Capstone Asset Management Launches Canada's First Biblically Informed ETFs on Toronto Stock Exchange

Executive Summary

• Capstone Asset Management announced the launch of two biblically‑informed ETFs – BIVC (Canadian equity) and BIVU (U.S. equity) – trading on the Toronto Stock Exchange as of the release date.
• Each fund offers four mutual‑fund series and one ETF series, denominated in Canadian dollars and available through registered dealers.
• The funds employ a research methodology that combines biblical principles with traditional fundamental analysis, overseen by Capstone’s Biblically Informed Overlay Committee.

Key Details

• Funds Launched:
• Capstone Biblically Informed Canadian Equity Fund (TSX: BIVC) – targets Canadian‑listed companies whose operations align with defined biblical values; seeks long‑term total return via capital gains and dividend income.

• Capstone Biblically Informed U.S. Equity Fund (TSX: BIVU) – targets U.S.-listed companies meeting the same criteria; aims for capital appreciation and secondary dividend income.

• Structure: Each fund provides four mutual‑fund series of units plus one ETF series of units, all denominated in CAD.

• Trading Commencement: ETF series units are expected to begin trading on the TSX when the market opens on 30 Oct 2025.

• Research Framework:

• Four biblical principles guide investment selection: valuing human life, responsible stewardship of creation, encouraging human flourishing, and applying biblical wisdom.

• Combined with rigorous fundamental analysis to identify eligible companies.

• Management Team:

• President & CEO: Glenn Murray, CFA (quoted on investor demand for values‑aligned products).
• Chief Investment Officer: Paul Carter, CFA.

• Portfolio Manager: Maria Dawes, BBA CIM CFP (commented on client interest).

• Oversight Committee: Biblically Informed Overlay (BIO) Committee – four members with >100 years combined experience, including one independent member, reviews and approves all prospective investee companies.

• Research Partner: Brightlight Impact provides independent analysis to support Capstone’s methodology.

• Distribution Channels: ETF and mutual‑fund units may be purchased through appropriately registered dealers and held in both registered and non‑registered accounts.

• Fees & Disclosures: Standard commissions, trailing commissions, management fees, and expenses apply; investors are directed to read the prospectus and consult SEDAR+ for fund facts.

Notable Quotes

• “Many Canadian investors have expressed interest in investment options that reflect their values,” – Glenn Murray, President & CEO.
• “These new funds provide a solution that brings together professional investment management with the values alignment that matters to those seeking portfolios aligned with Christian principles.” – Maria Dawes, Portfolio Manager.