Fund Profile
Key Facts
Fund Ticker | ZUQ.U |
---|---|
Net Assets (Mn) (May 29, 2023) |
$ 7.72 |
Base Currency | USD |
Closing Market Price | $ 38.52 |
12-Month Low/High (Market Price) | $ 30.35 / $ 38.52 |
Closing NAV Price (May 29, 2023) |
$ 38.5798 |
12-Month Low/High (Price (NAV)) | $ 30.2245 / $ 38.6631 |
Annualized Distribution Yield (May 19, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
1.06% |
Swap Fee | - |
Counterparty Exposure | - |
Maximum Annual Management Fee | 0.30% |
Management Expense Ratio |
0.34% Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year. Footnote |
Market Volume | 500 |
Distribution Frequency | Quarterly |
Options Available | No |
Inception Date | Jul 16, 2020 |
Fiscal Year-End | December 31 |
Units Outstanding (000's) | 200 |
Index | MSCI USA Quality Index (Net, USD) |
Market Cap ($Bn) (Apr 28, 2023) |
23,805.14 |
Exchange | TSX |
CUSIP | 05580L209 |
Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO MSCI USA High Quality Index ETF has been designed to replicate, to the extent possible, the performance of the MSCI USA Quality Index, net of expenses. The Fund invests in U.S. equity markets, while screening for high return on equity (ROE), stable year-over-year earnings growth and low financial leverage. The Fund may also invest in or hold securities intended to replicate the performance of the Index. The ETF trades in US dollars on the TSX.
Benchmark Info
The MSCI USA High Quality Index is based on the MSCI USA Index, its parent index, which includes large and mid cap stocks in the U.S. The Index aims to capture the performance of quality growth stocks by identifying stocks with high quality scores based on three main fundamental variables: high return on equity (ROE), stable year-over-year earnings growth and low financial leverage. All securities eligible for inclusion in the Index are weighted by the product of their market cap weight in the parent index and their quality score. Issuer weights are capped at 5%. The Index is rebalanced semi-annually, as of the close of the last business day of November and May.
Fund Benefits
- Designed for investors looking for growth solutions
- Exposure to high quality U.S. equities
- Purchased in U.S. currency
- Professionally managed by BMO Global Asset Management
Risk Rating
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Performance Details
Fund Total Assets ($Mn) (May 29, 2023) |
$ 7.72 |
---|---|
Market Price | $ 38.52 |
12-Month Low/High (Market Price) | $ 30.35 / $ 38.52 |
Price (NAV) | $ 38.5798 |
12-Month Low/High (Price (NAV)) | $ 30.2245 / $ 38.6631 |
Distribution Frequency | Quarterly |
Daily Prices
Unit Price as of (May 29, 2023) |
1 Day Change | 1 Day % Change | |
---|---|---|---|
Market Price | $ 38.52 | - | - |
Price (NAV) | $ 38.5798 | $ -0.0833 | -0.22% |
Performance
Annualized Performance (%) for period ending: Apr 28, 2023
1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
---|---|---|---|---|---|---|
NAV | 4.38% | 0.62% | - | - | - | 9.13% |
Index | 4.53% | 0.79% | - | - | - | 9.41% |
Apr 28, 2023 |
Calendar Year Performance (%) for period ending: Apr 28, 2023
YTD | 2022 | 2021 | 2020 | |
---|---|---|---|---|
NAV | 12.53% | -23.09% | 26.90% | 16.12% |
Index | 12.58% | -22.97% | 27.14% | 16.50% |
Apr 28, 2023 |
Cumulative Performance (%) for period ending: Apr 28, 2023
YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
---|---|---|---|---|---|---|---|---|---|---|
NAV | 12.53% | 2.01% | 6.53% | 14.68% | 4.38% | 1.25% | - | - | - | 27.53% |
