As of January 3, 2017, Utility Split Trust has gone out of business. Utility Split Trust is a closed-ended equity mutual fund of funds launched and managed by First Asset Investment Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the utilities and energy sectors. It primarily invests in dividend paying stocks of companies and other income trusts that generate, transmit and/or distribute electricity, water and/or natural gas. The fund is actively managed. It benchmarks the performance of its portfolio against the S&P/TSX Capped Utilities TR Index. Utility Split Trust was formed on October 24, 2006 and is domiciled in Canada.