Symphony Floating Rate Senior Loan Fund

Portfolio Manager

Symphony Asset Management LLC manages approximately US$16.3 billion in senior loans and has approximately US$19.6 billion in total assets under management, as at June 30, 2018. Senior Loan closed end funds sub-advised by Symphony have achieved top Lipper performance rankings in the Loan Participation Fund category over 10 years (as at June 30, 2018)(1). Symphony is a wholly-owned subsidiary of Nuveen Investments Inc.

Annual Compound Returns⁽¹⁾

Year-by-Year Returns

The tables 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 show the Fund’s year-by-year and compound returns for each period indicated compared with the Credit Suisse Leveraged Loan Index. The Credit Suisse Leveraged Loan Index (“Loan Index”) is an appropriate benchmark as it is designed to mirror the investable universe of the US dollar denominated leveraged loan market in which the Fund also invests. The Loan Index is unleveraged and its returns are calculated without the deduction of fees and Fund expenses, whereas the performance of the Fund includes the impact of leverage and is calculated after deducting fees and Fund expenses. Since the Fund is actively managed, the sector weightings may differ from those of the Loan Index.

⁽¹⁾ Returns are for the periods ended June 30, 2019.

⁽²⁾ Period from September 24, 2015 (commencement of operations) to June 30, 2019.

⁽³⁾ Period from November 1, 2011 (inception) to December 31, 2011.

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.