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Overview

Fund Profile

Key Facts

Fund Ticker ZUB
Net Assets (Mn)
(Sep 18, 2019)
$ 420.52
Base Currency CAD
Closing Market Price $ 27.83
12-Month Low/High (Market Price) $ 22.18 / $ 31.13
Closing NAV Price
(Sep 18, 2019)
$ 27.8260
12-Month Low/High (Price (NAV)) $ 22.1933 / $ 31.1405
Annualized Distribution Yield
(Sep 13, 2019)

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

1.87%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.35%
Management Expense Ratio 0.39%
Market Volume 61,946
Distribution Frequency Quarterly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 15,112
Index Solactive Equal Weight US Bank Index Canadian Dollar Hedged
Market Cap ($Bn)
(Aug 30, 2019)
1,740.92
Exchange TSX
CUSIP 05560J109
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Equal Weight US Banks Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank 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 U.S. dollar exposure is hedged back to Canadian dollars.

Benchmark Info

The Solactive Equal Weight US Bank Index Canadian Dollar Hedged consists of the U.S. securities that fall within one of the following Industry groups; Finance, U.S. Banks, U.S. Commercial Banks, or U.S. Commercial Savings Institutions. To be included in the index, each security is subject to minimum market capitalization requirement and liquidity screens. Each security in the Index is allocated an equal weight rather than a market capitalization weight. The U.S. dollar exposure is hedged back to Canadian dollars.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to U.S. bank stocks
  • Equal weighted to lessen security specific risk
  • 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, 2019)
$ 420.52
Market Price $ 27.83
12-Month Low/High (Market Price) $ 22.18 / $ 31.13
Price (NAV) $ 27.8260
12-Month Low/High (Price (NAV)) $ 22.1933 / $ 31.1405
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 27.83 $ 0.24 0.87%
Price (NAV) $ 27.8260 $ 0.2234 0.81%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -16.67% 1.50% 10.10% 6.11% - 7.37%
Index -16.37% 2.00% 10.65% 7.43% - 8.68%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 9.62% -19.84% 17.00% 27.90% -2.74% 10.56% 37.50% 33.07% -26.86% 2.28%
Index 9.93% -19.45% 17.54% 29.54% -0.13% 11.90% 35.77% 34.30% -21.39% 0.27%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 9.62% -9.32% 0.25% -7.89% -16.67% 3.02% 33.47% 34.53% - 93.56%
Index 9.93% -9.29% 0.47% -7.71% -16.37% 4.04% 35.46% 43.11% - 116.55%

The ETF started tracking the Solactive Equal Weight US Bank Index Canadian Dollar Hedged on January 29, 2016. Previously it was tracking the Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market Index Canadian Dollar Hedged.

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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
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.130000 0.000000 0.130000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.130000 0.000000 0.130000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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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, 2019

Stock

100.06%

Cash and Cash Equivalents

-0.06%

Number of Holdings

2

Total Net Assets

$ 420,515,495.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
100.06% BMO EQUAL WEIGHT US BANKS INDEX ETF CA05590V1067 ZBK 15,552,335 CAD 420,775,889 - Stock
-0.06% CASH - - 1 CAD -260,423 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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