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Overview

Fund Profile

Key Facts

Fund Ticker ZUQ
Net Assets (Mn)
(Feb 25, 2020)
$ 324.39
Base Currency CAD
Closing Market Price $ 42.00
12-Month Low/High (Market Price) $ 35.21 / $ 45.46
Closing NAV Price
(Feb 25, 2020)
$ 42.0335
12-Month Low/High (Price (NAV)) $ 35.1855 / $ 45.4587
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.

0.81%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.30%
Management Expense Ratio 0.34%
Market Volume 69,398
Distribution Frequency Quarterly
Options Available No
Inception Date Nov 05, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 7,718
Index MSCI USA Quality Index
Market Cap ($Bn)
(Jan 31, 2020)
15,258.23
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)
(Feb 25, 2020)
$ 324.39
Market Price $ 42.00
12-Month Low/High (Market Price) $ 35.21 / $ 45.46
Price (NAV) $ 42.0335
12-Month Low/High (Price (NAV)) $ 35.1855 / $ 45.4587
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 42.00 $ -1.40 -3.23%
Price (NAV) $ 42.0335 $ -1.2891 -2.98%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 29.68% 16.93% 18.97% 15.29% - 17.02%
Index 29.79% 17.16% 19.00% 15.44% - 17.14%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014
NAV 2.48% 31.53% 5.13% 17.15% 4.06% 26.70% 4.15%
Index 2.57% 31.44% 5.60% 17.08% 3.63% 27.69% 3.88%
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 2.48% 2.48% 9.19% 12.04% 29.68% 36.74% 68.38% 103.64% - 127.94%
Index 2.57% 2.57% 9.38% 12.57% 29.79% 37.26% 68.51% 105.02% - 129.13%

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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

