BPRF
BPRF.U

Brompton Flaherty & Crumrine Investment Grade Preferred ETF

Actively managed portfolio of investment grade-rated U.S. preferred shares.

CAD Hedged
US Dollar
MARKET PRICE
(Jul 17, 2026)
$22.38
YIELD
(Jul 17, 2026)
5.90%
NAV
(Jul 16, 2026)
$22.38
TOTAL ASSETS
(Jul 17, 2026)
$146M

U.S. Preferred Share ETF with Stable Monthly Income

 

Brompton Flaherty & Crumrine Investment Grade Preferred ETF (BPRF) is designed to provide stable monthly cash distributions and a stable net asset value. This preferred share ETF invests in an actively managed portfolio of U.S. and Canadian dollar-denominated preferred shares and income-producing corporate securities. At least 75% of the ETF’s portfolio (at the time of investment) consists of securities that are rated investment grade.

Investment Highlights:

  • Actively managed portfolio of primarily U.S. preferred shares
  • Stable monthly income
  • Sub-Advisor, Flaherty & Crumrine Incorporated, has over 40 years experience investing in preferred securities

Why Invest in U.S. Preferred Shares?

  • Primarily investment-grade securities, with higher yield than many other fixed income categories1
  • U.S. preferred shares have historically outperformed Canadian preferred shares with lower volatility1
  • Diversification opportunity: U.S. preferred shares have low correlation to traditional equity and fixed income asset classes1

Fund Facts

  • Ticker (CAD Hedged)
    BPRF
  • CUSIP (CAD Hedged)
    11221N109
  • Outstanding (CAD Hedged)
    (Jul 17, 2026)6,545,000
  • Ticker (USD Unit)
    BPRF.U
  • CUSIP (USD Unit)
    11221N208
  • Outstanding (USD Unit)
    (Jul 17, 2026)135,000
  • Inception Date (CAD Hedged)
    October 15, 2018
  • Inception Date (USD)
    August 8, 2019
  • Management Fee
    0.75%
  • Management Style
    Active
  • Management Fee
    0.75%
  • Management Style
    Active
  • Manager/Portfolio Manager
    Brompton Funds Limited
  • Currency
    CAD-Hedged
  • Eligibility
    All registered (RRSP, RRIF, RESP, TFSA, FHSA) and Non-Registered Investment Accounts
  • Sub Advisor
    Flaherty & Crumrine Inc.
  • Risk Rating
    Low to Medium

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(1) See Why Invest for details.

Sub-Advisor

Flaherty & Crumrine is the longest tenured U.S. investment firm focusing exclusively on managing portfolios of preferred securities for institutional investors. Established in 1983, Flaherty & Crumrine Incorporated specializes in US dollar denominated preferred securities and corporate debt instruments. The firm’s proprietary database, software and models were developed specifically to analyze and manage portfolios of preferred and other subordinated securities.

Manager

Founded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs), split share funds, and other TSX traded investment funds. Our funds are designed to address investors’ cash flow requirements and to provide them with value-added diversification strategies. Since inception, Brompton has paid out over $4.0 billion in distributions. For the level of service provided, our funds are known for their low management fees and costs.

Summary of Investment Portfolio as at June 30, 2026

Summary of Investment Portfolio as at June 30, 2026

Total Net Asset Value $152,337,000
94.9,6.7,2.9,0.7,0.6,
45.5,32.8,15.8,3.6,2.9,1.8,1.8,0.7,0.6,0.3,

