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Ninepoint Files Preliminary Prospectus for Nine New Single-Stock ETFs
CSUC · Price
Executive Summary
- Ninepoint Partners filed preliminary prospectuses for nine new single‑stock ETFs, expanding its HighShares lineup and introducing the first CoreShares ETF focused on Constellation Software.
- All ETFs will target high monthly cash distributions, employ covered‑call option writing, and carry a low management fee of 0.29%.
- The funds are positioned for qualified registered plans (RRSP, TFSA, etc.) and will not be marketable until final prospectus approval.
Key Details
- New ETFs announced (Ticker – Risk Rating):
- Ninepoint Constellation Software CoreShares ETF – CSUC – High
- Ninepoint Constellation Software HighShares ETF – CSHI – High
- Ninepoint Celestica HighShares ETF – CLHI – High
- Ninepoint Kinross Gold HighShares ETF – KGHI – High
- Ninepoint NVIDIA HighShares ETF – NVHI – High
- Ninepoint Tesla HighShares ETF – TSHI – High
- Ninepoint Palantir HighShares ETF – PLHI – High
- Ninepoint Alphabet HighShares ETF – GOHI – High
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Ninepoint Intel HighShares ETF – INHI – High
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Management fee: 0.29% for all new ETFs (both HighShares and CoreShares).
- Investment strategy: Levered single‑stock exposure with monthly cash distributions; covered call options written on a portion of holdings, proportion varying with market conditions.
- Distribution composition: May include eligible Canadian dividends, net income, capital gains, and/or return of capital for tax efficiency.
- DRIP eligibility: All ETFs allow automatic reinvestment of payouts.
- Qualified investments: Expected to be eligible for RRSPs, RRIFs, TFSAs, RESPs, RDSPs, FHSAs (subject to prospectus conditions).
- Regulatory status: Preliminary prospectus filed and receipted in all Canadian provinces/territories; ETFs will not be offered until a final prospectus is approved.
Notable Quotes
“Yield matters, but net return matters more. We are resetting the market standard by offering the lowest management fees in the single‑stock category,” – Karl Cheong, CFA, Executive Vice President and Head of ETFs, Ninepoint Partners.