Fund Manager
Front Street Strategic Yield Fund (TSX: FSS) Watch Video
Market volatility over the past several months has highlighted the need for investment strategies that seek to preserve capital in market downturns and to participate in rising markets. The Fund will obtain exposure to the Portfolio which is focused primarily on convertible debentures and warrants of Canadian issuers and, to a lesser extent, merger arbitrage. The Portfolio will be actively managed by Flatiron Capital Management Partners using interest yielding and hedging strategies designed to maximize risk adjusted returns and preserve capital. Over the course of an economic cycle, the goal is to generate consistent tax advantaged absolute returns on a quarterly basis with low volatility.
Flatiron employs top down macroeconomic and quantitative analysis to execute their investment strategy.
| Latest 2.2.2012 | Previous 1.31.2012 | Change ($) | Month's End 1.31.2012 | Month-to-Date |
|---|---|---|---|---|
| $10.9840 | $10.8898 | +0.0942 | $10.8898 | +0.8% |
Value Added Monthly Index (VAMI) Since Inception
| 1 month | 6 months | Year-to-Date | CAGR |
1 year |
|---|---|---|---|---|
| 1.2% | 10.1% | 1.2% | 14.5% | 8.3% |
Sector Allocation
as at 09/30/11
Top Ten Holdings
as at 09/30/11; listed alphabetically
BARRICK ENERGY INC 4.75% JUNE 30 2012
DAYLIGHT ENERGY 6.25% DEC 31 2014
GREAT BASIN GOLD 8% NOV 30 2014
HARVEST OPERATIONS 7.5% MAY 31 2015
JUST ENERGY INCOME FUND 6% JUNE 30 2017
NEW GOLD INC NOV 28 2012 WTS
PACIFIC RUBIALES ENERGY 8% AUG 29 2013
RUSSEL METALS INC 7.75% SEP 30 2016
URANIUM ONE 4.25% DEC 31 2011
URANIUM ONE 5% MARCH 13 2015
Investment objectives:
(i) to provide holders of Equity Shares (“Shareholders”) with quarterly tax-advantaged cash
distributions initially targeted to be $0.125 per Equity Share ($0.50 per annum
representing an annual cash distribution of 5% based on the $10.00 per Unit issue price);
and
(ii) to maximize risk adjusted returns to Shareholders, consisting primarily of tax-advantaged
distributions, while preserving capital.
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