Brompton Launches USD Units for Split Corp. Preferred Share ETF
News related to:Brompton Funds Limited · 2 min read
Brompton Funds Limited has expanded its Brompton Split Corp. Preferred Share ETF to include U.S. dollar-denominated units, effective September 14, 2026. These new USD Units will commence trading on the Toronto Stock Exchange (TSX) and will be available for purchase and sale in U.S. dollars. The ETF aims to hedge its Canadian dollar exposure to the U.S. dollar for the USD Units.
The ETF, managed by Brompton Funds Limited, seeks to provide unitholders with monthly distributions and the opportunity for capital preservation. It does this through an actively managed portfolio of preferred shares from Canadian split share corporations listed on a Canadian exchange. The ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities, or income-generating securities, as long as these investments align with its investment objectives.
Since its inception on June 12, 2023, the ETF has shown a strong performance, with an annual compound return of 9.7% for the CAD Units. This performance is based on the net asset value per unit and assumes that cash distributions were reinvested at net asset value.
In addition to the launch of USD Units, the ETF has announced a distribution payable on October 8, 2026. Unitholders of record on September 30, 2026, will receive US$0.055 per USD Unit.
Brompton Funds Limited, founded over 25 years ago, has been providing unique, well-conceived investments for Canadians. The company focuses on low management fees, performance-driven diversification strategies, and attractive income and growth solutions for various market cycles. With the addition of USD Units, Brompton continues to expand its offerings to meet the needs of a broader range of investors.
The ETF's investment objectives are to provide unitholders with monthly distributions and the opportunity for capital preservation. By investing in a diversified portfolio of preferred shares from Canadian split share corporations, the ETF aims to deliver consistent returns and protect capital. The ETF may also invest in other securities to achieve its objectives, ensuring a balanced and flexible approach to investment management.