Index | 12.58% | 2.02% | 6.56% | 14.74% | 4.53% | 1.59% | - | - | - | 28.45% |
Apr 28, 2023 |
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Distribution History
Distribution Period Future distribution dates may change without any prior notice. Footnote | 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. Footnote | Total Distribution Per Unit |
---|---|---|---|---|---|---|
Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.100000 | - | 0.100000 |
Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | - | - | - |
Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | - | - | - |
Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2023 | - | - | - |
Year to Date | 0.100000 | 0.000000 | 0.100000 |
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. Footnote |
---|---|---|---|---|---|---|---|---|
- | - | - | - | - | - | - | - | - |
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Daily Holdings
As of May 29, 2023
99.97%
0.03%
126
$ 7,715,956.00
Download Holdings (Excel)
Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
---|---|---|---|---|---|---|---|---|
7.99% | NVIDIA CORP | US67066G1040 | NVDA | 81,187 | USD | 42,761,280 | Information Technology | Stock |
6.07% | MICROSOFT CORP | US5949181045 | MSFT | 71,971 | USD | 32,483,143 | Information Technology | Stock |
5.20% | META PLATFORMS INC | US30303M1027 | META | 78,491 | USD | 27,844,934 | Communication Services | Stock |
5.10% | APPLE INC | US0378331005 | AAPL | 114,735 | USD | 27,278,675 | Information Technology | Stock |
4.12% | HOME DEPOT INC/THE | US4370761029 | HD | 55,482 | USD | 22,027,767 | Consumer Discretionary | Stock |
3.57% | ELI LILLY & CO | US5324571083 | LLY | 33,065 | USD | 19,128,597 | Health Care | Stock |
3.56% | VISA INC | US92826C8394 | V | 62,392 | USD | 19,040,770 | Financials | Stock |
3.41% | UNITEDHEALTH GROUP INC | US91324P1021 | UNH | 27,883 | USD | 18,234,343 | Health Care | Stock |
3.36% | JOHNSON & JOHNSON | US4781601046 | JNJ | 85,785 | USD | 17,979,184 | Health Care | Stock |
3.26% | MASTERCARD INC | US57636Q1040 | MA | 34,367 | USD | 17,447,331 | Financials | Stock |
2.92% | ALPHABET INC | US02079K3059 | GOOGL | 92,439 | USD | 15,609,530 | Communication Services | Stock |
2.71% | ALPHABET INC | US02079K1079 | GOOG | 85,444 | USD | 14,522,900 | Communication Services | Stock |
2.50% | BROADCOM INC | US11135F1012 | AVGO | 12,158 | USD | 13,390,214 | Information Technology | Stock |
2.38% | MERCK & CO INC | US58933Y1055 | MRK | 84,620 | USD | 12,760,634 | Health Care | Stock |
1.81% | COCA-COLA CO/THE | US1912161007 | KO | 118,332 | USD | 9,685,129 | Consumer Staples | Stock |
1.81% | COSTCO WHOLESALE CORP | US22160K1051 | COST | 14,037 | USD | 9,664,098 | Consumer Staples | Stock |
1.73% | PFIZER INC | US7170811035 | PFE | 181,003 | USD | 9,240,772 | Health Care | Stock |
1.72% | CISCO SYSTEMS INC | US17275R1023 | CSCO | 136,449 | USD | 9,227,411 | Information Technology | Stock |
1.72% | ACCENTURE PLC | IE00B4BNMY34 | ACN | 22,375 | USD | 9,202,888 | Information Technology | Stock |
1.68% | TEXAS INSTRUMENTS INC | US8825081040 | TXN | 37,704 | USD | 9,009,747 | Information Technology | Stock |
1.66% | ADOBE INC | US00724F1012 | ADBE | 15,763 | USD | 8,860,725 | Information Technology | Stock |
1.21% | QUALCOMM INC | US7475251036 | QCOM | 43,303 | USD | 6,474,922 | Information Technology | Stock |
1.17% | APPLIED MATERIALS INC | US0382221051 | AMAT | 33,992 | USD | 6,263,940 | Information Technology | Stock |
1.03% | NIKE INC | US6541061031 | NKE | 38,008 | USD | 5,538,201 | Consumer Discretionary | Stock |
