Brompton Funds
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
Initial target monthly distribution of $0.05833 per Class A unit (US$0.05833 per Class U unit) representing an initial yield on the issue price of 7% p.a.
Top-Ranked Sub-Advisor
Symphony Asset Management manages approximately US$5.4 billion in Senior Loan assets and is a subsidiary of Nuveen Investments Inc., the largest sponsor of US closed-end funds with approximately US$210 billion in assets under management. Senior Loan closed-end funds sub-advised by Symphony have achieved the top Lipper performance ranking on a 3, 5 and 10-year basis.
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 NAV per annum.
Strong Corporate Governance
Managed by Brompton Funds Limited
Liquidity
TSX listing
Annual redemptions
Market repurchases
| Click for Quote | (TSX: SSF.UN) |
| Monthly Distribution (Feb 29, 2012) | Class A – $ 0.05833 Class U – US$ 0.05833 |
| NAV (Feb 21, 2012) |
Class A – $
9.60
Class U – US$ 9.55 |
| Inception Date | November 1, 2011 |
| Current Yield | 7.0% per unit (based on current monthly distribution annualized/closing market price as of 2/22/2012) |
| Total Assets (Dec 31, 2011) | $76 million |
Conference Call with Symphony Asset Management - Feb. 6, 2012 click to listen Gunther Stein, CIO, Symphony Asset Management, explains investments in Senior Bank Loans . |
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