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.
Eligibility All registered and non-registered accounts
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.
(1) The manager intends to limit certain expenses to 0.95% of NAV.
Market Data provided by TMX, and powered by QuoteMedia
Tech Leaders Income ETF
Summary of Investment Portfolio as at December 31, 2018
Total Net Asset Value$31,448,755.00
% of Portfolio
% of Net Asset Value
Keysight Technologies Inc.
Verizon Communications Inc.
Cisco Systems Inc.
Crown Castle International Corp.
Motorola Solutions Inc.
Cash and short-term investments
1)The investment portfolio may change due to ongoing portfolio transactions of the investment fund. Quarterly updates are available on the Fund's website at www.bromptongroup.com within 60 days of each quarter end.
The tables show the past performance of the Fund. Past performance does not necessarily indicate how the Fund will perform in the future. The information shown is based on Net Asset Value per Class A share and per unit, or the redemption price per Preferred share and assumes that distributions (including deemed distributions based on the intrinsic value of the warrants at approximately the exercise date of the warrants) made by the Fund on the Class A shares, Preferred shares and units in the periods shown were reinvested (at Net Asset Value per Class A share and per unit, or the redemption price per Preferred share) in additional Class A shares, units and Preferred shares of the Fund.
The tables show the Fund’s year-by-year and compound returns on a Class A share, Preferred share and unit basis for each period indicated, compared with the S&P/TSX Capped Financials Index (‘‘Financials Index’’) and the S&P/TSX Composite Index (‘‘Composite Index’’) and the S&P/TSX Preferred Share Index (“Preferred Share Index”). The Composite Index tracks the performance, on a market weight basis, of a broad index of large-capitalization issuers listed on the TSX and the Financials Index is derived from the Composite Index based on the financials sector of the Global Industry Classification Standard. The Preferred Share Index tracks the performance, on a market weight basis, of a broad index of preferred shares trading on the Toronto Stock Exchange. The Fund passively invests on an equal weight basis in a portfolio comprised of four Canadian life insurance companies and six Canadian banks which are in both the Financials Index and the Composite Index. Since the indices have more diversified portfolios it is therefore not expected that the Fund’s performance will mirror that of the indices. Further, the Financials Index and Composite Index returns are calculated without the impact of management fees and fund expenses, whereas the performance of the Fund is calculated after deducting such fees and expenses.
(1) Returns are for the periods ended December 31, 2018.
(2) Period from September 24, 2015 (commencement of operations) to December 31, 2018.
(3) Period from October 17, 2006 (inception) to December 31, 2006.
Returns for Life & Banc Split Corp. are unaudited.
You will usually pay brokerage fees to your dealer if you purchase or sell shares of the investment fund on the Toronto Stock Exchange or other alternative Canadian trading system (an “exchange”). If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the investment fund and may receive less than the current net asset value when selling them.
There are ongoing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all distributions and does not take into account certain fees such as redemption costs or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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Distributions from the Fund have tax benefits which results in higher after-tax cash flow than if the income had been earned as interest income.
It is expected that distributions to unitholders will primarily be characterized as combination of capital gains and return of capital, but may also include ordinary dividends.
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.
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
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.
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