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Overview

Fund Profile

Key Facts

Fund Ticker BANK
Net Assets (Mn)
(Sep 18, 2019)
$ 4.42
Base Currency CAD
Closing Market Price $ 18.44
12-Month Low/High (Market Price) $ 16.84 / $ 20.81
Closing NAV Price
(Sep 18, 2019)
$ 18.5772
12-Month Low/High (Price (NAV)) $ 16.5449 / $ 20.8197
Annualized Distribution Yield
(Sep 13, 2019)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

3.62%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.35%
Management Expense Ratio 0.40%

Management Expense Ratios (MERs) are the audited MERs as of December 31, 2017.

Market Volume 1,302
Distribution Frequency Quarterly
Options Available No
Inception Date Apr 07, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 238
Index FTSE Developed ex Korea Banks Capped 100% Hedged to CAD Index
Market Cap ($Bn)
(Aug 30, 2019)
3,822.89
Exchange TSX
CUSIP 05583Q106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Global Banks Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Developed ex Korea Banks Capped 100% Hedged to CAD Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.

Benchmark Info

FTSE Developed ex Korea Banks Capped 100% Hedged to CAD Index includes global banks. The index includes large and mid-caps banks according to the Russell Global Sectors classification system, with a 10% security cap and is re-balanced on a quarterly basis. The foreign currency is hedged back to Canadian dollars.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to global bank stocks
  • Currency hedged back to Canadian dollars
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Sep 18, 2019)
$ 4.42
Market Price $ 18.44
12-Month Low/High (Market Price) $ 16.84 / $ 20.81
Price (NAV) $ 18.5772
12-Month Low/High (Price (NAV)) $ 16.5449 / $ 20.8197
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.44 $ -0.09 -0.49%
Price (NAV) $ 18.5772 $ 0.0075 0.04%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -12.40% -4.13% - - - -2.63%
Index -11.45% -3.26% - - - -1.71%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017
NAV 3.68% -18.32% 10.77%
Index 4.51% -17.83% 11.73%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.68% -6.28% -1.82% -6.40% -12.40% -8.10% - - - -6.19%
Index 4.51% -6.18% -1.47% -5.67% -11.45% -6.41% - - - -4.04%

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Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

Download Distribution History (Excel)
Distribution Period

Future distribution dates may change without any prior notice.

Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Total Distribution Per Unit
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.170000 0.000000 0.170000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.170000 0.000000 0.170000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
Download Distribution Tax (Excel)
Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Sep 18, 2019

