Brompton North American Financials Dividend ETF

  • Management Style
    Active with Covered Calls
  • Closing Price (May 29, 2024)
    $20.89
  • NAV (May 29, 2024)
    $20.88
  • Distribution Rate (May 29, 2024)
    5.65%
  • 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) (May 29, 2024)
    2,375,000
  • Ticker (USD Unit)
    BFIN.U
  • CUSIP (USD Unit)
    11221X206
  • Outstanding (USD Unit) (May 15, 2024)
    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 April 30, 2024

Total Net Asset Value$48,861,000

Holdings

% of Portfolio% of Net Asset Value
JPMorgan Chase & Co.8.1%
Berkshire Hathaway Inc.7.4%
Ameriprise Financial Inc.7.0%
Manulife Financial Corp.6.0%
Bank of America Corp.5.7%
Synchrony Financial5.7%
Wells Fargo & Co.5.6%
Morgan Stanley5.5%
Royal Bank of Canada5.4%
M&T Bank Corp.5.4%
Raymond James Financial Inc.5.2%
Aflac Inc.4.6%
Brookfield Corp.4.2%
KeyCorp3.9%
Mastercard Inc.3.6%
Progressive Corp.3.3%
Intact Financial Corp.2.9%
East West Bancorp Inc.2.8%
Citigroup Inc.2.6%
Cboe Global Markets Inc.2.6%
US Bancorp2.3%
iA Financial Corporation Inc.1.6%
Cash0.2%
Other net assets (liabilities)-1.6%
Total100%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year 10-Year Since Inception(3) Since Inception(4) Since Inception(2)
Brompton North American Financials Dividend ETF - CAD Hedged 7.5% 18.9% 1.1% 5.7% 5.9% N.A.
Brompton North American Financials Dividend ETF - USD 6.7% 19.4% 0.9% N.A. N.A. 7.7%

Year-by-Year Returns

2023 2022 2021 2020 2019 2018
Brompton North American Financials Dividend ETF - CAD Hedged 8.0% (19.1%) 30.4% 0.6% 29.8% (13.8%)(5)
Brompton North American Finanials Dividend ETF - USD 9.3% (19.6%) 31.4% 3.1% 11.8%(6) n.a.

Returns for Brompton North American Financials Dividend 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.

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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
Jun 28, 2024 Jul 15, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
May 31, 2024 Jun 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Apr 30, 2024 May 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Apr 30, 2024 May 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Mar 28, 2024 Apr 12, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Feb 29, 2024 Mar 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Jan 31, 2024 Feb 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Jan 31, 2024 Feb 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09833
Dec 29, 2023 Jan 15, 2024 0.00000 0.01259 0.01243 (0.00395) 0.00000 0.07726 0.09833
Nov 30, 2023 Dec 14, 2023 0.00000 0.01259 0.01243 (0.00395) 0.00000 0.07726 0.09833
Oct 31, 2023 Nov 14, 2023 0.00000 0.01259 0.01243 (0.00395) 0.00000 0.07726 0.09833
Sep 30, 2023 Oct 16, 2023 0.00000 0.01259 0.01243 (0.00395) 0.00000 0.07726 0.09833
Total 0.00000 0.05036 0.04972 0.00000 0.00000 0.30904 1.17996
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