Brompton Split Corp. Preferred Share ETF
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Management StyleActively Managed
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Closing Price (Apr 22, 2025)$10.82
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NAV (Apr 22, 2025)$10.82
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Distribution Rate (Apr 22, 2025)6.10%
Canada’s 1st Split Corp. Preferred Share ETF
Brompton Split Corp. Preferred Share ETF (SPLT) is designed to provide stable monthly distributions and the opportunity for capital preservation by investing in an actively managed portfolio of Split Corp. Preferred Shares offered by Canadian split share corporations.
Split Corp. Preferred Shares offer attractive tax-advantaged income and have historically delivered stable returns.1 SPLT presents an alternative to Canadian corporate preferred shares and is a unique solution for investors seeking a low risk fixed income investment.
Investment Highlights:
- Opportunity to diversify across the Canadian split corp. preferred share market
- Attractive monthly tax-advantaged distributions
- Low 0.50% management fee
- Low risk rating
Why Invest in Split Corp. Preferred Shares?
- Split corp. preferred shares have historically outperformed Canadian corporate preferred shares, with lower volatility1
- Split corp. preferred shares typically pay eligible dividends, which offer investors tax advantaged distributions over traditional fixed income
- In the new higher interest rate environment, dividend yields for split corp. preferred shares are moving higher due to ongoing coupon resets
FUND FACTS
- Ticker
SPLT -
CUSIP
111919106 -
Outstanding
(Apr 22, 2025)
47,561,500 - Eligibility
All registered and non-registered accounts
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 in this report 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. 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. Please read the prospectus before investing. 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.
Managed by Brompton Funds Limited
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 $3.8 billion in distributions. For the level of service provided, our funds are known for their low management fees and costs.
Michael Clare
BComm (Hons), CPA, CA, CFA
Senior Vice President, Senior Portfolio Manager
Michael Clare has over 20 years of experience in financial services and is a Senior Vice President and Senior Portfolio Manager with Brompton Group. Mr. Clare is a member of Brompton’s portfolio management team and is a co-manager of investment funds at Brompton with combined assets of over $3 billion. He specializes in portfolio construction, security analysis, and covered call strategies with a focus on technology, health care, financials, energy, global equities, and low volatility strategies.
Laura Lau
BASc (Hons), CFA, DMS
Chief Investment Officer
Laura Lau has 25 years investment experience and is the Chief Investment Officer with Brompton Funds. Ms. Lau leads Brompton’s portfolio management team that oversees assets of over $3 billion primarily in global and Canadian covered call mandates designed to generate income and lower volatility of returns.
Brompton Split Corp. Preferred Share ETF
Summary of Investment Portfolio as at March 31, 2025
Top 25 Holdings
| % of Portfolio | % of Net Asset Value | |
|---|---|---|
| Dividend 15 Split Corp. Preferred Shares | 14.4% | |
| Dividend Growth Split Corp. Preferred Shares | 12.8% | |
| North American Financial 15 Split Corp. Preferred Shares | 10.0% | |
| Canadian Banc Corp. Preferred Shares | 9.7% | |
| Life & Banc Split Corp. Preferred Shares | 7.1% | |
| Financial 15 Split Corp. Preferred Shares | 6.2% | |
| Brompton Split Banc Corp. Preferred Shares | 5.9% | |
| Dividend 15 Split Corp. II Preferred Shares | 4.2% | |
| Global Dividend Growth Split Corp. Preferred Shares | 3.9% | |
| Brompton Lifeco Split Corp. Preferred Shares | 3.7% | |
| Government of Canada Treasury Bill 2.690% due April 9, 2025 | 3.7% | |
| E Split Corp. Preferred Shares | 3.4% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 15 | 2.8% | |
| Real Estate Split Corp. Preferred Shares | 2.4% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 14 | 1.5% | |
| Government of Canada Treasury Bill 2.970% due April 24, 2025 | 1.4% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 11 | 1.3% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 12 | 1.3% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 13 | 1.2% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 10 | 1.1% | |
| Partners Value Split Corp. Class AA Preferred Shares Series 9 | 0.9% | |
| Infrastructure Dividend Split Corp. Preferred Shares | 0.4% | |
| Cash | 0.4% | |
| Sustainable Power & Infrastructure Split Corp. Preferred Shares | 0.2% | |
| Total | 99.9% |
Growth of $10,000(1)
Annual Compound Returns(2)
| YTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception(3) | Since Inception(4) | Since Inception(2) | |
|---|---|---|---|---|---|---|---|---|
| Brompton Split Corp. Preferred Share ETF | 2.6% | 13.5% | 12.8% |
Year-by-Year Returns
| 2024 | 20233 | |
|---|---|---|
| Brompton Split Corp. Preferred Share ETF | 13.9% | 6.3% |
Returns for Brompton Split Corp. Preferred Share ETF are unaudited.
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 in this report 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. 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. Please read the prospectus before investing. 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.
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.
| 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 |
|---|---|---|---|---|---|---|---|---|
| Mar 31, 2025 | Apr 14, 2025 | * | * | * | * | * | * | 0.05500 |
| Feb 28, 2025 | Mar 14, 2025 | * | * | * | * | * | * | 0.05500 |
| Jan 31, 2025 | Feb 14, 2025 | * | * | * | * | * | * | 0.05500 |
| Dec 31, 2024 | Jan 15, 2025 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Nov 29, 2024 | Dec 13, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Oct 31, 2024 | Nov 14, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Sep 30, 2024 | Oct 15, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Aug 30, 2024 | Sep 16, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Jul 31, 2024 | Aug 15, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Jun 28, 2024 | Jul 15, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| May 31, 2024 | Jun 14, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Apr 30, 2024 | May 14, 2024 | 0.00009 | 0.04037 | 0.00000 | 0.00000 | 0.00000 | 0.01454 | 0.05500 |
| Total | 0.00081 | 0.36333 | 0.00000 | 0.00000 | 0.00000 | 0.13086 | 0.66000 | |
