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.
Nuveen Asset Management, LLC (“NAM”), is the is the sub-advisor for the Symphony Floating Rate Senior Loan Fund. NAM specializes in the management of debt and equity strategies including senior loan portfolios. NAM, a registered investment adviser, has been in business for over thirty years and had an aggregate of U.S. $252 billion of assets under management as of September 30, 2022. NAM is an indirect subsidiary of Nuveen, LLC which is a subsidiary of Teachers Insurance and Annuity Association of America.
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Summary of Investment Portfolio as at September 30, 2023
% of Portfolio | % of Net Asset Value | |
---|---|---|
QuarterNorth Energy Holding Inc. | 5.1% | |
Medline Borrower, LP 8.681% due October 21, 2028 | 1.9% | |
Surgery Center Holdings Inc. 9.189% due August 31, 2026 | 1.6% | |
Energy Harbor Corp. | 1.5% | |
Clear Channel Outdoor Holdings, Inc. 9.130% due August 23, 2026 | 1.4% | |
Epicor Software Corporation 8.681% due July 31, 2027 | 1.4% | |
Bausch + Lomb 8.755% due May 05, 2027 | 1.4% | |
QuarterNorth Energy Holding Inc. 13.431% due August 27, 2026 | 1.3% | |
WestJet Airlines Ltd. 8.420% due December 11, 2026 | 1.2% | |
Mileage Plus Holdings, LLC 10.798% due June 20, 2027 | 1.1% | |
Open Text Corp. 8.062% due January 31, 2030 | 1.1% | |
Cengage Learning, Inc. 10.323% due July 14, 2026 | 1.1% | |
Jazz Financing Lux S.a.r.l. 8.931% due May 05, 2028 | 0.9% | |
Equinox Holdings Inc. 8.731% due March 08, 2024 | 0.9% | |
Informatica LLC 8.181% due October 14, 2028 | 0.8% | |
DTI Holdings Inc. 10.119% due April 21, 2029 | 0.8% | |
SkyMiles IP Ltd. 9.076% due October 20, 2027 | 0.8% | |
Delta Topco, Inc. 9.069% due December 01, 2027 | 0.8% | |
Boxer Parent Company Inc. 9.181% due October 02, 2025 | 0.8% | |
Organon & Co 8.442% due June 02, 2028 | 0.8% | |
ClubCorp Operations, Inc. 8.181% due September 18, 2024 | 0.8% | |
Cash | 0.8% | |
UKG Inc. 8.618% due May 03, 2026 | 0.8% | |
Altice France SA 9.626% due August 14, 2026 | 0.8% | |
PCI Gaming Authority 7.931% due May 31, 2026 | 0.7% | |
Total | 30.6% | 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.
YTD | 1-Year | 3-Year | 5-Year | 10-Year | S.I.- A & U(2) | |
---|---|---|---|---|---|---|
Symphony Floating Rate Senior Loan Fund - Class A | 8.6% | 9.7% | 7.0% | 2.1% | 3.2% | 4.6% |
Symphony Floating Rate Senior Loan Fund - Class U | 8.6% | 9.7% | 6.9% | 2.4% | 3.2% | 4.5% |
2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Symphony Floating Rate Senior Loan Fund - Class A | (7.1%) | 13.9% | (4.4%) | 8.3% | (0.8%) | 3.4% | 17.2% | (6.2%) | 1.0% | 9.9% | 14.9% |
Symphony Floating Rate Senior Loan Fund - Class U | (7.2%) | 13.5% | (3.2%) | 8.8% | (0.6%) | 3.6% | 15.6% | (5.6%) | 0.3% | 9.2% | 14.5% |
(1) Returns are for the periods ended October 31, 2023. 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.
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.
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.
Record Date | Payment Date | Capital Gains | Eligible Dividend | Foreign Non- Business Income | Foreign Non- Business Income Tax Paid | Other Income | Return of Capital | Total Distribution |
---|---|---|---|---|---|---|---|---|
Dec 29, 2023 | Jan 15, 2024 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Nov 30, 2023 | Dec 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Oct 31, 2023 | Nov 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Sep 30, 2023 | Oct 16, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Aug 31, 2023 | Sep 15, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Jul 31, 2023 | Aug 15, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Jun 30, 2023 | Jul 17, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
May 31, 2023 | Jun 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Apr 28, 2023 | May 12, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Mar 31, 2023 | Apr 17, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Feb 28, 2023 | Mar 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Jan 31, 2023 | Feb 14, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.04700 |
Total | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.56400 |
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