Brompton European Dividend Growth ETF

  • Management Style
    Active with Covered Calls
  • Closing Price (Jun 14, 2024)
    $10.54
  • NAV (Jun 13, 2024)
    $10.50
  • Distribution Rate (Jun 14, 2024)
    5.25%
  • ESG Score (1)
    A-

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?

  • 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 (Jun 14, 2024)
    2,100,052
  • Inception Date (CAD Hedged)
    July 21, 2017
  • Management Fee
    0.75%
  • ETF Conversion Date (CAD Hedged)
    April 23, 2019
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Auditor
    PricewaterhouseCoopers LLP
  • Currency
    CAD
  • Custodian
    CIBC Mellon Trust Company
  • Transfer Agent
    TSX Trust Company
  • Eligibility
    All registered and non-registered accounts
  • Risk Rating
    Medium

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.

Brompton European Dividend Growth ETF

Summary of Investment Portfolio as at May 31, 2024

Total Net Asset Value$22,466,000

Top 25 Holdings

% of Portfolio% of Net Asset Value
Schneider Electric SE5.8%
Safran S.A.5.2%
UniCredit SpA5.2%
BAE Systems PLC4.8%
Prysmian SpA4.6%
Credit Agricole S.A.4.4%
Compagnie de Saint Gobain S.A.4.2%
Allianz SE4.2%
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG4.2%
Industria de Diseno Textil S.A.4.1%
Universal Music Group NV4.0%
ASML Holding NV3.8%
Novo Nordisk A/S3.7%
Air Liquide S.A.3.7%
Enel SpA3.7%
EssilorLuxottica S.A.3.6%
Societe Generale S.A.3.6%
Tesco PLC3.5%
SAP SE3.3%
Vonovia SE3.2%
Deutsche Telekom AG3.2%
Cash3.2%
LVMH Moët Hennessy Louis Vuitton SE3.1%
TotalEnergies SE2.8%
Bayerische Motoren Werke AG1.8%
Total96.9%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year 10-Year Since Inception(3) Since Inception(4) Since Inception(2)
European Dividend Growth ETF 13.3% 20.1% 4.6% 8.0% 7.0%

Year-by-Year Returns

2023 2022 2021 2020 2019 2018 2017(4)
Brompton European Dividend Growth ETF 11.8% (19.2%) 24.4% 0.5% 34.8% (11.1%) 3.9%

Returns for Brompton European Dividend Growth ETF are unaudited.

This webpage is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained in this report are solely those of Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments. 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. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained on this webpage constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed on this webpage and to other matters identified in public filings relating to the ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

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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 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 Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Jun 28, 2024 Jul 15, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.04610
May 31, 2024 Jun 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.04610
Apr 30, 2024 May 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.04610
Mar 28, 2024 Apr 12, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.04610
Feb 29, 2024 Mar 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.04610
Jan 31, 2024 Feb 14, 2024 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.04610
Dec 29, 2023 Jan 15, 2024 0.00000 0.00000 0.01434 (0.00192) 0.00000 0.03368 0.04610
Nov 30, 2023 Dec 14, 2023 0.00000 0.00000 0.01434 (0.00192) 0.00000 0.03368 0.04610
Oct 31, 2023 Nov 14, 2023 0.00000 0.00000 0.01434 (0.00192) 0.00000 0.03368 0.04610
Sep 30, 2023 Oct 16, 2023 0.00000 0.00000 0.01434 (0.00192) 0.00000 0.03368 0.04610
Aug 31, 2023 Sep 15, 2023 0.00000 0.00000 0.01434 (0.00192) 0.00000 0.03368 0.04610
Jul 31, 2023 Aug 15, 2023 0.00000 0.00000 0.01434 (0.00192) 0.00000 0.03368 0.04610
Total 0.00000 0.00000 0.08604 0.00000 0.00000 0.20208 0.55320
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