# Exchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/qtpi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: North Square · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-12-18 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... ## Key Facts | Metric | Value | |---|---| | Price | $24.67 | | Expense Ratio | 0.60% | | Assets Under Management | $77.2M | | NAV | $24.65 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.42% | | Annual Distribution (TTM) | $1.09 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.54 – $26.30 | | Beta | 0.16 | ## Latest Distribution - Amount: $0.1067 /share - Ex-date: 2026-09-29 - Pay date: 2026-10-05 ## Frequently Asked Questions ### 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. ### Does QTPI pay a dividend? Yes, Exchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) distributes dividends to shareholders. The trailing-twelve-month yield is 4.42%. Full dividend history is on this page. ### How often does QTPI pay dividends? Exchange Place Advisors Trust - North Square RCIM Tax-Advantaged Preferred and Income Securities ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is QTPI's next ex-dividend date? The most recently announced ex-dividend date for QTPI was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will QTPI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.60% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does QTPI charge its expense ratio? The expense ratio is deducted in tiny daily slices from QTPI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does QTPI cost more than a fund like VOO? QTPI is actively managed (current expense ratio 0.60%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether QTPI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to QTPI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QTPI (0.60%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/qtpi - Distribution history: https://www.dividenddata.com/funds/qtpi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/qtpi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/qtpi/expenses - Peer comparison: https://www.dividenddata.com/funds/qtpi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.