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Ninepoint Files Preliminary Prospectus for Nine New Single-Stock ETFs

TSHI · Price
Executive Summary
- Ninepoint Partners filed a preliminary prospectus for nine new single‑stock ETFs, expanding its HighShares suite and introducing the first CoreShares ETF.
- The ETFs will target both Canadian and U.S. companies across technology, resources, and industrial sectors, offering leveraged (HighShares) or unlevered (CoreShares) exposure with monthly cash distributions.
- All funds will charge a low management fee of 0.29%, positioning them as cost‑competitive options in the single‑stock ETF market.
Key Details
- Prospectus Filing: Preliminary prospectus issued and receipted by securities regulators in every Canadian province/territory; final prospectus required before sales can commence.
- ETF Lineup (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
- INHI – Ninepoint Intel HighShares ETF – High
- Investment Objective: Long‑term capital appreciation through purchase and holding of a single issuer’s common stock; monthly cash distributions funded partly by covered‑call option writing.
- Management Fee: Uniform 0.29% across all new ETFs, emphasizing low‑cost positioning.
- Distribution Structure: Monthly payouts may be classified as eligible Canadian dividends, net income, capital gains, or return of capital; DRIP‑eligible for automatic reinvestment.
- Qualified Investments: Expected to be eligible for registered plans (RRSP, RRIF, TFSA, RESP, RDSP, FHSA) subject to prospectus conditions.
- Quote: “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, EVP & Head of ETFs, Ninepoint Partners.
Notable Quotes
- Karl Cheong, CFA, Executive Vice President and Head of ETFs:
“Yield matters, but net return matters more. We are resetting the market standard by offering the lowest management fees in the single‑stock category.”