Fund Profile

Key Facts

Portfolio Strategy

The BMO S&P 500 Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the S&P 500 Hedged to Canadian Dollars Index (Index), net of expenses. The ETF 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 currency exposure is hedged back to the Canadian dollar. In addition, as ZUE is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

Benchmark Info

The S&P 500 Hedged to Canadian Dollars Index (Index) is a world renowned float-adjusted market capitalization weighted Index that tracks the securities of the largest and most liquid public companies in the United States. Constituent securities must pass minimum float-adjusted and liquidity screens to qualify and maintain membership in the Index. Index weights are reviewed quarterly. The U.S. dollar currency exposure is hedged back to the Canadian dollar.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to diversified U.S. equities
  • Holdings consist of the largest and most liquid U.S. stocks
  • Currency is hedged to mitigate currency impacts
  • Professionally managed by BMO Global Asset Management

Risk Rating


Price & Performance

Performance Chart

Growth of 10,000

Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.

Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Sep 29, 2023, 1 Day Change, 1 Day % Change
Unit Price as of
(Sep 29, 2023)
1 Day Change 1 Day % Change
Market Price $ 60.01 $ -0.17 -0.28%
Price (NAV) $ 59.9589 $ -0.1877 -0.31%


Annualized Performance

Annualized Performance (%) for period ending: Aug 31, 2023

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 13.97% 0.01% 9.14% 9.29% 11.45% 12.50%
Index 14.44% 0.39% 9.55% 9.74% 11.95% 13.25%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 31, 2023

Table for calendar performance. For period ending
YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014
NAV 17.63% -19.41% 27.88% 15.30% 29.19% -6.16% 20.66% 10.90% 0.52% 13.68%
Index 17.96% -19.10% 28.29% 15.79% 29.86% -5.70% 21.16% 11.40% 0.91% 14.33%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 31, 2023

Table for cumulative performance. For period ending
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 17.63% -1.71% 7.77% 13.68% 13.97% 0.01% 29.99% 55.90% 195.65% 436.70%
Index 17.96% -1.66% 7.88% 13.92% 14.44% 0.78% 31.48% 59.16% 209.18% 490.39%

The ETF started tracking the S&P 500 Hedged to Canadian Dollars Index on September 21, 2012. Previously it was tracking the Dow Jones US Large Cap 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.

Download Distribution History (Excel)
Table for distribution history. For period ending
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, 2023 Mar 29, 2023 Mar 30, 2023 Apr 04, 2023 0.220000 - 0.220000
Jun, 2023 Jun 28, 2023 Jun 29, 2023 Jul 05, 2023 0.220000 - 0.220000
Sep, 2023 Sep 27, 2023 Sep 28, 2023 Oct 04, 2023 0.220000 - 0.220000
Dec, 2023 Dec 27, 2023 Dec 28, 2023 Jan 03, 2024 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
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 29, 2023



Cash and Cash Equivalents


Number of Holdings


Total Net Assets

$ 1,797,881,107.00

Download Holdings (Excel)
No column selected.
Daily holdings table has 5 columns. Table columns are Weight (%), Name, ISIN, Bloomberg Ticker, Base Market Value
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
100.43% BMO S&P 500 INDEX ETF CA05575T1003 ZSP 28,369,193 CAD 1,805,527,217 - Stock
-0.43% CASH - - 1 CAD -7,646,178 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 11 ranges. Ranges are: 28.13%, Information Technology.13.21%, Health Care.12.55%, Financials.10.54%, Consumer Discretionary.8.69%, Communication Services.8.49%, Industrials.6.63%, Consumer Staples.4.2%, Energy.2.56%, Utilities.2.5%, Materials.2.49%, Real Estate.

Geographic Allocation

has a donut chart divided into 1 range. The range is: 100%, United States.