OND

OND by ProShares is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.

With a 0.58% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.

As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).