TORONTO, ONTARIO–(Marketwired – May 15, 2017) – (TSX:TOF.UN) Investors and investment advisors are invited to listen to an update on Taylor North American Equity Opportunities Fund (the “Fund”) by David Taylor of Taylor Asset Management. A link to the update recorded on May 10, 2017 has been posted to the Brompton Funds’ website at the following link:
www.bromptongroup.com/presentation/tof_update_may2017
Taylor Asset Management employs a value-driven investment strategy to construct a portfolio that seeks to balance long-term capital growth with capital preservation and will invest opportunistically in equity and equity related securities of issuers that they believe are fundamentally sound and are trading at a discount to their intrinsic value. The Fund invests opportunistically in Canada and the U.S. and the equities portfolio can be biased to either country depending on which market David believes offers the most attractive valuations. In addition, the Fund may invest up to 25% of the portfolio in securities listed outside of North America in cases where the portfolio manager believes attractive opportunities exist or for purposes of diversification.
Since inception on June 19, 2012, through to April 30, 2017, TOF.UN has generated a return of 11.4% per annum(1), which is comprised of $3.05(2) increase in NAV since inception, plus total cash distributions of $2.90. Over the past twelve months to April 30, 2017 the Fund has delivered a total return of 18.2%, beating the S&P/TSX Composite Index by 3.3%. TOF.UN has a current monthly distribution of $0.052 per unit, which equates to a market distribution rate of 5.1% p.a.(3). The Fund is available for purchase on the Toronto Stock Exchange under the ticker symbol TOF.UN.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with approximately $2.0 billion in assets under management. Brompton’s investment solutions include TSX traded funds, mutual funds and flow-through limited partnerships. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at www.bromptongroup.com.
About Taylor Asset Management
David Taylor of Taylor Asset Management Inc. has been managing equities for 28 years and funds managed by David Taylor have won 15 Lipper Awards(4) in the past decade for short, mid and long-term performance.
(1) See Standard Performance Data table below. Source: Brompton, as at April 30, 2017
| Taylor North American Equity Opportunities Fund Performance to April 30, 2017 |
1 Yr | 3 Yrs | Incep. (19/06/12) |
| Taylor North American Equity Opportunities Fund TSX:TOF.UN |
18.2% | 3.8% | 11.4% |
| S&P 500 Index | 17.9% | 10.5% | 14.9% |
| S&P/TSX Composite Index | 14.9% | 5.1% | 9.5% |
| (2) As at April 30, 2017 |
| (3) As at May 5, 2017 |
| (4) For a detailed list of awards, please visit www.bromptongroup.com/funds/fund/tof/overview |
You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in the public filings available at www.sedar.com. The indicated rate of return is the historical annual compounded total return including changes in unit value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
416-642-6000 (toll-free at 1-866-642-6001)
Email: info@bromptongroup.com
www.bromptongroup.com