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Overview

Fund Profile

Key Facts

Fund Ticker ZEQ
Net Assets (Mn)
(Feb 14, 2020)
$ 270.55
Base Currency CAD
Closing Market Price $ 24.75
12-Month Low/High (Market Price) $ 19.99 / $ 24.95
Closing NAV Price
(Feb 14, 2020)
$ 24.7556
12-Month Low/High (Price (NAV)) $ 20.0236 / $ 24.8878
Annualized Distribution Yield
(Feb 07, 2020)

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

1.71%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.40%
Management Expense Ratio 0.45%
Market Volume 26,665
Distribution Frequency Quarterly
Options Available Yes
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 10,929
Index MSCI Europe Quality 100% Hedged to CAD Index
Market Cap ($Bn)
(Jan 31, 2020)
6,250.93
Exchange TSX
CUSIP 05579B105
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO MSCI Europe High Quality Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the MSCI Europe Quality 100% Hedged to CAD Index, net of expenses. The Fund invests in European equity markets, while screening for high return on equity (ROE), stable year-over-year earnings growth and low financial leverage. The Fund may also invest in or hold securities intended to replicate the performance of the Index. The foreign currency exposure is hedged back to the Canadian dollar.

Benchmark Info

MSCI Europe Quality 100% Hedged to CAD Index (“Index”) is based on the MSCI Europe Index, its parent index, which includes large and mid cap stocks across the Developed Markets (DM) countries in Europe. The Index aims to capture the performance of quality growth stocks by identifying stocks with high quality scores based on three main fundamental variables: high return on equity (ROE), stable year-over-year earnings growth and low financial leverage. All securities eligible for inclusion in the Index are weighted by the product of their market cap weight in the parent index and their quality score. Issuer weights are capped at 5%. The Index is rebalanced semi-annually, as of the close of the last business day of November and May.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to high quality European equities
  • Currency is hedged to mitigate currency impacts
  • 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)
(Feb 14, 2020)
$ 270.55
Market Price $ 24.75
12-Month Low/High (Market Price) $ 19.99 / $ 24.95
Price (NAV) $ 24.7556
12-Month Low/High (Price (NAV)) $ 20.0236 / $ 24.8878
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Feb 14, 2020)
1 Day Change 1 Day % Change
Market Price $ 24.75 $ -0.06 -0.24%
Price (NAV) $ 24.7556 $ -0.0170 -0.07%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 26.13% 11.61% 12.32% 9.57% - 10.52%
Index 27.21% 12.34% 13.15% 10.22% - 11.26%
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018 2017 2016 2015 2014
NAV -0.18% 32.88% -6.48% 14.79% 5.80% 9.68% 9.99%
Index 0.05% 33.55% -6.12% 15.61% 6.15% 10.26% 11.44%
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -0.18% -0.18% 4.59% 8.48% 26.13% 24.56% 41.69% 57.96% - 81.74%
Index 0.05% 0.05% 5.04% 8.62% 27.21% 26.21% 44.87% 62.64% - 89.17%

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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.

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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, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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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 Feb 13, 2020