99.80%

Cash and Cash Equivalents

0.20%

Number of Holdings

126

Total Net Assets

$ 324,393,305.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.52% MICROSOFT CORP US5949181045 MSFT 80,085 USD 17,892,899 Information Technology Stock
5.33% APPLE INC US0378331005 AAPL 45,137 USD 17,285,627 Information Technology Stock
5.02% JOHNSON & JOHNSON US4781601046 JNJ 84,710 USD 16,288,926 Health Care Stock
5.00% MASTERCARD INC US57636Q1040 MA 40,257 USD 16,209,353 Information Technology Stock
4.69% VISA INC US92826C8394 V 60,809 USD 15,229,586 Information Technology Stock
3.62% PROCTER & GAMBLE CO/THE US7427181091 PG 72,678 USD 11,731,899 Consumer Staples Stock
3.46% INTEL CORP US4581401001 INTC 141,182 USD 11,210,144 Information Technology Stock
2.88% PEPSICO INC US7134481081 PEP 49,825 USD 9,345,739 Consumer Staples Stock
2.69% MERCK & CO INC US58933Y1055 MRK 81,677 USD 8,715,501 Health Care Stock
2.64% ALPHABET INC US02079K1079 GOOG 4,636 USD 8,556,832 Communication Services Stock
2.56% CISCO SYSTEMS INC US17275R1023 CSCO 146,066 USD 8,298,947 Information Technology Stock
2.53% ALPHABET INC US02079K3059 GOOGL 4,446 USD 8,193,553 Communication Services Stock
2.12% ADOBE INC US00724F1012 ADBE 14,858 USD 6,869,566 Information Technology Stock
2.01% ELI LILLY & CO US5324571083 LLY 36,141 USD 6,505,643 Health Care Stock
2.01% TEXAS INSTRUMENTS INC US8825081040 TXN 41,337 USD 6,505,140 Information Technology Stock
1.95% ACCENTURE PLC IE00B4BNMY34 ACN 24,129 USD 6,322,157 Information Technology Stock
1.93% NIKE INC US6541061031 NKE 50,575 USD 6,245,841 Consumer Discretionary Stock
1.77% AMGEN INC US0311621009 AMGN 20,530 USD 5,741,597 Health Care Stock
1.76% NVIDIA CORP US67066G1040 NVDA 16,428 USD 5,722,795 Information Technology Stock
1.70% COSTCO WHOLESALE CORP US22160K1051 COST 13,568 USD 5,498,825 Consumer Staples Stock
1.62% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 27,908 USD 5,257,370 Information Technology Stock
1.51% ORACLE CORP US68389X1054 ORCL 72,244 USD 4,894,074 Information Technology Stock
1.47% UNION PACIFIC CORP US9078181081 UNP 21,020 USD 4,775,169 Industrials Stock
1.38% BOOKING HOLDINGS INC US09857L1089 BKNG 1,954 USD 4,484,878 Consumer Discretionary Stock
1.30% TJX COS INC/THE US8725401090 TJX 53,279 USD 4,229,755 Consumer Discretionary Stock
1.22% INTUIT INC US4612021034 INTU 10,460 USD 3,960,144 Information Technology Stock
1.21% 3M CO US88579Y1010 MMM 20,119 USD 3,927,532 Industrials Stock
1.17% AUTOMATIC DATA PROCESSING INC US0530151036 ADP 17,054 USD 3,790,093 Information Technology Stock
1.05% ALTRIA GROUP INC US02209S1033 MO 60,519 USD 3,418,360 Consumer Staples Stock
0.95% BRISTOL-MYERS SQUIBB CO US1101221083 BMY 37,191 USD 3,072,193 Health Care Stock
0.90% BIOGEN INC US09062X1037 BIIB 6,790 USD 2,925,510 Health Care Stock
0.88% ILLINOIS TOOL WORKS INC US4523081093 ITW 12,112 USD 2,859,392 Industrials Stock
0.81% APPLIED MATERIALS INC US0382221051 AMAT 33,579 USD 2,627,407 Information Technology Stock
0.79% INTUITIVE SURGICAL INC US46120E6023 ISRG 3,432 USD 2,548,152 Health Care Stock
0.76% ROSS STORES INC US7782961038 ROST 15,939 USD 2,473,759 Consumer Discretionary Stock
0.71% RAYTHEON CO US7551115071 RTN 8,551 USD 2,312,217 Industrials Stock
0.66% ESTEE LAUDER COS INC/THE US5184391044 EL 8,417 USD 2,141,937 Consumer Staples Stock
0.63% EDWARDS LIFESCIENCES CORP US28176E1082 EW 6,838 USD 2,036,818 Health Care Stock
0.59% LAM RESEARCH CORP US5128071082 LRCX 4,943 USD 1,920,171 Information Technology Stock
0.53% DOLLAR GENERAL CORP US2566771059 DG 8,006 USD 1,718,808 Consumer Discretionary Stock
