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Overview

Fund Profile

Key Facts

Fund Ticker ZRE
Net Assets (Mn)
(Feb 25, 2020)
$ 707.53
Base Currency CAD
Closing Market Price $ 26.57
12-Month Low/High (Market Price) $ 22.74 / $ 27.23
Closing NAV Price
(Feb 25, 2020)
$ 26.5820
12-Month Low/High (Price (NAV)) $ 22.7344 / $ 27.2074
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.

3.76%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.61%
Market Volume 571,201
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 26,617
Index Solactive Equal Weight Canada REIT Index
Market Cap ($Bn)
(Jan 31, 2020)
81.77
Exchange TSX
CUSIP 05560G105
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Equal Weight REITs Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada REIT Index, net of expenses. The Fund invests in Canadian real estate investment trusts. 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 Solactive Equal Weight Canada REIT Index consists of the Canadian securities that fall within the Real Estate Investment Trust sector. Each security in the Index is allocated a fixed weight rather than a market capitalization weight. To be included as a Constituent Security, an issue must meet certain minimum trading volume requirements and be incorporated in, or has its primary market listing in Canada.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to Canadian Real Estate Investment Trusts (REITs)¬†
  • Equal weighted to lessen security specific risk
  • 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)
$ 707.53
Market Price $ 26.57
12-Month Low/High (Market Price) $ 22.74 / $ 27.23
Price (NAV) $ 26.5820
12-Month Low/High (Price (NAV)) $ 22.7344 / $ 27.2074
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 26.57 $ -0.28 -1.04%
Price (NAV) $ 26.5820 $ -0.2421 -0.90%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 21.23% 15.95% 15.29% 9.77% - 11.30%
Index 22.04% 16.79% 16.08% 10.56% - 12.02%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 4.13% 25.96% 3.16% 14.23% 17.11% -5.16% 8.73% -4.60% 18.14% 13.92%
Index 4.21% 26.93% 3.84% 14.91% 18.15% -4.49% 9.37% -4.25% 18.87% 14.50%
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 4.13% 4.13% 4.63% 10.37% 21.23% 34.44% 53.25% 59.34% - 182.77%
Index 4.21% 4.21% 4.80% 10.73% 22.04% 36.40% 56.42% 65.19% - 201.08%

The ETF started tracking the Solactive Equal Weight Canada REIT Index on May 27, 2016. Previously it was tracking the Dow Jones Canada Select Equal Weight REIT Index.

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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
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.090000 0.000000 0.090000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.100000 0.000000 0.100000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
Download Distribution Tax (Excel)
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

99.87%

Cash and Cash Equivalents

0.13%

Number of Holdings

22

Total Net Assets

$ 707,531,500.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.74% DREAM OFFICE REAL ESTATE INVESTMENT TRUST CA26153P1045 D-U 1,129,238 CAD 40,596,106 - Stock
5.49% NORTHVIEW APARTMENT REAL ESTATE INVESTMENT TRUST CA6671851021 NVU-U 1,065,684 CAD 38,854,839 - Stock
5.12% COMINAR REAL ESTATE INVESTMENT TRUST CA1999101001 CUF-U 2,461,500 CAD 36,208,665 - Stock
5.04% CT REAL ESTATE INVESTMENT TRUST CA1264621006 CRT-U 2,156,780 CAD 35,694,709 - Stock
5.01% GRANITE REAL ESTATE INVESTMENT TRUST CA3874371147 GRT-U 488,474 CAD 35,414,365 - Stock
4.97% BOARDWALK REAL ESTATE INVESTMENT TRUST CA0966311064 BEI-U 705,223 CAD 35,183,575 - Stock
4.90% KILLAM APARTMENT REAL ESTATE INVESTMENT TRUST CA49410M1023 KMP-U 1,556,003 CAD 34,652,187 - Stock
4.89% ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST CA0194561027 AP-U 592,295 CAD 34,625,566 - Stock
4.88% NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST CA6674951059 NWH-U 2,673,946 CAD 34,547,382 - Stock
4.85% DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST CA26153W1095 DIR-U 2,493,499 CAD 34,285,611 - Stock
4.85% INTERRENT REAL ESTATE INVESTMENT TRUST CA46071W2058 IIP-U 1,983,764 CAD 34,338,955 - Stock
4.79% CANADIAN APARTMENT PROPERTIES REIT CA1349211054 CAR-U 582,113 CAD 33,873,155 - Stock
4.75% SUMMIT INDUSTRIAL INCOME REIT CA8661201167 SMU-U 2,497,514 CAD 33,616,538 - Stock
4.66% WPT INDUSTRIAL REAL ESTATE INVESTMENT TRUST CA92937G1090 WIR/U 1,721,104 USD 32,946,474 - Stock
4.53% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST CA17039A1066 CHP-U 2,182,874 CAD 32,044,590 - Stock
4.50% RIOCAN REAL ESTATE INVESTMENT TRUST CA7669101031 REI-U 1,181,448 CAD 31,863,653 - Stock
4.33% CROMBIE REAL ESTATE INVESTMENT TRUST CA2271071094 CRR-U 1,962,241 CAD 30,669,827 - Stock
4.26% ARTIS REAL ESTATE INVESTMENT TRUST CA04315L1058 AX-U 2,489,375 CAD 30,146,331 - Stock
4.17% SMARTCENTRES REAL ESTATE INVESTMENT TRUST CA83179X1087 SRU-U 956,079 CAD 29,533,280 - Stock
4.09% H&R REAL ESTATE INVESTMENT TRUST CA4039254079 HR-U 1,374,700 CAD 28,937,435 - Stock
4.04% CHARTWELL RETIREMENT RESIDENCES CA16141A1030 CSH-U 2,090,674 CAD 28,558,607 - Stock
0.13% CASH - - 1 CAD 939,586 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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