Overview

Fund Profile

Key Facts

Portfolio Strategy

BMO Equal Weight US Banks Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank 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

Solactive Equal Weight US Bank Index consists of the U.S. securities that fall within one of the following Industry groups; Finance, U.S. Banks, U.S. Commercial Banks, or U.S. Commercial Savings Institutions. To be included in the index, each security is subject to minimum market capitalization requirement and liquidity screens. Each security in the Index is allocated an equal weight rather than a market capitalization weight

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to U.S. bank stocks
  • Equal weighted to lessen security specific risk
  • Benefits from U.S. currency appreciation
  • Professionally managed by BMO Global Asset Management

Risk Rating

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Price & Performance

Performance Chart

Growth of 10,000

Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.

Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 32.35 $ 0.35 1.09%
Price (NAV) $ 32.3649 $ 0.3432 1.07%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -2.64% 23.94% 6.22% 7.50% - 10.53%
Index -2.28% 24.45% 6.64% 7.89% - 11.45%
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019 2018 2017 2016 2015 2014
NAV -14.59% 39.40% -7.60% 29.01% -11.44% 10.34% 24.37% 17.14% 15.52%
Index -15.07% 41.04% -7.26% 29.68% -11.35% 10.83% 26.27% 20.68% 16.14%
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

Table for cumulative performance. For period ending
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -14.59% 7.57% -0.36% -16.06% -2.64% 53.60% 19.84% 43.55% - 133.40%
Index -15.07% 7.60% -0.29% -15.92% -2.28% 54.87% 21.28% 46.19% - 150.49%

The ETF started tracking the Solactive Equal Weight US Bank Index on January 29th, 2016. Previously it was tracking the Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market Index.

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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)
Table for distribution history. For period ending
Distribution Period

Future distribution dates may change without any prior notice.

Footnote
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.

Footnote
Total Distribution Per Unit
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.170000 0.000000 0.170000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.170000 0.000000 0.170000
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
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ETF distribution tax table. Showing for year
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.

Footnote
- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Aug 15, 2022

Stock

100.01%

Cash and Cash Equivalents

-0.01%

Number of Holdings

23

Total Net Assets

$ 816,269,679.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 5 columns. Table columns are Weight (%), Name, ISIN, Bloomberg Ticker, Base Market Value
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.67% FIRST CITIZENS BANCSHARES INC/NC US31946M1036 FCNCA 42,105 USD 46,259,867 Financials Stock
5.22% M&T BANK CORP US55261F1049 MTB 173,425 USD 42,583,843 Financials Stock
5.14% GOLDMAN SACHS GROUP INC/THE US38141G1040 GS 91,328 USD 41,944,923 Financials Stock
4.97% FIRST REPUBLIC BANK/CA US33616C1009 FRC 186,192 USD 40,592,946 Financials Stock
4.94% REGIONS FINANCIAL CORP US7591EP1005 RF 1,362,978 USD 40,301,612 Financials Stock
4.86% WESTERN ALLIANCE BANCORP US9576381092 WAL 359,626 USD 39,633,879 Financials Stock
4.75% FIRST HORIZON CORP US3205171057 FHN 1,293,894 USD 38,743,172 Financials Stock
4.72% EAST WEST BANCORP INC US27579R1041 EWBC 389,650 USD 38,492,102 Financials Stock
4.71% CITIGROUP INC US1729674242 C 551,385 USD 38,478,648 Financials Stock
4.61% HUNTINGTON BANCSHARES INC/OH US4461501045 HBAN 2,028,750 USD 37,600,313 Financials Stock
4.59% COMERICA INC US2003401070 CMA 339,199 USD 37,487,717 Financials Stock
4.51% PNC FINANCIAL SERVICES GROUP INC/THE US6934751057 PNC 163,970 USD 36,808,437 Financials Stock
4.49% JPMORGAN CHASE & CO US46625H1005 JPM 231,726 USD 36,624,989 Financials Stock
4.46% WELLS FARGO & CO US9497461015 WFC 616,196 USD 36,384,672 Financials Stock
4.40% US BANCORP US9029733048 USB 567,197 USD 35,929,152 Financials Stock
4.25% TRUIST FINANCIAL CORP US89832Q1094 TFC 522,624 USD 34,684,058 Financials Stock
4.24% BANK OF AMERICA CORP US0605051046 BAC 740,558 USD 34,647,793 Financials Stock
4.14% SVB FINANCIAL GROUP US78486Q1013 SIVB 56,283 USD 33,807,426 Financials Stock
4.01% CITIZENS FINANCIAL GROUP INC US1746101054 CFG 637,090 USD 32,750,624 Financials Stock
4.01% KEYCORP US4932671088 KEY 1,303,095 USD 32,711,779 Financials Stock
4.00% FIFTH THIRD BANCORP US3167731005 FITB 678,705 USD 32,612,386 Financials Stock
3.34% SIGNATURE BANK/NEW YORK NY US82669G1040 SBNY 103,257 USD 27,285,423 Financials Stock
-0.01% CASH - - 1 CAD -95,995 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 1 range. The range is: 100%, Financials.

Geographic Allocation

has a donut chart divided into 1 range. The range is: 100%, United States.

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