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Brompton Global Healthcare Income & Growth ETF

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  • Closing Price (Jan 17, 2020) $9.96
  • Distribution $0.05
  • Distribution Rate (Jan 18, 2020) 6.06%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Jan 16, 2020) $9.91
  • Total Assets (Jan 18, 2020) $56 Million
  • Closing Price (Jan 17, 2020) $10.19
  • Distribution $0.05
  • Distribution Rate (Jan 18, 2020) 5.47%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Jan 16, 2020) $10.16

This ETF provides monthly distributions and the opportunity for capital gains through an investment in an actively managed portfolio of large-cap global Healthcare 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 15 to 30 global Healthcare companies which offer a combination of growth and value characteristics. 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 Healthcare?

  • Strong historical earnings growth and stable relative share performance
  • Under-represented sector in the Canadian equity market; global Healthcare equities provide diversification benefits
  • Long term trends are supportive of Healthcare equities

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)
    HIG
  • CUSIP (CAD Hedged)
    11222T105
  • Ouststanding (CAD Hedged) (Jan 18, 2020)
    5,657,692
  • Ticker (USD Unit)
    HIG.U
  • CUSIP (USD Unit)
    11222T204
  • Ouststanding (USD Unit) (Jan 18, 2020)
    87,500
  • Inception Date
    September 24, 2015
  • ETF Conversion Date
    April 3, 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(3)
    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 Global Healthcare Income & Growth ETF

Summary of Investment Portfolio as at December 31, 2019

Total Net Asset Value$55,161,790.00

Top 25 Holdings

% of Portfolio% of Net Asset Value
Humana Inc4.6%4.6%
UnitedHealth Group Inc4.4%4.3%
Edwards LifeSciences Corp.4.3%4.2%
Bristol-Myers Squibb Co4.2%4.1%
Amgen Inc.4.1%4.0%
Boston Scientific Corp.4.1%4.0%
CVS Health Group4.1%4.0%
Zimmer Biomet Holdings Inc4.0%4.0%
Sanofi SA4.0%4.0%
Steris PLC4.0%3.9%
Abbvie Inc.4.0%3.9%
Thermo Fisher Scientific Inc3.9%3.9%
Zoetis Inc3.9%3.9%
Roche Holding AG3.9%3.9%
Becton Dickinson and Co3.9%3.8%
Abbott Laboratories3.9%3.8%
Medtronic PLC3.9%3.8%
GlaxoSmithKline PLC3.8%3.8%
AstraZeneca PLC3.8%3.8%
Novo Nordisk A/S3.8%3.7%
Stryker Corp3.8%3.7%
Merck KGaA3.6%3.6%
Danaher Corp2.0%2.0%
Johnson & Johnson2.0%2.0%
Merck & Co Inc.1.9%1.9%
Total93.9%92.6%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

Annual Compound Returns YTD 1-Year 3-Year Since Inception(3)
Brompton Global Healthcare Income & Growth ETF 22.0% 22.0% 12.5% 7.8%
MSCI World Health Care Index 23.9% 23.9% 15.4% 9.6%
S&P/TSX Composite Index 22.8% 22.8% 6.9% 9.1%

Year-by-Year Returns

2019 2018 2017 2016 2015(4)
Brompton Global Healthcare Income & Growth ETF 22.0% 5.0% 11.2% (6.3%) 3.1%
MSCI World Health Care Index 23.9% 3.0% 20.4% (6.3%) 4.0%
S&P/TSX Composite Index 22.8% (8.9%) 9.1% 21.1% (1.5%)

Returns for Brompton Global Healthcare Income & 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 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

Class A Share

Record Date Payment Date Return of Capital Total Distribution
Dec 31, 2019 Jan 15, 2020 0.00000 0.05000
Nov 29, 2019 Dec 13, 2019 0.00000 0.05000
Oct 31, 2019 Nov 14, 2019 0.00000 0.05000
Sep 30, 2019 Oct 15, 2019 0.00000 0.05000
Aug 30, 2019 Sep 16, 2019 0.00000 0.05000
Jul 31, 2019 Aug 15, 2019 0.00000 0.05000
Jun 28, 2019 Jul 15, 2019 0.00000 0.05000
May 31, 2019 Jun 14, 2019 0.00000 0.05000
Apr 30, 2019 May 14, 2019 0.00000 0.05000
Mar 29, 2019 Apr 12, 2019 0.00000 0.05000
Feb 28, 2019 Mar 14, 2019 0.00000 0.05000
Jan 31, 2019 Feb 14, 2019 0.00000 0.05000
Total 0.00000 0.60000
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