Brompton Funds

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Objectives To provide shareholders with the opportunity for capital appreciation by investing in an actively-managed diversified portfolio of uranium companies.
Portfolio 20 - 40 international uranium companies comprised of producers, developers and exploration companies.
Low Fees 1.10 % per annum of net assets per annum, which includes fees payable to the Portfolio Manager

2007 annualized management expense ratio of 1.88%
Manager Brompton Funds Management Limited
Portfolio Manager UBS Global Asset Management (Canada) Co.
Service Fee 0.40% of net asset value is paid quarterly to Investment Advisors
Investment Approach
  1. Uranium producers and developers are evaluated based on price-to-intrinsic value methodology, primarily using discounted cash flow modeling;
  2. Exploration companies, for which cash flows are not as predictable or identifiable, will be evaluated using other investment metrics, such as asset-based valuations, industry positioning, quality of assay results, quality of management and joint venture partners; and
  3. Overall objective is to identify those uranium companies that UBS Global Asset Management believes have solid and recognizable competitive strengths that will trigger eventual market recognition of embedded value.
Eligibility Eligible for RRSPs, DPSPs and RRIFs.
Redemption Annually on the second last business day of November, provided units are tendered by the last business day of October. [Click to expand]
Shares may be redeemed annually at the option of the unitholder on the second last business day of November ("Redemption Value Date") by tendering units of the Fund by the last business day of October commencing in 2008. The redemption price will be equal to the net asset value per share on the Redemption Value Date, less all costs incurred by the Fund in connection with such payment. For redemptions in 2008 and 2009, shareholders must concurrently tender one-half warrant with one equity share in order to receive basic net asset value per share less costs. The basic net asset value per share includes the intrinsic net asset value, if any, attributable to the warrant.
Warrants Global Uranium Corp. warrants are exercisable until June 30, 2010. Two warrants and $10.25 purchase one equity share.
Termination The Fund has no termination date. Investors may redeem their units at net asset value annually or sell their units in the market.
Issuer Bid/Market Purchases The Fund may purchase up to 10% per annum of its outstanding units at prices up to net asset value per unit.
Fair Investor Terms Strong corporate governance
Commitment to low fees and overall cost containment
No entrenched management provisions and a prohibition against dilutive equity offerings.
TSX Listing Equity shares - GUR
Warrants - GUR.WT
CUSIP Equity shares - 379462104
Warrants - 379462112