Brompton North American Financials Dividend ETF

  • Management Style
    Active with Covered Calls
  • Closing Price (Jul 20, 2021)
    $23.48
  • NAV (Jul 22, 2021)
    $23.72
  • Distribution Rate (Jul 24, 2021)
    4.28%
  • ESG Score (1)
    B+
  • Total Assets (Jul 24, 2021)
    $35 Million
  • Management Style
    Active with Covered Calls
  • Closing Price (Jul 22, 2021)
    $25.95
  • NAV (Jul 22, 2021)
    $25.68
  • Distribution Rate (Jul 24, 2021)
    3.87%
  • 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 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, 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) (Jul 24, 2021)
    1,525,000
  • Ticker (USD Unit)
    BFIN.U
  • CUSIP (USD Unit)
    11221X206
  • Outstanding (USD Unit) (Jul 24, 2021)
    25,000
  • Management Fee
    0.75%
  • Inception Date
    October 17, 2018
  • 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-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 June 30, 2021

Total Net Asset Value$36,929,000

Holdings

% of Portfolio% of Net Asset Value
Bank of America Corp.7.9%
Goldman Sachs Group Inc.7.1%
Citigroup Inc.5.9%
National Bank of Canada5.9%
Brookfield Asset Management Inc.5.6%
Mastercard Inc.5.2%
First Republic Bank5.2%
Royal Bank of Canada5.1%
Morgan Stanley5.0%
S&P Global Inc.4.7%
Nasdaq Inc.4.6%
MetLife Inc.4.5%
JPMorgan Chase & Co.4.1%
Manulife Financial Corp.3.8%
American Express Co.2.9%
BlackRock Inc.2.8%
Raymond James Financial Inc.2.8%
Blackstone Group Inc.2.5%
Toronto-Dominion Bank2.5%
Cincinnati Financial Corp.2.3%
Capital One Financial Corp.2.3%
Fifth Third Bancorp2.3%
SVB Financial Group2.2%
Berkshire Hathaway Inc.2.1%
CME Group Inc.2.1%
Total0%101.4%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year Since Inception(3) Since Inception(4)
Brompton North American Financials Dividend ETF - CAD Hedged 21.3% 48.0% 12.2% n.a.
Brompton North American Financials Dividend ETF - USD 22.4% 52.8% n.a. 19.9%

Year-by-Year Returns

2020 2019 2018
Brompton North American Financials Dividend ETF - CAD Hedged 0.6% 29.8% (13.8%)(5)
Brompton North American Finanials Dividend ETF - USD 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. 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 Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Sep 30, 2021 Oct 15, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Aug 31, 2021 Sep 15, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Jul 30, 2021 Aug 16, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Jun 30, 2021 Jul 15, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
May 31, 2021 Jun 14, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Apr 30, 2021 May 14, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Mar 31, 2021 Apr 15, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Feb 26, 2021 Mar 12, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Jan 29, 2021 Feb 12, 2021 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Dec 31, 2020 Jan 15, 2021 0.00000 0.01368 0.00678 (0.00271) 0.00000 0.06558 0.08333
Nov 30, 2020 Dec 14, 2020 0.00000 0.01368 0.00678 (0.00271) 0.00000 0.06558 0.08333
Oct 30, 2020 Nov 13, 2020 0.00000 0.01368 0.00678 (0.00271) 0.00000 0.06558 0.08333
Total 0.00000 0.04104 0.02034 (0.00813) 0.00000 0.19674 0.99996
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