Brompton Funds Provides Update on Tech Leaders Income ETF
TORONTO, Jan. 09, 2019 (GLOBE NEWSWIRE) -- (TSX:TLF) Investors and investment advisors are invited to listen to an update on (“TLF”), hosted by Senior Portfolio Manager Laura Lau of Brompton Funds. Laura discusses the ETF’s portfolio and the outlook for the tech sector. The presentation recorded on January 8, 2019 has been posted to the Brompton Funds website at the following link:
TLF provides investors with exposure to a portfolio of equity securities of large capitalization global Technology companies, providing the opportunity for capital appreciation, and the opportunity for enhanced distributions and higher risk-adjusted returns due to an active covered-call writing program. The Fund has a current distribution of $0.648 per unit per annum, representing a cash distribution rate of 6.1% based on the December 31, 2018 TSX closing price and had a total return of 4.0%(1) for the year ending December 31, 2018.
TLF also offers a distribution reinvestment plan (“DRIP”) which provides unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth.
About Brompton Funds
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with over $2.0 billion in assets under management. Brompton’s investment solutions include ETFs and other TSX traded funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email or visit our website at .
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| Compound Annual Returns | 1-YR | 3-YR | 5-YR | Since Inception | ||
| Tech Leaders Income Fund | 4.0% | 14.8% | 8.6% | 9.1% | ||
| S&P Technology Index | (0.3%) | 16.4% | 14.9% | 15.0% | ||
| S&P/TSX Composite Index | (8.9%) | 6.4% | 4.1% | 3.7% | ||
Returns are for the periods ended December 31, 2018. Inception date May 20, 2011. The table shows TLF’s compound returns for each period indicated compared with the S&P/TSX Composite Index (‘‘Composite Index’’), and the S&P 500 Information Technology Index (‘‘S&P Technology Index’’). The Composite Index tracks the performance, on a market weight basis, of a broad index of large-capitalization issuers listed on the TSX. The Technology Index, a sub-index of the S&P 500 Index, tracks the performance of major North American technology companies on a market weight basis. Since the indices contain a substantially large number of companies, it is not expected that TLF’s performance will mirror that of the indices. The benchmark indices are calculated without the deduction of management fees, fund expenses and trading commissions, whereas the performance of TLF is calculated after deducting such fees and expenses.
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 does not take into account sales, redemption, distribution or optional charges or income tax 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.
Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to TLF, to the future outlook of TLF and anticipated events or results and may include statements regarding the future financial performance of TLF. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