Top 25 Holdings

% of Portfolio
% of Net Asset Value
Delphi Financial Group, 7.103% due May 15, 2037
5.3%
MetLife Inc., 10.750% due August 01, 2039
3.6%
Provident Financing TR I, 7.405% due March 15, 2038
3.4%
Liberty Mutual Insurance, 7.697% due October 15, 2097
3.3%
Everest Reinsurance Holdings, 6.298% due May 15, 2037
2.4%
Fifth Third Bancorp., 6.875%
2.3%
ING Groep NV, 7.500%
2.2%
Liberty Mutual Group, 7.800% due March 15, 2037
1.8%
Zions Bancorporation, 6.816% due November 19, 2035
1.5%
Lincoln National Corporation, 6.282% due May 17, 2066
1.4%
American Electric Power, 3.875% due February 15, 2062
1.3%
Energy Transfer LP, 6.750% due February 15, 2056
1.2%
Lloyds Banking Group PLC, 8.000%
1.2%
Athene Holding Ltd., 6.350%
1.2%
Xcel Energy Inc., 6.250% due October 15, 2085
1.2%
Eushi Finance Inc., 6.250% due April 01, 2056
1.1%
Pinnacle Financial Partners, 8.397%
1.1%
Algonquin Power & Utilities Corp., 4.750% due January 18, 2082
1.1%
NatWest Group PLC, 4.600%
1.0%
BNP Paribas, 7.450%
1.0%
Canadian Imperial Bank of Commerce, 7.150% due July 28, 2082
1.0%
Manulife Financial Corporation, 7.117% due June 19, 2082
1.0%
Standard Chartered PLC, 7.750%
1.0%
Sempra, 4.125% due April 01, 2052
1.0%
Dominion Energy Inc., 6.625% due May 15, 2055
1.0%
Total43.6%

1)The investment portfolio may change due to ongoing portfolio transactions of the ETF.

Performance NAV History

Growth of $10,000(1)

Performance

Annual Compound Returns(2)(3)

YTD 1-Year 3-Year 5-Year 10-Year Since Inception(4) Since Inception(5) Since Inception(2)
Brompton Flaherty & Crumrine Investment Grade Preferred ETF - CAD Hedged 0.7% 4.2% 8.2% 1.9% 4.0% N.A.
Brompton Flaherty & Crumrine Investment Grade Preferred ETF - USD 1.8% 6.1% 9.5% 2.5% N.A. 4.2%

Year-by-Year Returns(2)

2025 2024 2023 2022 2021 2020 2019 2018
Brompton Flaherty & Crumrine Investment Grade Preferred ETF - CAD Hedged 5.8% 10.7% 6.5% (13.4%) 4.1% 5.1% 17.4% (3.7%)(6)
Brompton Flaherty & Crumrine Investment Grade Preferred ETF - USD 7.7% 11.0% 7.0% (13.8%) 4.3% 7.9% 5.5%(7) n.a.

Distributions Table

Select a year
Record Date Payment Date Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Jun 30, 2026 Jul 09, 2026 * * * * * * 0.11000
May 29, 2026 Jun 08, 2026 * * * * * * 0.11000
Apr 30, 2026 May 08, 2026 * * * * * * 0.11000
Mar 31, 2026 Apr 15, 2026 * * * * * * 0.11000
Feb 27, 2026 Mar 13, 2026 * * * * * * 0.11000
Jan 30, 2026 Feb 13, 2026 * * * * * * 0.11000
Dec 31, 2025 Jan 15, 2026 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Nov 28, 2025 Dec 12, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Oct 31, 2025 Nov 14, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Sep 30, 2025 Oct 15, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Aug 29, 2025 Sep 15, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Jul 31, 2025 Aug 15, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Total 0.00000 0.00000 0.64140 (0.02388) 0.00156 0.04092 1.32000

(1) The distribution is automatically reinvested in additional units. Immediately following the issuance, the units of the ETF are automatically consolidated and, as a result, unitholders hold the same number of units after the distribution as they held before it. The adjusted cost base of a holder’s units increases by the amount of the distributions reinvested in units.

*Tax treatment of cash distributions is determined and published in February of the calendar year following the payment of said distribution.

Distributions

The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March. This information will also be posted on the website as soon as it is available.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

Tax Allocation

The following information is applicable to holders who, for the purposes of the Income Tax Act (Canada), are resident in Canada and hold trust units as capital property. If this is not the case, a tax advisor should be consulted.

Holders of trust units outside of a RRSP, DPSP, RRIF, RESP or TFSA should expect to receive a T3 slip from their investment dealer. T3 supplementary slips will indicate Investment Income in Box 26, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Dividend Income in Box 23 and Box 49. Dividend income is subject to the standard gross up and federal dividend tax credit rules.

The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units and is reported in Box 42.

