CPD — iShares S&P/TSX Preferred Share Index ETF
CPD replicates the S&P/TSX Preferred Share Index, so its weight in each issuer reflects roughly the size of that issuer in the Canadian preferred market. The result: the big banks and heavyweight utilities dominate, and the fund holds the widest roster of series of the three ETFs on this page. Because new preferred share issues enter the index automatically, CPD is the simplest way to own "the whole market" without picking series yourself.
What the fees actually cost you
The management expense ratio (MER) is deducted from the fund's assets before distributions are paid out — it never appears as a bill, which is exactly why it is easy to ignore. Every dollar of it comes out of your dividend income.
| Amount invested | Fee per year | Over 10 years* |
|---|---|---|
| $10,000 | ≈ $50 | ≈ $535 (compounded) |
| $50,000 | ≈ $250 | ≈ $2,675 (compounded) |
| $100,000 | ≈ $500 | ≈ $5,350 (compounded) |
*Based on a 0.50% annual fee, compounded and left invested — the fee is charged on the fund's assets each year, so the lifetime cost grows along with your position. Figures are illustrative, rounded.
Buying the individual preferred shares inside CPD instead carries a commission when you trade — and nothing after that. There is no ongoing management fee on a share you own directly; the dividend it pays is the dividend you receive. Over a decade or more, that difference quietly compounds into real money.
Selecting your own series takes a little more attention — reset dates, credit ratings, spreads — but that information is exactly what this site exists to make accessible. Browse the full universe of Canadian preferred shares and build a portfolio tailored to your own income needs, rather than one assembled for thousands of different investors at once.
CPD top holdings
Largest reported positions as of 2026-09-24. Every share links to its own page on this site — price, current yield and full issue terms.
| Symbol | Issue | Weight |
|---|---|---|
| FTS.PR.M | Fortis Inc Cum Red 1st Pref Registered Shs Series -M- | 1.74% |
| TRP.PR.D | TC Energy Corp Floating Rate Cum Conv Red 1st Pfd Registered Shs Series -7- | 1.73% |
| BCE.PR.K | BCE Inc Cum Red 1st Pfd Registered Shs Series -AK- | 1.21% |
| NA.PR.C | National Bank of Canada Non-Cum Conv Red 1st Pfd Registered Shs Series -38- | 1.21% |
| TRP.PR.A | TC Energy Corp Cum Red 1st Pfd Registered Shs Series -1- | 1.19% |
| TRP.PR.E | TC Energy Corp FXDFR PRF PERPETUAL CAD 25 - Ser 9 | 1.18% |
| PPL.PF.A | Pembina Pipeline Corp FXDFR PRF PERPETUAL CAD 25 - Ser 21Cls A | 1.10% |
| NA.PR.S | National Bank of Canada Non Cum 1st Pfd Registered Shs Series -30- | 1.03% |
| MFC.PR.M | Manulife Financial Corp Non-Cum Pfd Shs -1- Series -17- | 1.02% |
| ENB.PR.Y | Enbridge Inc Cum Red Pref Registered Shs Series -3- | 0.96% |
| ENB.PF.K | Enbridge Inc FXDFR PRF PERPETUAL CAD 25 - Ser 19 | 0.96% |
| CU.PR.C | Canadian Utilities Ltd Cum Red 2nd Pfd Registered Shs Series -Y- | 0.94% |
| NA.PR.G | National Bank of Canada Pfd | 0.92% |
| EMA.PR.H | Emera Inc FXDFR PRF PERPETUAL CAD 25 - Ser H | 0.89% |
| ENB.PF.C | Enbridge Inc Cum Red Pref Registered Shs Series -11- | 0.89% |
| NA.PR.E | National Bank of Canada FXDFR PRF PERPETUAL CAD 25 - Ser 40 | 0.88% |
| ENB.PR.B | Enbridge Inc Series B | 0.88% |
| ENB.PR.N | Enbridge Inc Cum Conv Red Pref Registered Shs Series -N- | 0.84% |
Holding it vs holding them directly
Owning CPD means accepting the fund's weights — convenient, but you can't favour the series with the reset dates and ratings you actually want. Our database covers every issue inside the fund and the whole exchange, so you can build your own position with the same information the manager sees.
Holdings are the largest reported positions of CPD as of 2026-09-24; fund composition changes with rebalances and this list is refreshed periodically. There is no affiliation between this site and any fund manager; tickers are used for identification only.
Informational purposes only — not investment solicitations or advice.