Brompton Funds
Portfolio
Investment grade portfolio: 100% of portfolio is invested in fixed income securities rated at least investment grade at time of purchase, primarily US Preferred securities, portfolio is highly diversified by issuer and issue.
Rating
Fund is rated P-2f rating from Standard & Poor’s
High Monthly Income
Pays a monthly distribution at an annual rate of $0.96 per unit
Currency Hedge
The portfolio's US dollar exposure is hedged back to Canadian dollars to protect against currency risk.
Best-in-Class Portfolio Manager
Established in 1983, Flaherty & Crumrine Incorporated (F&C) is the oldest and most experienced asset manager specializing in preferred securities with extensive experience in debt instruments and approximately $2.6 billion AUM.
Low Fees
Management fee of 1.0% of net assets per annum, which includes fees payable to the Portfolio Manager
Strong Corporate Governance
Managed by Brompton Funds Management Limited
Liquidity
TSX listing
Annual redemptions
Market repurchases (issuer bid)
| TSX Symbol (click for quote) | FFI.UN |
| NAV (Aug 27, 2010) |
$10.26 (Basic)
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 | Dec. 15, 2004 |
| Monthly Distribution (Aug 31, 2010) | $0.08 |
| Current Yield | 9.6% per unit (based on current monthly distribution annualized/closing market price as of 9/2/2010) |
| Total Assets (Jul 31, 2010) | $195 million |
