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Overview

Fund Profile

Key Facts

Fund Ticker ZEQ
Net Assets (Mn)
(Sep 18, 2020)
$ 297.27
Base Currency CAD
Closing Market Price $ 23.68
12-Month Low/High (Market Price) $ 17.75 / $ 25.05
Closing NAV Price
(Sep 18, 2020)
$ 23.7265
12-Month Low/High (Price (NAV)) $ 17.9332 / $ 25.0017
Annualized Distribution Yield
(Sep 11, 2020)

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

2.05%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.40%
Management Expense Ratio 0.45%
Market Volume 30,162
Distribution Frequency Quarterly
Options Available Yes
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 12,529
Index MSCI Europe Quality 100% Hedged to CAD Index
Market Cap ($Bn)
(Aug 31, 2020)
6,323.11
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)
(Sep 18, 2020)
$ 297.27
Market Price $ 23.68
12-Month Low/High (Market Price) $ 17.75 / $ 25.05
Price (NAV) $ 23.7265
12-Month Low/High (Price (NAV)) $ 17.9332 / $ 25.0017
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2020)
1 Day Change 1 Day % Change
Market Price $ 23.68 $ -0.14 -0.59%
Price (NAV) $ 23.7265 $ -0.0796 -0.33%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 5.29% 7.79% 7.75% 9.08% - 9.15%
Index 5.75% 8.33% 8.33% 9.61% - 9.81%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014
NAV -2.45% 32.88% -6.48% 14.79% 5.80% 9.68% 9.99%
Index -2.28% 33.55% -6.12% 15.61% 6.15% 10.26% 11.44%
Cumulative Performance

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

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -2.45% 2.66% 2.92% 4.22% 5.29% 16.20% 25.10% 54.44% - 77.60%
Index -2.28% 3.13% 3.55% 5.24% 5.75% 17.35% 27.14% 58.23% - 84.76%

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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, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.120000 0.000000 0.120000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.120000 0.000000 0.120000
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 Sep 18, 2020

