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Overview

Fund Profile

Key Facts

Fund Ticker ZUQ
Net Assets (Mn)
(Sep 18, 2019)
$ 286.28
Base Currency CAD
Closing Market Price $ 39.13
12-Month Low/High (Market Price) $ 30.50 / $ 39.25
Closing NAV Price
(Sep 18, 2019)
$ 39.1223
12-Month Low/High (Price (NAV)) $ 30.2148 / $ 39.2042
Annualized Distribution Yield
(Sep 13, 2019)

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

0.92%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.30%
Management Expense Ratio 0.34%
Market Volume 11,539
Distribution Frequency Quarterly
Options Available No
Inception Date Nov 05, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 7,318
Index MSCI USA Quality Index
Market Cap ($Bn)
(Aug 30, 2019)
13,743.75
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, 2019)
$ 286.28
Market Price $ 39.13
12-Month Low/High (Market Price) $ 30.50 / $ 39.25
Price (NAV) $ 39.1223
12-Month Low/High (Price (NAV)) $ 30.2148 / $ 39.2042
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 39.13 $ 0.13 0.33%
Price (NAV) $ 39.1223 $ 0.1345 0.34%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 8.52% 18.51% 15.50% - - 15.74%
Index 8.48% 18.28% 15.54% - - 15.82%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014
NAV 19.62% 5.13% 17.15% 4.06% 26.70% 4.15%
Index 19.41% 5.60% 17.08% 3.63% 27.69% 3.88%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 19.62% -0.57% 6.41% 9.79% 8.52% 40.45% 54.09% - - 102.29%
Index 19.41% -0.29% 6.20% 9.54% 8.48% 39.90% 54.25% - - 102.95%

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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, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.090000 0.000000 0.090000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.090000 0.000000 0.090000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
Download Distribution Tax (Excel)
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, 2019