Disclaimer

(1) The chart is hypothetical and intended for illustrative purposes only. The chart reflects a hypothetical $10,000 investment based on net asset value per CAD unit or USD unit and assumes that cash distributions made by the ETF were reinvested at net asset value per CAD unit or USD unit in additional units of the ETF. The chart is derived from data supplied by Morningstar. © 2026 Morningstar. All Rights Reserved. The information contained herein: (i) is proprietary to Morningstar and/or its content providers; (ii) may not be copied or distributed; and (iii) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

(2) The table above shows the ETF’s compound return for each period indicated. The performance information shown is based on net asset value per CAD unit and USD unit and assumes that cash distributions made by the ETF during the periods shown were reinvested at net asset value per CAD unit or USD unit in additional units of the ETF. Past performance does not necessarily indicate how the ETF will perform in the future.

(3) Returns are for the periods ended June 30, 2026 and are unaudited.

(4) Period from October 15, 2018 (commencement of operations) to June 30, 2026.

(5) Period from August 8, 2019 (commencement of operations) to June 30, 2026.

(6) Period from October 15, 2018 (Inception) to December 31, 2018.

(7) Period from August 8, 2019 (Inception) to December 31, 2019.

Resources

Fund Documents

  • Fund Profile
  • Fund Profile - FR
  • Why Invest
  • Portfolio Summary
  • Commentary
  • KYP Resources


News Releases

News Releases From to Search

Distributions Table

Select a year
Record Date Payment Date Capital Gains Eligible Dividend Foreign Non- Business Income Foreign Non- Business Income Tax Paid Other Income Return of Capital Total Distribution
Jun 30, 2026 Jul 09, 2026 * * * * * * 0.11000
May 29, 2026 Jun 08, 2026 * * * * * * 0.11000
Apr 30, 2026 May 08, 2026 * * * * * * 0.11000
Mar 31, 2026 Apr 15, 2026 * * * * * * 0.11000
Feb 27, 2026 Mar 13, 2026 * * * * * * 0.11000
Jan 30, 2026 Feb 13, 2026 * * * * * * 0.11000
Dec 31, 2025 Jan 15, 2026 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Nov 28, 2025 Dec 12, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Oct 31, 2025 Nov 14, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Sep 30, 2025 Oct 15, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Aug 29, 2025 Sep 15, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Jul 31, 2025 Aug 15, 2025 0.00000 0.00000 0.10690 (0.00398) 0.00026 0.00682 0.11000
Total 0.00000 0.00000 0.64140 (0.02388) 0.00156 0.04092 1.32000

(1) The distribution is automatically reinvested in additional units. Immediately following the issuance, the units of the ETF are automatically consolidated and, as a result, unitholders hold the same number of units after the distribution as they held before it. The adjusted cost base of a holder’s units increases by the amount of the distributions reinvested in units.

*Tax treatment of cash distributions is determined and published in February of the calendar year following the payment of said distribution.

Distributions

The actual breakdown of distributions for tax purposes will be provided to unitholders annually in March. This information will also be posted on the website as soon as it is available.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

Tax Allocation

The following information is applicable to holders who, for the purposes of the Income Tax Act (Canada), are resident in Canada and hold trust units as capital property. If this is not the case, a tax advisor should be consulted.

Holders of trust units outside of a RRSP, DPSP, RRIF, RESP or TFSA should expect to receive a T3 slip from their investment dealer. T3 supplementary slips will indicate Investment Income in Box 26, Foreign Non-Business Income in Box 25, Capital Gains in Box 21 and Dividend Income in Box 23 and Box 49. Dividend income is subject to the standard gross up and federal dividend tax credit rules.

The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of the Fund units and is reported in Box 42.



News Releases

News Releases From to Search

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This webpage is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. The opinions contained on this page are solely those of Brompton Funds Limited (“BFL”) and are subject to change without notice. BFL makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, BFL assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. BFL is under no obligation to update the information contained herein. The information should not be regarded as a substitute for the exercise of your own judgment. Please read the prospectus before investing.

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 do not take into account sales, redemption, distribution or optional charges or income taxes 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.

Information contained on this webpage was published at a specific point in time. Upon publication, it is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. Certain statements contained on this webpage constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed on this webpage and to other matters identified in public filings relating to the ETF, to the future outlook of the ETF and anticipated events or results and may include statements regarding the future financial performance of the ETF. 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.