Stock

98.92%

Cash and Cash Equivalents

1.08%

Number of Holdings

124

Total Net Assets

$ 297,268,692.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.91% ASML HOLDING NV NL0010273215 ASML 30,356 EUR 14,608,092 Information Technology Stock
4.63% NESTLE SA CH0038863350 NESN 87,518 CHF 13,751,256 Consumer Staples Stock
4.51% NOVARTIS AG CH0012005267 NOVN 111,440 CHF 13,392,694 Health Care Stock
4.49% NOVO NORDISK A/S DK0060534915 NOVOB 145,570 DKK 13,347,420 Health Care Stock
4.43% ROCHE HOLDING AG CH0012032048 ROG 26,499 CHF 13,175,013 Health Care Stock
3.93% LVMH MOET HENNESSY LOUIS VUITTON SE FR0000121014 MC 18,057 EUR 11,681,247 Consumer Discretionary Stock
3.17% GLAXOSMITHKLINE PLC GB0009252882 GSK 363,658 GBP 9,408,811 Health Care Stock
3.13% UNILEVER NV NL0000388619 UNA 116,986 EUR 9,313,681 Consumer Staples Stock
2.96% DIAGEO PLC GB0002374006 DGE 201,470 GBP 8,805,815 Consumer Staples Stock
2.57% UNILEVER PLC GB00B10RZP78 ULVR 94,551 GBP 7,635,064 Consumer Staples Stock
2.47% RIO TINTO PLC GB0007188757 RIO 86,386 GBP 7,354,697 Materials Stock
2.29% L'OREAL SA FR0000120321 OR 15,746 EUR 6,809,323 Consumer Staples Stock
2.14% ADIDAS AG DE000A1EWWW0 ADS 14,544 EUR 6,361,031 Consumer Discretionary Stock
2.04% RECKITT BENCKISER GROUP PLC GB00B24CGK77 RB/ 47,934 GBP 6,073,539 Consumer Staples Stock
1.44% KERING SA FR0000121485 KER 4,665 EUR 4,285,556 Consumer Discretionary Stock
1.39% RELX PLC GB00B2B0DG97 REL 134,992 GBP 4,142,592 Industrials Stock
1.35% AIRBUS SE NL0000235190 AIR 37,438 EUR 4,012,884 Industrials Stock
1.22% ATLAS COPCO AB SE0011166610 ATCOA 56,443 SEK 3,616,514 Industrials Stock
1.18% EXPERIAN PLC GB00B19NLV48 EXPN 65,872 GBP 3,508,168 Industrials Stock
1.18% PROSUS NV NL0013654783 PRX 28,573 EUR 3,516,402 Consumer Discretionary Stock
1.15% KONE OYJ FI0009013403 KNEBV 30,050 EUR 3,429,824 Industrials Stock
1.15% PRUDENTIAL PLC GB0007099541 PRU 172,137 GBP 3,431,922 Financials Stock
1.08% GIVAUDAN SA CH0010645932 GIVN 542 CHF 3,198,194 Materials Stock
1.08% INDUSTRIA DE DISENO TEXTIL SA ES0148396007 ITX 82,618 EUR 3,208,527 Consumer Discretionary Stock
1.08% LONDON STOCK EXCHANGE GROUP PLC GB00B0SWJX34 LSE 21,093 GBP 3,222,266 Financials Stock
1.04% COMPASS GROUP PLC GB00BD6K4575 CPG 143,703 GBP 3,078,970 Consumer Discretionary Stock
0.99% ADYEN NV NL0012969182 ADYEN 1,236 EUR 2,932,218 Information Technology Stock
0.97% HERMES INTERNATIONAL FR0000052292 RMS 2,480 EUR 2,884,699 Consumer Discretionary Stock
0.96% VESTAS WIND SYSTEMS A/S DK0010268606 VWS 14,037 DKK 2,867,933 Industrials Stock
0.94% FERRARI NV NL0011585146 RACE 11,230 EUR 2,791,614 Consumer Discretionary Stock
0.89% AMADEUS IT GROUP SA ES0109067019 AMS 32,958 EUR 2,631,626 Information Technology Stock
0.89% COLOPLAST A/S DK0060448595 COLOB 12,606 DKK 2,651,115 Health Care Stock
0.89% NESTE OYJ FI0009013296 NESTE 34,759 EUR 2,638,983 Energy Stock
0.86% VOLVO AB SE0000115446 VOLVB 98,868 SEK 2,544,936 Industrials Stock
0.85% GEBERIT AG CH0030170408 GEBN 3,306 CHF 2,526,475 Industrials Stock
0.81% FERGUSON PLC JE00BJVNSS43 FERG 18,883 GBP 2,404,810 Industrials Stock
0.76% BAE SYSTEMS PLC GB0002634946 BA/ 250,957 GBP 2,260,718 Industrials Stock
0.76% PARTNERS GROUP HOLDING AG CH0024608827 PGHN 1,823 CHF 2,252,676 Financials Stock
0.75% WOLTERS KLUWER NV NL0000395903 WKL 19,569 EUR 2,228,294 Industrials Stock
0.71% SANDVIK AB SE0000667891 SAND 75,877 SEK 2,098,716 Industrials Stock
