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Brompton European Dividend Growth ETF

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  • Closing Price (Nov 20, 2019) $10.24
  • Distribution $0.0416
  • Distribution Rate (Nov 21, 2019) 4.88%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Nov 20, 2019) $10.26
  • Total Assets (Nov 21, 2019) $24 Million

Why Invest?

  • Approximately equal-weight portfolio of equity securities of large capitalization European Dividend Growth Companies
  • Monthly distributions with capital appreciation potential
  • Selective covered call strategy to enhance portfolio income and lower volatility
  • European companies with a history of growing dividends have outperformed the broader market over time.

Why Europe?

  • Earnings growth expected to improve for European companies
  • Manager believes European equities are currently attractively valued
  • Diversification benefits: Europe provides an opportunity for Canadians to diversify by investing in equity sectors that are underrepresented in the Canadian market

This ETF is for Investors who are:

  • Seeking capital appreciation
  • Seeking enhanced income and lower volatility through covered call strategies
  • Comfortable with equity risk

FUND FACTS

  • Ticker
    EDGF
  • CUSIP
    11222M100
  • Outstanding (Nov 21, 2019)
    2,350,804
  • Inception Date
    July 21, 2017
  • Currency
    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
  • Annual Redemption Date
    2nd last business day of July
  • Annual Redemption Notice Deadline
    Last business day of June
  • Risk Rating
    Medium
  • ESG Score(1)
    A-

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 European Dividend Growth ETF

Summary of Investment Portfolio as at October 31, 2019

Total Net Asset Value$20,989,817.00

Holdings

% of Portfolio% of Net Asset Value
ASML Holding NV5.5%5.5%
Enel SpA4.8%4.8%
Medtronic PLC4.7%4.7%
AstraZeneca PLC4.7%4.7%
Aon PLC4.7%4.7%
Experian PLC4.7%4.7%
SAP SE4.6%4.6%
Adidas AG4.6%4.6%
Vinci SA4.6%4.6%
Nestle SA4.5%4.5%
Orsted A/S4.5%4.5%
LVMH Moet Hennessy Louis Vuitton SE4.4%4.4%
Koninklijke Philips NV4.4%4.4%
Diageo PLC4.3%4.3%
Kering SA4.3%4.3%
Sanofi SA4.2%4.2%
Danone SA4.2%4.2%
Airbus SE4.1%4.1%
Novartis AG4.0%4.0%
Dnb ASA3.9%3.9%
Cash and short-term investments3.7%3.7%
Capgemini SE3.7%3.7%
London Stock Exchange Group PLC2.9%2.8%
Total100%99.9%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year Since Inception(3)
Brompton European Dividend Growth ETF 29.7% 21.6% 8.2%
STOXX Europe 600 Index 21.6% 13.9% 4.8%
S&P/TSX Composite Index 18.0% 13.2% 6.6%

Year-by Year Returns

2018 2017(4)
Brompton European Dividend Growth ETF (11.1%) 3.9%
STOXX Europe 600 Index (10.3%) 2.1%
S&P/TSX Composite Index (8.9%) 8.2%

Returns for Brompton European Dividend Growth 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 purpose of the Income Tax Act (Canada), are resident in Canada and hold units as capital property outside of an RRSP, DPSP, RRIF, RESP or TFSA. Unitholders should receive a T3 slip from their investment dealer providing this information.

T3 supplementary slips for holdings of the Fund will indicate Other Income (Investment Income and Non-Investment Income) in Box 26, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Eligible Dividend Income in 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 Fund units and is reported on the T3 supplementary slips in Box 42.

The following table outlines the breakdown in the Fund’s distributions declared on a per unit basis

Select a year
Record Date Payment Date Return of Capital Foreign Non- Business Income Foreign Non- Business Income Tax Paid Capital Gains Total Distribution
Dec 31, 2019 Jan 15, 2020 0.00000 0.00000 0.00000 0.00000 0.04160
Nov 29, 2019 Dec 13, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Oct 31, 2019 Nov 14, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Sep 30, 2019 Oct 15, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Aug 30, 2019 Sep 16, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Jul 31, 2019 Aug 15, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Jun 28, 2019 Jul 15, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
May 31, 2019 Jun 14, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Apr 30, 2019 May 14, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Mar 29, 2019 Apr 12, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Feb 28, 2019 Mar 14, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Jan 31, 2019 Feb 14, 2019 0.00000 0.00000 0.00000 0.00000 0.04160
Total 0.00000 0.00000 0.00000 0.00000 0.49920
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