Key stats
About BMO LADDERED PREFERRED SHS IDX ETF CAD UNITS
Home page
Inception date
Nov 14, 2012
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management Corp.
The fund invests in CAD-denominated preferred shares listed on the TSX. The index includes investment-grade rate-reset preferreds with credit ratings of P3 or above Baa3. These securities must have a rate-reset frequency date of five years or less. The index uses a five-year laddered structure where five annual buckets are equal weighted while constituent securities within each bucket are market capitalization weighted. Each maturity bucket (except for the 0- and 5-year buckets) must consist of at least five preferred shares. The index is rebalanced monthly. The fund aims to hold preferreds in parallel proportions as they are reflected in the index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.32%
Miscellaneous1.08%
Cash0.60%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZPR top holdings are National Bank of Canada Non-Cum Conv Red 1st Pfd Registered Shs Series -38- and BCE Inc. Cum Red 1st Pfd Registered Series AK, occupying 2.23% and 2.13% of the portfolio correspondingly.
ZPR last dividends amounted to 0.05 CAD. The month before, the issuer paid 0.05 CAD in dividends,
ZPR assets under management is 1.34 B CAD. It's risen 4.50% over the last month.
ZPR fund flows account for −275.88 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ZPR pays dividends to its holders with the dividend yield of 4.89%. The last dividend (May 2, 2025) amounted to 0.05 CAD. The dividends are paid monthly.
ZPR shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Nov 14, 2012, and its management style is Passive.
ZPR expense ratio is 0.56% meaning you'd have to pay 0.56% of your investment to help manage the fund.
ZPR follows the Solactive Laddered Canadian Preferred Share Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZPR invests in bonds.
ZPR price has risen by 5.42% over the last month, and its yearly performance shows a 8.82% increase. See more dynamics on ZPR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.40% over the last month, showed a 0.24% increase in three-month performance and has increased by 13.63% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.40% over the last month, showed a 0.24% increase in three-month performance and has increased by 13.63% in a year.
ZPR trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.