Question 1

What is ZPR?

Accepted Answer

ZPR — BMO Laddered Preferred Share ETF — is a Canadian-listed ETF trading on the TSX. The BMO Laddered Preferred Share Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.

Question 2

What is the ZPR ETF price today?

Accepted Answer

ZPR last traded at $12.87 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZPR MER (management expense ratio)?

Accepted Answer

ZPR has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ZPR is considered a low-cost ETF.

Question 4

What are ZPR annualised returns?

Accepted Answer

ZPR historical returns: YTD: +4.55%, 1-year: +18.66%, 3-year annualised: +19.38%, 5-year annualised: +7.87%, 10-year annualised: +8.09%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.69, which measures risk-adjusted return.

Question 5

Does ZPR pay dividends or distributions?

Accepted Answer

Yes, ZPR distributes income to unitholders. The current distribution yield is approximately 5.04%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZPR invest in?

Accepted Answer

ZPR's top holdings include BCE Inc Cum Red 1st Pfd Registered Shs Series -AK- (BCE, 2.5%), Brookfield Corp Cum Pfd Registered Shs -A- Series -24- (BN, 1.6%), Fortis Inc Cum Red 1st Pref Shs Series -M- (FTS, 1.4%). See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the S&P/TSX Preferred Share TR.

Question 7

What sectors does ZPR invest in?

Accepted Answer

ZPR's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZPR? (Assets under management)

Accepted Answer

ZPR has approximately $1.56B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZPR launched?

Accepted Answer

ZPR was launched on November 14, 2012, giving it a 14-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZPR in Canada?

Accepted Answer

ZPR trades on the TSX under the ticker ZPR. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZPR?

Accepted Answer

ZPR has a 1-year volatility of 4.09% and a beta of 1.06 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.69 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-06-22	$12.84	$12.87	$12.81	$12.87	$12.87	65,985
2026-06-19	$12.81	$12.85	$12.79	$12.82	$12.82	79,321
2026-06-18	$12.84	$12.84	$12.78	$12.80	$12.80	138,237
2026-06-17	$12.78	$12.84	$12.78	$12.82	$12.82	92,442
2026-06-16	$12.81	$12.82	$12.76	$12.81	$12.81	99,687
2026-06-15	$12.83	$12.83	$12.78	$12.80	$12.80	87,407
2026-06-12	$12.78	$12.80	$12.76	$12.77	$12.77	95,188
2026-06-11	$12.74	$12.81	$12.74	$12.80	$12.80	108,183
2026-06-10	$12.76	$12.79	$12.73	$12.76	$12.76	85,326
2026-06-09	$12.80	$12.81	$12.77	$12.80	$12.80	92,569

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

BMO Laddered Preferred Share ETF (ZPR : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Laddered Preferred Share ETF

ETF Details

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Frequently Asked Questions — ZPR