Description

This actively managed exchange-traded fund aims to provide consistent monthly income, foster capital growth, and minimize investment risk. It achieves these objectives by investing in a concentrated portfolio of at least fifteen substantial, dividend-paying North American financial services companies. The fund manager selects these constituents using a comprehensive top-down analysis, considering broad macroeconomic and political climates, alongside the fundamental characteristics of the financial sector. Moreover, individual company assessments delve into their potential for dividend increases, current valuations, profitability, existing dividend yields, balance sheet strength, and liquidity. The manager retains the discretion to allocate up to 20% of the fund's assets to other financial services-related entities or global financial sector firms. To boost earnings and temper overall portfolio volatility, the fund strategically writes call options as determined by the manager. This specific fund represents the unhedged, U.S. dollar-denominated version of BFIN.