MORE ABOUT SYMPHONY FLOATING RATE SENIOR LOAN FUND
March 31, 2014 Fund Highlights & Outlook
Update Call with Symphony Asset Management (Dec. 2013): listen now
Presentation Slides (Dec. 2013): download
The Fund was created to invest in an actively managed, diversified portfolio consisting primarily of short-duration floating rate senior secured loans.
Attractive Monthly Distributions
Monthly distribution of $0.05833 per Class A unit (US$0.05833 per Class U unit).
Symphony Asset Management manages approximately US$12.3 billion in Senior Loan assets (as at Dec. 31, 2013) and is a subsidiary of Nuveen Investments Inc., the largest sponsor of US closed-end funds with approximately US$215 billion in assets under management as at September 30, 2013. Senior Loan closed-end funds sub-advised by Symphony have achieved the top 3, 5 and 10-year performance ranking in the Loan Participation Fund category by Lipper as at December 31, 2013(1).
Attractive Asset Class/Compelling Entry Point
Senior Loans have first priority claim over borrower’s assets and offer a high level of capital preservation. Senior Loans offer attractive yields in the current low interest rate environment and have had strong performance both before and during periods of rising rates.
Management fee of 1.25% of net asset value per annum.
Managed by Brompton Funds Limited, an investment fund manager since 2002.
(1) Source: Lipper December 31, 2013 Monthly Report provided to Nuveen Investments Inc. Rankings should not be construed as a statement of client experience or endorsement.