- What does QTPI invest in?
- QTPI is an actively managed ETF focused on investing in preferred securities eligible for favorable US federal income tax treatment, such as qualified dividend income (QDI) and qualified dividends from REITs (QRD). The fund targets various preferred securities, including fixed, floating, and variable rate securities, convertible and REIT preferred securities, contingent convertibles, and junior subordinated debt from corporate issuers and financial institutions. The primary investment strategy is to maximize after-tax yield using a proprietary quantitative credit screen to minimize default risk and optimize value. The sub-adviser evaluates qualitative factors to choose issuers and assesses individual securities for duration, coupon structure, and fit within the risk framework. Exposure to any single issuer is capped at 10% of net assets. The fund anticipates low portfolio turnover to maintain QDI and QRD tax benefits and invests in US and foreign preferred securities denominated in US dollars.
- What is the expense ratio of QTPI?
- Exchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.
- What is QTPI's dividend yield?
- QTPI's trailing-twelve-month yield is 4.42%, calculated from the sum of dividends over the past year divided by the current price.
- How big is QTPI?
- Exchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) manages $77.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is QTPI actively managed or an index fund?
- QTPI is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (QTPI's is 0.60%) in exchange for the discretion to over- or under-weight positions.
- When was QTPI launched?
- Exchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) launched in December 2024 and is managed by North Square.
