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Overview

Fund Profile

Key Facts

Fund Ticker ZUQ
Net Assets (Mn)
(Sep 18, 2020)
$ 401.74
Base Currency CAD
Closing Market Price $ 46.32
12-Month Low/High (Market Price) $ 34.77 / $ 49.48
Closing NAV Price
(Sep 18, 2020)
$ 46.3504
12-Month Low/High (Price (NAV)) $ 34.6301 / $ 49.4137
Annualized Distribution Yield
(Sep 11, 2020)

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

1.03%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.30%
Management Expense Ratio 0.33%
Market Volume 21,388
Distribution Frequency Quarterly
Options Available No
Inception Date Nov 05, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 8,668
Index MSCI USA Quality Index
Market Cap ($Bn)
(Aug 31, 2020)
17,984.32
Exchange TSX
CUSIP 05580L100
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.

Benchmark Info

MSCI USA Quality Index (“Index”) is based on the MSCI USA Index, its parent index, which includes large and mid cap stocks in 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
  • Benefits from local currency appreciation
  • 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, 2020)
$ 401.74
Market Price $ 46.32
12-Month Low/High (Market Price) $ 34.77 / $ 49.48
Price (NAV) $ 46.3504
12-Month Low/High (Price (NAV)) $ 34.6301 / $ 49.4137
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2020)
1 Day Change 1 Day % Change
Market Price $ 46.32 $ -0.32 -0.69%
Price (NAV) $ 46.3504 $ -0.3300 -0.71%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 26.68% 17.25% 21.17% 16.95% - 17.53%
Index 26.82% 17.29% 21.06% 16.77% - 17.62%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014
NAV 15.21% 31.53% 5.13% 17.15% 4.06% 26.70% 4.15%
Index 15.21% 31.44% 5.60% 17.08% 3.63% 27.69% 3.88%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 15.21% 5.19% 8.18% 19.87% 26.68% 37.47% 77.92% 118.73% - 156.26%
Index 15.21% 5.09% 7.69% 19.71% 26.82% 37.57% 77.43% 117.13% - 157.38%

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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)
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 0.120000 0.000000 0.120000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.120000 0.000000 0.120000
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 Sep 18, 2020