Stock

99.52%

Cash and Cash Equivalents

0.48%

Number of Holdings

122

Total Net Assets

$ 4,421,371.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
9.44% BANK OF AMERICA CORP US0605051046 BAC 10,470 USD 417,313 - Stock
7.23% WELLS FARGO & CO US9497461015 WFC 4,919 USD 319,776 - Stock
5.64% HSBC HOLDINGS PLC GB0005405286 HSBA 24,601 GBP 249,251 - Stock
4.22% ROYAL BANK OF CANADA CA7800871021 RY 1,755 CAD 186,539 - Stock
3.85% TORONTO-DOMINION BANK/THE CA8911605092 TD 2,241 CAD 170,383 - Stock
3.66% COMMONWEALTH BANK OF AUSTRALIA AU000000CBA7 CBA 2,177 AUD 161,837 - Stock
2.95% US BANCORP US9029733048 USB 1,756 USD 130,439 - Stock
2.57% WESTPAC BANKING CORP AU000000WBC1 WBC 4,229 AUD 113,664 - Stock
2.53% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 1,498 CAD 111,721 - Stock
2.40% MITSUBISHI UFJ FINANCIAL GROUP INC JP3902900004 8306 15,239 JPY 106,013 - Stock
2.35% BANCO SANTANDER SA ES0113900J37 SAN 19,498 EUR 103,721 - Stock
2.33% PNC FINANCIAL SERVICES GROUP INC/THE US6934751057 PNC 548 USD 102,804 - Stock
2.07% NATIONAL AUSTRALIA BANK LTD AU000000NAB4 NAB 3,444 AUD 91,333 - Stock
1.98% AUSTRALIA & NEW ZEALAND BANKING GROUP LTD AU000000ANZ3 ANZ 3,474 AUD 87,543 - Stock
1.91% BNP PARIBAS SA FR0000131104 BNP 1,314 EUR 84,587 - Stock
1.71% BANK OF MONTREAL CA0636711016 BMO 779 CAD 75,734 - Stock
1.71% LLOYDS BANKING GROUP PLC GB0008706128 LLOY 85,810 GBP 75,641 - Stock
1.70% SUMITOMO MITSUI FINANCIAL GROUP INC JP3890350006 8316 1,615 JPY 75,080 - Stock
1.49% ING GROEP NV NL0011821202 INGA 4,737 EUR 65,708 - Stock
1.48% BB&T CORP US0549371070 BBT 928 USD 65,481 - Stock
1.45% MIZUHO FINANCIAL GROUP INC JP3885780001 8411 31,149 JPY 64,324 - Stock
1.35% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 542 CAD 59,555 - Stock
1.30% INTESA SANPAOLO SPA IT0000072618 ISP 18,340 EUR 57,496 - Stock
1.27% BANCO BILBAO VIZCAYA ARGENTARIA SA ES0113211835 BBVA 8,122 EUR 56,016 - Stock
1.19% DBS GROUP HOLDINGS LTD SG1L01001701 DBS 2,164 SGD 52,453 - Stock
1.19% NORDEA BANK ABP FI4000297767 NDA 5,559 EUR 52,416 - Stock
1.17% BARCLAYS PLC GB0031348658 BARC 21,070 GBP 51,758 - Stock
1.11% SUNTRUST BANKS INC US8679141031 STI 539 USD 49,083 - Stock
1.00% UNICREDIT SPA IT0005239360 UCG 2,743 EUR 44,194 - Stock
0.99% DISCOVER FINANCIAL SERVICES US2547091080 DFS 392 USD 43,910 - Stock
0.98% OVERSEA-CHINESE BANKING CORP LTD SG1S04926220 OCBC 4,088 SGD 43,363 - Stock
0.87% UNITED OVERSEAS BANK LTD SG1M31001969 UOB 1,538 SGD 38,546 - Stock
0.85% STANDARD CHARTERED PLC GB0004082847 STAN 3,320 GBP 37,519 - Stock
0.79% M&T BANK CORP US55261F1049 MTB 165 USD 34,952 - Stock
0.76% FIFTH THIRD BANCORP US3167731005 FITB 896 USD 33,677 - Stock
0.74% SOCIETE GENERALE SA FR0000130809 GLE 882 EUR 32,800 - Stock
0.70% DNB ASA NO0010031479 DNB 1,301 NOK 30,817 - Stock
0.67% KEYCORP US4932671088 KEY 1,226 USD 29,662 - Stock
0.65% KBC GROUP NV BE0003565737 KBC 336 EUR 28,926 - Stock
