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Brompton Tech Leaders Income ETF

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  • Closing Price (Dec 11, 2019) $13.60
  • Distribution $0.054
  • Distribution Rate (Dec 12, 2019) 4.80%
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Dec 11, 2019) $13.62
  • Total Assets (Dec 12, 2019) $38 Million
  • Closing Price (Dec 11, 2019) $13.00
  • Distribution $0.054
  • Distribution Frequency Monthly
  • Management Style Active with Covered Calls
  • Management Fee 0.75%
  • NAV (Dec 11, 2019) $13.88

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 (up to a maximum of 33%), 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
  • Ouststanding (CAD Hedged) (Dec 12, 2019)
    2,802,854
  • Ticker (USD Unit)
    TLF.U
  • CUSIP (USD Unit)
    11222A205
  • Ouststanding (USD Unit) (Dec 12, 2019)
    112,500
  • Inception Date
    May 20, 2011
  • 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 Tech Leaders Income ETF

Summary of Investment Portfolio as at November 30, 2019

Total Net Asset Value$40,307,661.00

Holdings

% of Portfolio% of Net Asset Value
Mastercard Incorporated6.91%6.97%
CDW Corp6.87%6.93%
Fiserv Inc.6.86%6.92%
Microsoft Corporation6.71%6.78%
Keysight Technologies Inc6.69%6.75%
Apple Inc.6.59%6.65%
Adobe Inc.6.14%6.20%
Amphenol Corp5.58%5.64%
ServiceNow Inc5.48%5.53%
Motorola Solutions Inc5.09%5.14%
Visa Inc4.89%4.02%
Texas Instruments Inc4.57%4.62%
Accenture PLC4.51%4.55%
Crown Castle International Corp4.41%4.45%
ASML Holding NV2.87%2.89%
Salesforce.Com Inc2.73%2.76%
STMicroelectronics NV2.73%2.75%
Amazon.com Inc2.63%2.65%
Alphabet Inc2.55%2.58%
Marvell Technology Group Ltd2.51%2.54%
KLA Corp2.48%2.51%
Cash and short-term investments0.18%0.18%
Total99.98%100.01%
Performance NAV History

Growth of $10,000(1)

Annual Compound Returns(2)

YTD 1-Year 3-Year 5-Year Since Inception(3)
Brompton Tech Leaders Income ETF 33.2% 22.3% 23.4% 11.9% 11.7%
S&P Technology Index 43.8% 31.7% 26.5% 18.7% 18.2%
S&P/TSX Composite Index 22.3% 15.7% 7.3% 6.1% 5.8%

Year-by-Year Returns

2018 2017 2016 2015 2014 2013 2012 2011(4)
Brompton Tech Leaders Income ETF 4.0% 34.4% 8.4% (13.3%) 15.3% 31.2% 4.8% (7.0%)
S&P Technology Index (0.3%) 38.8% 13.8% 5.9% 20.1% 28.4% 14.8% (1.1%)
S&P/TSX Composite Index (8.9%) 9.1% 21.1% (8.3%) 10.6% 13.0% 7.2% (10.9%)

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. 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 U Unit

Record Date Payment Date Return of Capital Total Distribution
Dec 31, 2019 Jan 15, 2020 0.00000 0.05400
Nov 29, 2019 Dec 13, 2019 0.00000 0.05400
Oct 31, 2019 Nov 14, 2019 0.00000 0.05400
Sep 30, 2019 Oct 15, 2019 0.00000 0.05400
Aug 30, 2019 Sep 16, 2019 0.00000 0.03484
Total 0.00000 0.25084
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