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Brompton North American Low Volatility Dividend ETF

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  • Closing Price (Jun 02, 2020) $20.43
  • Distribution $0.06667
  • Distribution Rate (Jun 03, 2020) 3.73%
  • ESG Score (2) B+
  • Management Style Quantitative/Active with Covered Calls
  • Management Fee 0.55%
  • NAV (Jun 02, 2020) $20.47
  • Total Assets (Jun 03, 2020) $1 Million

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
    11222V1004
  • Outstanding (Jun 03, 2020)
    75,000
  • Inception Date
    April 30, 2020
  • MER
    0.55%
  • Currency
    Hedged to CAD
  • 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
    Low to Medium

Manager/Portfolio Manager:

Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds. Our funds are designed to address investors’ cash flow requirements and to provide them with value-added diversification strategies. Since inception, Brompton has paid out over $2.5 billion in distributions. For those investors that do not require the regular cash flow, our funds also offer commission-free distribution reinvestment plans for additional units in the funds. For the level of service provided, our funds are known for their low management fees and costs.

Brompton North American Low Volatility Dividend ETF

Summary of Investment Portfolio as at May 1, 2020

Total Net Asset Value$997,614.00

Holdings

% of Portfolio% of Net Asset Value
Coca-Cola Co8.98.9
BCE Inc8.88.8
Walmart Inc8.88.8
Franco-Nevada Corp8.78.7
Hormel Foods Corp6.96.9
Costco Wholesale Corp6.46.4
Mondelez International Inc5.65.6
Automatic Data Processing4.84.8
Verizon Communications Inc4.44.4
Loblaw Companies Ltd4.34.3
Dollar General Corp4.14.1
Pfizer Inc3.93.9
Garmin Ltd3.43.4
Target Corp3.23.2
Procter & Gamble3.13.1
Monster Beverage Corp2.92.9
Saputo Inc2.22.2
Johnson & Johnson2.02.0
Merck & Co. Inc.2.02.0
Telus Corp2.02.0
AT&T Inc2.02.0
Cash and short-term investments1.61.6
Total100%100%
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
Record Date Payment Date Return of Capital Foreign Non- Business Income Foreign Non- Business Income Tax Paid Total Distribution
Jun 30, 2020 Jul 15, 2020 0.00000 0.00000 0.00000 0.06667
May 29, 2020 Jun 12, 2020 0.00000 0.00000 0.00000 0.06022
Total 0.00000 0.00000 0.00000 0.12689
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