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.
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
| ETF | Div Yld | |
|---|---|---|
| BMAX | 9.99% |
Historical performance updated daily
Best US Dividend ETFs in Canada!
BMAX MER
| ETF | MER* % |
| 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
| Amount | Frequency | Ex-Div Date | Record Date | Pay Date | Declare Date |
|---|---|---|---|---|---|
| 0.1042 | Monthly | 3/27/2024 | 3/28/2024 | 4/12/2024 | 1/24/2024 |
| 0.1042 | Monthly | 2/28/2024 | 2/29/2024 | 3/14/2024 | 1/24/2024 |
| 0.1042 | Monthly | 1/30/2024 | 1/31/2024 | 2/14/2024 | 1/24/2024 |
| 0.1000 | Monthly | 12/28/2023 | 12/29/2023 | 1/15/2024 | 10/24/2023 |
| 0.1000 | Monthly | 11/29/2023 | 11/30/2023 | 12/14/2023 | 10/24/2023 |
BMAX ETF Holdings
% of Portfolio | |
|---|---|
| Brompton Flaherty & Crumrine Investment Grade Preferred ETF | 21.1% |
| Brompton Tech Leaders Income ETF | 10.3% |
| Brompton European Dividend Growth ETF | 10.2% |
| Brompton North American Low Volatility Dividend ETF | 9.8% |
| Brompton Sustainable Real Assets Dividend ETFBrompton Sustainable Real Assets Dividend ETF | 9.8% |
| Brompton North American Financials Dividend ETF | 9.7% |
| Brompton Global Dividend Growth ETF | 9.5% |
| Brompton Global Healthcare Income & Growth ETF | 9.2% |
| Brompton Split Banc Corp Preferred Shares | 2.6% |
| Life & Banc Split Corp Preferred Shares | 2.4% |
| Global Dividend Growth Split Corp Preferred Shares | 1.8% |
| Dividend Growth Split Corp Preferred Shares | 1.7% |
| Cash and short-term investments | 1.6% |
| Sustainable Power & Infrastructure Split Corp Preferred Shares | 0.2% |
| Total | 99.9% |
