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%
Corporate97.22%
Cash1.67%
Miscellaneous1.11%
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