0.51% IDEXX LABORATORIES INC US45168D1046 IDXX 4,889 USD 1,668,408 Health Care Stock
0.49% PUBLIC STORAGE US74460D1090 PSA 5,436 USD 1,596,155 Real Estate Stock
0.48% EMERSON ELECTRIC CO US2910111044 EMR 17,756 USD 1,572,022 Industrials Stock
0.46% REGENERON PHARMACEUTICALS INC US75886F1075 REGN 2,529 USD 1,487,148 Health Care Stock
0.46% SYSCO CORP US8718291078 SYY 15,083 USD 1,484,746 Consumer Staples Stock
0.45% COGNIZANT TECHNOLOGY SOLUTIONS CORP US1924461023 CTSH 17,108 USD 1,466,438 Information Technology Stock
0.44% PAYCHEX INC US7043261079 PAYX 12,795 USD 1,422,125 Information Technology Stock
0.44% T ROWE PRICE GROUP INC US74144T1088 TROW 8,504 USD 1,430,508 Financials Stock
0.42% ROCKWELL AUTOMATION INC US7739031091 ROK 5,227 USD 1,367,954 Industrials Stock
0.40% LULULEMON ATHLETICA INC US5500211090 LULU 4,119 USD 1,307,626 Consumer Discretionary Stock
0.40% TE CONNECTIVITY LTD CH0102993182 TEL 11,423 USD 1,311,239 Information Technology Stock
0.37% AMPHENOL CORP US0320951017 APH 9,338 USD 1,185,114 Information Technology Stock
0.37% MONSTER BEVERAGE CORP US61174X1090 MNST 13,653 USD 1,209,127 Consumer Staples Stock
0.36% VF CORP US9182041080 VFC 11,222 USD 1,152,264 Consumer Discretionary Stock
0.34% CUMMINS INC US2310211063 CMI 5,130 USD 1,098,018 Industrials Stock
0.33% KLA CORP US4824801009 KLAC 5,451 USD 1,068,175 Information Technology Stock
0.31% XILINX INC US9839191015 XLNX 8,904 USD 992,848 Information Technology Stock
0.31% LAMB WESTON HOLDINGS INC US5132721045 LW 8,012 USD 998,721 Consumer Staples Stock
0.30% BEST BUY CO INC US0865161014 BBY 8,840 USD 962,327 Consumer Discretionary Stock
0.30% FASTENAL CO US3119001044 FAST 19,954 USD 959,175 Industrials Stock
0.30% METTLER-TOLEDO INTERNATIONAL INC US5926881054 MTD 1,024 USD 956,962 Health Care Stock
0.29% HERSHEY CO/THE US4278661081 HSY 4,491 USD 939,218 Consumer Staples Stock
0.27% COPART INC US2172041061 CPRT 7,355 USD 869,599 Industrials Stock
0.27% LYONDELLBASELL INDUSTRIES NV NL0009434992 LYB 8,603 USD 862,419 Materials Stock
0.27% RESMED INC US7611521078 RMD 4,046 USD 891,817 Health Care Stock
0.26% ALIGN TECHNOLOGY INC US0162551016 ALGN 2,727 USD 832,368 Health Care Stock
0.26% BROWN-FORMAN CORP US1156372096 BF/B 9,471 USD 833,854 Consumer Staples Stock
0.26% CADENCE DESIGN SYSTEMS INC US1273871087 CDNS 9,303 USD 846,517 Information Technology Stock
0.26% WATERS CORP US9418481035 WAT 3,169 USD 856,739 Health Care Stock
0.25% AMERIPRISE FINANCIAL INC US03076C1062 AMP 3,931 USD 816,407 Financials Stock
0.25% MAXIM INTEGRATED PRODUCTS INC US57772K1016 MXIM 10,624 USD 809,672 Information Technology Stock
0.25% SKYWORKS SOLUTIONS INC US83088M1027 SWKS 5,842 USD 824,523 Information Technology Stock
0.25% ULTA BEAUTY INC US90384S3031 ULTA 2,168 USD 801,176 Consumer Discretionary Stock
0.24% VEEVA SYSTEMS INC US9224751084 VEEV 3,868 USD 771,083 Health Care Stock
0.24% AMCOR PLC JE00BJ1F3079 AMCR 60,451 USD 777,086 Materials Stock
0.22% OMNICOM GROUP INC US6819191064 OMC 7,393 USD 727,460 Communication Services Stock
0.22% CDW CORP/DE US12514G1085 CDW 4,371 USD 727,195 Information Technology Stock
0.21% BURLINGTON STORES INC US1220171060 BURL 2,134 USD 667,337 Consumer Discretionary Stock
0.20% NVR INC US62944T1051 NVR 128 USD 656,853 Consumer Discretionary Stock
0.20% WESTERN UNION CO/THE US9598021098 WU 20,187 USD 645,664 Information Technology Stock
0.19% DARDEN RESTAURANTS INC US2371941053 DRI 4,131 USD 613,680 Consumer Discretionary Stock
0.19% PAYCOM SOFTWARE INC US70432V1026 PAYC 1,589 USD 610,275 Information Technology Stock
0.18% EXPEDITORS INTERNATIONAL OF WASHINGTON INC US3021301094 EXPD 6,204 USD 596,609 Industrials Stock
