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Brompton North American Financials Dividend ETF

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  • Closing Price (Oct 21, 2019) $19.97
  • Distribution $0.08333
  • Distribution Rate (Oct 22, 2019) 5.23%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Oct 21, 2019) $19.95
  • Total Assets (Oct 22, 2019) $21 Million
  • Closing Price (Oct 21, 2019) $20.71
  • Distribution $0.08333
  • Distribution Rate (Oct 22, 2019) 3.97%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Oct 21, 2019) $20.75

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 (CAD Hedged)
    BFIN
  • CUSIP (CAD Hedged)
    11221X107
  • Ouststanding (CAD Hedged) (Oct 22, 2019)
    1,025,000
  • Ticker (USD Unit)
    BFIN.U
  • CUSIP (USD Unit)
    11221X206
  • Ouststanding (USD Unit) (Oct 22, 2019)
    50,000
  • Inception Date
    October 17, 2018
  • MER(1)
    0.95%
  • 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
  • ESG Score(2)
    A-

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 September 30, 2019

Total Net Asset Value$22,555,917.00

Holdings

% of Portfolio% of Net Asset Value
S&P Global Inc.6.2%6.2%
Mastercard Inc.6.0%6.0%
Sun Life Financial Inc.5.7%5.7%
Aon PLC5.5%5.6%
American Express Co5.1%5.2%
Progressive Corp5.1%5.2%
PNC Financial Services Group Inc5.1%5.2%
JPMorgan Chase & Co5.1%5.1%
First Republic Bank4.9%5.0%
Broadridge Financial Solutions Inc.4.9%4.9%
Automatic Data Processing Inc.4.8%4.9%
Toronto-Dominion Bank4.8%4.9%
Bank of America Corp4.8%4.8%
Citigroup Inc4.7%4.7%
MetLife Inc4.5%4.6%
Aflac Inc4.4%4.5%
Royal Bank of Canada4.3%4.4%
Goldman Sachs Group Inc4.3%4.4%
Morgan Stanley4.3%4.3%
CME Group Inc3.7%3.8%
Cash and short-term investments1.8%1.9%
Total100%101.3%
NAV History

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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

Class U Unit

Record Date Payment Date Foreign Non- Business Income Foreign Non- Business Income Tax Paid Capital Gains Return of Capital Total Distribution
Sep 30, 2019 Oct 15, 2019 0.00000 0.00000 0.00000 0.00000 0.08333
Aug 30, 2019 Sep 16, 2019 0.00000 0.00000 0.00000 0.00000 0.05376
Total 0.00000 0.00000 0.00000 0.00000 0.13709
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