Key stats
About BMO US PREFERRED SHARE INDEX ETF USD UNIT
Issuer
Bank of Montreal
Brand
BMO
Expense ratio
0.57%
Home page
Inception date
Feb 3, 2017
Index tracked
Solactive U.S. Preferred Share Select Index - USD
Management style
Passive
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 according to yield, with the maximum weight of 3% per issuer. The index is rebalanced quarterly. The fund aims to hold securities in parallel proportions as they are reflected in the index. The fund is also offered as CAD-unhedged units and as CAD-hedged units (ZHP-CA).
Classification
Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Dividends
Weighting scheme
Dividends
Selection criteria
Dividends
What's in the fund
Exposure type
Finance
Stocks99.51%
Finance80.14%
Consumer Services6.74%
Communications5.90%
Consumer Durables1.92%
Utilities1.77%
Distribution Services0.90%
Transportation0.84%
Commercial Services0.72%
Producer Manufacturing0.58%
Bonds, Cash & Other0.49%
Cash0.49%