Sprott Diversified Yield Class
Investment Team
Scott Colbourne
Senior Portfolio ManagerScott Colbourne
Senior Portfolio Manager
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.
Michael Craig
Portfolio ManagerMichael Craig
Portfolio Manager
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.
Ben Chim
Associate Portfolio ManagerBen Chim
Associate Portfolio Manager
Ben joined Sprott Asset Management LP in May 2011 as an Associate Portfolio Manager. He has over ten years of experience in bond and credit analysis. Ben began his career at DBRS as a credit analyst where he researched and analyzed bonds for various industries across the credit spectrum. Most recently, he was a Vice-President at TD Asset Management where he was part of a team that managed the firm's active high yield fixed income assets, including the TD High Yield Bond Fund. From 2006-2008, Ben was an Investment Analyst at CI Investments Inc. where he was part of a team that managed all of the active high yield fixed income assets in the Signature Funds group. Ben is a CFA charterholder and obtained his Bachelor's degree from the University of Western Ontario.
Fund Details
| Fund Status | Open |
| Issue Price | $10.00 per Unit |
| Distributions | Ordinary Dividends and Capital Gains Dividends Distributed Annually (if any); Distributions are reinvested automatically. For Series T and FT shares, shareholders will receive a target monthly distribution of 6% per annum. |
| Fund Code |
SPR200 - FE
(A) |
| Inception Date | 10/17/2011 |
| Nature of Securities | Shares of a Class of a Mutual Fund Corporation |
| Type of Fund | Diversified High-Yield Fixed Income |
| Valuations | Daily |
| Redemptions | Daily |
| Minimum Initial Investment | $1,000 |
| Minimum Subsequent Investment | $100 |
| Minimum Investment Term | 60 days (1.5% penalty) |
| Management Fee | 1.65% annual - (A) |
| Performance Fee | Based on underlying fund. Underlying fund's performance fee is 10% of excess over Blended benchmark (75% BofA Merrill Lynch US High Yield Index/ 25% DEX Universe Bond Index). |
| Eligible for Registered Plans | Yes |
| Investor Risk Tolerance | Average |
| Service Fee |
FE - 0.65% |
Fund Objective
The Fund aims to provide income. It seeks a similar return to its underlying fund, Sprott Diversified Yield Fund, by investing substantially all of its assets in securities of that fund. The underlying fund invests primarily in debt and debt-like securities of corporate and government issuers from around the world.- Fund Codes
- Fund Fact
- Simplified Prospectus
- Annual Information Form
- Point of Sale Disclosure - Series A
- Point of Sale Disclosure - Series F
- Point of Sale Disclosure - Series FT
- Point of Sale Disclosure - Series I
- Point of Sale Disclosure - Series T
- Conference Calls
For performance of underlying Fund, view the Sprott Diversified Yield Fund.
Sprott Corporate Class
Brochure
Sprott Corporate Class
Fund Fact
Sprott Diversified Yield Class
Fund Fact