Overview

Fund Profile

Key Facts

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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Price & Performance

Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of May 29, 2023, 1 Day Change, 1 Day % Change
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

Annualized Performance (%) for period ending: Apr 28, 2023

Table for annualized performance. For period ending
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%
Calendar Performance

Calendar Year Performance (%) for period ending: Apr 28, 2023

Table for calendar performance. For period ending
YTD 2022 2021 2020
NAV 12.53% -23.09% 26.90% 16.12%
Index 12.58% -22.97% 27.14% 16.50%
Cumulative Performance

Cumulative Performance (%) for period ending: Apr 28, 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 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%

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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.

Download Distribution History (Excel)
Table for distribution history. For period ending
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 - - -
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.

Footnote
- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of May 29, 2023

Stock

99.97%

Cash and Cash Equivalents

0.03%

Number of Holdings

126

Total Net Assets

$ 7,715,956.00


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
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.

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