Brompton Funds
Portfolio
Pure play portfolio of 20 – 40 international uranium equities, comprised of producers, developers, and explorers.
World Class Portfolio Manager
UBS Global Asset Management, one the world's largest and most respected global asset managers with approximately $635 billion in assets under management globally.
- 25 year track record of exceptional performance.
- Portfolio management team is comprised of six global materials specialists with an average of 14 years investment management experience.
Uranium Fundamentals
Supply/demand gap is expected to benefit uranium producers, developers and exploration companies as valuable long-term contracts are being negotiated at historically high prices. (click here for more information)
Low Fees
Management fee of 1.10% per annum, which includes fees payable to Portfolio Manager
Strong Corporate Governance
Managed by Brompton Funds Management Limited
TSX listing
Annual redemptions
Market repurchase program
| TSX Symbol (click for quote) |
GUR GUR.WT |
| NAV (Mar 4, 2010) |
$2.48 (Basic)
The basic net asset value per unit is calculated by dividing the net assets of the Fund, which consists of total assets less the aggregate value of the liabilities, not including issued but unexercised warrants, by the total number of units outstanding.
$2.48 (Fully Diluted)
Fully dilutive net value per unit assumes the exercise of all outstanding warrants if the basic net asset value per unit is in excess of the warrant exercise price. Total net assets would be increased by the amount of cash received (all warrants outstanding multiplied by the warrant exercise price, less costs) from exercise of the warrants and total units outstanding would be increased by the number of units issued pursuant to the exercise of the warrants. If the basic net asset value per unit is less than the warrant exercise price, the basic and diluted net asset value will be the same.
|
| Inception Date | June 18, 2007 |
| Total Assets (Dec 31, 2009) | $19 million |
-
Strong Uranium Fundamentals:
Projected supply/demand imbalance will benefit uranium equities in medium and long-term.Portfolio Manager believes spot price and equity price declines in past year are temporary and provide attractive entry point for investors.
-
Constrained Supply:
Current production satisfies only 2/3 of uranium demand.Shortfall is made up by secondary supply, which is finite, depleting and expected to be drastically reduced by 2013.
Highly Enriched Uranium Agreement, whereby Russia provides uranium recycled from nuclear weapons, which accounted for 10% of world supply will expire in 2013. -
Increasing Global Demand:
Nuclear power is a low emission and cost-efficient energy source.107 new nuclear power plants expected to be built by 2020, requiring 45% increase in current mined supply.
New demand is primarily from merging markets; approximately 50% of new energy capacity is expected to come from Brazil, Russia, India and China.
Source: World Nuclear Association, June 2008.
Portfolio Manager’s Report Year-end 2008
Dec. 11, 2009 - News Release Warrants FAQ Dec. 9, 2009 - Warrant Offering English Final Prospectus Dec. 9, 2009 - Warrant Offering French Final Prospectus