Sprott Canadian Equity Class
Investment Team
Eric Sprott
Chief Executive Officer; Senior Portfolio ManagerEric Sprott
Chief Executive Officer; Senior Portfolio Manager
Eric Sprott has more than 40 years of experience in the investment industry. After earning his designation as a chartered accountant, Eric entered the investment industry as a research analyst at Merrill Lynch. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada’s largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc.
Eric’s investment expertise is well represented in his track record in managing the Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Bull/Bear RSP Fund, Sprott Offshore Funds, Sprott Canadian Equity Fund, Sprott Silver Equities Class and Sprott Managed Accounts. His extensive list of accolades include: Canadian Investment Awards’ Opportunistic Strategy Hedge Fund Award (Sprott Hedge Fund L.P., 2004); MarHedge’s Best Canada Based Annual Performance Award (Sprott Offshore Fund Ltd., 2006); HFM Week’s Best Long/Short Hedge Fund Globally (Sprott Offshore Fund Ltd., 2008); Winner of Absolute Return’s Hedge Fund of the Year (Sprott Capital LP, 2010). Over the years, Eric has personally been the recipient of numerous awards and honours, including one of Investor Digest’s Canada’s Best Investors (2004); Ernst & Young’s Entrepreneur of the Year (2006); Investment Executive’s Fund Manager of the Year (2007); Advisor.ca’s Top Financial Visionary (2011); Terrapinn's Most Influential Hedge Fund Manager (2012); and the 2012 Murray Pezim Award for Perseverance and Success in Financing Mineral Exploration (2013).
More recently, Eric has been elected Fellow of the Institute of Charted Accountants of Ontario (FCA), a designation reserved for those who demonstrate outstanding career achievements and service to the community and profession.
Over the years, Eric has also been recognized for his considerable philanthropic endeavours and community contributions. Eric and his family established the Sprott Foundation in 1988 to address urgent human need, hunger and homelessness. He has provided generous endowments to Carleton University, the Ottawa Hospital Foundation, Daily Bread Food Bank and United Way, among others. More recently, Eric donated $1.4 million to CanFund in support of Canadian athletes for every gold medal won at the 2010 Vancouver Olympics. In April 2011, along with Sprott Inc., Eric sponsored a 24-year old Canadian driver James Hinchcliffe, getting him a seat with the prestigious Newman/Haas Racing. In June 2012, the Sprott Foundation donated $25 million in support of the Department of Surgery at the University Health Network.
Allan Jacobs
Senior Portfolio Manager, Director of Small Cap InvestmentsAllan Jacobs
Senior Portfolio Manager, Director of Small Cap Investments
Allan Jacobs joined Sprott Asset Management LP in August 2007 as Director of Small Cap Investments, with a focus on the Sprott Small Cap Funds.
Prior to joining Sprott, Allan was Lead Portfolio Manager of Canadian Small Cap Equities and a Managing Director at Sceptre Investment Counsel. There, he managed the Sceptre Equity Growth Fund, the Sceptre Canadian Equity Small Cap Pooled Fund and the Canadian Small Cap component of institutional portfolios. He also managed the Sceptre Small Cap Opportunities Fund, which was launched in January 2007 – now called the Sprott Small Cap Hedge Fund.
Allan was acknowledged for his achievements at Sceptre on several occasions: the Sceptre Equity Growth Fund was awarded the Best Canadian Small Cap Fund over one, three, five and ten year periods at the 2007 Canadian Lipper Fund Awards. The Fund was also a finalist for the 2006 Small Capitalization Equity Fund of the Year and was chosen Canadian Equity Fund of the Year in 2005 at the Canadian Investment Awards. The Small Capitalization Canadian Equity Pooled Fund, also managed by Allan, was awarded Canadian Small Cap Pooled Fund of the Year in 2006. Furthermore, Allan was chosen the 2006 Fund Manager of the Year at the Canadian Investment Awards.
Prior to joining Sceptre, Allan managed the largest equity fund in South Africa (a $5 billion fund for Old Mutual), and thereafter, managed Small Cap Canadian Equities at Canada Life Investment Management Limited.
Peter Imhof
Investment StrategistPeter Imhof
Investment Strategist
Peter Imhof is an Investment Strategist with Sprott Asset Management LP. He joined the firm in August 2007, and together with Allan Jacobs, focuses primarily on the Sprott Small Cap Funds. Peter is also a member of the Sprott Canadian Equity Fund’s and Sprott Tactical Balanced Fund’s Investment Teams.
Peter is a frequent guest on the Business News Network (BNN) and the winner of the 2010, 2011 and 2012 Financial Post Stock Pickers’ Challenge.
Peter began his investment career at Sceptre Investment Counsel in March 1998. From 1998 to 2000, he was involved in the quantitative analysis and portfolio construction of Canadian Equities. Peter was a member of the award-winning management team of the Sceptre Equity Growth Fund and the Small Capitalization Canadian Equity Pooled Fund, and in 2006, was appointed Managing Director.
Fund Details
| Fund Status | Open |
| Issue Price | $10.00 per Unit |
| Distributions | Ordinary Dividends Paid in December; Capital Gains Dividends Paid in February; Distributions are Reinvested Automatically |
| Fund Code |
SPR206 - FE (A) |
| Inception Date | 10/17/2011 |
| Nature of Securities | Shares of a Class of a Mutual Fund Corporation |
| Type of Fund | Canadian Equity, Growth and Value |
| Valuations | Daily |
| Redemptions | Daily |
| Minimum Initial Investment | $1,000 CAD |
| Minimum Subsequent Investment | $100 CAD |
| Minimum Investment Term | 90 days (2% penalty) |
| Management Fee | 2.5% annual - (A) 1.5% annual - (F) |
| Performance Fee | Based on underlying fund. Underlying fund's performance fee is 10% of excess over S&P/TSX Composite Total Return Index |
| Eligible for Registered Plans | Yes |
| Investor Risk Tolerance | Medium - High |
Fund Objective
The Fund aims to achieve long-term capital growth. It seeks a similar return to its underlying fund, Sprott Canadian Equity Fund, by investing substantially all of its assets in securities of that fund. The underlying fund invests primarily in small-to-mid capitalization stocks of Canadian issuers and may focus its assets in specific industry sectors and asset classes based on analysis of business cycles, industry sectors and market outlook.The indicated rates of return for series A/class A securities of the Funds are based on the historical annual compounded total returns including changes in unit/share value and reinvestment of all distributions or dividends and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Funds.
For performance of underlying Fund, view the Sprott Canadian Equity Fund.
Sprott Corporate Class Brochure
Sprott Corporate Class Fund Fact