0.18% MARKETAXESS HOLDINGS INC US57060D1081 MKTX 1,347 USD 593,058 Financials Stock
0.18% NETAPP INC US64110D1046 NTAP 8,873 USD 575,612 Information Technology Stock
0.18% WW GRAINGER INC US3848021040 GWW 1,523 USD 576,586 Industrials Stock
0.17% ALLEGION PLC IE00BFRT3W74 ALLE 3,360 USD 553,860 Industrials Stock
0.17% BROADRIDGE FINANCIAL SOLUTIONS INC US11133T1034 BR 3,795 USD 567,297 Information Technology Stock
0.17% FACTSET RESEARCH SYSTEMS INC US3030751057 FDS 1,453 USD 556,401 Financials Stock
0.17% OLD DOMINION FREIGHT LINE INC US6795801009 ODFL 2,038 USD 566,036 Industrials Stock
0.17% TRACTOR SUPPLY CO US8923561067 TSCO 4,377 USD 541,999 Consumer Discretionary Stock
0.16% GARMIN LTD CH0114405324 GRMN 4,122 USD 504,121 Consumer Discretionary Stock
0.16% HORMEL FOODS CORP US4404521001 HRL 8,799 USD 523,088 Consumer Staples Stock
0.16% JACK HENRY & ASSOCIATES INC US4262811015 JKHY 2,445 USD 532,230 Information Technology Stock
0.16% SEAGATE TECHNOLOGY PLC IE00B58JVZ52 STX 7,803 USD 523,003 Information Technology Stock
0.15% ARISTA NETWORKS INC US0404131064 ANET 1,795 USD 491,530 Information Technology Stock
0.15% CELANESE CORP US1508701034 CE 3,714 USD 482,908 Materials Stock
0.15% IDEX CORP US45167R1041 IEX 2,237 USD 484,246 Industrials Stock
0.15% TD AMERITRADE HOLDING CORP US87236Y1082 AMTD 8,410 USD 487,664 Financials Stock
0.15% VARIAN MEDICAL SYSTEMS INC US92220P1057 VAR 2,715 USD 476,340 Health Care Stock
0.14% TERADYNE INC US8807701029 TER 5,515 USD 451,832 Information Technology Stock
0.13% CH ROBINSON WORLDWIDE INC US12541W2098 CHRW 4,544 USD 434,015 Industrials Stock
0.13% HUNTINGTON INGALLS INDUSTRIES INC US4464131063 HII 1,447 USD 428,629 Industrials Stock
0.13% AVERY DENNISON CORP US0536111091 AVY 2,602 USD 420,334 Materials Stock
0.12% F5 NETWORKS INC US3156161024 FFIV 2,216 USD 373,503 Information Technology Stock
0.12% SEI INVESTMENTS CO US7841171033 SEIC 4,626 USD 390,375 Financials Stock
0.11% SNAP-ON INC US8330341012 SNA 1,775 USD 362,505 Industrials Stock
0.10% COGNEX CORP US1924221039 CGNX 5,002 USD 312,123 Information Technology Stock
0.10% JB HUNT TRANSPORT SERVICES INC US4456581077 JBHT 2,452 USD 330,096 Industrials Stock
0.10% ROBERT HALF INTERNATIONAL INC US7703231032 RHI 4,646 USD 330,178 Industrials Stock
0.09% FRANKLIN RESOURCES INC US3546131018 BEN 8,964 USD 280,986 Financials Stock
0.09% ROLLINS INC US7757111049 ROL 5,400 USD 277,520 Industrials Stock
0.09% ABIOMED INC US0036541003 ABMD 1,457 USD 307,574 Health Care Stock
0.08% AO SMITH CORP US8318652091 AOS 4,667 USD 254,057 Industrials Stock
0.08% LEAR CORP US5218652049 LEA 1,729 USD 255,748 Consumer Discretionary Stock
0.08% SOUTHWEST AIRLINES CO US8447411088 LUV 3,855 USD 254,490 Industrials Stock
0.08% WABCO HOLDINGS INC US92927K1025 WBC 1,499 USD 269,931 Industrials Stock
0.07% BORGWARNER INC US0997241064 BWA 5,868 USD 240,025 Consumer Discretionary Stock
0.07% EAST WEST BANCORP INC US27579R1041 EWBC 4,258 USD 231,170 Financials Stock
0.06% EATON VANCE CORP US2782651036 EV 3,453 USD 209,958 Financials Stock
0.06% ERIE INDEMNITY CO US29530P1021 ERIE 896 USD 186,919 Financials Stock
0.06% IPG PHOTONICS CORP US44980X1090 IPGP 1,096 USD 185,108 Information Technology Stock
0.06% MANPOWERGROUP INC US56418H1005 MAN 1,795 USD 195,500 Industrials Stock
0.05% ACUITY BRANDS INC US00508Y1029 AYI 1,222 USD 174,386 Industrials Stock
0.05% GAP INC/THE US3647601083 GPS 7,276 USD 148,664 Consumer Discretionary Stock
0.20% CASH - - 1 CAD 632,775 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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