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Brompton Global Dividend Growth ETF

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  • Closing Price (Nov 12, 2019) $20.55
  • Distribution $0.10
  • Distribution Rate (Nov 13, 2019) 5.86%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Nov 11, 2019) $20.45
  • Total Assets (Nov 13, 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 (Nov 13, 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%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-year Since Inception(3)
Brompton Global Dividend Growth ETF 18.6% 10.8% 8.7%
MSCI International World Index Total Return 21.2% 13.4% 9.4%

The following table shows 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 distributions made by the Fund on its units in the period shown were reinvested at Net Asset Value per unit in additional units of the Fund.

The tables show the Fund’s compound returns compared with the MSCI World Index. The MSCI World Index captures large and mid cap representation across 23 Developed Markets countries. The index covers approximately 85% of the free float-adjusted market capitalization in each country. The Fund invests in at least 20 global dividend growth companies with market capitalization of at least $10 billion. It is therefore not expected the Fund’s performance will mirror that of the MSCI World Index which has a more diversified portfolio. Further, the MSCI World Index is calculated without the deduction of management fees and fund expenses, whereas the performance of the Fund is calculated after deducting such fees and expenses.

Returns for Brompton Global Dividend Growth ETF are unaudited.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. 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. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

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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
Dec 31, 2019 Jan 15, 2020 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Nov 29, 2019 Dec 13, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
Oct 31, 2019 Nov 14, 2019 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10000
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
Total 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 1.20000
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