Brompton Tech Leaders Income ETF

  • Management Style
    Active with Covered Calls
  • Closing Price (Feb 03, 2023)
    $17.03
  • NAV (Feb 02, 2023)
    $17.23
  • Distribution Rate (Feb 03, 2023)
    6.75%
  • ESG Score (1)
    A-
  • Management Style
    Active with Covered Calls
  • Closing Price (Feb 02, 2023)
    $18.21
  • NAV (Feb 02, 2023)
    $18.43
  • Distribution Rate (Feb 02, 2023)
    6.61%
  • ESG Score (1)
    A-

This ETF provides high monthly distributions and the opportunity for capital gains through an investment in an actively managed portfolio of large cap global Technology companies selected by Brompton, complemented by a proprietary covered call program.

Our PM team first uses top-down analysis to identify attractive sub-sectors. Rigorous fundamental analysis focuses the portfolio on 15 to 20 global Technology companies which offer a combination of growth and value characteristics. The PMs then actively set the level of covered call writing, with the goal of optimizing distributable cash and total returns.

Why Invest in Technology?

  • Tech sector is profitable, with minimal debt, and significant free cash flow
  • Under-represented sector in the Canadian equity market; global Technology equities provide diversification benefits
  • Long term trends are supportive of Technology 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)
    TLF
  • CUSIP (CAD Hedged)
    11222A106
  • Outstanding (CAD Hedged) (Feb 03, 2023)
    3,806,017
  • Ticker (USD Unit)
    TLF.U
  • CUSIP (USD Unit)
    11222A205
  • Outstanding (USD Unit) (Feb 02, 2023)
    112,500
  • Inception Date (CAD Hedged)
    May 20, 2011
  • ETF Conversion Date (CAD Hedged)
    April 3, 2018
  • Inception Date (USD)
    May 20, 2011
  • Management Fee
    0.75%
  • 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

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.

Brompton Tech Leaders Income ETF

Summary of Investment Portfolio as at November 30, 2022

Total Net Asset Value$60,925,000

Holdings

% of Portfolio% of Net Asset Value
Gartner Inc5.9%
Applied Materials Inc5.8%
Keysight Technologies Inc5.5%
Microsoft Corp5.3%
KLA Corp5.3%
Alphabet Inc5.2%
Accenture PLC5.2%
CDW Corp4.7%
International Business Machines Corp4.7%
Synopsys Inc4.7%
Apple Inc4.6%
Fortinet Inc4.3%
Broadcom Inc4.3%
Automatic Data Processing Inc4.3%
Intuit Inc4.1%
ASML Holding NV3.8%
Amphenol Corp3.8%
Cadence Design Systems Inc3.8%
Motorola Solutions Inc3.1%
Fiserv Inc3.0%
NVIDIA Corp2.7%
Cisco Systems Inc2.5%
ServiceNow Inc2.1%
Cash and short-term investments0.6%
Other net assets (liabilities)0.5%
Total0%99.8%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

1-Year 3-Year 5-Year 10-Year Since Inception(3) Since Inception(4)
Brompton Tech Leaders Income ETF - CAD Hedged (29.1%) 8.6% 12.8% 13.3% 11.1% n.a.
Brompton Tech Leaders Income ETF - USD (27.9%) 10.1% n.a. n.a. n.a. 12.6%

Year-by-Year Returns

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Brompton Tech Leaders Income ETF - CAD Hedged (29.1%) 30.4% 38.4% 37.2% 4.0% 34.4% 8.4% (13.3%) 15.3% 31.2% 4.8%
Brompton Tech Leaders Income ETF - USD (27.9%) 31.0% 41.2% 12.2%(5) n.a. n.a. n.a. n.a. n.a. n.a. n.a.

Returns for Brompton Tech Leaders Income 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 0.09583
Feb 28, 2023 Mar 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Jan 31, 2023 Feb 14, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Dec 30, 2022 Jan 16, 2023 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Nov 30, 2022 Dec 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Oct 31, 2022 Nov 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Sep 30, 2022 Oct 17, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Aug 31, 2022 Sep 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Jul 29, 2022 Aug 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.09583
Jun 30, 2022 Jul 15, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
May 31, 2022 Jun 14, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Apr 29, 2022 May 13, 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.08333
Total 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 1.11246
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