Symphony Floating Rate Senior Loan Fund

Why Invest?

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, best in class Sub-Advisor Symphony Asset Management has top-ranked performance and US$16bn Senior Loan AUM

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

FUND FACTS

Ticker (Class A Unit)
SSF.UN
CUSIP (Class A Unit)
87158A104
Outstanding (Class A Unit) (Sep 18, 2020)
8,592,652
CUSIP (Class U Unit)
87158A203
CUSIP (Class C Unit)
87158A302
CUSIP (Class F Unit)
87158A401
Inception Date
November 1, 2011
Currency
Hedged to CAD (Class A, C, F)
Manager/Portfolio Manager
Brompton Funds Limited
Auditor
PricewaterhouseCoopers LLP
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 June 30, 2020

Total Net Asset Value$63,809,000

Top 25 Holdings

	% of Portfolio	% of Net Asset Value
Frontier Communications Term Loan B-1	2.0%	3.0%
Life Time Fitness Inc. Term Loan B	1.7%	2.6%
Intelsat Jackson Holdings S.A. Term Loan B3	1.7%	2.5%
Caesars Resort Collection First Lien Term Loan	1.6%	2.4%
Pacific Gas & Electric 4.750% due February, 2044	1.4%	2.2%
Mc-Graw-Hill Education Holdings Inc. Term Loan B	1.4%	2.1%
Refinitiv Term Loan B	1.4%	2.1%
Clear Channel Outdoor Holdings, Inc. Term Loan B	1.4%	2.0%
Calpine Corporation Term Loan B-5	1.3%	2.0%
Uber Technologies, Inc. Term Loan	1.2%	1.8%
Cequel Communications, LLC (Cebridge) Term Loan B3	1.2%	1.7%
Gentiva Health Services, Inc. Term Loan B (First Lien)	1.1%	1.7%
Concordia Healthcare Corp. Exit Term Loan	1.1%	1.7%
Micro Focus International Plc Term Loan B	1.1%	1.7%
Avaya Inc. Tranche B Term Loan	1.1%	1.7%
Lions Gate Entertainment Corp. Term Loan B	1.0%	1.6%
Greenden U.S. Holdings II, LLC (Genesys Telecom Holdings U.S., Inc.) Term L	1.0%	1.6%
Coty Inc. Term Loan A	1.0%	1.6%
Formula One Group (Alpha Topco), Term Loan B	1.0%	1.6%
Meredith Corporation Tranche Term Loan B-2	1.0%	1.5%
Navistar Inc., Tranche B Term Loan	1.0%	1.5%
Syniverse Holdings, Inc. Tranche C Term Loan	1.0%	1.5%
TTM Technologies Term Loan B	0.9%	1.4%
Cash and short-term investments	0.9%	1.4%
GFL Environmental Term Loan	0.9%	1.4%
Total	30.4%	46.3%

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.

Performance NAV History

Class U Unit

Date	NAV	NAV+Dist'n⁽¹⁾
Sep 17, 2020	6.95	12.60
Sep 16, 2020	6.95	12.60
Sep 15, 2020	6.95	12.60
Sep 14, 2020	6.94	12.59
Sep 11, 2020	6.92	12.57
Sep 10, 2020	6.91	12.56
Sep 9, 2020	6.91	12.56
Sep 8, 2020	6.89	12.54
Sep 4, 2020	6.90	12.55
Sep 3, 2020	6.89	12.54
Sep 2, 2020	6.87	12.52
Sep 1, 2020	6.85	12.50
Aug 31, 2020	6.82	12.47
Aug 28, 2020	6.86	12.47
Aug 27, 2020	6.86	12.47
Aug 26, 2020	6.85	12.46
Aug 25, 2020	6.84	12.45
Aug 24, 2020	6.84	12.45
Aug 21, 2020	6.83	12.44
Aug 20, 2020	6.84	12.45
Aug 19, 2020	6.84	12.45
Aug 18, 2020	6.84	12.45
Aug 17, 2020	6.85	12.46
Aug 14, 2020	6.85	12.46
Aug 13, 2020	6.84	12.45
Aug 12, 2020	6.84	12.45
Aug 11, 2020	6.83	12.44
Aug 10, 2020	6.80	12.41
Aug 7, 2020	6.78	12.39
Aug 6, 2020	6.80	12.41
Aug 5, 2020	6.79	12.40
Aug 4, 2020	6.77	12.38
Jul 31, 2020	6.75	12.36
Jul 30, 2020	6.78	12.35
Jul 29, 2020	6.78	12.35
Jul 28, 2020	6.76	12.33
Jul 27, 2020	6.75	12.32
Jul 24, 2020	6.75	12.32
Jul 23, 2020	6.76	12.33
Jul 22, 2020	6.75	12.32
Jul 21, 2020	6.71	12.28
Jul 20, 2020	6.72	12.29
Jul 17, 2020	6.71	12.28
Jul 16, 2020	6.69	12.26
Jul 15, 2020	6.67	12.24
Jul 14, 2020	6.65	12.22
Jul 13, 2020	6.64	12.21
Jul 10, 2020	6.63	12.20
Jul 9, 2020	6.62	12.19
Jul 8, 2020	6.63	12.20