Stock

99.77%

Cash and Cash Equivalents

0.23%

Number of Holdings

126

Total Net Assets

$ 401,741,745.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
6.04% APPLE INC US0378331005 AAPL 174,376 USD 24,590,175 Information Technology Stock
4.82% MICROSOFT CORP US5949181045 MSFT 74,309 USD 19,654,341 Information Technology Stock
4.73% VISA INC US92826C8394 V 72,018 USD 19,259,409 Information Technology Stock
4.65% MASTERCARD INC US57636Q1040 MA 42,845 USD 18,959,327 Information Technology Stock
4.43% JOHNSON & JOHNSON US4781601046 JNJ 91,631 USD 18,042,390 Health Care Stock
3.68% PROCTER & GAMBLE CO/THE US7427181091 PG 82,740 USD 15,001,975 Consumer Staples Stock
3.20% UNITEDHEALTH GROUP INC US91324P1021 UNH 32,058 USD 13,033,359 Health Care Stock
3.10% NVIDIA CORP US67066G1040 NVDA 19,624 USD 12,628,900 Information Technology Stock
2.70% ADOBE INC US00724F1012 ADBE 17,840 USD 11,009,407 Information Technology Stock
2.65% MERCK & CO INC US58933Y1055 MRK 95,251 USD 10,788,187 Health Care Stock
2.53% INTEL CORP US4581401001 INTC 156,686 USD 10,317,743 Information Technology Stock
2.48% COCA-COLA CO/THE US1912161007 KO 151,501 USD 10,088,293 Consumer Staples Stock
2.38% ALPHABET INC US02079K1079 GOOG 5,042 USD 9,716,140 Communication Services Stock
2.36% PFIZER INC US7170811035 PFE 198,965 USD 9,619,547 Health Care Stock
2.32% ALPHABET INC US02079K3059 GOOGL 4,926 USD 9,434,737 Communication Services Stock
2.17% NIKE INC US6541061031 NKE 58,458 USD 8,847,018 Consumer Discretionary Stock
2.03% CISCO SYSTEMS INC US17275R1023 CSCO 157,633 USD 8,282,861 Information Technology Stock
2.00% ACCENTURE PLC IE00B4BNMY34 ACN 26,149 USD 8,151,532 Information Technology Stock
1.92% TEXAS INSTRUMENTS INC US8825081040 TXN 42,839 USD 7,840,280 Information Technology Stock
1.88% PEPSICO INC US7134481081 PEP 44,211 USD 7,671,813 Consumer Staples Stock
1.79% ORACLE CORP US68389X1054 ORCL 92,490 USD 7,294,134 Information Technology Stock
1.77% AMGEN INC US0311621009 AMGN 22,051 USD 7,209,919 Health Care Stock
1.66% COSTCO WHOLESALE CORP US22160K1051 COST 15,242 USD 6,758,815 Consumer Staples Stock
1.39% UNION PACIFIC CORP US9078181081 UNP 21,491 USD 5,667,521 Industrials Stock
1.37% HONEYWELL INTERNATIONAL INC US4385161066 HON 25,078 USD 5,584,046 Industrials Stock
1.16% INTUIT INC US4612021034 INTU 11,905 USD 4,716,066 Information Technology Stock
1.12% BOOKING HOLDINGS INC US09857L1089 BKNG 1,992 USD 4,554,581 Consumer Discretionary Stock
1.06% 3M CO US88579Y1010 MMM 19,334 USD 4,326,737 Industrials Stock
0.86% AUTOMATIC DATA PROCESSING INC US0530151036 ADP 19,552 USD 3,486,225 Information Technology Stock
0.85% ILLINOIS TOOL WORKS INC US4523081093 ITW 13,133 USD 3,451,422 Industrials Stock
0.83% INTUITIVE SURGICAL INC US46120E6023 ISRG 3,923 USD 3,394,520 Health Care Stock
0.83% TJX COS INC/THE US8725401090 TJX 45,904 USD 3,394,178 Consumer Discretionary Stock
0.73% ESTEE LAUDER COS INC/THE US5184391044 EL 10,624 USD 2,978,264 Consumer Staples Stock
0.69% AIR PRODUCTS AND CHEMICALS INC US0091581068 APD 7,199 USD 2,810,775 Materials Stock
0.67% PROGRESSIVE CORP/THE US7433151039 PGR 21,481 USD 2,746,249 Financials Stock
0.66% BIOGEN INC US09062X1037 BIIB 7,397 USD 2,679,831 Health Care Stock
0.62% EDWARDS LIFESCIENCES CORP US28176E1082 EW 23,064 USD 2,532,789 Health Care Stock
0.57% APPLIED MATERIALS INC US0382221051 AMAT 31,313 USD 2,320,681 Information Technology Stock
0.56% LAM RESEARCH CORP US5128071082 LRCX 5,631 USD 2,283,294 Information Technology Stock
0.52% REGENERON PHARMACEUTICALS INC US75886F1075 REGN 2,883 USD 2,112,839 Health Care Stock
0.52% CARRIER GLOBAL CORP US14448C1045 CARR 51,852 USD 2,107,251 Industrials Stock
