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.
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.
Summary of Investment Portfolio as at April 30, 2023
|% of Portfolio||% of Net Asset Value|
|Berkshire Hathaway Inc||7.0%|
|iA Financial Corporation Inc||6.5%|
|Arthur J. Gallagher & Co.||6.5%|
|Ameriprise Financial Inc||6.3%|
|Royal Bank of Canada||6.1%|
|JPMorgan Chase & Co||5.5%|
|Raymond James Financial Inc||5.4%|
|Bank of America Corp||5.0%|
|Truist Financial Corp||3.4%|
|Intact Financial Corp||2.9%|
|Cash and short-term investments||1.6%|
|Brookfield Asset Management Ltd||1.0%|
|Other net assets (liabilities)||-1.1%|
|YTD||1-Year||3-Year||Since Inception(3)||Since Inception(4)|
|Brompton North American Financials Dividend ETF - CAD Hedged||(7.5%)||(12.5%)||6.4%||2.0%||n.a.|
|Brompton North American Financials Dividend ETF - USD||(7.5%)||(13.5%)||7.4%||n.a.||3.2%|
|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.
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.
Investors may elect to automatically reinvest their distributions in additional units of the Fund and realize the benefits of compound growth.
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.
|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|
|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|
|Mar 31, 2023||Apr 17, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.09833|
|Feb 28, 2023||Mar 14, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.09833|
|Jan 31, 2023||Feb 14, 2023||0.00000||0.00000||0.00000||0.00000||0.00000||0.00000||0.09833|
|Dec 30, 2022||Jan 16, 2023||0.00000||0.01670||0.01035||(0.00414)||0.00000||0.07542||0.09833|
|Nov 30, 2022||Dec 14, 2022||0.00000||0.01670||0.01035||(0.00414)||0.00000||0.07542||0.09833|
|Oct 31, 2022||Nov 14, 2022||0.00000||0.01670||0.01035||(0.00414)||0.00000||0.07542||0.09833|
|Sep 30, 2022||Oct 17, 2022||0.00000||0.01670||0.01035||(0.00414)||0.00000||0.07542||0.09833|
|Aug 31, 2022||Sep 15, 2022||0.00000||0.01670||0.01035||(0.00414)||0.00000||0.07542||0.09833|
|Jul 29, 2022||Aug 15, 2022||0.00000||0.01670||0.01035||(0.00414)||0.00000||0.07542||0.09833|
|Jun 30, 2022||Jul 15, 2022||0.00000||0.01415||0.00878||(0.00350)||0.00000||0.06390||0.08333|