Brompton Split Corp. Preferred Share ETF
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Management StyleActively Managed
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Closing Price (Sep 20, 2023)$10.11
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NAV (Sep 20, 2023)$10.06
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Distribution Rate (Sep 21, 2023)6.18%
Canada’s 1st Split Preferred ETF
Brompton Split Corp. Preferred Share ETF presents an alternative to Canadian corporate preferred shares and is a unique solution for investors seeking a low risk fixed income investment.
The investment strategy of SPLT is to primarily invest in an actively managed portfolio of Split Corp. Preferred Shares offered by Canadian split share corporations. The Manager believes that Split Corp. Preferred Shares should be considered for investment separately from their corporate preferred share counterparts, as Split Corp. Preferred Shares can offer investors a way to diversify sources of preferred dividend income and potentially add stability to preferred share portfolios.
Reasons to Invest
- Attractive monthly distributions, initial target of 6.25% p.a.
- LOW risk rating (per ETF Facts)
- Competitive 0.50% management fee
This ETF is for Investors who are:
- looking to receive dividend income while preserving capital
- looking for exposure to preferred shares of split share corporations
- able to accept some variability of returns
FUND FACTS
- Ticker
SPLT -
Outstanding
(Sep 21, 2023)
3,901,900 - Eligibility
All registered and non-registered accounts - Distribution
$0.05208/mo.
Manager/Portfolio Manager:
Brompton Funds, a division of Brompton Group which was founded in 2000, is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds. Brompton’s Portfolio Management team specializes in Canadian and global equity investments and is a leading manager of covered call writing strategies in Canada.
Brompton Split Corp. Preferred Share ETF
Summary of Investment Portfolio as at August 31, 2023
Top 25 Holdings
| % of Portfolio | % of Net Asset Value | |
|---|---|---|
| Dividend 15 Split Corp. Preferred Shares | 14.9% | |
| North American Financial 15 Split Corp. Preferred Shares | 11.1% | |
| Dividend Growth Split Corp. Preferred Shares | 10.9% | |
| Brompton Split Banc Corp. Preferred Shares | 10.1% | |
| Financial 15 Split Corp. Preferred Shares | 9.3% | |
| Life & Banc Split Corp. Preferred Shares | 7.8% | |
| Canadian Banc Corp. Preferred Shares | 6.8% | |
| Global Dividend Growth Split Corp. Preferred Shares | 5.4% | |
| Dividend 15 Split Corp. II Preferred Shares | 4.6% | |
| E Split Corp. Preferred Shares | 3.0% | |
| Real Estate Split Corp. Preferred Shares | 2.8% | |
| Brompton Lifeco Split Corp. Preferred Shares | 1.8% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 11 | 1.8% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 9 | 1.7% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 10 | 1.7% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 8 | 1.7% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 13 | 1.7% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 12 | 1.6% | |
| Cash | 0.6% | |
| Sustainable Power & Infrastructure Split Corp. Preferred Shares | 0.2% | |
| Total | 0% | 99.5% |
Growth of $10,000(1)
| 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 30, 2023 | Oct 16, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.05208 |
| Aug 31, 2023 | Sep 15, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.05208 |
| Jul 31, 2023 | Aug 15, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.05208 |
| Jun 30, 2023 | Jul 17, 2023 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.05208 |
| Total | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.00000 | 0.20832 | |
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Quick Contact
Email: info@bromptongroup.com
