Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF (BEPR) is designed to provide stable monthly cash distributions and a stable net asset value. This preferred share ETF invests in an actively managed portfolio of U.S. and Canadian dollar-denominated preferred shares and income-producing corporate securities and employs leverage (up to 33% of total assets) to enhance distributable income and total return potential. At least 75% of the fund’s portfolio (at the time of investment) consists of securities that are rated investment grade.
Flaherty & Crumrine Incorporated: Established in 1983, Flaherty & Crumrine Incorporated specializes in US dollar denominated preferred securities and corporate debt instruments. The firm’s proprietary database, software and models were developed specifically to analyze and manage portfolios of preferred and other subordinated securities.
(1) See BEPR- Why Invest.pdf.
This webpage 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 Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. 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 sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained on this webpage constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed on this webpage and to other matters identified in public filings relating to the ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. 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 hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
This webpage 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 Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. 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 sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained on this webpage constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed on this webpage and to other matters identified in public filings relating to the ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. 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 hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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Summary of Investment Portfolio as at September 30, 2024
% of Portfolio | % of Net Asset Value | |
---|---|---|
Delphi Financial Group, 8.570% due May 15, 2037 | 4.6% | |
Liberty Mutual Insurance, 7.697% due October 15, 2097 | 3.5% | |
Metlife Inc., 10.750% due August 01, 2039 | 3.5% | |
Hsbc Capital Funding Lp, 10.176% | 3.1% | |
Provident Financing Tr I, 7.405% due March 15, 2038 | 3.1% | |
Partnerre Finance Ii, 7.602% due December 01, 2066 | 3.0% | |
Transcanada Pipelines Limited, 5.500% due September 15, 2079 | 2.6% | |
Lloyds Banking Group Plc, 7.500% | 2.4% | |
Royal Bank Of Canada, 4.500% due November 24, 2080 | 2.4% | |
Enbridge Inc., 6.000% due January 15, 2077 | 2.3% | |
Bnp Paribas, 7.375% | 2.2% | |
Banco Santander, 4.750% | 2.2% | |
Everest Reinsurance Holdings, 7.765% due May 15, 2037 | 2.1% | |
Comerica Inc., 5.625% | 2.1% | |
Ing Groep Nv, 7.500% | 1.9% | |
Liberty Mutual Group, 7.800% due March 15, 2037 | 1.6% | |
Ubs Ag, 4.875% | 1.2% | |
Lincoln National Corporation, 7.986% due May 17, 2066 | 1.1% | |
Lloyds Banking Group Plc, 8.000% | 1.1% | |
Athene Holding Ltd., 6.350% | 1.1% | |
American Electric Power, 3.875% due February 15, 2062 | 1.0% | |
Cash | 1.0% | |
Canadian Imperial Bank Of Commerce, 7.150% due July 28, 2082 | 0.9% | |
Synovus Financial Corporation, 8.397% | 0.9% | |
Manulife Financial Corporation, 7.117% due June 19, 2082 | 0.9% | |
Total | 51.8% | 0% |
1)The investment portfolio may change due to ongoing portfolio transactions of the investment fund. Quarterly updates are available on the Fund's website at www.bromptongroup.com within 60 days of each quarter end.
YTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception(3) | Since Inception(4) | Since Inception(2) | |
---|---|---|---|---|---|---|---|---|
Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF - CAD Hedged | 13.3% | 23.0% | (0.9%) | 1.7% | 4.7% | 4.9% | N.A. | |
Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF - USD | 13.7% | 23.6% | N.A. | N.A. | N.A. | N.A. | 0.5% |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF | 7.1% | (19.5%) | 7.7% | (0.3%) | 27.3% | (9.2%) | 15.9% | 7.7% | 0.9% | 20.4% | 5.1% |
Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF - USD | 7.3% | (17.0%)5 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
(1) The chart is hypothetical and intended for illustrative purposes only. The chart reflects a hypothetical $10,000 investment based on Net Asset Value per unit and assumes that distributions made by the Fund on its units were reinvested at Net Asset Value per unit in additional units of the Fund. The chart is derived from data supplied by Morningstar. © 2024 Morningstar. All Rights Reserved. The information contained herein: (i) is proprietary to Morningstar and/or its content providers; (ii) may not be copied or distributed; and (iii) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
(2) Returns are for the periods ended September 30, 2024. The tables above show the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per unit and assumes that cash distributions made by the Fund and deemed distributions based on the warrants’ intrinsic value at the approximate exercise date of the warrants in the periods shown were reinvested at Net Asset Value per unit in additional units of the Fund. The tables above show the Fund’s year-by-year and compound returns for each period indicated.