0.71% GENMAB A/S DK0010272202 GMAB 4,116 DKK 2,103,984 Health Care Stock
0.68% ASSA ABLOY AB SE0007100581 ASSAB 62,294 SEK 2,025,794 Industrials Stock
0.63% ATLAS COPCO AB SE0011166628 ATCOB 32,802 SEK 1,859,831 Industrials Stock
0.60% SGS SA CH0002497458 SGSN 506 CHF 1,790,772 Industrials Stock
0.59% LEGRAND SA FR0010307819 LR 15,890 EUR 1,739,868 Industrials Stock
0.54% IMPERIAL BRANDS PLC GB0004544929 IMB 68,384 GBP 1,609,019 Consumer Staples Stock
0.52% INTERTEK GROUP PLC GB0031638363 ITRK 14,040 GBP 1,531,891 Industrials Stock
0.51% NOVOZYMES A/S DK0060336014 NZYMB 17,557 DKK 1,522,818 Materials Stock
0.51% SMITH & NEPHEW PLC GB0009223206 SN/ 57,483 GBP 1,505,382 Health Care Stock
0.50% CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA FR0000121261 ML 10,039 EUR 1,477,307 Consumer Discretionary Stock
0.50% HENKEL AG & CO KGAA PFD DE0006048432 - 10,517 EUR 1,473,876 Consumer Staples Stock
0.49% HENNES & MAURITZ AB SE0000106270 HMB 61,723 SEK 1,466,683 Consumer Discretionary Stock
0.43% SONOVA HOLDING AG CH0012549785 SOON 4,026 CHF 1,284,413 Health Care Stock
0.42% CHR HANSEN HOLDING A/S DK0060227585 CHR 8,349 DKK 1,253,135 Materials Stock
0.40% RENTOKIL INITIAL PLC GB00B082RF11 RTO 124,415 GBP 1,180,769 Industrials Stock
0.40% EVOLUTION GAMING GROUP AB SE0012673267 EVO 13,484 SEK 1,203,882 Consumer Discretionary Stock
0.40% LOGITECH INTERNATIONAL SA CH0025751329 LOGN 12,671 CHF 1,182,192 Information Technology Stock
0.39% KINGSPAN GROUP PLC IE0004927939 KSP 10,160 EUR 1,169,873 Industrials Stock
0.39% KUEHNE & NAGEL INTERNATIONAL AG CH0025238863 KNIN 4,500 CHF 1,154,877 Industrials Stock
0.39% SCHINDLER HOLDING AG CH0024638196 SCHP 3,131 CHF 1,161,600 Industrials Stock
0.38% PERSIMMON PLC GB0006825383 PSN 26,401 GBP 1,120,741 Consumer Discretionary Stock
0.36% CRODA INTERNATIONAL PLC GB00BJFFLV09 CRDA 9,961 GBP 1,066,362 Materials Stock
0.36% HALMA PLC GB0004052071 HLMA 27,467 GBP 1,062,775 Information Technology Stock
0.35% BT GROUP PLC GB0030913577 BT/A 551,108 GBP 1,027,277 Communication Services Stock
0.34% 3I GROUP PLC GB00B1YW4409 III 60,793 GBP 1,020,292 Financials Stock
0.34% HARGREAVES LANSDOWN PLC GB00B1VZ0M25 HL/ 36,214 GBP 1,012,373 Financials Stock
0.34% PEUGEOT SA FR0000121501 UG 42,280 EUR 1,014,833 Consumer Discretionary Stock
0.33% EPIROC AB SE0011166933 EPIA 51,532 SEK 995,659 Industrials Stock
0.33% SPIRAX-SARCO ENGINEERING PLC GB00BWFGQN14 SPX 5,361 GBP 972,433 Industrials Stock
0.33% GN STORE NORD A/S DK0010272632 GN 9,398 DKK 971,212 Health Care Stock
0.32% BEIERSDORF AG DE0005200000 BEI 6,380 EUR 953,553 Consumer Staples Stock
0.32% EMS-CHEMIE HOLDING AG CH0016440353 EMSN 755 CHF 941,996 Materials Stock
0.32% SAGE GROUP PLC/THE GB00B8C3BL03 SGE 75,664 GBP 938,861 Information Technology Stock
0.32% SARTORIUS STEDIM BIOTECH FR0013154002 DIM 2,040 EUR 956,332 Health Care Stock
0.31% BUNZL PLC GB00B0744B38 BNZL 22,317 GBP 932,698 Industrials Stock
0.31% BURBERRY GROUP PLC GB0031743007 BRBY 34,739 GBP 932,731 Consumer Discretionary Stock
0.31% TEMENOS AG CH0012453913 TEMN 4,681 CHF 912,259 Information Technology Stock
0.30% ADMIRAL GROUP PLC GB00B02J6398 ADM 18,480 GBP 887,972 Financials Stock
0.30% MONDI PLC GB00B1CRLC47 MNDI 33,562 GBP 904,742 Materials Stock
0.29% MTU AERO ENGINES AG DE000A0D9PT0 MTX 3,637 EUR 876,815 Industrials Stock
0.28% FINECOBANK BANCA FINECO SPA IT0000072170 FBK 44,645 EUR 826,411 Financials Stock
0.28% STRAUMANN HOLDING AG CH0012280076 STMN 624 CHF 846,059 Health Care Stock
