Sprott Asset Management LP Announces Mutual Fund Risk Rating Changes
TORONTO, July 14, 2015 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ("Sprott") announced today a change to the risk rating of each of Sprott Enhanced Equity Class, Sprott Enhanced Balanced Fund and Sprott Enhanced Balanced Class (each, a "Fund" and collectively, the "Funds").
Sprott determines the risk rating for the Sprott Mutual Funds in accordance with the methodology recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada. As a result of a review of the investment risk level of the Funds, Sprott has determined that the investment risk level of Sprott Enhanced Equity Class has changed from "Medium" to "Low to Medium" and the investment risk level of Sprott Enhanced Balanced Fund and Sprott Enhanced Balanced Class has changed from "Low to Medium" to "Low".
These changes will be reflected in an amendment to the simplified prospectus of the Funds dated April 23, 2015 and updated Fund Facts, which will be filed with Canadian securities regulators on or about July 17, 2015.
The investment objectives and strategies of the Funds will not change as a result of these changes.
For further information on Sprott Asset Management LP and the Sprott Mutual Funds, please visit www.sprott.com or call us at (866) 299-9906 or email us at email@example.com
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.