0.48% ILLUMINA INC US4523271090 ILMN 5,064 USD 1,975,114 Health Care Stock
0.47% LULULEMON ATHLETICA INC US5500211090 LULU 4,919 USD 1,913,755 Consumer Discretionary Stock
0.46% ROSS STORES INC US7782961038 ROST 15,360 USD 1,870,651 Consumer Discretionary Stock
0.45% EMERSON ELECTRIC CO US2910111044 EMR 20,366 USD 1,823,882 Industrials Stock
0.42% COGNIZANT TECHNOLOGY SOLUTIONS CORP US1924461023 CTSH 18,825 USD 1,710,973 Information Technology Stock
0.40% CUMMINS INC US2310211063 CMI 5,859 USD 1,638,685 Industrials Stock
0.40% MONSTER BEVERAGE CORP US61174X1090 MNST 15,676 USD 1,634,363 Consumer Staples Stock
0.40% PUBLIC STORAGE US74460D1090 PSA 5,630 USD 1,642,333 Real Estate Stock
0.40% T ROWE PRICE GROUP INC US74144T1088 TROW 9,688 USD 1,636,377 Financials Stock
0.38% SYSCO CORP US8718291078 SYY 17,317 USD 1,545,799 Consumer Staples Stock
0.38% VEEVA SYSTEMS INC US9224751084 VEEV 4,406 USD 1,546,336 Health Care Stock
0.36% PAYCHEX INC US7043261079 PAYX 14,019 USD 1,454,204 Information Technology Stock
0.35% BEST BUY CO INC US0865161014 BBY 10,195 USD 1,420,725 Consumer Discretionary Stock
0.34% AMPHENOL CORP US0320951017 APH 9,740 USD 1,399,614 Information Technology Stock
0.34% KLA CORP US4824801009 KLAC 5,876 USD 1,387,966 Information Technology Stock
0.33% FASTENAL CO US3119001044 FAST 22,857 USD 1,328,641 Industrials Stock
0.32% ALIGN TECHNOLOGY INC US0162551016 ALGN 3,106 USD 1,315,852 Health Care Stock
0.32% XILINX INC US9839191015 XLNX 9,722 USD 1,292,446 Information Technology Stock
0.31% CADENCE DESIGN SYSTEMS INC US1273871087 CDNS 9,689 USD 1,275,782 Information Technology Stock
0.29% COPART INC US2172041061 CPRT 8,514 USD 1,164,893 Industrials Stock
0.29% VF CORP US9182041080 VFC 12,240 USD 1,165,302 Consumer Discretionary Stock
0.28% METTLER-TOLEDO INTERNATIONAL INC US5926881054 MTD 883 USD 1,138,048 Health Care Stock
0.28% AFLAC INC US0010551028 AFL 22,718 USD 1,133,451 Financials Stock
0.27% HERSHEY CO/THE US4278661081 HSY 5,903 USD 1,082,377 Consumer Staples Stock
0.27% SKYWORKS SOLUTIONS INC US83088M1027 SWKS 6,093 USD 1,093,813 Information Technology Stock
0.26% BROWN-FORMAN CORP US1156372096 BF/B 10,574 USD 1,065,728 Consumer Staples Stock
0.25% MAXIM INTEGRATED PRODUCTS INC US57772K1016 MXIM 11,777 USD 1,028,111 Information Technology Stock
0.25% RESMED INC US7611521078 RMD 4,605 USD 1,033,345 Health Care Stock
0.23% LYONDELLBASELL INDUSTRIES NV NL0009434992 LYB 8,800 USD 917,594 Materials Stock
0.22% AMERIPRISE FINANCIAL INC US03076C1062 AMP 4,251 USD 884,894 Financials Stock
0.22% MARKETAXESS HOLDINGS INC US57060D1081 MKTX 1,532 USD 887,009 Financials Stock
0.22% WEST PHARMACEUTICAL SERVICES INC US9553061055 WST 2,474 USD 906,909 Health Care Stock
0.21% OLD DOMINION FREIGHT LINE INC US6795801009 ODFL 3,495 USD 849,124 Industrials Stock
0.21% CARDINAL HEALTH INC US14149Y1082 CAH 13,832 USD 870,487 Health Care Stock
0.21% CITRIX SYSTEMS INC US1773761002 CTXS 4,947 USD 874,894 Information Technology Stock
0.20% NVR INC US62944T1051 NVR 150 USD 798,533 Consumer Discretionary Stock
0.20% WW GRAINGER INC US3848021040 GWW 1,737 USD 804,932 Industrials Stock
0.20% LAMB WESTON HOLDINGS INC US5132721045 LW 9,129 USD 823,454 Consumer Staples Stock
0.20% TAKE-TWO INTERACTIVE SOFTWARE INC US8740541094 TTWO 3,829 USD 800,992 Communication Services Stock
0.19% EXPEDITORS INTERNATIONAL OF WASHINGTON INC US3021301094 EXPD 6,505 USD 784,069 Industrials Stock
0.18% FACTSET RESEARCH SYSTEMS INC US3030751057 FDS 1,656 USD 735,288 Financials Stock
0.18% VARIAN MEDICAL SYSTEMS INC US92220P1057 VAR 3,227 USD 736,266 Health Care Stock
