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MORE ABOUT SYMPHONY FLOATING RATE SENIOR LOAN FUND

Update Call with Symphony Asset Management (Nov. 5, 2014):  listen now

September 2014 Fund Highlights & Outlook

Investment Mandate
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 $0.05 per Class A unit (US$0.05 per Class U unit).

Sub-Advisor
Symphony Asset Management LLC is the investment manager of Symphony Floating Rate Senior Loan Fund. Backed by an institutional-calibre integrated credit platform and supported by a 23-member team of experienced credit investment professionals, Symphony manages approximately US$14.0 billion in senior loans and has approximately US$17.5 billion in total assets under management, as at December 31, 2014. Funds sub-advised by Symphony have achieved the top five and ten-year performance rankings by Lipper as at December 31, 2014(1) for the senior loan asset class. Symphony is a wholly-owned subsidiary of Nuveen Investments Inc. 

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.

Low Fees
Management fee of 1.25% of net asset value per annum.

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

Liquidity
TSX listing
Annual redemptions
Market repurchases

(1) Source: Lipper December 31, 2014 Monthly Report provided to Nuveen Investments Inc.  Rankings should not be construed as a statement of client experience or endorsement.

Gunther Stein, CIO, Symphony Asset Management, explains investments in Senior Bank Loans

Symbol(s)

TSX : SSF.UN

NAV (Feb 27, 2015)

Class A : $9.73
Class U : US$9.52

Monthly Distribution (Mar 27, 2015)

Class A : $0.05000
Class U : US$0.05000

Closing Price (Mar 02, 2015)

$9.29

Current Yield (Mar 02, 2015)

6.50%

Total Assets (Jan 31, 2015)

$431 million

Portfolio Summary
Monthly Commentary - Dec. 2014
For past commentaries please check the Fund Documents page
Sector Breakdown

Technology 12%
Percentage
Services 10%
Percentage
Healthcare Providers and Services 9%
Percentage
Media 9%
Percentage
Retail 9%
Percentage
Hotels, Restaurants and Leisure 8%
Percentage
Telecommunications 6%
Percentage
Oil and Gas 6%
Percentage
Healthcare Equipment and Supplies 5%
Percentage
Banking and Finance 5%
Percentage
Consumer Products 5%
Percentage
Pharmaceuticals 5%
Percentage
Other 4%
Percentage
Material 3%
Percentage
Electronics 2%
Percentage
Cash and Short-Term Investments 2%
Percentage