Brompton North American Financials Dividend ETF

  • Management Style
    Active with Covered Calls
  • Closing Price (Nov 28, 2023)
    $18.63
  • NAV (Nov 27, 2023)
    $18.63
  • Distribution Rate (Nov 28, 2023)
    6.33%
  • ESG Score (1)
    B
  • Management Style
    Active with Covered Calls
  • Closing Price (Nov 24, 2023)
    $19.57
  • NAV (Nov 27, 2023)
    $20.15
  • Distribution Rate (Nov 24, 2023)
    6.64%
  • ESG Score (1)
    B

This ETF provides monthly distributions and the opportunity for capital gains through an investment in an actively managed portfolio of large cap North American financial services companies selected by Brompton, complemented by a proprietary covered call program. Our PM team first uses a top-down analysis to identify attractive sub-sectors. Rigorous fundamental analysis focuses the portfolio on North American Financial Services Companies (as defined herein) with a market capitalization of at least $5 billion. The PMs then actively set the level of covered call writing, with the goal of optimizing distributable cash and total returns.

Why Invest In North American Financials?

  • North American financial companies have historicaly had strong performance during periods of rising interest rates
  • Brompton believes North American financial companies have strong dividend growth potential
  • Opportunity for Canadian investors to diversify their investment in financials

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 financial companies directly
  • Can handle the ups and downs of the stock market

FUND FACTS

  • Ticker (CAD Hedged)
    BFIN
  • CUSIP (CAD Hedged)
    11221X107
  • Outstanding (CAD Hedged) (Nov 28, 2023)
    2,330,000
  • Ticker (USD Unit)
    BFIN.U
  • CUSIP (USD Unit)
    11221X206
  • Outstanding (USD Unit) (Nov 24, 2023)
    20,000
  • Inception Date (CAD Hedged)
    October 17, 2018
  • Inception Date (USD)
    October 17, 2018
  • Management Fee
    0.75%
  • 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 to High

Manager/Portfolio Manager

Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. 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 North American Financials Dividend ETF

Summary of Investment Portfolio as at October 31, 2023

Total Net Asset Value$40,416,000

Holdings

% of Portfolio% of Net Asset Value
Berkshire Hathaway Inc.8.0%
JPMorgan Chase & Co.7.1%
Arthur J. Gallagher & Co.7.0%
Aflac Inc.6.9%
Ameriprise Financial Inc.6.4%
iA Financial Corporation Inc.6.1%
Royal Bank of Canada5.4%
Toronto-Dominion Bank5.2%
Morgan Stanley5.2%
Cboe Global Markets Inc.5.1%
M&T Bank Corp.5.0%
Bank of America Corp.4.9%
Raymond James Financial Inc.4.9%
Progressive Corp.3.9%
Brookfield Corp.3.6%
Mastercard Inc.3.6%
KeyCorp3.3%
Intact Financial Corp.3.0%
Truist Financial Corp.2.5%
US Bancorp2.2%
Nasdaq Inc.1.9%
Brookfield Asset Management Ltd.0.9%
Cash0.3%
Other net assets (liabilities)-2.4%
Total0%100%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year Since Inception(3) Since Inception(4)
Brompton North American Financials Dividend ETF - CAD Hedged (5.7%) (7.9%) 6.8% 2.9% 2.3% n.a.
Brompton North American Financials Dividend ETF - USD (5.8%) (7.7%) 7.2% n.a. n.a. 3.3%

Year-by-Year Returns

2022 2021 2020 2019 2018
Brompton North American Financials Dividend ETF - CAD Hedged (19.1%) 30.4% 0.6% 29.8% (13.8%)(5)
Brompton North American Finanials Dividend ETF - USD (19.6%) 31.4% 3.1% 11.8%(6) n.a.

Returns for Brompton North American Financials Dividend 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.

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 Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Dec 29, 2023 Jan 15, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Nov 30, 2023 Dec 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Oct 31, 2023 Nov 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Oct 31, 2023 Nov 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Sep 30, 2023 Oct 16, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Aug 31, 2023 Sep 15, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Aug 31, 2023 Sep 15, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Jul 31, 2023 Aug 15, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Jul 31, 2023 Aug 15, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Jun 30, 2023 Jul 15, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
May 31, 2023 Jun 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Apr 28, 2023 May 12, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Total 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 1.17996
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