1.01% | AUTOMATIC DATA PROCESSING INC | US0530151036 | ADP | 18,828 | USD | 5,424,975 | Industrials | Stock |
1.00% | HONEYWELL INTERNATIONAL INC | US4385161066 | HON | 20,344 | USD | 5,344,408 | Industrials | Stock |
0.93% | LOCKHEED MARTIN CORP | US5398301094 | LMT | 8,211 | USD | 4,999,879 | Industrials | Stock |
0.93% | UNITED PARCEL SERVICE INC | US9113121068 | UPS | 21,310 | USD | 4,956,200 | Industrials | Stock |
0.91% | UNION PACIFIC CORP | US9078181081 | UNP | 18,532 | USD | 4,850,722 | Industrials | Stock |
0.89% | LAM RESEARCH CORP | US5128071082 | LRCX | 5,617 | USD | 4,777,114 | Information Technology | Stock |
0.86% | INTEL CORP | US4581401001 | INTC | 117,067 | USD | 4,600,758 | Information Technology | Stock |
0.77% | INTUITIVE SURGICAL INC | US46120E6023 | ISRG | 9,851 | USD | 4,097,648 | Health Care | Stock |
0.75% | BLACKROCK INC | US09247X1019 | BLK | 4,408 | USD | 4,015,642 | Financials | Stock |
0.68% | ILLINOIS TOOL WORKS INC | US4523081093 | ITW | 11,923 | USD | 3,636,850 | Industrials | Stock |
0.67% | VERTEX PHARMACEUTICALS INC | US92532F1003 | VRTX | 8,025 | USD | 3,596,697 | Health Care | Stock |
0.63% | REGENERON PHARMACEUTICALS INC | US75886F1075 | REGN | 3,438 | USD | 3,384,341 | Health Care | Stock |
0.63% | ZOETIS INC | US98978V1035 | ZTS | 15,029 | USD | 3,356,803 | Health Care | Stock |
0.54% | CADENCE DESIGN SYSTEMS INC | US1273871087 | CDNS | 9,260 | USD | 2,864,935 | Information Technology | Stock |
0.51% | NORTHROP GRUMMAN CORP | US6668071029 | NOC | 4,566 | USD | 2,717,150 | Industrials | Stock |
0.50% | TARGET CORP | US87612E1064 | TGT | 14,086 | USD | 2,653,274 | Consumer Staples | Stock |
0.44% | BLACKSTONE INC | US09260D1072 | BX | 20,352 | USD | 2,361,347 | Financials | Stock |
0.44% | MOODY'S CORP | US6153691059 | MCO | 5,559 | USD | 2,358,067 | Financials | Stock |
0.44% | 3M CO | US88579Y1010 | MMM | 17,812 | USD | 2,340,865 | Industrials | Stock |
0.43% | IDEXX LABORATORIES INC | US45168D1046 | IDXX | 3,583 | USD | 2,275,275 | Health Care | Stock |
0.41% | EDWARDS LIFESCIENCES CORP | US28176E1082 | EW | 19,783 | USD | 2,199,727 | Health Care | Stock |
0.39% | VMWARE INC | US9285634021 | VMW | 11,479 | USD | 2,074,030 | Information Technology | Stock |
0.37% | LULULEMON ATHLETICA INC | US5500211090 | LULU | 4,291 | USD | 1,977,753 | Consumer Discretionary | Stock |
0.37% | AMERIPRISE FINANCIAL INC | US03076C1062 | AMP | 4,720 | USD | 1,974,440 | Financials | Stock |
0.37% | ESTEE LAUDER COS INC/THE | US5184391044 | EL | 7,484 | USD | 1,972,865 | Consumer Staples | Stock |
0.37% | EMERSON ELECTRIC CO | US2910111044 | EMR | 18,146 | USD | 1,955,473 | Industrials | Stock |
0.36% | CINTAS CORP | US1729081059 | CTAS | 2,993 | USD | 1,902,045 | Industrials | Stock |
0.35% | MONSTER BEVERAGE CORP | US61174X1090 | MNST | 24,096 | USD | 1,883,795 | Consumer Staples | Stock |
0.34% | PAYCHEX INC | US7043261079 | PAYX | 12,526 | USD | 1,836,528 | Industrials | Stock |
0.34% | ARISTA NETWORKS INC | US0404131064 | ANET | 7,939 | USD | 1,832,051 | Information Technology | Stock |
0.34% | AMPHENOL CORP | US0320951017 | APH | 17,522 | USD | 1,819,430 | Information Technology | Stock |
0.33% | PUBLIC STORAGE | US74460D1090 | PSA | 4,524 | USD | 1,760,241 | Real Estate | Stock |
0.31% | HERSHEY CO/THE | US4278661081 | HSY | 4,745 | USD | 1,660,842 | Consumer Staples | Stock |
0.31% | COPART INC | US2172041061 | CPRT | 13,919 | USD | 1,657,716 | Industrials | Stock |
0.29% | DR HORTON INC | US23331A1097 | DHI | 10,659 | USD | 1,542,973 | Consumer Discretionary | Stock |