Stock

99.82%

Cash and Cash Equivalents

0.18%

Number of Holdings

125

Total Net Assets

$ 286,277,430.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.61% APPLE INC US0378331005 AAPL 54,240 USD 16,053,533 Information Technology Stock
5.14% MICROSOFT CORP US5949181045 MSFT 79,976 USD 14,718,597 Information Technology Stock
4.81% FACEBOOK INC US30303M1027 FB 55,139 USD 13,782,699 Communication Services Stock
4.31% JOHNSON & JOHNSON US4781601046 JNJ 71,142 USD 12,326,257 Health Care Stock
4.28% MASTERCARD INC US57636Q1040 MA 33,533 USD 12,256,240 Information Technology Stock
4.07% VISA INC US92826C8394 V 50,058 USD 11,658,022 Information Technology Stock
3.45% PROCTER & GAMBLE CO/THE US7427181091 PG 61,312 USD 9,889,952 Consumer Staples Stock
2.98% INTEL CORP US4581401001 INTC 124,194 USD 8,537,315 Information Technology Stock
2.81% WALT DISNEY CO/THE US2546871060 DIS 44,202 USD 8,033,823 Communication Services Stock
2.74% CISCO SYSTEMS INC US17275R1023 CSCO 119,648 USD 7,843,300 Information Technology Stock
2.60% PEPSICO INC US7134481081 PEP 41,320 USD 7,438,645 Consumer Staples Stock
2.55% ALPHABET INC US02079K1079 GOOG 4,465 USD 7,310,901 Communication Services Stock
2.43% ALPHABET INC US02079K3059 GOOGL 4,254 USD 6,966,771 Communication Services Stock
2.10% TEXAS INSTRUMENTS INC US8825081040 TXN 34,950 USD 6,004,454 Information Technology Stock
1.84% ACCENTURE PLC IE00B4BNMY34 ACN 20,410 USD 5,264,170 Information Technology Stock
1.74% ORACLE CORP US68389X1054 ORCL 71,259 USD 4,976,103 Information Technology Stock
1.71% NIKE INC US6541061031 NKE 41,935 USD 4,907,363 Consumer Discretionary Stock
1.69% ADOBE INC US00724F1012 ADBE 13,000 USD 4,831,268 Information Technology Stock
1.64% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 24,783 USD 4,682,834 Information Technology Stock
1.58% AMGEN INC US0311621009 AMGN 17,492 USD 4,532,704 Health Care Stock
1.57% COSTCO WHOLESALE CORP US22160K1051 COST 11,581 USD 4,499,479 Consumer Staples Stock
1.45% NVIDIA CORP US67066G1040 NVDA 17,351 USD 4,148,996 Information Technology Stock
1.44% UNION PACIFIC CORP US9078181081 UNP 18,450 USD 4,114,942 Industrials Stock
1.41% 3M CO US88579Y1010 MMM 18,187 USD 4,045,894 Industrials Stock
1.37% HONEYWELL INTERNATIONAL INC US4385161066 HON 17,632 USD 3,934,844 Industrials Stock
1.30% BOOKING HOLDINGS INC US09857L1089 BKNG 1,360 USD 3,719,261 Consumer Discretionary Stock
1.24% TJX COS INC/THE US8725401090 TJX 47,458 USD 3,547,975 Consumer Discretionary Stock
1.19% ELI LILLY & CO US5324571083 LLY 22,719 USD 3,402,393 Health Care Stock
1.15% INTUIT INC US4612021034 INTU 9,226 USD 3,288,363 Information Technology Stock
1.03% AUTOMATIC DATA PROCESSING INC US0530151036 ADP 14,097 USD 2,954,918 Information Technology Stock
1.01% ALTRIA GROUP INC US02209S1033 MO 53,336 USD 2,894,013 Consumer Staples Stock
0.98% BRISTOL-MYERS SQUIBB CO US1101221083 BMY 42,168 USD 2,793,377 Health Care Stock
0.80% APPLIED MATERIALS INC US0382221051 AMAT 33,022 USD 2,285,346 Information Technology Stock
0.77% CELGENE CORP US1510201049 CELG 16,781 USD 2,199,871 Health Care Stock
0.74% ILLINOIS TOOL WORKS INC US4523081093 ITW 10,103 USD 2,111,414 Industrials Stock
0.70% INTUITIVE SURGICAL INC US46120E6023 ISRG 2,862 USD 2,018,228 Health Care Stock
0.69% ROSS STORES INC US7782961038 ROST 13,632 USD 1,968,898 Consumer Discretionary Stock
0.68% RAYTHEON CO US7551115071 RTN 7,318 USD 1,947,553 Industrials Stock
0.67% ESTEE LAUDER COS INC/THE US5184391044 EL 7,488 USD 1,910,322 Consumer Staples Stock
0.63% BIOGEN INC US09062X1037 BIIB 5,742 USD 1,794,070 Health Care Stock
