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Overview

Fund Profile

Key Facts

Fund Ticker ZUT
Net Assets (Mn)
(Dec 03, 2020)
$ 424.81
Base Currency CAD
Closing Market Price $ 23.81
12-Month Low/High (Market Price) $ 14.73 / $ 24.17
Closing NAV Price
(Dec 03, 2020)
$ 23.8144
12-Month Low/High (Price (NAV)) $ 14.7098 / $ 24.1614
Annualized Distribution Yield
(Nov 20, 2020)

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

3.60%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.61%
Market Volume 367,841
Distribution Frequency Monthly
Options Available Yes
Inception Date Jan 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 17,838
Index Solactive Equal Weight Canada Utilities Index
Market Cap ($Bn)
(Oct 30, 2020)
157.27
Exchange TSX
CUSIP 05590D106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Equal Weight Utilities Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Utilities Index net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.

Benchmark Info

The Solactive Equal Weight Canada Utilities Index consists of the securities that are classified as utilities. In addition, each security in this Index is allocated a fixed weight rather than a market capitalization weight. Solactive Equal Weight Canada Utilities Index is rebalanced semi-annually in March and September. To be included as a Constituent Security, an issue must meet certain minimum trading volume requirements and be incorporated in, or has its primary market listing in Canada.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to Canadian utility stocks
  • Equal weighted to lessen security specific risk
  • 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)
(Dec 03, 2020)
$ 424.81
Market Price $ 23.81
12-Month Low/High (Market Price) $ 14.73 / $ 24.17
Price (NAV) $ 23.8144
12-Month Low/High (Price (NAV)) $ 14.7098 / $ 24.1614
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 23.81 $ 0.15 0.63%
Price (NAV) $ 23.8144 $ 0.1634 0.69%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 23.97% 26.18% 15.36% 15.65% 8.86% 9.31%
Index 23.24% 26.27% 15.64% 16.13% 9.42% 9.89%
Calendar Performance

Calendar Year Performance (%) for period ending: Nov 30, 2020

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 23.79% 35.80% -7.97% 8.47% 20.53% -1.36% 12.42% -4.41% 4.43% 2.36%
Index 22.99% 36.83% -7.44% 9.12% 21.39% -0.76% 13.10% -3.71% 5.04% 2.87%
Cumulative Performance

Cumulative Performance (%) for period ending: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 23.79% 7.03% 13.37% 21.08% 23.97% 59.22% 53.52% 106.91% 133.63% 163.20%
Index 22.99% 7.10% 13.53% 21.48% 23.24% 59.43% 54.65% 111.23% 145.98% 178.87%

The ETF started tracking the Solactive Equal Weight Canada Utilities Index on May 27, 2016. Previously it was tracking the Dow Jones Canada Select Equal Weight Utilities Index.

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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
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.070000 0.000000 0.070000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.070000 0.000000 0.070000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.070000 0.000000 0.070000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.070000 0.000000 0.070000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.070000 0.000000 0.070000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.070000 0.000000 0.070000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.070000 0.000000 0.070000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.070000 0.000000 0.070000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.070000 0.000000 0.070000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.070000 0.000000 0.070000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.070000 0.000000 0.070000
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 Dec 03, 2020

Stock

99.93%

Cash and Cash Equivalents

0.07%

Number of Holdings

15

Total Net Assets

$ 424,808,233.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
8.51% BROOKFIELD RENEWABLE PARTNERS LP BMG162581083 BEP-U 468,730 CAD 36,134,396 - Stock
7.96% NORTHLAND POWER INC CA6665111002 NPI 767,070 CAD 33,812,446 - Stock
7.66% BORALEX INC CA09950M3003 BLX 814,919 CAD 32,556,014 - Stock
7.60% CAPITAL POWER CORP CA14042M1023 CPX 960,624 CAD 32,276,966 - Stock
7.52% INNERGEX RENEWABLE ENERGY INC CA45790B1040 INE 1,227,968 CAD 31,939,448 - Stock
7.21% ALGONQUIN POWER & UTILITIES CORP CA0158571053 AQN 1,488,490 CAD 30,648,009 - Stock
7.20% TRANSALTA CORP CA89346D1078 TA 3,370,141 CAD 30,567,179 - Stock
7.16% TRANSALTA RENEWABLES INC CA8934631091 RNW 1,729,790 CAD 30,427,006 - Stock
6.86% HYDRO ONE LTD CA4488112083 H 997,739 CAD 29,133,979 - Stock
6.85% BROOKFIELD INFRASTRUCTURE PARTNERS LP BMG162521014 BIP-U 451,174 CAD 29,096,211 - Stock
6.44% CANADIAN UTILITIES LTD CA1367178326 CU 847,730 CAD 27,373,202 - Stock
6.44% EMERA INC CA2908761018 EMA 507,923 CAD 27,346,574 - Stock
6.30% FORTIS INC/CANADA CA3495531079 FTS 514,537 CAD 26,766,215 - Stock
6.23% ATCO LTD/CANADA CA0467894006 ACO/X 689,635 CAD 26,447,502 - Stock
0.07% CASH - - 1 CAD 283,062 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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