LBS.TO Review: Brompton Life & Banc Split Corp. - Canada
Brompton Life & Banc Split Corp. - Canada (LBS.TO) is a sector based fund - financials listed on the TSX. Below is our independent review using the Dependable Income Investing 13-factor scoring system, covering Fund Attributes, Risk, and Return — designed specifically for income-focused investors.
Fund Attributes 20% of overall score
Fund Attributes cover the foundational characteristics of LBS.TO: cost, company backing, track record, and size. These factors reflect the fund's stability and cost-efficiency.
Expense Ratio (25%)
MER per Class A share was 1.79% in the most recent annual report. This is high.
Fund Company Size (5%)
Brompton manages approximately $3 billion. Relatively small compared to other fund companies.
Fund History (40%)
Fund inception date was October 17th 2006 - approximately 19 years of history as of review date.
Fund AUM (30%)
Class A share market capitalization is approximately $621 Million CAD as of March 2026. Combined Class A and Preferred share capital was approximately $1.1 Billion.
Risk 35% of overall score
Risk factors evaluate how LBS.TO manages volatility, diversification, and the nature of its underlying assets. These are critical for income investors who prioritise capital preservation.
Volatility
Lower volatility may indicate more stability — important for investors living off their income.
Beta is 1.25 vs SPY (2016-03-11 to 2026-03-06) which is higher than the overall market. The split share structure adds effective leverage which increases volatility. Improved from 1.45 in the previous review.
Sector Diversification
Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.
See our full Risk analysis for LBS.TO — including analyst notes on volatility, diversification, and underlying assets.
View Plans →Return 45% of overall score
Return factors assess the income generation quality of LBS.TO: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Yield
The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
How often the fund pays distributions — monthly payments are generally preferred by income investors.
Pays monthly. Note that no distributions will be paid on the Class A Shares if the distributions payable on the Preferred Shares are in arrears or if after payment the NAV per Unit would be less than $15.00.
See our full Return analysis for LBS.TO — yield rating, distribution consistency score, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score is designed to answer the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes are available in the Dependable Income Investing app.
See our full scoring methodology →
Frequently Asked Questions About LBS.TO
What is LBS.TO's expense ratio?
MER per Class A share was 1.79% in the most recent annual report. This is high.
How long has LBS.TO been trading?
Fund inception date was October 17th 2006 - approximately 19 years of history as of review date.
How large is LBS.TO by assets under management?
Class A share market capitalization is approximately $621 Million CAD as of March 2026. Combined Class A and Preferred share capital was approximately $1.1 Billion.
Who manages LBS.TO?
Brompton manages approximately $3 billion. Relatively small compared to other fund companies.
Where can I see the full LBS.TO review?
The complete 13-factor review — including all Risk and Return scores, analyst notes, and your Dependability Score — is available in the Dependable Income Investing app.
Does LBS.TO pay monthly dividends?
Pays monthly. Note that no distributions will be paid on the Class A Shares if the distributions payable on the Preferred Shares are in arrears or if after payment the NAV per Unit would be less than $15.00. Full distribution history and yield stability score are available in the Dependable Income Investing app.
Is LBS.TO a high-volatility fund?
Beta is 1.25 vs SPY (2016-03-11 to 2026-03-06) which is higher than the overall market. The split share structure adds effective leverage which increases volatility. Improved from 1.45 in the previous review. See the full volatility score and risk analysis in the Dependable Income Investing app.
How often does LBS.TO pay distributions?
Pays monthly. Note that no distributions will be paid on the Class A Shares if the distributions payable on the Preferred Shares are in arrears or if after payment the NAV per Unit would be less than $15.00. Distribution consistency and yield stability ratings are available in the app.
See the Full LBS.TO Review
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors, analyst notes, Dependability Score, and tools to compare LBS.TO against other income funds side by side.
View Plans →Also available: free fund comparison tools in the app.