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Brompton North American Financials Dividend ETF

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  • Closing Price (Jan 17, 2019) $18.26
  • Distribution $0.08333
  • Distribution Rate (Jan 19, 2019) 6.71%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Jan 17, 2019) $18.44
  • Total Assets (Dec 31, 2018) $12 Million

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 at least 15 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 (up to a maximum of 33%), 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 technology companies directly
  • Can handle the ups and downs of the stock market

FUND FACTS

  • Ticker
    BFIN
  • CUSIP
    11221X107
  • Outstanding (Jan 19, 2019)
    725,000
  • Inception Date
    October 18, 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

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 North American Financials Dividend ETF

Summary of Investment Portfolio as at October 17, 2018

Total Net Asset Value$999,780.27

Holdings

% of Portfolio% of Net Asset Value
Comerica Incorporated4.7%4.8%
Goldman Sachs Group Inc. (The)4.7%4.8%
Morgan Stanley4.7%4.8%
Citigroup Inc.4.7%4.7%
Toronto-Dominion Bank (The)4.7%4.7%
CME Group Inc. 4.7%4.7%
JPMorgan Chase & Co.4.7%4.7%
S&P Global Inc. 4.7%4.7%
Sun Life Financial Inc.4.7%4.7%
Bank of America Corporation4.7%4.7%
Aon plc4.7%4.7%
Progressive Corporation (The)4.7%4.7%
Bank of Montreal4.6%4.7%
BOK Financial Corporation4.6%4.7%
Northern Trust Corporation4.6%4.7%
First Republic Bank4.6%4.6%
PNC Financial Services Group Inc. (The)4.6%4.6%
Broadridge Financial Solutions, Inc.4.6%4.6%
SVB Financial Group4.6%4.6%
American Express Company4.6%4.6%
Mastercard Incorporated4.6%4.6%
Cash and short-term investments2.2%2.2%
Total100%100.6%
NAV History

Filter By Document Type:
Select a year
Record Date Payment Date Foreign Non- Business Income Foreign Non- Business Income Tax Paid Capital Gains Return of Capital Total Distribution
Dec 31, 2018 Jan 15, 2019 0.00000 0.00000 0.00000 0.00000 0.08333
Nov 30, 2018 Dec 14, 2018 0.00000 0.00000 0.00000 0.00000 0.12096
Oct 15, 2018 Oct 15, 2018 0.00000 0.00000 0.00000 0.00000 0.08333
Total 0.00000 0.00000 0.00000 0.00000 0.28762
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