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Symphony Floating Rate Senior Loan Fund T.SSF.UN

Symphony Floating Rate Senior Loan Fund (the Fund) is a mutual fund trust. The Fund’s investment objectives are to provide unitholders with monthly distributions and to preserve capital. The Fund invests in an actively managed diversified Portfolio consisting primarily of short duration senior secured floating rate corporate loans typically issued by non-investment grade companies, with exposure gained through direct purchase of senior loans made by banks or other financial institutions to borrowers, assignments of such interest in senior loans, and participation interests in senior loans. The Fund’s portfolio includes various sectors such as communication services, Consumer discretionary, Consumer staples, energy, health care, utilities, Financials, industrials, real estate, and Information technology. The Fund is managed by Brompton Funds Limited.


TSX:SSF.UN - Post by User

Post by Greenhornon Dec 15, 2014 3:41pm
209 Views
Post# 23232427

Down 8% for the year

Down 8% for the year
As we know when you buy a fund and it goes down approx. 8%- Dividend does not make sense if you get 6%= dead money! High yield corporate bonds are doing worse(junk bonds), not a good place to hide in a down turn market.
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