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Brompton Global Dividend Growth ETF

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  • Closing Price (Oct 21, 2019) $20.46
  • Distribution $0.10
  • Distribution Rate (Oct 22, 2019) 6.09%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Oct 21, 2019) $20.52
  • Total Assets (Oct 22, 2019) $65 Million

This ETF provides monthly distributions and the opportunity for capital gains through an investment in an actively managed portfolio of large cap global dividend growth companies selected by Brompton, complemented by a proprietary covered call program.

Our PM team first uses a top-down analysis to identify attractive sectors. Rigorous fundamental analysis focuses the portfolio on at least 20 global Dividend Growth Companies with a market capitalization of at least $10 billion, that have a history (or in the Manager’s view a future likelihood) of dividend growth. The PMs then actively set the level of covered call writing (up to a maximum of 33%), with the goal of optimizing distributable cash and total returns.

Why Invest In Global Dividend Growers?

  • Global dividend growers have historically outperformed the broader global equity market with lower volatility
  • Global equities provide opportunity for Canadians to diversify in sectors that are underrepresented in Canada
  • Canadian market is overweight Energy, Materials, Financials and underweight Tech, Healthcare, Consumer and Industrial sectors

This ETF is for Investors who are:

  • Seeking stable monthly cash distributions
  • Seeking opportunity for capital appreciation and lower overall volatility of portfolio returns than would otherwise be experienced by owning securities of technology companies directly
  • Can handle the ups and downs of the stock market

FUND FACTS

  • Ticker
    BDIV
  • CUSIP
    11221W109
  • Outstanding (Oct 22, 2019)
    3,198,017
  • Inception Date
    October 17, 2018
  • MER(1)
    0.95%
  • Currency
    Hedged to CAD
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Risk Rating
    Medium
  • ESG Score(2)
    A-

Manager/Portfolio Manager:

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2 billion in assets under management. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.

Brompton Global Dividend Growth ETF

Summary of Investment Portfolio as at September 30, 2019

Total Net Asset Value$66,031,354.00

Top 25 Holdings

% of Portfolio% of Net Asset Value
London Stock Exchange Group PL.3.2%3.2%
Enel Spa.2.9%2.9%
AstraZeneca PLC2.8%2.8%
Equinix Inc.2.8%2.8%
Medtronic PLC2.8%2.8%
Prologis Inc2.8%2.8%
Motorola Solutions Inc.2.6%2.7%
Loblaw Companies Ltd2.6%2.7%
Microsoft Corp2.6%2.7%
Vinci SA2.6%2.6%
Nestle SA2.6%2.6%
Adidas AG2.6%2.6%
Restaurant Brands International Inc2.6%2.6%
Crown Castle International Corp2.6%2.6%
Ecolab Inc2.6%2.6%
Comcast Corp2.5%2.6%
TC Energy Corp2.5%2.6%
Air Products and Chemicals Inc2.5%2.6%
LVMH Moet Hennessy Louis Vuitton SE2.5%2.6%
Experian PLC2.5%2.6%
ASML Holding NV2.5%2.5%
Waste Management Inc2.5%2.5%
Aon PLC2.5%2.5%
Airbus SE2.4%2.4%
American Express Co2.4%2.4%
Total65.5%66.3%
NAV History

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Distributions

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.

DRIP

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.

DRIP Plan

Tax Allocation

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.

Select a year
Record Date Payment Date Foreign Non- Business Income Foreign Non- Business Income Tax Paid Capital Gains Return of Capital Other Income Eligible Dividend Total Distribution
Sep 30, 2019 Oct 15, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Aug 30, 2019 Sep 16, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Jul 31, 2019 Aug 15, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Jun 28, 2019 Jul 15, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
May 31, 2019 Jun 14, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Apr 30, 2019 May 14, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Mar 29, 2019 Apr 12, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Feb 28, 2019 Mar 14, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Jan 31, 2019 Feb 14, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Dec 31, 2018 Jan 15, 2019 0.00961 (0.00143) 0.01075 0.07778 0.00244 0.00085 0.10000
Nov 30, 2018 Dec 14, 2018 0.01396 (0.00207) 0.01560 0.11290 0.00354 0.00123 0.14516
Total 0.02357 0.00000 0.02635 0.19068 0.00598 0.00208 1.14516
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