(3) Period from December 15, 2004 (commencement of operations) to September 30, 2024.
(4) Period from February 4, 2022 (commencement of operations) to September 30, 2024.
(5) Period from February 4, 2022 (commencement of operations) to December 31, 2022
Returns for Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF are unaudited.
This webpage 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 Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. 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 sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained on this webpage constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed on this webpage and to other matters identified in public filings relating to the ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. 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 hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March. This information will also be posted on the website as soon as it is available.
This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.
Investors may elect to automatically reinvest their distributions in additional units of the Fund and realize the benefits of compound growth.
The following information is applicable to holders who, for the purposes of the Income Tax Act (Canada), are resident in Canada and hold trust units as capital property. If this is not the case, a tax advisor should be consulted.
Holders of trust units outside of a RRSP, DPSP, RRIF, RESP or TFSA should expect to receive a T3 slip from their investment dealer. T3 supplementary slips will indicate Investment Income in Box 26, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Dividend Income in Box 23 and Box 49. Dividend income is subject to the standard gross up and federal dividend tax credit rules.
The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units and is reported in Box 42.
Record Date | Payment Date | Capital Gains | Eligible Dividend | Foreign Non- Business Income | Foreign Non- Business Income Tax Paid | Other Income | Other Taxable | Return of Capital | Total Distribution |
---|---|---|---|---|---|---|---|---|---|
Sep 30, 2024 | Oct 15, 2024 | * | * | * | * | * | * | * | 0.06750 |
Aug 30, 2024 | Sep 16, 2024 | * | * | * | * | * | * | * | 0.06750 |
Jul 31, 2024 | Aug 15, 2024 | * | * | * | * | * | * | * | 0.06750 |
Jun 28, 2024 | Jul 15, 2024 | * | * | * | * | * | * | * | 0.06750 |
May 31, 2024 | Jun 14, 2024 | * | * | * | * | * | * | * | 0.06750 |
Apr 30, 2024 | May 14, 2024 | * | * | * | * | * | * | * | 0.06750 |
Mar 28, 2024 | Apr 12, 2024 | * | * | * | * | * | * | * | 0.06750 |
Feb 29, 2024 | Mar 14, 2024 | * | * | * | * | * | * | * | 0.06750 |
Jan 31, 2024 | Feb 14, 2024 | * | * | * | * | * | * | * | 0.06750 |
Dec 29, 2023 | Jan 15, 2024 | 0.00000 | 0.00000 | 0.05009 | 0.00183 | 0.00000 | 0.00000 | 0.01924 | 0.06750 |
Nov 30, 2023 | Dec 14, 2023 | 0.00000 | 0.00000 | 0.05009 | 0.00183 | 0.00000 | 0.00000 | 0.01924 | 0.06750 |
Oct 31, 2023 | Nov 14, 2023 | 0.00000 | 0.00000 | 0.05009 | 0.00183 | 0.00000 | 0.00000 | 0.01924 | 0.06750 |
Total | 0.00000 | 0.00000 | 0.15027 | 0.00549 | 0.00000 | 0.00000 | 0.05772 | 0.81000 |
(1) The distribution was automatically reinvested in additional units. Immediately following the issuance, the units of the Fund were automatically consolidated and, as a result, unitholders held the same number of units after the distribution as they held before it. The adjusted cost base of a holder’s units would be increased by the amount of the distributions reinvested in units.
*Tax treatment of cash distributions is determined and published in February of the calendar year following the payment of said distribution.
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