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⁽¹⁾ NAV plus cash distributions since fund inception

Growth of $10,000⁽¹⁾

Annual Compound Returns⁽¹⁾

	YTD	1-Year	3-Year	5-Year	S.I.- A & U⁽²⁾	S.I. - C & F⁽³⁾
Symphony Floating Rate Senior Loan Fund - Class A	(11.1%)	(9.5%)	(1.2%)	1.2%	3.8%	n.a
Symphony Floating Rate Senior Loan Fund - Class C	(10.4%)	(8.9%)	(1.2%)	n.a	n.a	(0.4%)
Symphony Floating Rate Senior Loan Fund - Class F	(11.1%)	(9.6%)	(1.1%)	n.a	n.a	(0.4%)
Symphony Floating Rate Senior Loan Fund - Class U	(10.1%)	(8.4%)	(0.6%)	1.5%	3.7%	n.a

Year-by-Year Returns

	2019	2018	2017	2016	2015	2014	2013	2012	2011
Symphony Floating Rate Senior Loan Fund - Class A	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	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	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	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 August 31, 2020. 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⁾ Inception Date: January 10, 2017

⁽⁴⁾ Period from November 1, 2011 (commencement of operations) to December 31, 2011.

⁽⁵⁾ 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.

DRIP Plan

Tax Allocation

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.

Select a year

Class U Unit

Record Date	Payment Date	Return of Capital	Foreign Non- Business Income	Total Distribution
Sep 30, 2020	Oct 15, 2020	0.00000	0.00000	0.04000
Aug 31, 2020	Sep 15, 2020	0.00000	0.00000	0.04000
Jul 31, 2020	Aug 17, 2020	0.00000	0.00000	0.04000
Jun 30, 2020	Jul 15, 2020	0.00000	0.00000	0.05000
May 29, 2020	Jun 12, 2020	0.00000	0.00000	0.05000
Apr 30, 2020	May 14, 2020	0.00000	0.00000	0.05000
Mar 31, 2020	Apr 15, 2020	0.00000	0.00000	0.05000
Feb 28, 2020	Mar 13, 2020	0.00000	0.00000	0.05000
Jan 31, 2020	Feb 14, 2020	0.00000	0.00000	0.05000
Dec 31, 2019	Jan 15, 2020	0.00689	0.04311	0.05000
Nov 29, 2019	Dec 13, 2019	0.00689	0.04311	0.05000
Oct 31, 2019	Nov 14, 2019	0.00689	0.04311	0.05000
Total		0.02067	0.12933	0.57000

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Symphony Floating Rate Senior Loan Fund

Why Invest?

Investment Objectives

This Fund is for Investors who are:

FUND FACTS

Portfolio Manager

Symphony Floating Rate Senior Loan Fund

Top 25 Holdings

Growth of $10,000(1)

Annual Compound Returns(1)

Year-by-Year Returns

Distributions

Tax Allocation

Brompton Funds Limited

Quick Contact

Growth of $10,000⁽¹⁾

Annual Compound Returns⁽¹⁾