETF series securities of Ninepoint Gold and Precious Minerals Fund (GLDE.U) and Ninepoint Silver Equities Class (SLVE.U), both of which are currently listed on the NEO Exchange.
Those options are expected to be de-listed at the close of business on or about April 30; investors holding securities purchased under the U.S. dollar purchase option will receive the proceeds of the redemptions and distributions in U.S. dollars on or before the date.
