RE:Poll: how much Brompton A shares do you own?The split funds containing banks and insurance companies, like LBS, trade something like derivatives, ie. they can have wild price fluxuations based on the values of the underlying securities. This is becase, unlike an ETF, which accurate reflects the value of the constituent securites, split funds move hugely up or down in price when their NAV gets close to $15: their price can be cut in half, or can double in value, depending on the direction the NAV is moving in, relative to that $15 threshold. So, I don't see them purely as an actual position in the underlying stocks, I see them more as derivatives that can pay a hefty dividend.