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About Ninepoint Alternative Credit Opportunities Fund Series -ETF- Trust Units
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Inception date
Apr 30, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Ninepoint Partners LP
ISIN
CA65443Q1000
The fund aims to provide exposure to the fixed income market, primarily investing in a mix of Canadian, US, and international securities for short-term and long-term gain. The securities comprising the fund are selected by the manager based on their assessment of the markets and potential investment opportunities. The fund expects a long exposure on corporate bonds and short positions in government bonds to hedge against interest rate risk. No limitations are set regarding market value, geography, industry and maturity. NACO may also borrow up to 50% of its assets to use as leverage or to enter into short positions. The fund is actively managed.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Securitized
Stocks0.14%
Non-Energy Minerals0.07%
Bonds, Cash & Other99.86%
Corporate151.28%
Securitized20.86%
Government15.33%
Cash5.23%
Rights & Warrants0.11%
Futures0.06%
Miscellaneous−93.00%
Stock breakdown by region
North America91.68%
Europe7.12%
Oceania1.20%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NACO invests in bonds. The fund's major sectors are Corporate, with 151.28% stocks, and Securitized, with 20.86% of the basket. The assets are mostly located in the North America region.
NACO assets under management is 5.21 M CAD. It's risen 0.40% over the last month.
NACO fund flows account for 2.24 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, NACO doesn't pay dividends to its holders.
NACO shares are issued by Ninepoint Financial Group, Inc. under the brand Ninepoint. The ETF was launched on Apr 30, 2021, and its management style is Active.
NACO expense ratio is 1.10% meaning you'd have to pay 1.10% of your investment to help manage the fund.
NACO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NACO invests in bonds.
NACO price has risen by 0.52% over the last month, and its yearly performance shows a −0.34% decrease. See more dynamics on NACO price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.96% increase in three-month performance and has increased by 5.62% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.96% increase in three-month performance and has increased by 5.62% in a year.
NACO trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.