Ninepoint Files Preliminary Prospectus for Nine New Single-Stock ETFs
Executive Summary
- Ninepoint Partners filed preliminary prospectuses for nine new single‑stock ETFs, expanding its HighShares lineup and introducing the first CoreShares ETF (Constellation Software).
- All ETFs will target high monthly cash distributions, employ covered‑call writing, and carry a low management fee of 0.29%.
- The funds are not yet available for sale; they require receipt of a final prospectus before any offering can occur.
Key Details
- New ETFs announced (Ticker – Risk Rating):
- CSUC – Ninepoint Constellation Software CoreShares ETF – High
- CSHI – Ninepoint Constellation Software HighShares ETF – High
- CLHI – Ninepoint Celestica HighShares ETF – High
- KGHI – Ninepoint Kinross Gold HighShares ETF – High
- NVHI – Ninepoint NVIDIA HighShares ETF – High
- TSHI – Ninepoint Tesla HighShares ETF – High
- PLHI – Ninepoint Palantir HighShares ETF – High
- GOHI – Ninepoint Alphabet HighShares ETF – High
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INHI – Ninepoint Intel HighShares ETF – High
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Investment objectives:
- Long‑term capital appreciation through leveraged (HighShares) or unlevered (CoreShares) single‑stock exposure.
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Generation of high monthly cash distributions, partly via covered‑call option writing.
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Management fee: 0.29% for all new ETFs, positioned as the lowest in the single‑stock ETF category.
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Distribution policy: Monthly payouts may consist of eligible Canadian dividends, net income, capital gains, and/or return of capital; DRIP eligibility offered.
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Eligibility: Expected to be qualified investments for registered plans (RRSP, RRIF, TFSA, RESP, RDSP, FHSA).
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Regulatory status: Preliminary prospectus filed with securities regulators in all Canadian provinces/territories; final prospectus receipt required before any sales can commence.
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.