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Overview

Fund Profile

Key Facts

Fund Ticker ZUE
Net Assets (Mn)
(Feb 25, 2020)
$ 1,816.82
Base Currency CAD
Closing Market Price $ 46.25
12-Month Low/High (Market Price) $ 40.76 / $ 50.02
Closing NAV Price
(Feb 25, 2020)
$ 46.2057
12-Month Low/High (Price (NAV)) $ 40.8433 / $ 50.0133
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.

1.30%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.08%
Management Expense Ratio 0.10%
Market Volume 121,305
Distribution Frequency Quarterly
Options Available Yes
Inception Date May 29, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 39,320
Index S&P 500 Hedged to Canadian Dollars Index
Market Cap ($Bn)
(Jan 31, 2020)
40,338.98
Exchange TSX
CUSIP 05574C108
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

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

  • 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)
$ 1,816.82
Market Price $ 46.25
12-Month Low/High (Market Price) $ 40.76 / $ 50.02
Price (NAV) $ 46.2057
12-Month Low/High (Price (NAV)) $ 40.8433 / $ 50.0133
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 46.25 $ -1.42 -2.98%
Price (NAV) $ 46.2057 $ -1.4474 -3.04%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 20.03% 7.15% 12.80% 10.99% 12.72% 13.41%
Index 20.65% 7.69% 13.37% 11.50% 13.48% 14.28%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV -0.08% 29.19% -6.16% 20.66% 10.90% 0.52% 13.68% 32.17% 16.07% 1.01%
Index -0.04% 29.86% -5.70% 21.16% 11.40% 0.91% 14.33% 33.33% 16.26% 1.71%
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 -0.08% -0.08% 6.51% 8.72% 20.03% 14.80% 43.54% 68.39% 231.01% 283.69%
Index -0.04% -0.04% 6.65% 9.00% 20.65% 15.97% 45.70% 72.30% 254.25% 316.30%

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.

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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, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
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

100.53%

Cash and Cash Equivalents

-0.53%

Number of Holdings

2

Total Net Assets

$ 1,816,817,872.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
100.53% BMO S&P 500 INDEX ETF CA05575T1003 ZSP 39,873,747 CAD 1,826,358,367 - Stock
-0.53% CASH - - 1 CAD -9,540,433 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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