0.27% ADECCO GROUP AG CH0012138605 ADEN 10,665 CHF 800,061 Industrials Stock
0.27% ELISA OYJ FI0009007884 ELISA 10,039 EUR 793,170 Communication Services Stock
0.27% MONCLER SPA IT0004965148 MONC 13,984 EUR 798,436 Consumer Discretionary Stock
0.27% PANDORA A/S DK0060252690 PNDORA 7,966 DKK 794,670 Consumer Discretionary Stock
0.27% AENA SME SA ES0105046009 AENA 4,328 EUR 805,341 Industrials Stock
0.25% CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG CH0010570767 LISP 66 CHF 748,223 Consumer Staples Stock
0.25% HENKEL AG & CO KGAA DE0006048408 HEN 6,190 EUR 749,651 Consumer Staples Stock
0.24% ASSOCIATED BRITISH FOODS PLC GB0006731235 ABF 22,087 GBP 719,483 Consumer Staples Stock
0.24% CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG CH0010570759 LISN 6 CHF 720,898 Consumer Staples Stock
0.23% BOLIDEN AB SE0012455673 BOL 16,489 SEK 684,638 Materials Stock
0.23% THALES SA FR0000121329 HO 6,666 EUR 680,633 Industrials Stock
0.22% SKF AB SE0000108227 SKFB 23,550 SEK 666,258 Industrials Stock
0.21% ALFA LAVAL AB SE0000695876 ALFA 20,152 SEK 635,358 Industrials Stock
0.21% BERKELEY GROUP HOLDINGS PLC GB00B02L3W35 BKG 8,365 GBP 635,240 Consumer Discretionary Stock
0.21% KNORR-BREMSE AG DE000KBX1006 KBX 3,891 EUR 622,748 Industrials Stock
0.21% SIEMENS HEALTHINEERS AG DE000SHL1006 SHL 10,160 EUR 610,457 Health Care Stock
0.21% SKANSKA AB SE0000113250 SKAB 22,181 SEK 633,110 Industrials Stock
0.21% SMITHS GROUP PLC GB00B1WY2338 SMIN 25,589 GBP 629,988 Industrials Stock
0.20% RECORDATI SPA IT0003828271 REC 8,353 EUR 586,770 Health Care Stock
0.19% BARRATT DEVELOPMENTS PLC GB0000811801 BDEV 69,815 GBP 563,900 Consumer Discretionary Stock
0.19% EPIROC AB SE0011166941 EPIB 30,494 SEK 577,413 Industrials Stock
0.19% SCHINDLER HOLDING AG CH0024638212 SCHN 1,547 CHF 566,714 Industrials Stock
0.19% M&G PLC GB00BKFB1C65 MNG 213,653 GBP 572,475 Financials Stock
0.18% ORION OYJ FI0009014377 ORNBV 8,666 EUR 539,634 Health Care Stock
0.18% RANDSTAD NV NL0000379121 RAND 7,517 EUR 537,387 Industrials Stock
0.18% ST JAMES'S PLACE PLC GB0007669376 STJ 32,381 GBP 540,707 Financials Stock
0.17% JOHNSON MATTHEY PLC GB00BZ4BQC70 JMAT 11,941 GBP 504,113 Materials Stock
0.17% NEMETSCHEK SE DE0006452907 NEM 5,060 EUR 517,239 Information Technology Stock
0.16% JD SPORTS FASHION PLC GB00BYX91H57 JD/ 35,625 GBP 476,517 Consumer Discretionary Stock
0.15% DIRECT LINE INSURANCE GROUP PLC GB00BY9D0Y18 DLG 83,725 GBP 437,436 Financials Stock
0.15% GJENSIDIGE FORSIKRING ASA NO0010582521 GJF 15,384 NOK 453,321 Financials Stock
0.15% TAYLOR WIMPEY PLC GB0008782301 TW/ 242,281 GBP 433,941 Consumer Discretionary Stock
0.15% DIASORIN SPA IT0003492391 DIA 1,754 EUR 458,887 Health Care Stock
0.14% HIKMA PHARMACEUTICALS PLC GB00B0LCW083 HIK 9,438 GBP 425,835 Health Care Stock
0.13% SCHRODERS PLC GB0002405495 SDR 7,952 GBP 386,147 Financials Stock
0.12% IPSEN SA FR0010259150 IPN 2,538 EUR 368,471 Health Care Stock
0.11% COLRUYT SA BE0974256852 COLR 3,969 EUR 339,553 Consumer Staples Stock
0.11% TRYG A/S DK0060636678 TRYG 7,712 DKK 317,598 Financials Stock
0.10% FUCHS PETROLUB SE PFD DE0005790430 - 4,626 EUR 298,651 Materials Stock
0.10% INVESTMENT AB LATOUR SE0010100958 LATOB 9,557 SEK 294,749 Industrials Stock
0.06% HOCHTIEF AG DE0006070006 HOT 1,516 EUR 165,761 Industrials Stock
1.08% CASH - - 1 CAD 3,220,435 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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