Brompton North American Low Volatility Dividend ETF

  • Management Style
    Quantitative/Active with Covered Calls
  • Closing Price (Mar 30, 2023)
    $22.17
  • NAV (Mar 30, 2023)
    $22.23
  • Distribution Rate (Mar 30, 2023)
    4.60%
  • ESG Score (1)
    B+
Fund Profile Fund Profile - FR Commentary Portfolio Summary Low Volatility Primer Covered Call Primer Low Volatility White Paper KYP Resources
Low Volatility: Equity Upside with Downside Protection
Using Low Volatility to Hedge Market Sells Offs
Brompton Insights – Low Volatility: Attractive Risk Adjusted Returns the Boring Way
Brompton Insights – Time to Embrace Low Volatility

This ETF provides stable monthly cash distributions, and the opportunity for capital appreciation and low overall volatility of portfolio returns by investing in a portfolio of North American large capitalization equity securities selected by Brompton, complemented by a proprietary covered call options program to enhance monthly income. BLOV focuses on lowering total portfolio volatility through investing in a diversified blend of equities from North American issuers with a minimum market cap of $5 billion. Our Portfolio Management team employs quantitative analysis with an active fundamentals overlay to construct a portfolio with lower overall volatility than the market. The team also overlays an options strategy with the goal of further lowering volatility while increasing distributable cash and total returns.

Why Invest In Low Volatility Portfolios?

  • Over the long term, low volatility strategies have offered greater portfolio stability, higher risk-adjusted returns, and higher absolute returns than US or Canadian broad equity markets
  • Low volatility equity portfolios are observed to consistently outperform on both an absolute and a risk-adjusted basis
  • Brompton believes that its  blended quantitative and fundamental approach to constructing Low-Volatility portfolios is a more effective strategy than taken by many competing Low Volatility ETFs

This ETF is for Investors who are:

  • Seeking reliable monthly income
  • Looking for equity exposure with a focus on risk-adjusted return over absolute return
  • Comfortable with equity risk

FUND FACTS

  • Ticker
    BLOV
  • CUSIP
    11222V100
  • Outstanding (Mar 30, 2023)
    360,000
  • Inception Date (CAD Hedged)
    April 30, 2020
  • Management Fee
    0.55%
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Currency
    Hedged to CAD
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Risk Rating
    Medium

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.

(1) Source: Refinitiv, as at February 28, 2023. Reflects the weighted average ESG Score of the companies held in the portfolio, with ESG Score coverage on 99% of the Fund’s portfolio. The Fund’s ESG Score is updated on a monthly basis. The ESG Score is an overall score of a company based on the reported information in the environmental, social and corporate governance pillars. Letter grades range from D- for the lowest ESG scores to A+ for the highest scores. See https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/esg-scores-methodology.pdf for more information. This Fund does not have ESG-related investment objectives. Please see the Fund’s prospectus for its investment objectives and strategies. The ESG score does not evaluate the ESG-related investment objectives of, or any ESG strategies used by, the Fund and is not indicative of how well ESG factors are integrated by the Fund. Other providers may calculate ESG scores using their own methodologies which may differ from the methodology used by Refinitiv. The Fund’s ESG characteristics and performance may differ from time to time. View the trailing 12 month historical ESG Scores for the Fund: https://www.bromptongroup.com/wp-content/uploads/2018/11/Brompton_12_Month_ESG_Scores.pdf.

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Brompton North American Low Volatility Dividend ETF

Summary of Investment Portfolio as at February 28, 2023

Total Net Asset Value$7,153,000

Holdings

% of Portfolio% of Net Asset Value
Johnson & Johnson9.2%
BCE Inc9.0%
Telus Corp9.0%
Brookfield Infrastructure Partners LP7.5%
Costco Wholesale Corp5.3%
Franco-Nevada Corp5.2%
Merck & Co Inc5.0%
Coca-Cola Co4.6%
Hydro One Ltd4.6%
Bristol-Myers Squibb Co4.5%
NXP Semiconductors NV4.3%
Nextera Energy Inc3.8%
Cummins Inc3.7%
Metro Inc3.7%
Kellogg Co3.6%
Loblaw Companies Ltd3.6%
Colgate-Palmolive Co3.3%
Gilead Sciences Inc3.3%
Kimberly-Clark Corp2.6%
Hershey Co2.4%
Keurig Dr Pepper Inc2.3%
Cash and short-term investments1.2%
Other net assets (liabilities)-1.6%
Total0%100.1%

1)The investment portfolio may change due to ongoing portfolio transactions of the investment fund. Quarterly updates are available on the Fund's website at www.bromptongroup.com within 60 days of each quarter end.

2)Totals may not equal 100% due to rounding.

Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-year Since Inception(3)
Brompton North American Low Volatility Dividend ETF (2.9%) (3.9%) 6.9%

Year-by-Year Returns

2022 2021 2020 (4)
Brompton North American Low Volatility Dividend ETF (8.2%) 21.8% 11.3%

(1) The chart is hypothetical and intended for illustrative purposes only. The chart reflects a hypothetical $10,000 investment based on Net Asset Value per unit and assumes that distributions made by the Fund on its units were reinvested at Net Asset Value per unit in additional units of the Fund. The chart is derived from data supplied by Morningstar. © 2021 Morningstar. All Rights Reserved. The information contained herein: (i) is proprietary to Morningstar and/or its content providers; (ii) may not be copied or distributed; and (iii) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

(2) Returns are for the periods ended February 28, 2023. The table above shows the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per unit and assumes that distributions made by the Fund on its units in the period shown were reinvested at Net Asset Value per unit in additional units of the Fund. The table above also shows the Fund's compound return for each period indicated.

(3) Period from April 30, 2020 (commencement of operations) to February 28, 2023.

(4) Period from April 30, 2020 (Inception) to December 31, 2020.

Returns for Brompton North American Low Volatility 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.

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
Mar 31, 2023 Apr 17, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08500
Feb 28, 2023 Mar 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08500
Jan 31, 2023 Feb 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08500
Dec 30, 2022 Jan 16, 2023 0.00000 0.02296 0.00152 (0.00061) 0.00000 0.06113 0.08500
Nov 30, 2022 Dec 14, 2022 0.00000 0.02296 0.00152 (0.00061) 0.00000 0.06113 0.08500
Oct 31, 2022 Nov 14, 2022 0.00000 0.02296 0.00152 (0.00061) 0.00000 0.06113 0.08500
Sep 30, 2022 Oct 17, 2022 0.00000 0.02296 0.00152 (0.00061) 0.00000 0.06113 0.08500
Aug 31, 2022 Sep 15, 2022 0.00000 0.02296 0.00152 (0.00061) 0.00000 0.06113 0.08500
Jul 29, 2022 Aug 15, 2022 0.00000 0.02296 0.00152 (0.00061) 0.00000 0.06113 0.08500
Jun 30, 2022 Jul 15, 2022 0.00000 0.02025 0.00135 (0.00053) 0.00000 0.05393 0.07500
May 31, 2022 Jun 14, 2022 0.00000 0.02025 0.00135 (0.00053) 0.00000 0.05393 0.07500
Apr 29, 2022 May 13, 2022 0.00000 0.02025 0.00135 (0.00053) 0.00000 0.05393 0.07500
Total 0.00000 0.19851 0.01317 0.00000 0.00000 0.52857 0.99000
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Quick Contact

General Inquiries: (416) 642-9061|Investor Relations: (416) 642-6000|Toll Free: 1-866-642-6001
Email: info@bromptongroup.com
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