Stock

98.61%

Cash and Cash Equivalents

1.39%

Number of Holdings

126

Total Net Assets

$ 270,553,843.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.44% ROCHE HOLDING AG CH0012032048 ROG 31,570 CHF 14,730,865 Health Care Stock
5.04% NOVARTIS AG CH0012005267 NOVN 105,209 CHF 13,648,307 Health Care Stock
5.03% NOVO NORDISK A/S DK0060534915 NOVOB 163,983 DKK 13,607,483 Health Care Stock
4.70% NESTLE SA CH0038863350 NESN 89,657 CHF 12,726,748 Consumer Staples Stock
4.45% ASTRAZENECA PLC GB0009895292 AZN 91,808 GBP 12,058,014 Health Care Stock
3.89% ASML HOLDING NV NL0010273215 ASML 25,135 EUR 10,536,417 Information Technology Stock
3.81% LVMH MOET HENNESSY LOUIS VUITTON SE FR0000121014 MC 17,038 EUR 10,318,549 Consumer Discretionary Stock
3.24% DIAGEO PLC GB0002374006 DGE 164,794 GBP 8,769,506 Consumer Staples Stock
2.97% UNILEVER NV NL0000388619 UNA 102,129 EUR 8,046,698 Consumer Staples Stock
2.78% AIRBUS SE NL0000235190 AIR 39,380 EUR 7,513,436 Industrials Stock
2.30% UNILEVER PLC GB00B10RZP78 ULVR 77,928 GBP 6,233,913 Consumer Staples Stock
2.09% L'OREAL SA FR0000120321 OR 14,455 EUR 5,647,710 Consumer Staples Stock
1.99% ADIDAS AG DE000A1EWWW0 ADS 13,033 EUR 5,385,473 Consumer Discretionary Stock
1.88% RIO TINTO PLC GB0007188757 RIO 70,225 GBP 5,103,322 Materials Stock
1.62% RELX PLC GB00B2B0DG97 REL 122,573 GBP 4,393,614 Industrials Stock
1.48% COMPASS GROUP PLC GB00BD6K4575 CPG 119,265 GBP 4,018,394 Consumer Discretionary Stock
1.48% KERING SA FR0000121485 KER 4,663 EUR 3,995,034 Consumer Discretionary Stock
1.36% INDUSTRIA DE DISENO TEXTIL SA ES0148396007 ITX 82,220 EUR 3,692,929 Consumer Discretionary Stock
1.11% PROSUS NV NL0013654783 PRX 29,013 EUR 3,011,469 Consumer Discretionary Stock
1.10% AMADEUS IT GROUP SA ES0109067019 AMS 28,233 EUR 2,965,539 Information Technology Stock
1.05% ATLAS COPCO AB SE0011166610 ATCOA 55,037 SEK 2,837,664 Industrials Stock
0.97% EXPERIAN PLC GB00B19NLV48 EXPN 54,260 GBP 2,637,582 Industrials Stock
0.93% LONDON STOCK EXCHANGE GROUP PLC GB00B0SWJX34 LSE 17,702 GBP 2,518,613 Financials Stock
0.88% BAE SYSTEMS PLC GB0002634946 BA/ 208,415 GBP 2,385,575 Industrials Stock
0.87% HERMES INTERNATIONAL FR0000052292 RMS 2,313 EUR 2,363,311 Consumer Discretionary Stock
0.84% GIVAUDAN SA CH0010645932 GIVN 511 CHF 2,286,228 Materials Stock
0.84% KONE OYJ FI0009013403 KNEBV 27,601 EUR 2,278,941 Industrials Stock
0.80% IMPERIAL BRANDS PLC GB0004544929 IMB 67,249 GBP 2,163,649 Consumer Staples Stock
0.78% FERRARI NV NL0011585146 RACE 9,301 EUR 2,120,038 Consumer Discretionary Stock
0.78% GEBERIT AG CH0030170408 GEBN 2,950 CHF 2,102,194 Industrials Stock
0.78% INFINEON TECHNOLOGIES AG DE0006231004 IFX 64,214 EUR 2,107,977 Information Technology Stock
0.78% PARTNERS GROUP HOLDING AG CH0024608827 PGHN 1,647 CHF 2,099,429 Financials Stock
0.77% DSV PANALPINA A/S DK0060079531 DSV 14,053 DKK 2,088,379 Industrials Stock
0.75% FERGUSON PLC JE00BJVNSS43 FERG 15,603 GBP 2,038,475 Industrials Stock
0.72% COLOPLAST A/S DK0060448595 COLOB 10,851 DKK 1,962,768 Health Care Stock
0.68% ASSA ABLOY AB SE0007100581 ASSAB 55,675 SEK 1,843,113 Industrials Stock
0.66% LEGAL & GENERAL GROUP PLC GB0005603997 LGEN 333,678 GBP 1,794,742 Financials Stock
0.62% SMITH & NEPHEW PLC GB0009223206 SN/ 52,676 GBP 1,665,141 Health Care Stock
0.60% WOLTERS KLUWER NV NL0000395903 WKL 16,264 EUR 1,635,138 Industrials Stock
0.59% LEGRAND SA FR0010307819 LR 14,454 EUR 1,591,300 Industrials Stock
0.57% SANDVIK AB SE0000667891 SAND 60,076 SEK 1,531,213 Industrials Stock
