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Compare TD Active Preferred Share ETF (TPRF) vs BMO Laddered Preferred Share Index ETF (ZPR) to find the best fit for your portfolio. TPRF and ZPR provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, TPRF features a management fee (MER) of 0.51%, compared to 0.45% for ZPR. Performance-wise, TPRF has returned 8.19% year-to-date with +$85 M in net flows, whereas ZPR is at 9.41% with +$58 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TPRF
ZPR
| AuM | $491.68 M | $1,660.57 M |
| Management Fees | 0.51% | 0.45% |
| Exp. ratio | 0.50% | 0.50% |
| Tracking Difference | - | -0.52% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TPRF | +0.08% | +2.71% | +8.19% | +13.51% | +75.88% |
ZPR | +0.64% | +2.76% | +9.41% | +15.90% | +79.22% | |
| Flows | TPRF | +$16 M | +$37 M | +$85 M | +$99 M | +$140 M |
ZPR | +$33 M | +$55 M | +$58 M | +$103 M | -$465 M |
TPRF vs ZPR exposure
Countries
TPRF
Canada
95.98%
ZPR
Canada
97.80%
Sectors
TPRF
Finance
45.94%
Energy
25.66%
Utilities
15.13%
Telecommunications
8.77%
ZPR
Finance
48.04%
Energy
24.83%
Utilities
15.72%
Telecommunications
9.81%
As of September 1, 2026
Top 10 Holdings
TPRF
Fortis, Inc.
2.76%
Manulife Financial Corp.
2.76%
TC Energy Corp.
2.63%
TC Energy Corp.
2.43%
Brookfield Renewable Power Preferred Equity, Inc.
2.26%
Pembina Pipeline Corp.
2.24%
BCE, Inc.
2.13%
BCE, Inc.
2.09%
Brookfield Office Properties, Inc.
2.09%
Enbridge, Inc.
2.04%
ZPR
BCE, Inc.
2.55%
Enbridge, Inc.
1.89%
TC Energy Corp.
1.77%
National Bank of Canada
1.58%
Brookfield Corp.
1.56%
Brookfield Corp.
1.49%
Power Financial Corp.
1.48%
Intact Financial Corp.
1.47%
Brookfield Office Properties, Inc.
1.46%
Fortis, Inc.
1.45%
Diversification
TPRF
Total weight of top 10 holdings out of 126 total
23.45%
ZPR
Total weight of top 10 holdings out of 112 total
16.68%
Characteristics
Compare
TPRF
ZPR
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Laddered Canadian Preferred Share Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.03% | 5.14% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2018 | November 14, 2012 |
Frequently asked questions about TPRF and ZPR
Which ETF has performed better year to date: TPRF or ZPR?
As of September 1, 2026, TPRF has returned 8.19% year to date, while ZPR has returned 9.41%. ZPR is ahead on YTD performance.
Which ETF is larger by assets under management: TPRF or ZPR?
As of September 1, 2026, TPRF manages $491.68 M in assets, while ZPR manages $1.66 B. ZPR is the larger fund by AUM.
How are TPRF and ZPR managed?
TPRF is actively managed by TD Asset Management. It does not track an index. ZPR is passively managed by BMO. It tracks the Solactive Laddered Canadian Preferred Share Total Return Index - CAD benchmark.
What sectors do TPRF and ZPR emphasize?
TPRF is most exposed to Finance, Energy, and Utilities. ZPR is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: TPRF or ZPR?
Year to date, TPRF has seen +$84.75 M in net flows, compared with +$58.44 M for ZPR. TPRF has attracted more net investor money so far.
How do the fees of TPRF and ZPR compare?
TPRF has an expense ratio of 0.50%, while ZPR has an expense ratio of 0.50%.
What are the top holdings of TPRF and ZPR?
TPRF's largest holdings include Enbridge, Inc., BCE, Inc., and TC Energy Corp.. ZPR's top holdings include Enbridge, Inc., Brookfield Corp., and BCE, Inc..
Which ETF is more diversified: TPRF or ZPR?
TPRF holds 35 securities, while ZPR holds 31. On holdings count, TPRF is the more diversified portfolio.
Recent articles about TPRF and ZPR
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