Key stats
About BMO US PREFERRED SHARE INDEX ETF SERIES ETFU UNITS
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Inception date
Feb 9, 2017
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Distributes
Capital Gains
Tax on distributions
Ordinary income
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%
Corporate99.71%
Cash0.29%
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