0.62% HANG SENG BANK LTD HK0011000095 11 912 HKD 27,344 - Stock
0.61% CITIZENS FINANCIAL GROUP INC US1746101054 CFG 559 USD 27,190 - Stock
0.61% REGIONS FINANCIAL CORP US7591EP1005 RF 1,239 USD 26,914 - Stock
0.60% NATIONAL BANK OF CANADA CA6330671034 NA 412 CAD 26,710 - Stock
0.58% FIRST REPUBLIC BANK/CA US33616C1009 FRC 199 USD 25,471 - Stock
0.56% HUNTINGTON BANCSHARES INC/OH US4461501045 HBAN 1,277 USD 24,754 - Stock
0.52% SUMITOMO MITSUI TRUST HOLDINGS INC JP3892100003 8309 472 JPY 23,125 - Stock
0.52% SWEDBANK AB SE0000242455 SWEDA 1,224 SEK 22,987 - Stock
0.51% CREDIT AGRICOLE SA FR0000045072 ACA 1,402 EUR 22,743 - Stock
0.51% SVENSKA HANDELSBANKEN AB SE0007100599 SHBA 1,786 SEK 22,576 - Stock
0.51% CREDICORP LTD BMG2519Y1084 BAP 79 USD 22,484 - Stock
0.49% SKANDINAVISKA ENSKILDA BANKEN AB SE0000148884 SEBA 1,763 SEK 21,642 - Stock
0.44% BOC HONG KONG HOLDINGS LTD HK2388011192 2388 4,161 HKD 19,416 - Stock
0.43% ROYAL BANK OF SCOTLAND GROUP PLC GB00B7T77214 RBS 5,568 GBP 18,926 - Stock
0.41% SVB FINANCIAL GROUP US78486Q1013 SIVB 63 USD 18,234 - Stock
0.39% BANK LEUMI LE-ISRAEL BM IL0006046119 LUMI 1,823 ILS 17,122 - Stock
0.39% COMERICA INC US2003401070 CMA 192 USD 17,071 - Stock
0.36% ERSTE GROUP BANK AG AT0000652011 EBS 352 EUR 16,022 - Stock
0.36% RESONA HOLDINGS INC JP3500610005 8308 2,681 JPY 15,704 - Stock
0.35% DANSKE BANK A/S DK0010274414 DANSKE 815 DKK 15,316 - Stock
0.35% JULIUS BAER GROUP LTD CH0102484968 BAER 266 CHF 15,495 - Stock
0.34% CAIXABANK SA ES0140609019 CABK 4,403 EUR 14,893 - Stock
0.33% POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI SA PLPKO0000016 PKO 1,040 PLN 14,513 - Stock
0.31% BANK HAPOALIM BM IL0006625771 POLI 1,327 ILS 13,491 - Stock
0.31% ABN AMRO BANK NV NL0011540547 ABN 507 EUR 13,526 - Stock
0.30% ZIONS BANCORP NA US9897011071 ZION 222 USD 13,296 - Stock
0.24% PEOPLE'S UNITED FINANCIAL INC US7127041058 PBCT 485 USD 10,497 - Stock
0.23% COMMERCE BANCSHARES INC/MO US2005251036 CBSH 124 USD 10,094 - Stock
0.23% COMMERZBANK AG DE000CBK1001 CBK 1,272 EUR 10,301 - Stock
0.23% FINECOBANK BANCA FINECO SPA IT0000072170 FBK 743 EUR 10,262 - Stock
0.21% NEW YORK COMMUNITY BANCORP INC US6494451031 NYCB 554 USD 9,340 - Stock
0.19% BANCO DE SABADELL SA ES0113860A34 SAB 6,880 EUR 8,597 - Stock
0.18% ISRAEL DISCOUNT BANK LTD IL0006912120 DSCT 1,432 ILS 8,105 - Stock
0.17% CIT GROUP INC US1255818015 CIT 122 USD 7,591 - Stock
0.16% BANKINTER SA ES0113679I37 BKT 842 EUR 7,082 - Stock
0.16% CONCORDIA FINANCIAL GROUP LTD JP3305990008 7186 1,406 JPY 7,254 - Stock
0.16% BANK POLSKA KASA OPIEKI SA PLPEKAO00016 PEO 192 PLN 6,872 - Stock
0.15% JAPAN POST BANK CO LTD JP3946750001 7182 495 JPY 6,482 - Stock
0.14% BANK OF KYOTO LTD/THE JP3251200006 8369 116 JPY 6,106 - Stock
0.14% BENDIGO & ADELAIDE BANK LTD AU000000BEN6 BEN 597 AUD 6,160 - Stock
0.14% SHIZUOKA BANK LTD/THE JP3351200005 8355 626 JPY 6,362 - Stock
