Brompton Group

 

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MORE ABOUT SYMPHONY FLOATING RATE SENIOR LOAN FUND

March 31, 2014 Fund Highlights & Outlook

Update Call with Symphony Asset Management (April 2014): listen now

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 $0.05833 per Class A unit (US$0.05833 per Class U unit).

Sub-Advisor
Symphony Asset Management manages approximately US$12.2 billion in Senior Loan assets (as at Mar. 31, 2014) 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 March 31, 2014(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.

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 March 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 (Jul 21, 2014)

Class A : $10.01
Class U : US$9.80

Monthly Distribution (Jul 31, 2014)

Class A : $0.05833
Class U : US$0.05833

Closing Price (Jul 22, 2014)

$9.70

Current Yield (Jul 22, 2014)

7.20%

Total Assets (Jun 30, 2014)

$405 million

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

Technology 11%
Percentage
Services 10%
Percentage
Healthcare Providers and Services 10%
Percentage
Oil and Gas 9%
Percentage
Media 8%
Percentage
Hotels, Restaurants and Leisure 7%
Percentage
Pharmaceuticals 7%
Percentage
Consumer Products 6%
Percentage
Banking and Finance 6%
Percentage
Retail 6%
Percentage
Healthcare Equipment and Supplies 5%
Percentage
Telecommunications 4%
Percentage
Cash and Short-Term Investments 4%
Percentage
Other 3%
Percentage
Electronics 2%
Percentage
Materials 2%
Percentage