21.29
+0.02(+0.09%)
Currency In CAD
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
April 03, 2017
The fund provides exposure to an index of rate-reset preferred shares issued in Canada. Eligible securities must be denominated in CAD, have an effective time to maturity of 6 years, and have an adjustable dividend rate. Constituents are market-cap weighted with individual capping at 10%. The fund is designed for investors who are seeking steady and attractive income from a diversified portfolio delivering efficient exposure to the potential of rate-reset preferred shares in Canada. The index is rebalanced on a quarterly basis.