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BMO US Preferred Share Index ETF (ZUP) and Accelerate Diversified Credit Income Fund (INCM.B) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZUP focuses its top 3 sector exposures on Finance, Telecommunications, and Utilities, while INCM.B leans towards Finance. When evaluating costs, ZUP features a management fee (MER) of 0.45%, compared to 0.75% for INCM.B. Performance-wise, ZUP has returned 0.16% year-to-date with +$3 M in net flows, whereas INCM.B is at 7.06% with +$22 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
ZUP
INCM.B
| AuM | $43.80 M | $30.54 M |
| Management Fees | 0.45% | 0.75% |
| Exp. ratio | 0.50% | 0.75% |
| Tracking Difference | 0.02% | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZUP | -1.41% | -2.55% | -0.16% | -3.50% | +18.17% |
INCM.B | -3.40% | +0.53% | -7.06% | -14.27% | - | |
| Flows | ZUP | +$0 M | +$1 M | +$3 M | +$3 M | +$1 M |
INCM.B | +$0 M | -$9 M | +$22 M | +$12 M | - |
ZUP vs INCM.B exposure
Countries
ZUP
USA
91.45%
Bermuda
8.55%
INCM.B
USA
100.00%
Sectors
ZUP
Finance
82.77%
Telecommunications
8.16%
Other
9.07%
INCM.B
Finance
100.00%
As of September 11, 2026
Top 10 Holdings
ZUP
Whirlpool Corp.
1.04%
Brookfield Property Partners LP
1.03%
Brookfield Property Partners LP
0.99%
Arbor Realty Trust, Inc.
0.88%
Qwest Corporation, 6.75% 15jun2052, USD
0.84%
KKR Real Estate Finance Trust, Inc.
0.83%
Qwest Corporation, 6.5% 1sep2051, USD
0.82%
Qwest Corporation, 6.75% 15jun2057, USD
0.81%
Qwest Corporation, 6.5% 1sep2056, USD
0.81%
F&G Annuities & Life, 7.3% 15jan2065, USD
0.80%
INCM.B
Ares Capital Corp.
11.10%
Golub Capital BDC, Inc.
10.62%
Blue Owl Capital Corp.
9.71%
Morgan Stanley Direct Lending Fund
8.19%
Carlyle Secured Lending, Inc
7.55%
Goldman Sachs BDC, Inc.
7.41%
Blackstone Secured Lending Fund
6.79%
Oaktree Specialty Lending Corp.
5.73%
MidCap Financial Investment Corp
5.50%
FS KKR Capital Corp.
5.03%
Diversification
ZUP
Total weight of top 10 holdings out of 156 total
8.86%
INCM.B
Total weight of top 10 holdings out of 20 total
77.62%
Characteristics
Compare
ZUP
INCM.B
| Provider | BMO | Accelerate Financial Technologies |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive US Preferred Share Select Net Total Return Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.22% | 13.98% |
| Meets ESG criteria | No | No |
| Inception Date | February 9, 2017 | May 7, 2025 |
Frequently asked questions about ZUP and INCM.B
Which ETF has performed better year to date: ZUP or INCM.B?
As of September 11, 2026, ZUP has returned -0.16% year to date, while INCM.B has returned -7.06%. ZUP is ahead on YTD performance.
Which ETF is larger by assets under management: ZUP or INCM.B?
As of September 11, 2026, ZUP manages $43.80 M in assets, while INCM.B manages $30.54 M. ZUP is the larger fund by AUM.
How are ZUP and INCM.B managed?
ZUP is passively managed by BMO. It tracks the Solactive US Preferred Share Select Net Total Return Index - CAD benchmark. INCM.B is actively managed by Accelerate Financial Technologies. It does not track an index.
What sectors do ZUP and INCM.B emphasize?
ZUP is most exposed to Finance, Telecommunications, and Utilities. INCM.B is most exposed to Finance.
Which ETF is attracting more investor flows: ZUP or INCM.B?
Year to date, ZUP has seen +$3.02 M in net flows, compared with +$22.36 M for INCM.B. INCM.B has attracted more net investor money so far.
How do the fees of ZUP and INCM.B compare?
ZUP has an expense ratio of 0.50%, while INCM.B has an expense ratio of 0.75%.
What are the top holdings of ZUP and INCM.B?
ZUP's largest holdings include Rithm Capital Corp., Athene Holding Ltd., and Vornado Realty Trust. INCM.B's top holdings include Ares Capital Corp., Golub Capital BDC, Inc., and Blue Owl Capital Corp..
Which ETF is more diversified: ZUP or INCM.B?
ZUP holds 105 securities, while INCM.B holds 20. On holdings count, ZUP is the more diversified portfolio.
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