Key stats
About BROMPTON FLAHERTY & CRUMRINE ENHANC UNIT
Expense ratio
3.51%
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Inception date
Nov 26, 2021
ISIN
CA11223L1013
The fund aims to provide stable monthly cash distributions and net asset value by investing in preferred and income-producing corporate securities. Securities are rated investment grade and include traditional preferred stocks, trust preferred securities, hybrid securities, contingent-capital securities, subordinated debt, and senior debt of Canadian or USD-denominated securities of global issuers. The fund may invest in non-investment-grade bonds if at least 75% of the portfolio by market weight already meets investment-grade requirements. The portfolio managers have full discretion to adjust the portfolio. As such, the ETF may directly or indirectly invest outside its stated investment strategy, including in instruments which may include equity, fixed income, futures contracts and other ETFs.