Brookmont Catastrophic Bond ETF (ILS)

Brookmont Catastrophic Bond ETF (ILS) is an exchange-traded fund in the Miscellaneous Fixed Income category. It has $76.67M in assets, an expense ratio of 1.58% and a 8.22% dividend yield. Under normal circumstances, the fund invests at least 80% of its net assets in catastrophe bonds. Catastrophe bonds, also known as event-linked or insurance-linked bonds, are structured securities whereby insurers or reinsurers transfer specific risks, typically those associated with severe events such as catastrophes or natural disasters, to capital market investors. The fund is non-diversified.