0.61% EDWARDS LIFESCIENCES CORP US28176E1082 EW 5,989 USD 1,733,350 Health Care Stock
0.57% LAM RESEARCH CORP US5128071082 LRCX 5,180 USD 1,635,474 Information Technology Stock
0.53% GENERAL DYNAMICS CORP US3695501086 GD 5,958 USD 1,506,377 Industrials Stock
0.53% PUBLIC STORAGE US74460D1090 PSA 4,564 USD 1,518,783 Real Estate Stock
0.50% DOLLAR GENERAL CORP US2566771059 DG 6,900 USD 1,436,522 Consumer Discretionary Stock
0.47% EMERSON ELECTRIC CO US2910111044 EMR 15,455 USD 1,332,830 Industrials Stock
0.46% FISERV INC US3377381088 FISV 9,533 USD 1,321,523 Information Technology Stock
0.44% SYSCO CORP US8718291078 SYY 12,032 USD 1,260,634 Consumer Staples Stock
0.44% COGNIZANT TECHNOLOGY SOLUTIONS CORP US1924461023 CTSH 14,839 USD 1,252,106 Information Technology Stock
0.42% PAYCHEX INC US7043261079 PAYX 11,046 USD 1,214,709 Information Technology Stock
0.42% TE CONNECTIVITY LTD CH0102993182 TEL 9,647 USD 1,214,155 Information Technology Stock
0.42% KLA CORP US4824801009 KLAC 5,661 USD 1,188,200 Information Technology Stock
0.39% T ROWE PRICE GROUP INC US74144T1088 TROW 7,176 USD 1,116,531 Financials Stock
0.39% XILINX INC US9839191015 XLNX 8,047 USD 1,121,725 Information Technology Stock
0.38% VF CORP US9182041080 VFC 9,260 USD 1,077,605 Consumer Discretionary Stock
0.37% LYONDELLBASELL INDUSTRIES NV NL0009434992 LYB 9,047 USD 1,062,194 Materials Stock
0.35% AMPHENOL CORP US0320951017 APH 7,966 USD 997,824 Information Technology Stock
0.33% ROCKWELL AUTOMATION INC US7739031091 ROK 4,363 USD 948,221 Industrials Stock
0.31% CUMMINS INC US2310211063 CMI 4,175 USD 900,540 Industrials Stock
0.31% LULULEMON ATHLETICA INC US5500211090 LULU 3,413 USD 885,862 Consumer Discretionary Stock
0.31% MONSTER BEVERAGE CORP US61174X1090 MNST 11,564 USD 896,639 Consumer Staples Stock
0.30% REGENERON PHARMACEUTICALS INC US75886F1075 REGN 2,299 USD 870,702 Health Care Stock
0.27% METTLER-TOLEDO INTERNATIONAL INC US5926881054 MTD 824 USD 776,244 Health Care Stock
0.26% FASTENAL CO US3119001044 FAST 17,142 USD 748,610 Industrials Stock
0.26% HERSHEY CO/THE US4278661081 HSY 3,667 USD 745,656 Consumer Staples Stock
0.25% AMERIPRISE FINANCIAL INC US03076C1062 AMP 3,628 USD 711,167 Financials Stock
0.25% BROWN-FORMAN CORP US1156372096 BF/B 8,190 USD 702,492 Consumer Staples Stock
0.24% CADENCE DESIGN SYSTEMS INC US1273871087 CDNS 7,537 USD 678,826 Information Technology Stock
0.24% OMNICOM GROUP INC US6819191064 OMC 6,516 USD 686,080 Communication Services Stock
0.24% RESMED INC US7611521078 RMD 3,936 USD 693,310 Health Care Stock
0.23% COPART INC US2172041061 CPRT 6,085 USD 667,540 Industrials Stock
0.23% BEST BUY CO INC US0865161014 BBY 7,493 USD 668,492 Consumer Discretionary Stock
0.23% CLOROX CO/THE US1890541097 CLX 3,155 USD 653,072 Consumer Staples Stock
0.22% MAXIM INTEGRATED PRODUCTS INC US57772K1016 MXIM 8,197 USD 640,255 Information Technology Stock
0.22% NETAPP INC US64110D1046 NTAP 8,512 USD 621,206 Information Technology Stock
0.22% WATERS CORP US9418481035 WAT 2,117 USD 642,240 Health Care Stock
0.22% VEEVA SYSTEMS INC US9224751084 VEEV 3,175 USD 618,488 Health Care Stock
0.21% NVR INC US62944T1051 NVR 120 USD 589,690 Consumer Discretionary Stock
0.20% DARDEN RESTAURANTS INC US2371941053 DRI 3,421 USD 577,824 Consumer Discretionary Stock
0.20% SKYWORKS SOLUTIONS INC US83088M1027 SWKS 5,341 USD 569,387 Information Technology Stock
0.20% ULTA BEAUTY INC US90384S3031 ULTA 1,859 USD 566,439 Consumer Discretionary Stock
0.19% ALIGN TECHNOLOGY INC US0162551016 ALGN 2,291 USD 535,104 Health Care Stock