0.55% KERRY GROUP PLC IE0004906560 KYG 9,051 EUR 1,501,193 Consumer Staples Stock
0.54% ATLAS COPCO AB SE0011166628 ATCOB 32,081 SEK 1,456,210 Industrials Stock
0.54% HENNES & MAURITZ AB SE0000106270 HMB 53,092 SEK 1,472,186 Consumer Discretionary Stock
0.54% SGS SA CH0002497458 SGSN 408 CHF 1,453,597 Industrials Stock
0.54% VESTAS WIND SYSTEMS A/S DK0010268606 VWS 10,883 DKK 1,449,276 Industrials Stock
0.52% SAMPO OYJ FI0009003305 SAMPO 23,756 EUR 1,413,739 Financials Stock
0.51% CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA FR0000121261 ML 8,740 EUR 1,367,439 Consumer Discretionary Stock
0.51% PERSIMMON PLC GB0006825383 PSN 25,337 GBP 1,393,358 Consumer Discretionary Stock
0.51% WIRECARD AG DE0007472060 WDI 6,663 EUR 1,377,048 Information Technology Stock
0.48% HENKEL AG & CO KGAA PFD DE0006048432 - 9,636 EUR 1,291,861 Consumer Staples Stock
0.47% ASHTEAD GROUP PLC GB0000536739 AHT 27,740 GBP 1,281,772 Industrials Stock
0.47% UPM-KYMMENE OYJ FI0009005987 UPM 29,532 EUR 1,274,167 Materials Stock
0.46% INTERTEK GROUP PLC GB0031638363 ITRK 12,180 GBP 1,238,098 Industrials Stock
0.46% MTU AERO ENGINES AG DE000A0D9PT0 MTX 3,166 EUR 1,255,119 Industrials Stock
0.44% BT GROUP PLC GB0030913577 BT/A 450,735 GBP 1,192,681 Communication Services Stock
0.43% NOVOZYMES A/S DK0060336014 NZYMB 16,020 DKK 1,165,196 Materials Stock
0.43% SONOVA HOLDING AG CH0012549785 SOON 3,399 CHF 1,161,188 Health Care Stock
0.40% 3I GROUP PLC GB00B1YW4409 III 53,353 GBP 1,071,744 Financials Stock
0.40% NEXT PLC GB0032089863 NXT 8,977 GBP 1,083,465 Consumer Discretionary Stock
0.39% KUEHNE & NAGEL INTERNATIONAL AG CH0025238863 KNIN 4,886 CHF 1,044,450 Industrials Stock
0.36% BURBERRY GROUP PLC GB0031743007 BRBY 28,179 GBP 986,413 Consumer Discretionary Stock
0.36% SCHINDLER HOLDING AG CH0024638196 SCHP 2,854 CHF 961,895 Industrials Stock
0.35% CONTINENTAL AG DE0005439004 CON 5,962 EUR 951,774 Consumer Discretionary Stock
0.35% SAGE GROUP PLC/THE GB00B8C3BL03 SGE 70,099 GBP 950,481 Information Technology Stock
0.35% M&G PLC GB00BKFB1C65 MNG 224,017 GBP 957,867 Financials Stock
0.34% HALMA PLC GB0004052071 HLMA 23,896 GBP 908,552 Information Technology Stock
0.34% MONDI PLC GB00B1CRLC47 MNDI 31,824 GBP 918,175 Materials Stock
0.34% RENTOKIL INITIAL PLC GB00B082RF11 RTO 108,853 GBP 921,241 Industrials Stock
0.33% BARRATT DEVELOPMENTS PLC GB0000811801 BDEV 59,930 GBP 890,399 Consumer Discretionary Stock
0.33% THALES SA FR0000121329 HO 6,454 EUR 891,434 Industrials Stock
0.32% ASSOCIATED BRITISH FOODS PLC GB0006731235 ABF 19,061 GBP 867,924 Consumer Staples Stock
0.32% BEIERSDORF AG DE0005200000 BEI 5,618 EUR 853,569 Consumer Staples Stock
0.32% TAYLOR WIMPEY PLC GB0008782301 TW/ 218,583 GBP 861,999 Consumer Discretionary Stock
0.32% TEMENOS AG CH0012453913 TEMN 3,864 CHF 866,034 Information Technology Stock
0.30% ADYEN NV NL0012969182 ADYEN 656 EUR 820,904 Information Technology Stock
0.30% CRODA INTERNATIONAL PLC GB00BJFFLV09 CRDA 9,096 GBP 800,925 Materials Stock
0.30% MONCLER SPA IT0004965148 MONC 14,764 EUR 819,826 Consumer Discretionary Stock
0.29% EPIROC AB SE0011166933 EPIA 48,601 SEK 793,308 Industrials Stock
0.29% HARGREAVES LANSDOWN PLC GB00B1VZ0M25 HL/ 26,834 GBP 776,380 Financials Stock
0.28% ADECCO GROUP AG CH0012138605 ADEN 9,677 CHF 765,046 Industrials Stock
0.28% SPIRAX-SARCO ENGINEERING PLC GB00BWFGQN14 SPX 4,701 GBP 756,255 Industrials Stock
0.27% CHR HANSEN HOLDING A/S DK0060227585 CHR 7,283 DKK 735,898 Materials Stock
