BMAX ETF

BMAX Full review of Brompton Enhanced multi-asset income ETF

Investment objective

The Brompton Enhanced Multi-Asset Income ETF (BMAX) seeks to provide investors with a diversified, actively managed portfolio of income-generating securities, including Preferred shares (approx: 20%), Canadian equities, Canadian bonds, U.S. equities, and U.S. high yield bonds. This is an actively managed fund.

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Strategy:

  • seeks to identify undervalued income-generating assets across multiple asset classes
  • using derivatives to enhance income and manage risk
  • focus on risk management and capital preservation

This ETF is for Investors who are…

  • Seeking stable enhanced monthly cash distributions
  • Conservative investors who desire a low volatility portfolio with some potentiel for capital approciation

Leverage

A leveraged ETF is a type of exchange-traded fund (ETF) that uses financial derivatives and debt to amplify the returns of an underlying index. While leveraged ETFs can potentially deliver higher returns than non-leveraged ETFs, they also come with increased risk. Due to the use of leverage, the value of a leveraged ETF can fluctuate more than the underlying index it tracks, and losses can be magnified as well as gains. BMAX uses 33% leverage ratio to enhance portfolio income & capital appreciation potential Medium risk-rating.

What’s a covered call ETF?

What’s unique about this ETF is that it uses covered calls to protect against downside risk. This being said, the covered call strategy provides limited downside protection. Also, when you write a covered call, you give up some of the stock’s potential gains. These ETFs will tend to have a higher yield and a lower performance.

Historical performance

ETFDiv
Yld
BMAX9.99%

Historical performance updated daily

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BMAX MER

ETFMER*
%
BMAX Not yet published

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BMAX Stock Profile

Updated daily

BMAX Stock 52 weeks high and low

Updated daily

BMAX Dividend history

AmountFrequencyEx-Div DateRecord DatePay DateDeclare Date
0.1042Monthly3/27/20243/28/20244/12/20241/24/2024
0.1042Monthly2/28/20242/29/20243/14/20241/24/2024
0.1042Monthly1/30/20241/31/20242/14/20241/24/2024
0.1000Monthly12/28/202312/29/20231/15/202410/24/2023
0.1000Monthly11/29/202311/30/202312/14/202310/24/2023
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BMAX ETF Holdings


% of Portfolio
Brompton Flaherty & Crumrine Investment Grade Preferred ETF21.1%
Brompton Tech Leaders Income ETF10.3%
Brompton European Dividend Growth ETF10.2%
Brompton North American Low Volatility Dividend ETF9.8%
Brompton Sustainable Real Assets Dividend ETFBrompton Sustainable Real Assets Dividend ETF9.8%
Brompton North American Financials Dividend ETF9.7%
Brompton Global Dividend Growth ETF9.5%
Brompton Global Healthcare Income & Growth ETF9.2%
Brompton Split Banc Corp Preferred Shares2.6%
Life & Banc Split Corp Preferred Shares2.4%
Global Dividend Growth Split Corp Preferred Shares1.8%
Dividend Growth Split Corp Preferred Shares1.7%
Cash and short-term investments1.6%
Sustainable Power & Infrastructure Split Corp Preferred Shares0.2%
Total99.9%
Please check issuer’s website for up-to-date data