HPR — Global X Active Preferred Share ETF

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.

*Based on a 0.69% 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 HPR 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.