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Overview

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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Price & Performance

Performance Chart

Growth of 10,000

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

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%
Calendar Performance

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%
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 -0.89% -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%

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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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.

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
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 25, 2020

Stock

100.19%

Cash and Cash Equivalents

-0.19%

Number of Holdings

17

Total Net Assets

$ 148,373,022.00


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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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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