0.27% ELISA OYJ FI0009007884 ELISA 9,141 EUR 737,219 Communication Services Stock
0.27% KINGSPAN GROUP PLC IE0004927939 KSP 8,603 EUR 738,577 Industrials Stock
0.27% STRAUMANN HOLDING AG CH0012280076 STMN 564 CHF 738,055 Health Care Stock
0.26% BERKELEY GROUP HOLDINGS PLC GB00B02L3W35 BKG 7,694 GBP 711,736 Consumer Discretionary Stock
0.26% BUNZL PLC GB00B0744B38 BNZL 21,029 GBP 707,878 Industrials Stock
0.25% HENKEL AG & CO KGAA DE0006048408 HEN 5,680 EUR 679,580 Consumer Staples Stock
0.25% ITV PLC GB0033986497 ITV 290,711 GBP 669,938 Communication Services Stock
0.25% SKANSKA AB SE0000113250 SKAB 20,797 SEK 677,729 Industrials Stock
0.25% ST JAMES'S PLACE PLC GB0007669376 STJ 32,456 GBP 664,801 Financials Stock
0.24% ADMIRAL GROUP PLC GB00B02J6398 ADM 16,293 GBP 652,385 Financials Stock
0.24% CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG CH0010570767 LISP 57 CHF 639,628 Consumer Staples Stock
0.23% ALFA LAVAL AB SE0000695876 ALFA 17,716 SEK 622,242 Industrials Stock
0.23% CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG CH0010570759 LISN 5 CHF 612,540 Consumer Staples Stock
0.23% COCA-COLA HBC AG CH0198251305 CCH 12,631 GBP 629,938 Consumer Staples Stock
0.22% FINECOBANK BANCA FINECO SPA IT0000072170 FBK 37,352 EUR 586,122 Financials Stock
0.22% SKF AB SE0000108227 SKFB 22,884 SEK 604,896 Industrials Stock
0.21% EMS-CHEMIE HOLDING AG CH0016440353 EMSN 629 CHF 556,443 Materials Stock
0.21% KNORR-BREMSE AG DE000KBX1006 KBX 4,004 EUR 567,529 Industrials Stock
0.20% COVESTRO AG DE0006062144 1COV 9,575 EUR 535,383 Materials Stock
0.20% RANDSTAD NV NL0000379121 RAND 7,019 EUR 553,699 Industrials Stock
0.20% SIEMENS HEALTHINEERS AG DE000SHL1006 SHL 9,266 EUR 533,638 Health Care Stock
0.19% JOHNSON MATTHEY PLC GB00BZ4BQC70 JMAT 10,882 GBP 503,309 Materials Stock
0.19% PANDORA A/S DK0060252690 PNDORA 7,987 DKK 522,237 Consumer Discretionary Stock
0.18% BOLIDEN AB SE0012455673 BOL 15,596 SEK 478,210 Materials Stock
0.18% JD SPORTS FASHION PLC GB00BYX91H57 JD/ 31,894 GBP 478,746 Consumer Discretionary Stock
0.17% DIRECT LINE INSURANCE GROUP PLC GB00BY9D0Y18 DLG 78,287 GBP 467,558 Financials Stock
0.17% EPIROC AB SE0011166941 EPIB 29,145 SEK 466,537 Industrials Stock
0.17% SARTORIUS STEDIM BIOTECH FR0013154002 DIM 1,788 EUR 462,467 Health Care Stock
0.17% SCHINDLER HOLDING AG CH0024638212 SCHN 1,429 CHF 466,588 Industrials Stock
0.16% ORION OYJ FI0009014377 ORNBV 7,517 EUR 422,364 Health Care Stock
0.16% RECORDATI SPA IT0003828271 REC 7,318 EUR 431,173 Health Care Stock
0.15% GJENSIDIGE FORSIKRING ASA NO0010582521 GJF 14,174 NOK 419,593 Financials Stock
0.15% WARTSILA OYJ ABP FI0009003727 WRT1V 25,552 EUR 410,176 Industrials Stock
0.15% TUI AG DE000TUAG000 TUI 25,364 GBP 395,819 Consumer Discretionary Stock
0.13% JERONIMO MARTINS SGPS SA PTJMT0AE0001 JMT 15,197 EUR 363,644 Consumer Staples Stock
0.11% NOKIAN RENKAAT OYJ FI0009005318 TYRES 7,747 EUR 301,843 Consumer Discretionary Stock
0.10% DEMANT A/S DK0060738599 DEMANT 6,186 DKK 272,167 Health Care Stock
0.10% FAURECIA SE FR0000121147 EO 4,105 EUR 262,964 Consumer Discretionary Stock
0.10% FUCHS PETROLUB SE PFD DE0005790430 - 4,433 EUR 272,143 Materials Stock
0.09% COLRUYT SA BE0974256852 COLR 3,515 EUR 231,881 Consumer Staples Stock
0.09% HOCHTIEF AG DE0006070006 HOT 1,496 EUR 240,328 Industrials Stock
0.09% IPSEN SA FR0010259150 IPN 2,483 EUR 233,926 Health Care Stock
1.39% CASH - - 1 CAD 3,761,608 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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