Sprott Diversified Yield Fund

Investment Team

  • Scott Colbourne
    Co-Chief Investment Officer; Senior Portfolio Manager

  • Michael Craig
    Portfolio Manager

  • Ben Chim
    Portfolio Manager

Fund Details

Fund Status Open
Distributions Income and Capital Gains Distributed Monthly/Annually (if any) & Reinvested Automatically. Monthly Cash Distributions (T)
Fund Code

SPR - 018 (A)
SPR - 118 (F)
SPR - 418 (T)
SPR - 619 (FT)
SPR - 318 (A-LL)
SPR - 518 (T-LL)

Inception Date 8/5/2010
Nature of Securities Mutual Fund Trust Units
Type of Fund Diversified High-Yield Fixed Income Fund
Valuations Daily
Redemptions Daily
Minimum Initial Investment $1,000 CDN
Minimum Subsequent Investment $25 CDN
Minimum Investment Term 60 days (1.5 % penalty)
Management Fee 1.65% annual - (A) 1.65% annual - (T) 1.00% annual - (F)
Performance Fee 10% of excess over blended benchmark index (75% of daily return of Bank of America Merrill Lynch US High Yield Index; 25% of daily return of DEX Universe Bond Index)
Eligible for Registered Plans Yes
Investor Risk Tolerance Low - Medium

Fund Objective

The Fund's investment objective is to maximize the total return of the Fund and to provide income by investing primarily in debt and debt-like securities of corporate and government issuers from around the world.

Unit Price (NAV - Series A)

Fund Performance as at March 31, 2014

MTD* YTD* 1 YR 3 YR 5 YR 10 YR Inception
0.3 3.0 3.8 4.1 - - 5.2
*MTD & YTD as at most recent NAV

Top Ten Holdings

  1. JP Morgan SP IBOXX Loan TRS Note, 09/20/14
  2. Mexico Government Bond, 7.75%, 11/13/42
  3. Government of Canada, 1.25%, 09/01/18
  4. US Treasury, 2.75%, 11/15/23
  5. Vedanta Resources Jersey, 5.5%, 07/13/16
  6. Government of Canada, 1.5%, 06/01/23
  7. Barclays Bank PLC, 14%, 11/29/49
  8. Unique Pub Finance, 6.542%, 03/30/21
  9. US Treasury, 3.625%, 02/15/44
  10. Sirius XM Radio Inc., 5.25%, 08/15/22
Allocation data as at March 31, 2014

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.