0.29% | TRANE TECHNOLOGIES PLC | IE00BK9ZQ967 | TT | 6,778 | USD | 1,531,851 | Industrials | Stock |
0.28% | FASTENAL CO | US3119001044 | FAST | 20,158 | USD | 1,506,788 | Industrials | Stock |
0.28% | WW GRAINGER INC | US3848021040 | GWW | 1,657 | USD | 1,490,386 | Industrials | Stock |
0.28% | AFLAC INC | US0010551028 | AFL | 16,956 | USD | 1,482,956 | Financials | Stock |
0.27% | AGILENT TECHNOLOGIES INC | US00846U1016 | A | 8,994 | USD | 1,467,411 | Health Care | Stock |
0.27% | VERISK ANALYTICS INC | US92345Y1064 | VRSK | 4,968 | USD | 1,462,561 | Industrials | Stock |
0.27% | NUCOR CORP | US6703461052 | NUE | 7,915 | USD | 1,458,685 | Materials | Stock |
0.27% | OLD DOMINION FREIGHT LINE INC | US6795801009 | ODFL | 3,351 | USD | 1,433,739 | Industrials | Stock |
0.26% | FERGUSON PLC | JE00BJVNSS43 | FERG | 6,827 | USD | 1,365,593 | Industrials | Stock |
0.25% | COGNIZANT TECHNOLOGY SOLUTIONS CORP | US1924461023 | CTSH | 15,601 | USD | 1,329,528 | Information Technology | Stock |
0.24% | RESMED INC | US7611521078 | RMD | 4,457 | USD | 1,302,203 | Health Care | Stock |
0.23% | CUMMINS INC | US2310211063 | CMI | 4,190 | USD | 1,206,783 | Industrials | Stock |
0.21% | WEST PHARMACEUTICAL SERVICES INC | US9553061055 | WST | 2,439 | USD | 1,136,206 | Health Care | Stock |
0.20% | T ROWE PRICE GROUP INC | US74144T1088 | TROW | 7,526 | USD | 1,086,812 | Financials | Stock |
0.20% | TRACTOR SUPPLY CO | US8923561067 | TSCO | 3,643 | USD | 1,045,203 | Consumer Discretionary | Stock |
0.19% | MONOLITHIC POWER SYSTEMS INC | US6098391054 | MPWR | 1,435 | USD | 1,011,845 | Information Technology | Stock |
0.19% | ULTA BEAUTY INC | US90384S3031 | ULTA | 1,749 | USD | 997,499 | Consumer Discretionary | Stock |
0.18% | LYONDELLBASELL INDUSTRIES NV | NL0009434992 | LYB | 8,043 | USD | 951,907 | Materials | Stock |
0.18% | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | US3021301094 | EXPD | 6,063 | USD | 949,310 | Industrials | Stock |
0.17% | VEEVA SYSTEMS INC | US9224751084 | VEEV | 4,029 | USD | 903,120 | Health Care | Stock |
0.17% | NVR INC | US62944T1051 | NVR | 118 | USD | 899,199 | Consumer Discretionary | Stock |
0.16% | CHURCH & DWIGHT CO INC | US1713401024 | CHD | 6,819 | USD | 870,604 | Consumer Staples | Stock |
0.15% | TERADYNE INC | US8807701029 | TER | 5,710 | USD | 802,086 | Information Technology | Stock |
0.15% | BROWN-FORMAN CORP | US1156372096 | BF/B | 9,577 | USD | 800,571 | Consumer Staples | Stock |
0.14% | BEST BUY CO INC | US0865161014 | BBY | 7,561 | USD | 762,024 | Consumer Discretionary | Stock |
0.14% | OMNICOM GROUP INC | US6819191064 | OMC | 6,106 | USD | 744,156 | Communication Services | Stock |
0.14% | STEEL DYNAMICS INC | US8581191009 | STLD | 5,709 | USD | 738,675 | Materials | Stock |
0.14% | PRINCIPAL FINANCIAL GROUP INC | US74251V1026 | PFG | 7,912 | USD | 729,878 | Financials | Stock |
0.13% | POOL CORP | US73278L1052 | POOL | 1,515 | USD | 672,734 | Consumer Discretionary | Stock |
0.12% | SKYWORKS SOLUTIONS INC | US83088M1027 | SWKS | 4,690 | USD | 667,234 | Information Technology | Stock |
0.12% | GARMIN LTD | CH0114405324 | GRMN | 4,657 | USD | 655,296 | Consumer Discretionary | Stock |
0.12% | PULTEGROUP INC | US7458671010 | PHM | 7,294 | USD | 651,571 | Consumer Discretionary | Stock |
0.12% | NETAPP INC | US64110D1046 | NTAP | 6,878 | USD | 650,689 | Information Technology | Stock |
0.11% | TYSON FOODS INC | US9024941034 | TSN | 8,557 | USD | 603,935 | Consumer Staples | Stock |
