BMO LADDERED PREFERRED SHS IDX ETF UNITS ETFBMO LADDERED PREFERRED SHS IDX ETF UNITS ETFBMO LADDERED PREFERRED SHS IDX ETF UNITS ETF

BMO LADDERED PREFERRED SHS IDX ETF UNITS ETF

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Key stats


Assets under management (AUM)
‪1.34 B‬CAD
Fund flows (1Y)
‪−361.78 M‬CAD
Dividend yield (indicated)
5.21%
Discount/Premium to NAV
−0.6%

About BMO LADDERED PREFERRED SHS IDX ETF UNITS ETF


Issuer
Bank of Montreal
Brand
BMO
Expense ratio
0.56%
Home page
Inception date
Nov 14, 2012
Index tracked
Solactive Laddered Canadian Preferred Share Index - CAD
Management style
Passive
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


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Investment grade
Niche
Intermediate
Strategy
Laddered
Weighting scheme
Tiered
Selection criteria
Maturity

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 30, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Utilities
Industrial Services
Stocks98.69%
Finance60.97%
Utilities15.57%
Industrial Services10.25%
Communications8.06%
Energy Minerals2.97%
Miscellaneous0.86%
Bonds, Cash & Other1.31%
Miscellaneous1.01%
Cash0.29%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows