Fund Profile
Key Facts
| Fund Ticker | ZMT |
|---|---|
| Net Assets (Mn) (Feb 25, 2020) |
$ 26.96 |
| Base Currency | CAD |
| Closing Market Price | $ 36.95 |
| 12-Month Low/High (Market Price) | $ 36.60 / $ 48.68 |
| Closing NAV Price (Feb 25, 2020) |
$ 36.6300 |
| 12-Month Low/High (Price (NAV)) | $ 36.5724 / $ 48.6760 |
| 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. |
2.63% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.55% |
| Management Expense Ratio | 0.62% |
| Market Volume | 979 |
| Distribution Frequency | Annually |
| Options Available | No |
| Inception Date | Oct 20, 2009 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 736 |
| Index | Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged |
| Market Cap ($Bn) (Jan 31, 2020) |
596.84 |
| Exchange | TSX |
| CUSIP | 05584E201 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Equal Weight Global Base Metals Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index. The Fund invests in and holds Canadian and US securities and ADRs. U.S. dollar currency exposure is hedged back to Canadian dollars.
Benchmark Info
The Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged includes global securities in the base metals industry. Constituents are subject to minimum market capitalization and liquidity screens. In addition, each security in this Index is allocated an equal weight rather than a market capitalization weight. In addition, the United States dollar exposure in the Index is hedged to the Canadian dollar.
Fund Benefits
- Provides convenient and efficient equal weight exposure to global base metals equities
- Benefits from increasing demand for base metals such as Copper, Lead, Nickel, and Zinc, used in various industrial and construction industries
- Currency hedged to eliminate U.S.currency exposure
- Equal weighting avoids security concentration
- The underlying securities of ZMT have large daily trade volumes which represents the ETFs true liquidity
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (Feb 25, 2020) |
$ 26.96 |
|---|---|
| Market Price | $ 36.95 |
| 12-Month Low/High (Market Price) | $ 36.60 / $ 48.68 |
| Price (NAV) | $ 36.6300 |
| 12-Month Low/High (Price (NAV)) | $ 36.5724 / $ 48.6760 |
| Distribution Frequency | Annually |
Daily Prices
| Unit Price as of (Feb 25, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 36.95 | $ -1.13 | -2.97% |
| Price (NAV) | $ 36.6300 | $ -1.4828 | -3.89% |
Performance
Annualized Performance (%) for period ending: Jan 31, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -12.77% | -21.44% | -10.14% | -5.03% | -5.80% | -6.12% |
| Index | -12.21% | -20.02% | -8.84% | -3.78% | -4.59% | -4.93% |
| Jan 31, 2020 |
Calendar Year Performance (%) for period ending: Jan 31, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -15.59% | 14.61% | -35.67% | 35.88% | 55.09% | -46.31% | -10.45% | -7.80% | -10.56% | -33.32% |
| Index | -15.38% | 15.22% | -33.87% | 37.00% | 57.16% | -45.82% | -9.14% | -6.40% | -9.28% | -32.69% |
| 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 | -15.59% | -15.59% | -6.75% | -11.04% | -12.77% | -38.29% | -27.43% | -22.75% | -44.99% | -47.78% |
| Index | -15.38% | -15.38% | -6.28% | -10.44% | -12.21% | -36.03% | -24.25% | -17.51% | -37.48% | -40.53% |
| Jan 31, 2020 |
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Distribution History
| 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
100.46%
-0.46%
25
$ 26,957,460.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 5.06% | COMPASS MINERALS INTERNATIONAL INC | US20451N1019 | CMP | 17,159 | USD | 1,363,373 | - | Stock |
| 5.01% | KAISER ALUMINUM CORP | US4830077040 | KALU | 9,823 | USD | 1,351,002 | - | Stock |
| 5.01% | MUELLER INDUSTRIES INC | US6247561029 | MLI | 33,274 | USD | 1,350,869 | - | Stock |
| 4.95% | LUNDIN MINING CORP | CA5503721063 | LUN | 188,296 | CAD | 1,335,019 | - | Stock |
| 4.80% | FREEPORT-MCMORAN INC | US35671D8570 | FCX | 90,770 | USD | 1,294,737 | - | Stock |
| 4.73% | SOUTHERN COPPER CORP | US84265V1052 | SCCO | 27,380 | USD | 1,275,736 | - | Stock |
| 4.60% | LUXFER HOLDINGS PLC | GB00BNK03D49 | LXFR | 58,238 | USD | 1,241,022 | - | Stock |
| 4.51% | FIRST QUANTUM MINERALS LTD | CA3359341052 | FM | 117,614 | CAD | 1,216,129 | - | Stock |
| 4.46% | TREDEGAR CORP | US8946501009 | TG | 49,499 | USD | 1,201,535 | - | Stock |
| 4.45% | CONSTELLIUM SE | FR0013467479 | CSTM | 70,250 | USD | 1,200,021 | - | Stock |
| 4.42% | RIO TINTO PLC | US7672041008 | RIO | 17,779 | USD | 1,191,889 | - | Stock |
| 4.34% | BHP GROUP LTD | US0886061086 | BHP | 18,800 | USD | 1,169,115 | - | Stock |
| 4.22% | NEXA RESOURCES SA | LU1701428291 | NEXA | 101,729 | USD | 1,137,313 | - | Stock |
| 4.19% | BHP GROUP PLC | US05545E2090 | BBL | 21,466 | USD | 1,129,448 | - | Stock |
| 4.19% | CENTURY ALUMINUM CO | US1564311082 | CENX | 138,576 | USD | 1,129,244 | - | Stock |
| 4.13% | VEDANTA LTD | US92242Y1001 | VEDL | 115,781 | USD | 1,114,334 | - | Stock |
| 4.09% | ALLEGHENY TECHNOLOGIES INC | US01741R1023 | ATI | 44,611 | USD | 1,102,455 | - | Stock |
| 4.03% | IVANHOE MINES LTD | CA46579R1047 | IVN | 333,466 | CAD | 1,087,099 | - | Stock |
| 3.54% | HAYNES INTERNATIONAL INC | US4208772016 | HAYN | 27,067 | USD | 953,510 | - | Stock |
| 3.53% | CARPENTER TECHNOLOGY CORP | US1442851036 | CRS | 17,742 | USD | 951,196 | - | Stock |
| 3.37% | ERO COPPER CORP | CA2960061091 | ERO | 59,077 | CAD | 908,013 | - | Stock |
| 3.17% | HUDBAY MINERALS INC | CA4436281022 | HBM | 245,527 | CAD | 854,434 | - | Stock |
| 3.05% | ALCOA CORP | US0138721065 | AA | 42,704 | USD | 823,144 | - | Stock |
| 2.60% | TECK RESOURCES LTD | CA8787422044 | TECK/B | 51,006 | CAD | 700,822 | - | Stock |
| -0.46% | CASH | - | - | 1 | CAD | -124,000 | - | Cash and Cash Equivalents |
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.