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About BMO US Preferred Share Index ETF USD
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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.
ISIN
CA05591C1150
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%
Corporate99.84%
Cash0.16%
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.U top holdings are QVC Inc 6.25 % Notes 2019-26.11.68 Gtd Global and QVC Inc 6.375 % Notes 2018-13.09.67 Gtd Global, occupying 1.63% and 1.61% of the portfolio correspondingly.
ZUP.U assets under management is 9.29 M USD. It's fallen 8.38% over the last month.
ZUP.U fund flows account for −2.59 M USD (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.
No, ZUP.U doesn't pay dividends to its holders.
ZUP.U 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.U expense ratio is 0.57% meaning you'd have to pay 0.57% of your investment to help manage the fund.
ZUP.U follows the Solactive U.S. Preferred Share Select Index - USD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZUP.U invests in bonds.
ZUP.U price has risen by 1.32% over the last month, and its yearly performance shows a −7.13% decrease. See more dynamics on ZUP.U price chart.
NAV returns, another gauge of an ETF dynamics, showed a 5.61% increase in three-month performance and has decreased by −2.02% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 5.61% increase in three-month performance and has decreased by −2.02% in a year.
ZUP.U trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.