Key stats
About BMO US PREFERRED SHARE INDEX ETF CAD UNITS
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Inception date
Feb 9, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
The fund invests in preferred shares listed on the NYSE (including NYSE Arca and NYSE Amex), the NASDAQ Global Select Market, the NASDAQ Select Market or the NASDAQ Capital Market. Eligible securities are screened by market cap and liquidity, they must have a minimum rating of B-/B3/B-. The index includes two thirds of the highest yielding securities and weights them also according to yield, with the maximum weight of 3% per issuer. The index is rebalanced quarterly and hedges back the foreign currency exposure to CAD on a monthly basis via FX forward contracts. The fund aims to hold securities 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%
Corporate100.22%
Cash−0.22%
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
ZUP last dividends amounted to 0.10 CAD. The month before, the issuer paid 0.10 CAD in dividends,
ZUP assets under management is 41.54 M CAD. It's risen 0.10% over the last month.
ZUP fund flows account for −1.72 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, ZUP pays dividends to its holders with the dividend yield of 6.30%. The last dividend (May 2, 2025) amounted to 0.10 CAD. The dividends are paid monthly.
ZUP shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Feb 9, 2017, and its management style is Passive.
ZUP expense ratio is 0.58% meaning you'd have to pay 0.58% of your investment to help manage the fund.
ZUP follows the Solactive US Preferred Share Select (NTR). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZUP invests in bonds.
ZUP price has fallen by −1.67% over the last month, and its yearly performance shows a −5.02% decrease. See more dynamics on ZUP price chart.
NAV returns, another gauge of an ETF dynamics, showed a −8.31% decrease in three-month performance and has increased by 0.90% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −8.31% decrease in three-month performance and has increased by 0.90% in a year.
ZUP trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.