Sprott launches two funds

Toronto-based Sprott Asset Management LP has launched two new mutual funds: Sprott Enhanced U.S. Equity Class Fund and Sprott Global REIT & Property Equity Fund. Sprott Enhanced U.S. Equity Class Fund provides exposure to U.S. large-cap equities with a focus on reducing downside volatility. It will be available mainly in U.S. dollars. John Wilson, CEO, co-chief investment officer (CIO) and senior portfolio manager with Sprott, is the fund’s portfolio manager. Advisor commissions for front-end sales are 0%-5%, or 3% for the low-load option. There is no deferred sales charge (DSC) option. Redemption fees begin at 3% in Year 1 and end at zero after Year 3 for the low-load schedule. Trailing commissions are 1% for front-end sales; or 0.75% for the first three years of low-load sales, and 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment in the Enhanced U.S. Equity Class fund is $1,000. Sprott Global REIT & Property Equity Fund is meant to provide monthly cash distributions and long-term total return through investments in the global real estate securities market. The fund is subadvised by Wisconsin-based Capital Innovations LLC and co-managed by Michael Underhill, Capital Innovations’ co-founder and CIO, and Susan Dambekain, co-founder and portfolio manager of Capital Innovations. Advisor commissions for front-end sales are 0%-5%, or 3% for the low-load option. There is no DSC option. Redemption fees begin at 3% in Year 1 and end at zero after Year three for the low-load schedule. Trailing commissions are 1% for front-end sales; and 0.5% for the first three years of low-load sales, and 1% thereafter. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment in the Global REIT & Property Equity fund is $1,000.

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