0.11% | EPAM SYSTEMS INC | US29414B1044 | EPAM | 1,716 | USD | 599,654 | Information Technology | Stock |
0.11% | PAYCOM SOFTWARE INC | US70432V1026 | PAYC | 1,564 | USD | 594,760 | Industrials | Stock |
0.11% | IDEX CORP | US45167R1041 | IEX | 2,144 | USD | 591,513 | Industrials | Stock |
0.11% | JB HUNT TRANSPORT SERVICES INC | US4456581077 | JBHT | 2,559 | USD | 590,861 | Industrials | Stock |
0.11% | CF INDUSTRIES HOLDINGS INC | US1252691001 | CF | 6,787 | USD | 578,317 | Materials | Stock |
0.11% | CH ROBINSON WORLDWIDE INC | US12541W2098 | CHRW | 4,347 | USD | 574,967 | Industrials | Stock |
0.10% | SNAP-ON INC | US8330341012 | SNA | 1,591 | USD | 555,125 | Industrials | Stock |
0.09% | CELANESE CORP | US1508701034 | CE | 3,413 | USD | 496,185 | Materials | Stock |
0.09% | AVERY DENNISON CORP | US0536111091 | AVY | 2,244 | USD | 495,640 | Materials | Stock |
0.09% | JACK HENRY & ASSOCIATES INC | US4262811015 | JKHY | 2,415 | USD | 486,097 | Financials | Stock |
0.09% | TEXAS PACIFIC LAND CORP | US88262P1021 | TPL | 260 | USD | 463,752 | Energy | Stock |
0.09% | MARKETAXESS HOLDINGS INC | US57060D1081 | MKTX | 1,213 | USD | 459,707 | Financials | Stock |
0.09% | EQUITABLE HOLDINGS INC | US29452E1010 | EQH | 13,378 | USD | 459,472 | Financials | Stock |
0.08% | NORDSON CORP | US6556631025 | NDSN | 1,520 | USD | 454,729 | Industrials | Stock |
0.08% | ALLEGION PLC | IE00BFRT3W74 | ALLE | 2,980 | USD | 432,298 | Industrials | Stock |
0.08% | CLEVELAND-CLIFFS INC | US1858991011 | CLF | 21,267 | USD | 413,162 | Materials | Stock |
0.07% | HENRY SCHEIN INC | US8064071025 | HSIC | 3,880 | USD | 394,318 | Health Care | Stock |
0.07% | FIDELITY NATIONAL FINANCIAL INC | US31620R3030 | FNF | 8,326 | USD | 391,820 | Financials | Stock |
0.07% | COGNEX CORP | US1924221039 | CGNX | 5,264 | USD | 391,207 | Information Technology | Stock |
0.07% | ROBERT HALF INTERNATIONAL INC | US7703231032 | RHI | 4,243 | USD | 387,956 | Industrials | Stock |
0.07% | A O SMITH CORP | US8318652091 | AOS | 4,272 | USD | 385,990 | Industrials | Stock |
0.07% | ROLLINS INC | US7757111049 | ROL | 7,168 | USD | 382,713 | Industrials | Stock |
0.07% | PENTAIR PLC | IE00BLS09M33 | PNR | 4,770 | USD | 371,929 | Industrials | Stock |
0.06% | AMERICAN FINANCIAL GROUP INC/OH | US0259321042 | AFG | 2,114 | USD | 326,381 | Financials | Stock |
0.06% | MASIMO CORP | US5747951003 | MASI | 1,520 | USD | 324,116 | Health Care | Stock |
0.06% | FORTUNE BRANDS INNOVATIONS INC | US34964C1062 | FBIN | 3,805 | USD | 320,453 | Industrials | Stock |
0.06% | NRG ENERGY INC | US6293775085 | NRG | 6,662 | USD | 306,315 | Utilities | Stock |
0.06% | SEI INVESTMENTS CO | US7841171033 | SEIC | 3,843 | USD | 299,135 | Financials | Stock |
0.06% | GENERAC HOLDINGS INC | US3687361044 | GNRC | 1,891 | USD | 295,234 | Industrials | Stock |
0.05% | PAYLOCITY HOLDING CORP | US70438V1061 | PCTY | 1,211 | USD | 283,069 | Industrials | Stock |
0.05% | ERIE INDEMNITY CO | US29530P1021 | ERIE | 838 | USD | 248,860 | Financials | Stock |
0.00% | CONTRA ABIOMED INC | US003CVR0169 | - | 1,377 | USD | - | - | Stock |
0.03% | CASH | - | - | 1 | CAD | 181,312 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 11 ranges. Ranges are: 35.19%, Information Technology.19.01%, Health Care.11%, Industrials.10.97%, Communication Services.9.95%, Financials.6.88%, Consumer Discretionary.5.57%, Consumer Staples.0.96%, Materials.0.33%, Real Estate.0.09%, Energy.0.06%, Utilities.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, United States.
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.