0.13% BANK OF IRELAND GROUP PLC IE00BD1RP616 BIRG 1,124 EUR 5,774 - Stock
0.13% NATIXIS SA FR0000120685 KN 1,026 EUR 5,613 - Stock
0.12% BANCO BPM SPA IT0005218380 BAMI 1,857 EUR 5,134 - Stock
0.12% BANK OF EAST ASIA LTD/THE HK0023000190 23 1,605 HKD 5,452 - Stock
0.12% CHIBA BANK LTD/THE JP3511800009 8331 780 JPY 5,509 - Stock
0.12% FUKUOKA FINANCIAL GROUP INC JP3805010000 8354 209 JPY 5,419 - Stock
0.11% MIZRAHI TEFAHOT BANK LTD IL0006954379 MZTF 158 ILS 4,932 - Stock
0.11% RAIFFEISEN BANK INTERNATIONAL AG AT0000606306 RBI 157 EUR 4,887 - Stock
0.10% AOZORA BANK LTD JP3711200000 8304 132 JPY 4,409 - Stock
0.10% BANK OF QUEENSLAND LTD AU000000BOQ8 BOQ 495 AUD 4,295 - Stock
0.10% UNIONE DI BANCHE ITALIANE SPA IT0003487029 UBI 1,175 EUR 4,289 - Stock
0.10% SANTANDER BANK POLSKA SA PLBZ00000044 SPL 40 PLN 4,329 - Stock
0.09% SHINSEI BANK LTD JP3729000004 8303 209 JPY 3,955 - Stock
0.09% MEBUKI FINANCIAL GROUP INC JP3117700009 7167 1,275 JPY 4,172 - Stock
0.08% BANKIA SA ES0113307062 BKIA 1,479 EUR 3,597 - Stock
0.08% JYSKE BANK A/S DK0010307958 JYSK 85 DKK 3,421 - Stock
0.08% AIB GROUP PLC IE00BF0L3536 AIBG 959 EUR 3,555 - Stock
0.07% CYBG PLC GB00BD6GN030 CYBG 1,518 GBP 3,012 - Stock
0.07% BANQUE CANTONALE VAUDOISE CH0015251710 BCVN 3 CHF 2,983 - Stock
0.07% HACHIJUNI BANK LTD/THE JP3769000005 8359 572 JPY 3,047 - Stock
0.06% CHUGOKU BANK LTD/THE JP3521000004 8382 209 JPY 2,527 - Stock
0.06% HIROSHIMA BANK LTD/THE JP3797000001 8379 386 JPY 2,570 - Stock
0.06% IYO BANK LTD/THE JP3149600003 8385 363 JPY 2,491 - Stock
0.06% SEVEN BANK LTD JP3105220002 8410 758 JPY 2,793 - Stock
0.06% YAMAGUCHI FINANCIAL GROUP INC JP3935300008 8418 271 JPY 2,552 - Stock
0.06% KYUSHU FINANCIAL GROUP INC JP3246500007 7180 495 JPY 2,673 - Stock
0.05% GUNMA BANK LTD/THE JP3276400003 8334 495 JPY 2,170 - Stock
0.05% FIRST INTERNATIONAL BANK OF ISRAEL LTD IL0005930388 FIBI 65 ILS 2,220 - Stock
0.04% 77 BANK LTD/THE JP3352000008 8341 86 JPY 1,717 - Stock
0.04% DAISHI HOKUETSU FINANCIAL GROUP INC JP3483850008 7327 49 JPY 1,595 - Stock
0.04% HOKUHOKU FINANCIAL GROUP INC JP3842400008 8377 156 JPY 1,985 - Stock
0.04% KANSAI MIRAI FINANCIAL GROUP INC JP3229500008 7321 221 JPY 1,957 - Stock
0.04% NISHI-NIPPON FINANCIAL HOLDINGS INC JP3658850007 7189 185 JPY 1,644 - Stock
0.04% SHIGA BANK LTD/THE JP3347600003 8366 65 JPY 1,960 - Stock
0.03% AWA BANK LTD/THE JP3126800006 8388 42 JPY 1,193 - Stock
0.03% SAN-IN GODO BANK LTD/THE JP3324000003 8381 187 JPY 1,489 - Stock
0.03% MBANK SA PLBRE0000012 MBK 13 PLN 1,414 - Stock
0.02% DAH SING BANKING GROUP LTD HK2356013600 2356 450 HKD 833 - Stock
0.02% DAH SING FINANCIAL HOLDINGS LTD HK0440001847 440 175 HKD 894 - Stock
0.02% NORTH PACIFIC BANK LTD JP3843400007 8524 341 JPY 944 - Stock
0.01% SVENSKA HANDELSBANKEN AB SE0007100607 SHBB 43 SEK 548 - Stock
0.48% CASH - - 1 CAD 21,316 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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