High level of capital preservation as Senior Loans have first priority of repayment and are secured by the issuer’s assets
Low interest rate risk as the floating rate coupons on Senior Loans protect investors from capital loss when interest rates rise
Experienced Sub-Advisor: Nuveen Asset Management
Investment Objectives
Provide monthly distributions, and
Preserve capital
The Fund invests in an actively managed, diversified portfolio consisting primarily of short-duration floating rate senior corporate instruments, including senior loans and other senior debt obligations of North American non-investment grade corporate borrowers.
This Fund is for Investors who are:
Seeking a high level of income
Seeking capital preservation
Comfortable with an investment that employs leverage
Outstanding (Class A Unit)
(May 29, 2022) 6,834,665
CUSIP (Class U Unit)
87158A203
Inception Date (CAD Hedged) November 1, 2011
Manager/Portfolio Manager Brompton Funds Limited
Auditor PricewaterhouseCoopers LLP
Currency Hedged to CAD (Class A, C, F)
Custodian CIBC Mellon Trust Company
Eligibility All registered and non-registered accounts
Annual Redemption Date 2nd last business day of March
Annual Redemption Notice Deadline Last business day of January
Leverage Up to 40% of total assets
Sub Advisor Symphony Asset Management LLC
Portfolio Manager
Symphony Asset Management LLC manages approximately US$14.6 billion in senior loans and has approximately US$17.3 billion in total assets under management, as at December 31, 2019. Symphony is a wholly-owned subsidiary of Nuveen Investments Inc.
Market Data provided by TMX, and powered by QuoteMedia
Symphony Floating Rate Senior Loan Fund
Summary of Investment Portfolio as at March 31, 2022
Total Net Asset Value$56,100,580
Top 25 Holdings
% of Portfolio
% of Net Asset Value
Fieldwood Energy LLC
2.8%
Syniverse Holdings, Inc. Term Loan Tranche C
2.1%
Fieldwood Energy LLC Penny Warrants expiry August 27, 2028
1.7%
Revlon Consumer Products Corporation 2016 Term Loan
1.6%
Clear Channel Outdoor Holdings, Inc. Term Loan B
1.6%
PAREXEL International Corp Term Loan B
1.2%
Onex Carestream Finance LP Second Lien Term Loan
1.2%
Petsmart Inc. Term Loan
1.2%
Fieldwood Energy LLC 2nd Lien Term Loan
1.2%
Greeneden U.S. Holdings II, LLC 2020 Term Loan B
1.1%
Medline Industries Inc (Mozart Borrower LP) Term Loan B
1.1%
Caesars Resort Collection, LLC First Lien Term Loan
1.1%
Norton Life Lock 2022 Term Loan
1.0%
DIRECTV Holdings LLC Term Loan B
1.0%
Energy Habor Corp
1.0%
HD Supply Waterworks, Ltd. Refinanced Term Loan
1.0%
Cengage Learning Acquisitions, Inc. Term Loan
1.0%
Lumileds Term Loan B
0.9%
Equinox Holdings Inc. Incremental Term Loan B-1
0.9%
Cequel Communications, LLC (Cebridge) Term Loan B-3
0.9%
Air Medical Group Holdings Inc. Term Loan B
0.9%
Station Casinos LLC Term Loan B
0.8%
Verscend Technologies Term Loan
0.8%
Onex Carestream Finance LP 2023 First Lien Term Loan
0.8%
Formula One Group Term Loan B
0.8%
Total
29.7%
0%
1)The investment portfolio may change due to ongoing portfolio transactions of the investment fund. Quarterly updates are available on the Fund's website at www.bromptongroup.com within 60 days of each quarter end.
PerformanceNAV History
From To Download
No Data Found
Growth of $10,000(1)
Annual Compound Returns(1)
YTD
1-Year
3-Year
5-Year
10-Year
S.I.- A & U(2)
Symphony Floating Rate Senior Loan Fund - Class A
0.8%
7.5%
3.2%
3.5%
4.8%
5.3%
Symphony Floating Rate Senior Loan Fund - Class U
0.8%
7.3%
3.7%
3.9%
4.9%
5.2%
Year-by-Year Returns
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Symphony Floating Rate Senior Loan Fund - Class A
13.9%
(4.4%)
8.3%
(0.8%)
3.4%
17.2%
(6.2%)
1.0%
9.9%
14.9%
0.7%(4)
Symphony Floating Rate Senior Loan Fund - Class C
19.5%
(3.5%)
8.1%
(1.2%)
2.9%(5)
n.a
n.a
n.a
n.a
n.a
n.a
Symphony Floating Rate Senior Loan Fund - Class F
16.3%
(4.3%)
8.1%
(0.2%)
3.0% (5)
n.a
n.a
n.a
n.a
n.a
n.a
Symphony Floating Rate Senior Loan Fund - Class U
13.5%
(3.2%)
8.8%
(0.6%)
3.6%
15.6%
(5.6%)
0.3%
9.2%
14.5%
0.3% (4)
(1) Returns are for the periods ended April 30, 2022.
The tables above show the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per Class A or Class U unit and assumes that distributions made by the Fund on its units in the periods shown were reinvested (at Net Asset Value per Class A or Class U unit) in additional units of the Fund. The tables above show the Fund’s year-by-year and compound returns for each period indicated.
(2) Inception Date: November 1, 2011
(3) Period from November 1, 2011 (commencement of operations) to December 31, 2011.
(4) Period from January 10, 2017 (inception) to December 31, 2017.
Returns for Symphony Floating Rate Senior Loan Fund are unaudited.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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Distributions
The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March as soon as possible following receipt of the information from the Fund’s individual holdings. This information will also be posted on the website as soon as it is available.
This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.
The following information is applicable to holders who, for the purposes of the Income Tax Act (Canada), are resident in Canada and hold trust units as capital property. If this is not the case, a tax advisor should be consulted.
Holders of trust units outside of a RRSP, DPSP, RRIF, RESP or TFSA should expect to receive a T3 slip from their investment dealer. T3 supplementary slips will indicate Other Income (Investment Income and Non-Investment Income) in Box 26, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Eligible Dividend Income in Box 49. Dividend income is subject to the standard gross up and federal dividend tax credit rules. The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units and is reported in Box 42.
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