Fund Profile
Key Facts
| Fund Ticker | ZID |
|---|---|
| Net Assets (Mn) (Feb 25, 2020) |
$ 148.37 |
| Base Currency | CAD |
| Closing Market Price | $ 27.11 |
| 12-Month Low/High (Market Price) | $ 24.95 / $ 29.64 |
| Closing NAV Price (Feb 25, 2020) |
$ 27.1352 |
| 12-Month Low/High (Price (NAV)) | $ 24.9605 / $ 29.5938 |
| Annualized Distribution Yield (Feb 21, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
0.11% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.73% |
| Market Volume | 27,650 |
| Distribution Frequency | Annually |
| Options Available | No |
| Inception Date | Jan 19, 2010 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 5,468 |
| Index | S&P/BNY Mellon India Select DR Index |
| Market Cap ($Bn) (Jan 31, 2020) |
664.76 |
| Exchange | TSX |
| CUSIP | 05575G108 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
The BMO India Equity Index ETF has been designed to replicate, to the extent possible, the performance of the S&P/BNY Mellon India Select DR Index (Index), net of expenses. The ETF will gain exposure to the broad Indian equity market by holding a basket of Depository Receipts. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
Benchmark Info
The S&P/BNY Mellon India Select DR Index (Index) is comprised of a select group of American and global depositary receipts traded on the New York Stock Exchange (NYSE), NYSE Amex, NASDAQ, and London Stock Exchange which are domiciled in India. The Index weights are rebalanced quarterly.
Fund Benefits
- Designed for investors looking for high growth solutions
- Exposure to large Indian equities through Depository Receipts
- Benefits from local currency appreciation
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (Feb 25, 2020) |
$ 148.37 |
|---|---|
| Market Price | $ 27.11 |
| 12-Month Low/High (Market Price) | $ 24.95 / $ 29.64 |
| Price (NAV) | $ 27.1352 |
| 12-Month Low/High (Price (NAV)) | $ 24.9605 / $ 29.5938 |
| Distribution Frequency | Annually |
Daily Prices
| Unit Price as of (Feb 25, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 27.11 | $ -0.46 | -1.67% |
| Price (NAV) | $ 27.1352 | $ -0.3845 | -1.40% |
Performance
Annualized Performance (%) for period ending: Jan 31, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 8.59% | 5.14% | 15.30% | 7.15% | 8.70% | 6.95% |
| Index | 9.41% | 5.93% | 16.03% | 7.89% | 9.61% | 8.69% |
| Jan 31, 2020 |
Calendar Year Performance (%) for period ending: Jan 31, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -0.89% | 6.98% | 8.85% | 34.30% | -1.78% | 10.49% | 37.27% | 6.62% | 21.66% | -35.40% |
| Index | -0.70% | 7.50% | 9.82% | 34.97% | -1.64% | 11.93% | 38.15% | 7.47% | 25.30% | -39.10% |
| Jan 31, 2020 |
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 | -0.89% | -0.89% | 0.22% | 3.33% | 8.59% | 10.54% | 53.27% | 41.23% | 130.20% | 96.32% |
| Index | -0.70% | -0.70% | 0.62% | 4.25% | 9.41% | 12.21% | 56.20% | 46.20% | 150.32% | 130.76% |
| Jan 31, 2020 |
The ETF started tracking the BNY Mellon India Select DR Index on October 1, 2010 and changed to unhedged as of October 1, 2012. Previously it was tracking the BNY Mellon Index DR Index Hedged to CAD Index.
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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.
| 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 |
|---|---|---|---|---|---|---|
| Dec, 2020 | Dec 29, 2020 | Dec 30, 2020 | Jan 05, 2021 | - | - | - |
| Year to Date | 0.000000 | 0.000000 | 0.000000 |
| 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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Daily Holdings
As of Feb 25, 2020
100.19%
-0.19%
17
$ 148,373,022.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 17.07% | INFOSYS LTD | US4567881085 | INFY | 1,728,936 | USD | 25,327,939 | Information Technology | Stock |
| 13.75% | HDFC BANK LTD | US40415F1012 | HDB | 275,502 | USD | 20,406,814 | Financials | Stock |
| 13.60% | RELIANCE INDUSTRIES LTD | US7594701077 | RIGD | 392,979 | USD | 20,173,429 | Energy | Stock |
| 11.31% | AXIS BANK LTD | US05462W1099 | AXB | 252,565 | USD | 16,781,904 | Financials | Stock |
| 11.23% | ICICI BANK LTD | US45104G1040 | IBN | 869,347 | USD | 16,664,710 | Financials | Stock |
| 10.19% | LARSEN & TOUBRO LTD | USY5217N1183 | LTOD | 670,448 | USD | 15,112,709 | Industrials | Stock |
| 8.09% | STATE BANK OF INDIA | US8565522039 | SBID | 207,504 | USD | 12,008,653 | Financials | Stock |
| 3.33% | MAHINDRA & MAHINDRA LTD | USY541641194 | MHID | 529,632 | USD | 4,945,484 | Consumer Discretionary | Stock |
| 2.49% | WIPRO LTD | US97651M1099 | WIT | 759,144 | USD | 3,693,555 | Information Technology | Stock |
| 1.84% | TATA STEEL LTD | US87656Y4061 | TTST | 360,310 | USD | 2,736,630 | Materials | Stock |
| 1.72% | DR REDDY'S LABORATORIES LTD | US2561352038 | RDY | 45,008 | USD | 2,553,005 | Health Care | Stock |
| 1.54% | WNS HOLDINGS LTD | US92932M1018 | WNS | 24,977 | USD | 2,289,691 | Information Technology | Stock |
| 1.50% | VEDANTA LTD | US92242Y1001 | VEDL | 231,539 | USD | 2,228,446 | Materials | Stock |
| 1.42% | GAIL INDIA LTD | US36268T2069 | GAID | 166,494 | USD | 2,101,269 | Utilities | Stock |
| 1.08% | TATA MOTORS LTD | US8765685024 | TTM | 119,588 | USD | 1,599,282 | Consumer Discretionary | Stock |
| 0.03% | DISH TV INDIA LTD | US25471A4013 | DTVL | 225,075 | USD | 37,999 | Communication Services | Stock |
| -0.19% | CASH | - | - | 1 | CAD | -288,485 | - | Cash and Cash Equivalents |
The ETF started tracking the BNY Mellon India Select DR Index on October 1, 2010 and changed to unhedged as of October 1, 2012. Previously it was tracking the BNY Mellon Index DR Index Hedged to CAD Index.