0.18% LAS VEGAS SANDS CORP US5178341070 LVS 11,248 USD 727,466 Consumer Discretionary Stock
0.17% BROADRIDGE FINANCIAL SOLUTIONS INC US11133T1034 BR 3,984 USD 691,543 Information Technology Stock
0.17% PAYCOM SOFTWARE INC US70432V1026 PAYC 1,933 USD 698,309 Information Technology Stock
0.17% CDW CORP/DE US12514G1085 CDW 4,756 USD 708,221 Information Technology Stock
0.16% CH ROBINSON WORLDWIDE INC US12541W2098 CHRW 4,839 USD 658,691 Industrials Stock
0.16% GARMIN LTD CH0114405324 GRMN 5,138 USD 653,276 Consumer Discretionary Stock
0.16% HORMEL FOODS CORP US4404521001 HRL 10,144 USD 652,717 Consumer Staples Stock
0.16% TRACTOR SUPPLY CO US8923561067 TSCO 3,635 USD 662,629 Consumer Discretionary Stock
0.16% TERADYNE INC US8807701029 TER 6,415 USD 646,637 Information Technology Stock
0.16% FAIR ISAAC CORP US3032501047 FICO 1,127 USD 650,064 Information Technology Stock
0.15% IDEX CORP US45167R1041 IEX 2,549 USD 625,918 Industrials Stock
0.15% JACK HENRY & ASSOCIATES INC US4262811015 JKHY 2,911 USD 621,788 Information Technology Stock
0.15% ULTA BEAUTY INC US90384S3031 ULTA 2,041 USD 624,288 Consumer Discretionary Stock
0.14% DARDEN RESTAURANTS INC US2371941053 DRI 4,694 USD 557,419 Consumer Discretionary Stock
0.14% NETAPP INC US64110D1046 NTAP 10,111 USD 568,652 Information Technology Stock
0.14% SEAGATE TECHNOLOGY PLC IE00B58JVZ52 STX 8,890 USD 572,850 Information Technology Stock
0.13% ARISTA NETWORKS INC US0404131064 ANET 2,045 USD 542,484 Information Technology Stock
0.13% SVB FINANCIAL GROUP US78486Q1013 SIVB 1,685 USD 547,935 Financials Stock
0.12% JB HUNT TRANSPORT SERVICES INC US4456581077 JBHT 2,794 USD 485,388 Industrials Stock
0.12% AVERY DENNISON CORP US0536111091 AVY 2,966 USD 491,232 Materials Stock
0.11% ALLEGION PLC IE00BFRT3W74 ALLE 3,368 USD 458,990 Industrials Stock
0.11% COGNEX CORP US1924221039 CGNX 5,701 USD 462,923 Information Technology Stock
0.11% OMNICOM GROUP INC US6819191064 OMC 6,849 USD 466,012 Communication Services Stock
0.11% TD AMERITRADE HOLDING CORP US87236Y1082 AMTD 9,032 USD 464,455 Financials Stock
0.10% FIDELITY NATIONAL FINANCIAL INC US31620R3030 FNF 9,113 USD 403,067 Financials Stock
0.10% HENRY SCHEIN INC US8064071025 HSIC 4,836 USD 389,174 Health Care Stock
0.09% F5 NETWORKS INC US3156161024 FFIV 2,302 USD 367,161 Information Technology Stock
0.09% ROLLINS INC US7757111049 ROL 5,026 USD 347,745 Industrials Stock
0.09% SEI INVESTMENTS CO US7841171033 SEIC 5,272 USD 348,065 Financials Stock
0.09% SNAP-ON INC US8330341012 SNA 1,796 USD 349,726 Industrials Stock
0.08% BORGWARNER INC US0997241064 BWA 6,686 USD 344,169 Consumer Discretionary Stock
0.08% ROBERT HALF INTERNATIONAL INC US7703231032 RHI 4,842 USD 343,003 Industrials Stock
0.08% HEICO CORP US4228062083 HEI/A 2,585 USD 318,607 Industrials Stock
0.08% A O SMITH CORP US8318652091 AOS 4,872 USD 342,363 Industrials Stock
0.07% ERIE INDEMNITY CO US29530P1021 ERIE 1,024 USD 297,888 Financials Stock
0.07% FRANKLIN RESOURCES INC US3546131018 BEN 10,211 USD 285,993 Financials Stock
0.07% HUNTINGTON INGALLS INDUSTRIES INC US4464131063 HII 1,421 USD 279,799 Industrials Stock
0.06% SOUTHWEST AIRLINES CO US8447411088 LUV 4,393 USD 230,947 Industrials Stock
0.06% DELTA AIR LINES INC US2473617023 DAL 5,287 USD 229,168 Industrials Stock
0.06% HEICO CORP US4228061093 HEI 1,575 USD 231,479 Industrials Stock
0.05% EAST WEST BANCORP INC US27579R1041 EWBC 4,849 USD 219,399 Financials Stock
0.04% RALPH LAUREN CORP US7512121010 RL 1,685 USD 168,648 Consumer Discretionary Stock
0.23% CASH - - 1 CAD 919,136 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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