Brompton Group


Select other strategies

  • Value-driven portfolio of primarily North American equities which seeks to balance long-term capital growth with capital preservation
  • Fund will invest in companies that David Taylor believes are temporarily undervalued due to some short-term company or industry specific event or temporary market condition
  • The Portfolio Manager believes that purchasing securities at a discount to their intrinsic value provides a “margin of safety”
  • “Bottom-up” research approach to identify investment opportunities while remaining cognizant of macro-economic factors
  • The Portfolio Manager favours issuers with strong or de-leveraging balance sheets, high or improving profit and cash flow margins, strong earnings potential and transparency
  • David Taylor believes current equity valuations present an attractive buying opportunity and that equities are likely to outperform bonds over the coming period

Investors may elect to automatically reinvest their distributions in additional units of the Fund and realize the benefits of compound growth. Any units acquired pursuant to the distribution reinvestment program qualify for the service fee. Currently, no commissions or brokerage fees are allocated to plan participants. DRIP Plan


Annually on the second last business day of January (the “Annual Redemption Date”) of each year, provided that the Units tendered by the last business day of the preceding December. Unitholders whose Units are redeemed will receive the net asset value per unit on the Annual Redemption Date less any costs and expenses associated with the redemption.  

Units may be redeemed monthly on the second to last Business Day of each month (the “Monthly Redemption Date”),, other than an Annual Redemption Date, at a redemption price per Unit equal to the lesser of: (i) 96% of the Market Price (the weighted average trading price of the Units for the 10 Business Days immediately preceding such Monthly Redemption Date) and (ii) 100% of the Closing Market Price of a Unit on the applicable Monthly Redemption Date less, in each case, any costs and expenses associated with the redemption.  Units must be surrendered by 5pm (Toronto time) on the last Business Day of the month preceding the Monthly Redemption Date.





Inception Date

Jun 19, 2012

Brompton Funds Limited

Portfolio Manager
Taylor Asset Management

Management Fee
Management fee of 1.0% of net asset value per annum, which includes fees payable to the Portfolio Manager.  Management expense ratio of 2.37% for the period ended June 30, 2018.

Performance Fee
A performance fee of 10% of the appreciation in net asset value per unit will be payable after a 5% hurdle rate has been achieved and the net asset value is subject to a high water mark which starts at $10.00 per unit.

Service Fee
0.50% of net asset value per annum is paid quarterly to Investment Advisors.

Issuer Bid/Market Repurchases
The Fund may purchase up to 10% of the public float per annum at prices up to net asset value per unit.

Fair Investor Terms
Strong corporate governance
Commitment to low fees and overall operating cost containment
No entrenched management provisions and prohibitive against dilutive equity offerings.

The Fund is RRSP, DPSP, RRIF, RESP, and TFSA eligible.

The Fund has no termination date as investors may redeem their units at net asset value less expenses annually.   For daily liquidity investors can sell their units on the TSX.


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 alternative Canadian trading platforms (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 The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do 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.

This communication is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained in this report are solely those of Goldman Sachs Asset Management L.P. (“GSAM”) and are subject to change without notice. GSAM makes every effort to ensure that the information has been derived from sources believed to reliable and accurate. However, GSAM assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. GSAM is under no obligation to update the information contained herein. The communication should not be regarded as a substitute for the exercise of your own judgment. Please read the fund’s offering documents before investing.

Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document 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 December 15, 2015 and we assume no obligation to update or revise them to reflect new events or circumstances.

Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments, should not be construed and research or investment advice, and are subject to risk.

Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. It should not be assumed that investment decisions made in the future will be profitable or will equal the performance of the securities discussed in this document.

Portfolio holdings may change by the time you view this. Portfolio holdings may not be representative of future investments. The securities discussed may not represent all of the portfolio's holdings and may not be deemed representative of the strategy’s future portfolio holdings. Future portfolio holdings may not be profitable.

The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.

No part of this material may, without Brompton and GSAM’s prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an authorized recipient. This material is intended for Investment Advisor use only.

I confirm that I have read, understood, and accept the above disclosures.


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