Brompton Group

 

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Update Call with Flaherty & Crumrine (Oct. 15, 2013): listen now

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
Monthly distribution of $0.08 per unit

Currency Hedge
The portfolio's US dollar exposure is hedged back to Canadian dollars to protect against currency risk.

Portfolio Manager
Established in 1983, Flaherty & Crumrine Incorporated specializes in US dollar denominated preferred securities and corporate debt instruments.  The firm uses intensive credit analysis, thorough analysis of securities' terms and structures and active portfolio management, exploiting pricing inefficiencies in the fixed income market to provide attractive rates of return on its funds.

Low Fees
Management fee of 1.0% of net assets per annum, which includes fees payable to the Portfolio Manager

Experienced Manager
Managed by Brompton Funds Limited, an investment fund manager since 2002.

Liquidity
TSX listing
Annual redemptions
Market repurchases (issuer bid)

Symbol(s)

TSX : FFI.UN

NAV (Sep 12, 2014)

$13.11

Monthly Distribution (Sep 30, 2014)

$0.08

Closing Price (Sep 18, 2014)

$12.90

Current Yield (Sep 18, 2014)

7.40%

Total Assets (Aug 31, 2014)

$189 million

Portfolio Summary
Investor Brochure
Sector Breakdown

Insurance 52%
Percentage
Banking 25%
Percentage
Utilities 8%
Percentage
Cash and Short-Term Investments 6%
Percentage
Energy 4%
Percentage
Financial Services 4%
Percentage
Communications 1%
Percentage