0.19% BROADRIDGE FINANCIAL SOLUTIONS INC US11133T1034 BR 3,303 USD 554,426 Information Technology Stock
0.19% CELANESE CORP US1508701034 CE 3,325 USD 546,633 Materials Stock
0.19% MARKETAXESS HOLDINGS INC US57060D1081 MKTX 1,180 USD 539,305 Financials Stock
0.18% EXPEDITORS INTERNATIONAL OF WASHINGTON INC US3021301094 EXPD 5,292 USD 529,360 Industrials Stock
0.18% WW GRAINGER INC US3848021040 GWW 1,345 USD 522,652 Industrials Stock
0.17% ARISTA NETWORKS INC US0404131064 ANET 1,505 USD 493,087 Information Technology Stock
0.17% BURLINGTON STORES INC US1220171060 BURL 1,825 USD 480,090 Consumer Discretionary Stock
0.16% TRACTOR SUPPLY CO US8923561067 TSCO 3,656 USD 454,406 Consumer Discretionary Stock
0.16% TD AMERITRADE HOLDING CORP US87236Y1082 AMTD 7,085 USD 465,573 Financials Stock
0.15% CH ROBINSON WORLDWIDE INC US12541W2098 CHRW 3,815 USD 439,905 Industrials Stock
0.15% HORMEL FOODS CORP US4404521001 HRL 7,454 USD 425,449 Consumer Staples Stock
0.15% IDEX CORP US45167R1041 IEX 1,924 USD 435,607 Industrials Stock
0.15% JACK HENRY & ASSOCIATES INC US4262811015 JKHY 2,120 USD 415,538 Information Technology Stock
0.15% FACTSET RESEARCH SYSTEMS INC US3030751057 FDS 1,180 USD 443,673 Financials Stock
0.15% PAYCOM SOFTWARE INC US70432V1026 PAYC 1,505 USD 432,041 Information Technology Stock
0.14% GARMIN LTD CH0114405324 GRMN 3,416 USD 389,993 Consumer Discretionary Stock
0.14% HUNTINGTON INGALLS INDUSTRIES INC US4464131063 HII 1,371 USD 400,186 Industrials Stock
0.14% OLD DOMINION FREIGHT LINE INC US6795801009 ODFL 1,736 USD 401,069 Industrials Stock
0.14% VARIAN MEDICAL SYSTEMS INC US92220P1057 VAR 2,573 USD 401,467 Health Care Stock
0.13% F5 NETWORKS INC US3156161024 FFIV 2,002 USD 369,108 Information Technology Stock
0.13% ALLEGION PLC IE00BFRT3W74 ALLE 2,790 USD 379,242 Industrials Stock
0.11% FRANKLIN RESOURCES INC US3546131018 BEN 7,711 USD 301,608 Financials Stock
0.11% JB HUNT TRANSPORT SERVICES INC US4456581077 JBHT 2,127 USD 323,965 Industrials Stock
0.11% SEI INVESTMENTS CO US7841171033 SEIC 3,991 USD 319,419 Financials Stock
0.11% SNAP-ON INC US8330341012 SNA 1,584 USD 326,598 Industrials Stock
0.10% COGNEX CORP US1924221039 CGNX 4,249 USD 283,221 Information Technology Stock
0.10% ROBERT HALF INTERNATIONAL INC US7703231032 RHI 4,011 USD 295,760 Industrials Stock
0.10% SPIRIT AEROSYSTEMS HOLDINGS INC US8485741099 SPR 2,539 USD 288,452 Industrials Stock
0.09% AO SMITH CORP US8318652091 AOS 4,033 USD 261,482 Industrials Stock
0.09% BORGWARNER INC US0997241064 BWA 5,169 USD 258,013 Consumer Discretionary Stock
0.09% LEAR CORP US5218652049 LEA 1,641 USD 259,317 Consumer Discretionary Stock
0.09% SOUTHWEST AIRLINES CO US8447411088 LUV 3,359 USD 250,941 Industrials Stock
0.08% EAST WEST BANCORP INC US27579R1041 EWBC 3,545 USD 215,430 Financials Stock
0.08% WABCO HOLDINGS INC US92927K1025 WBC 1,324 USD 236,506 Industrials Stock
0.07% ROLLINS INC US7757111049 ROL 4,627 USD 212,517 Industrials Stock
0.07% ERIE INDEMNITY CO US29530P1021 ERIE 750 USD 204,820 Financials Stock
0.06% ACUITY BRANDS INC US00508Y1029 AYI 961 USD 171,242 Industrials Stock
0.06% EATON VANCE CORP US2782651036 EV 2,879 USD 174,728 Financials Stock
0.06% IPG PHOTONICS CORP US44980X1090 IPGP 941 USD 174,017 Information Technology Stock
0.06% CAPRI HOLDINGS LTD VGG1890L1076 CPRI 4,066 USD 174,433 Consumer Discretionary Stock
0.06% MANPOWERGROUP INC US56418H1005 MAN 1,505 USD 171,781 Industrials Stock
0.05% GAP INC/THE US3647601083 GPS 6,209 USD 147,992 Consumer Discretionary Stock
0.18% CASH - - 1 CAD 526,644 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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