Launched in June 2023, the fund has $617 million in assets. It’s by far the largest of the three Canadian-listed split-pref ETFs. Its management expense ratio is 0.57%. The fund is actively traded, with average daily volume of 270,000 units. The fund has, on average, produced single digit returns that exceeded those of high-quality Canadian bonds, and shows low volatility. Its distributions are eligible for the dividend tax credit. The fund has good liquidity, with an average bid-ask spread of 0.13%.