Sprott Short-Term Bond Fund
Investment Team
Scott Colbourne
Co-Chief Investment Officer; Senior Portfolio ManagerScott Colbourne
Co-Chief Investment Officer; Senior Portfolio Manager
Scott joined Sprott Asset Management LP in March 2010 and brings over 24 years of global fixed income and currency market experience to the firm. Earlier in his career, Scott was senior Vice President and Portfolio Manager at AGF Funds Inc. where he managed all fixed income mandates and co-managed the 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 Portfolio Manager at TD Asset Management, where he was part of the team responsible for $30 billion of fixed income portfolios.
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 12 years of experience developing fixed income analytics, tactical asset allocation and fixed income management. Earlier in his career, Michael 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. There, he co-managed over $11 billion in assets for various asset allocation programs, and 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
Portfolio ManagerBen Chim
Portfolio Manager
Ben joined Sprott Asset Management LP in May 2011 as an Associate Portfolio Manager and was appointed Portfolio Manager in April 2013. He has over ten years of experience in bond and credit analysis. Ben began his career at DBRS as a credit analyst where he analyzed bonds for various industries across the credit spectrum. Most recently, he was a Vice-President at TD Asset Management. There, he was a member of the team responsible for all of the firm’s active high yield assets, including the TD High Yield Bond Fund. From 2006 to 2008, Ben was an Investment Analyst at CI Investments Inc. where he was part of a team that managed all 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 |
| Distributions | Income and Capital Gains Distributed Monthly/ Annually (if any) & Reinvested Automatically |
| Fund Code |
SPR 019 - (A) |
| Inception Date | 8/5/2010 |
| Nature of Securities | Mutual Fund Trust Units |
| Type of Fund | Canadian Short-Term Fixed Income |
| Valuations | Daily |
| Redemptions | Daily |
| Minimum Initial Investment | $1,000 CDN |
| Minimum Subsequent Investment | $100 CDN |
| Minimum Investment Term | No minimum investment term |
| Management Fee | 0.75% annual - (A) 0.50% annual - (F) |
| Performance Fee | No performance fee |
| Eligible for Registered Plans | Yes |
| Investor Risk Tolerance | Low |
Fund Objective
The Fund's objective is to provide regular income while preserving capital and maintaining liquidity. The Fund invests primarily in short-term debt securities issued by Canadian federal, provincial and municipal governments as well as corporate issuers.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.