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Fund Price: $10.46 (as at September 16, 2014)  1-day chg: $.0001 0.00%  YTD: 1.27%

Returns as at August 31, 2014

  Fund Group Avg Index*
1 Month 0.22% 0.19% 0.19%
3 Months 0.03% 0.31% 0.31%
6 Months 0.86% 0.81% 0.79%
1 Year 2.29% 2.24% 2.28%
2 Year Avg 1.64% 1.34% 1.27%
3 Year Avg - 1.40% 1.40%
4 Year Avg - 1.53% 1.53%
5 Year Avg - 1.85% 1.86%
10 Year Avg - 2.04% 2.44%
15 Year Avg - 3.09% 2.97%
20 Year Avg - 4.06% 3.72%
Since Inception - - -
 
2013 1.16% 0.54% 0.48%
2012 1.72% 1.50% 1.39%
2011 - 2.99% 2.96%
 
3 year risk - 1.23 0.90
3 year beta - 1.00 1.00

*Globe Cdn Short Tm Fixed Inc Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Short Tm Fixed Inc Peer Index.

Risk Measures as at August 31, 2014

Best/Worst 12 months (since inception)
Best (ending Apr 13): 2.64 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Sep 13): 0.83 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 1 High

Fund Objectives

The Fund aims to preserve capital and maintain liquidity. It seeks a similar return to its underlying fund, Sprott Short-Term Bond Fund, by investing substantially all of its assets in securities of that fund. The underlying fund invests primarily in short-term debt securities issued by Canadian federal, provincial and municipal governments as well as corporate issuers.

Fund Facts

Fund Sponsor: Sprott Asset Management LP
Managed by: Sprott Asset Management LP
Fund Type: MF Corp
Inception Date: September 2011
Asset Class: Canadian Short Term Fixed Income
Quartile Rank: - (3YR ending August 31, 2014)
Total Assets: $2.0 million
Mgmt Exp. Ratio (MER): 0.84%
Management Fee: 0.75%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$1,000
Subsequent:
$100
Min. Invest (initial RRSP):
$1,000
Subsequent RRSP:
$100
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation March 31, 2014

Bond Type March 31, 2014

Bond Term March 31, 2014

Top Holdings as at March 31, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at September 16, 2014
1 Year Performance (%)
  John Deere Credit, 1.95%, APR/12/17 Bond 7.9   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Capital Power, 4.60%, DEC/01/15 Bond 6.57   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  HSBC Bank Canada, 2.90%, JAN/13/17 Bond 6.48   1.18 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  BP Capital Markets PLC, 2.74%, FEB/24/17 Bond 6.43   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Canadian Western Bank, 2.57%, NOV/04/14 Bond 6.34   -0.76 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Cards Trust Series 1998, 1.98%, JAN/15/16 Bond 6.34   0.65 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  American Express, 2.31%, MAR/29/18 Bond 6.32   3.76 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  BMW Finance, 2.64%, AUG/10/15 Bond 4.96   -0.21 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Toyota Motor Credit Corp. Cda, 2.45%, FEB/27/17 Bond 4.81   1.64 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Rogers Communications, 2.80%, MAR/13/19 Bond 4.41   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

Scott Colbourne, CFA, MBA

Sprott Asset Management LP

Start Date: October, 2011

Fund Return: 1.76%

Scott joined Sprott Asset Management LP in March 2010 and brings over 22 years of global fixed income and currency market experience to the firm. Previously, Scott was senior Vice President and portfolio manager at AGF Funds Inc. where he managed all of the fixed income mandates and co-managed balanced funds. Scott was also a managing director and partner at a Canadian hedge fund focusing on global fixed income and currency management. Prior to joining Sprott, Scott was a senior fixed income portfolio manager at TD Asset Management, where he was part of a team that managed all the firm�s active fixed income institutional, retail and private client assets. Scott began his career at the Bank of Canada where he worked in both research and trading which assisted in the execution of monetary policy. He is a four-time winner of the Best Foreign Bond Fund at the Morningstar Canadian Investment Awards. Scott is a CFA Charter holder and has an MBA from University of Toronto and an Honours BA from Queens University.

Also manages:Sprott Absolute Return Income-A, Sprott Diversified Yield-A, Sprott Tactical Balancd Cl Series A

View fund manager performance report

Michael Craig, CFA, MA

Sprott Asset Management LP

Start Date: October, 2011

Fund Return: 1.76%

Michael Craig joined Sprott Asset Management LP in May 2010 and brings 10 years of experience developing fixed income analytics, tactical asset allocation and fixed income management. Michael previously worked at Phillips, Hager and North where he developed the analytics and research systems used by the fixed income team. Prior to joining Sprott Michael was a Vice President at TD Asset Management where he was a portfolio manager for the Managed Asset Programs as well led the portfolio analytics group. Michael obtained his Masters in Financial Risk Management from Simon Fraser University (2006) and his Bachelor of Commerce from the University of British Columbia (1999). Michael is a CFA charterholder.

Also manages:Sprott Absolute Return Income-A, Sprott Diversified Yield-A, Sprott Tactical Balancd Cl Series A

View fund manager performance report