Not registered. Not advice. DecodeETF is an information service. We are not registered as an adviser, dealer, or investment fund manager with the Ontario Securities Commission or any Canadian provincial regulator. Nothing on this site is a recommendation, solicitation, or offer to buy or sell any security. Past performance is not indicative of future results, and all investing carries risk including the loss of principal. Speak with a registered financial professional before making investment decisions.
Brompton Funds
A covered-call equity fund: 36 stocks, 65% United States, hedged to Canadian dollars, for 0.75% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Equity exposure with a covered-call overlay. Returns come from the underlying equity basket plus option income, with some upside typically traded away for higher cash distributions.
Top holding: Seagate Technology Holdings PLC 5.0% (broad) · Top sector: Technology 22.4% (broad) · Top region: United States 65.0% (region-tilted)
Technology 22.4%·Financials 17.5%·Healthcare 13.8%·Industrials 11.3%·Materials 7.8%·Other 7.7%·Other (locked) 19.0%
United States 65.0%·Europe 19.2%·Canada 10.9%·Japan 4.3%
Source: fund provider disclosure.
The management fee was 0.75% a year, or about $75 for every $10,000 held. The options overlay is run inside the fund, so there is no separate fee, though it changes the return and distribution profile. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $135M· net assets |
| Listed | 2018· 7 years of history |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | BDIV.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Equity |
| Structure | Covered call / options |
| Theme | Dividend & Income |
| Geography | Global / World |
| Provider | Brompton Funds |
| Mgmt fee | 0.75% |
Compare BDIV.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close.
What Premium adds