Global X Laddered Canadian Preferred Share Index Corporate Class ETF Canadian Preferred Share Index Corporate Class ETF
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About Global X Laddered Canadian Preferred Share Index Corporate Class ETF Canadian Preferred Share Index Corporate Class ETF
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Inception date
Feb 26, 2019
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA37965E1043
The fund provides exposure to an index of preferred shares issued in Canada. Eligible securities must be TSX listed, be denominated in CAD, have an effective time to maturity up to 6 years, have an investment-grade rating, and meet a minimum issue size of 100 million CAD. In order to maintain a continuous laddered maturity portfolio, the selected securities are placed into five maturity buckets wherein bonds that are closest to the buckets are given priority during adjustments. Each security is market-cap weighted and each bucket will be maintained and adjusted to have a fixed weighting of 20%. Issuer weights are also limited to 12.5% only. The fund is designed for investors seeking short-term exposure from a portfolio of investment-grade preferred shares domiciled in Canada. The index is rebalanced monthly.
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
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash52.78%
Miscellaneous47.22%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HLPR assets under management is 107.13 M CAD. It's risen 0.32% over the last month.
HLPR fund flows account for −16.40 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.
No, HLPR doesn't pay dividends to its holders.
HLPR shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Feb 26, 2019, and its management style is Passive.
HLPR expense ratio is 0.33% meaning you'd have to pay 0.33% of your investment to help manage the fund.
HLPR follows the Solactive Laddered Canadian Preferred Share Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HLPR invests in cash.
HLPR price has fallen by −0.49% over the last month, and its yearly performance shows a 18.68% increase. See more dynamics on HLPR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.35% over the last month, showed a 5.24% increase in three-month performance and has increased by 18.38% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.35% over the last month, showed a 5.24% increase in three-month performance and has increased by 18.38% in a year.
HLPR trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.