Brompton Funds
Investment Mandate
To achieve a high level of tax-advantaged monthly distributions and the opportunity for capital appreciation by investing in a diversified portfolio of income producing securities including income trusts, dividend paying common shares and fixed income securities.
Top-Ranked Portfolio Manager
MFC Global Investment Management, a division of Manulife Financial Corp. - Alan Wicks and his award-winning team are the lead portfolio managers of the Fund and one of the top-rated managers of income oriented portfolios in Canada.
Attractive Tax-Efficient Distributions
High current yield. Pays a monthly distribution at an annual rate of $0.84 per unit. Distributions are expected to be primarily return of capital and to a lesser extent capital gains for tax purposes.
Low Fees
Management fee of 0.90% of net assets per annum, which includes fees payable to the Portfolio Manager
Managed by Brompton Funds Management Limited
Liquidity
TSX listing
Annual redemptions
Market repurchases (issuer bid)
| Click for Quote | (TSX: AV.UN) (OTC: BVPFF) |
| NAV (Sep 2, 2010) |
$9.76
The basic net asset value per unit is calculated by dividing the net assets of the Fund, which consists of total assets less the aggregate value of the liabilities, not including issued but unexercised warrants, by the total number of units outstanding.
|
| Inception Date | July 11, 2008 |
| Monthly Distribution (Aug 31, 2010) | $0.07 |
| Current Yield | 8.7% per unit (based on current monthly distribution annualized/closing market price as of 9/7/2010) |
| Total Assets (Jul 31, 2010) | $227 million |
Fund Mergers
At a Special Meeting held on June 9, 2008, unitholders of Brompton Advantaged Tracker Fund, BG Advantaged S&P/TSX Income Trust Index Fund, BG Advantaged Equal Weighted Income Fund, Brompton Top 50 Compound Growth Fund and BG Advantaged Corporate Bond Fund approved an extraordinary resolution to merge the funds into Brompton Advantaged VIP Income Fund. The reorganization of the Funds was designed to proactively address the uncertainty concerning the future of income trust investments resulting from the Federal government's October 31, 2006 decision to tax income trusts. For historical information on any of the above mentioned funds prior to July 11, 2008, please click on the appropriate fund.
Replay of March 23, 2010 Conference Call Click here