Key stats
About INVESCO CANADIAN PREF SHARE IDX ETF CAD UNITS
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Inception date
Jun 6, 2011
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Invesco Canada Ltd.
PPS is a passively managed fund that tracks an index of TSX-listed preferred shares issued in Canada. To be eligible for inclusion in the index, a security must rank in the top 150 securities by three-month average daily dollar trading value among other preferred shares on the TSX, should be rated as investment grade rating of BBB or higher, has been listed on a market for at least three full months, and is actively paying dividends. Each eligible security will be scored by dividend yield and 90-day realized volatility, with the highest yielding security ranking first and least volatile security ranking first. The ranks are then added together and the top 100 securities with the highest combined rank will be selected. Index constituents are reviewed monthly to ensure they still meet eligibility requirements, and reconstituted annually. Weighting is based on market-value, capped at 8% for the five largest issuers, and 4% for all the remaining issuers.
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
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PPS last dividends amounted to 0.04 USD. The month before, the issuer paid 0.04 USD in dividends, which shows a 2.51% increase.
PPS shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Jun 6, 2011, and its management style is Passive.
PPS expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
PPS follows the NASDAQ Select Canadian Preferred Share Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PPS invests in cash.
PPS trades at a premium (33.89%) meaning the ETF is trading at a higher price than the calculated NAV.