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Brompton North American Financials Dividend ETF

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  • Closing Price (Aug 16, 2019) $19.32
  • Distribution $0.08333
  • Distribution Rate (Aug 17, 2019) 5.39%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Aug 15, 2019) $19.05
  • Total Assets (Aug 17, 2019) $20 Million
  • Closing Price (Aug 16, 2019) $19.82
  • Distribution $0.08333
  • Distribution Rate (Aug 17, 2019) 4.15%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Aug 15, 2019) $19.71

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) (Aug 17, 2019)
    1,025,000
  • Ticker (USD Unit)
    BFIN.U
  • CUSIP (USD Unit)
    11221X206
  • Ouststanding (USD Unit) (Aug 17, 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)
    B+

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 June 30, 2019

Total Net Asset Value$20,382,027.00

Top 10 Holdings

% of Portfolio% of Net Asset Value
Mastercard Inc.5.9%5.9%
S&P Global Inc.5.7%5.7%
Aon PLC5.6%5.6%
American Express Co5.4%5.4%
Progressive Corp5.4%5.4%
Sun Life Financial Inc.5.3%5.3%
PNC Financial Services Group Inc5.1%5.1%
Broadridge Financial Solutions Inc5.1%5.0%
First Republic Bank5.0%5.0%
JPMorgan Chase & Co4.9%4.9%
Total53.4%53.3%
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.

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