Fund Profile
Key Facts
| Fund Ticker | ZUT |
|---|---|
| Net Assets (Mn) (Mar 27, 2020) |
$ 280.92 |
| Base Currency | CAD |
| Closing Market Price | $ 18.47 |
| 12-Month Low/High (Market Price) | $ 14.73 / $ 23.48 |
| Closing NAV Price (Mar 27, 2020) |
$ 18.4354 |
| 12-Month Low/High (Price (NAV)) | $ 14.7098 / $ 23.4818 |
| Annualized Distribution Yield (Mar 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. |
4.97% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.55% |
| Management Expense Ratio | 0.61% |
| Market Volume | 159,692 |
| Distribution Frequency | Monthly |
| Options Available | Yes |
| Inception Date | Jan 19, 2010 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 15,238 |
| Index | Solactive Equal Weight Canada Utilities Index |
| Market Cap ($Bn) (Feb 28, 2020) |
166.48 |
| Exchange | TSX |
| CUSIP | 05590D106 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Equal Weight Utilities Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Utilities Index net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
Benchmark Info
The Solactive Equal Weight Canada Utilities Index consists of the securities that are classified as utilities. In addition, each security in this Index is allocated a fixed weight rather than a market capitalization weight. Solactive Equal Weight Canada Utilities Index is rebalanced semi-annually in March and September. To be included as a Constituent Security, an issue must meet certain minimum trading volume requirements and be incorporated in, or has its primary market listing in Canada.
Fund Benefits
- Designed for investors looking for growth solutions
- Exposure to Canadian utility stocks
- Equal weighted to lessen security specific risk
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (Mar 27, 2020) |
$ 280.92 |
|---|---|
| Market Price | $ 18.47 |
| 12-Month Low/High (Market Price) | $ 14.73 / $ 23.48 |
| Price (NAV) | $ 18.4354 |
| 12-Month Low/High (Price (NAV)) | $ 14.7098 / $ 23.4818 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Mar 27, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 18.47 | $ -0.77 | -4.00% |
| Price (NAV) | $ 18.4354 | $ -0.7651 | -3.98% |
Performance
Annualized Performance (%) for period ending: Feb 28, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 29.08% | 19.22% | 12.13% | 10.59% | 8.61% | 8.48% |
| Index | 30.04% | 20.05% | 12.87% | 11.32% | 9.32% | 9.18% |
| Feb 28, 2020 |
Calendar Year Performance (%) for period ending: Feb 28, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 7.11% | 35.80% | -7.97% | 8.47% | 20.53% | -1.36% | 12.42% | -4.41% | 4.43% | 2.36% |
| Index | 7.25% | 36.83% | -7.44% | 9.12% | 21.39% | -0.76% | 13.10% | -3.71% | 5.04% | 2.87% |
| Feb 28, 2020 |
Cumulative Performance (%) for period ending: Feb 28, 2020
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 7.11% | -0.35% | 7.27% | 17.01% | 29.08% | 42.14% | 41.00% | 65.42% | 128.34% | 127.73% |
| Index | 7.25% | -0.27% | 7.47% | 17.42% | 30.04% | 44.12% | 43.78% | 70.94% | 143.68% | 143.19% |
| Feb 28, 2020 |
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Distribution History
| 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 | - | - | - |
| May, 2020 | May 27, 2020 | May 28, 2020 | Jun 02, 2020 | - | - | - |
| Jun, 2020 | Jun 26, 2020 | Jun 29, 2020 | Jul 06, 2020 | - | - | - |
| Jul, 2020 | Jul 29, 2020 | Jul 30, 2020 | Aug 05, 2020 | - | - | - |
| Aug, 2020 | Aug 27, 2020 | Aug 28, 2020 | Sep 02, 2020 | - | - | - |
| Sep, 2020 | Sep 28, 2020 | Sep 29, 2020 | Oct 02, 2020 | - | - | - |
| Oct, 2020 | Oct 28, 2020 | Oct 29, 2020 | Nov 03, 2020 | - | - | - |
| Nov, 2020 | Nov 26, 2020 | Nov 30, 2020 | Dec 02, 2020 | - | - | - |
| Dec, 2020 | Dec 29, 2020 | Dec 30, 2020 | Jan 05, 2021 | - | - | - |
| Year to Date | 0.210000 | 0.000000 | 0.210000 |
| 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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Daily Holdings
As of Mar 27, 2020
99.65%
0.35%
16
$ 288,742,879.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 7.95% | INNERGEX RENEWABLE ENERGY INC | CA45790B1040 | INE | 1,174,296 | CAD | 22,335,110 | - | Stock |
| 7.57% | TRANSALTA CORP | CA89346D1078 | TA | 2,976,793 | CAD | 21,254,302 | - | Stock |
| 7.49% | TRANSALTA RENEWABLES INC | CA8934631091 | RNW | 1,523,936 | CAD | 21,030,317 | - | Stock |
| 7.37% | CANADIAN UTILITIES LTD | CA1367178326 | CU | 646,038 | CAD | 20,711,978 | - | Stock |
| 7.23% | NORTHLAND POWER INC | CA6665111002 | NPI | 759,732 | CAD | 20,300,039 | - | Stock |
| 7.20% | HYDRO ONE LTD | CA4488112083 | H | 825,365 | CAD | 20,213,189 | - | Stock |
| 7.11% | BORALEX INC | CA09950M3003 | BLX | 792,401 | CAD | 19,960,581 | - | Stock |
| 7.11% | CAPITAL POWER CORP | CA14042M1023 | CPX | 778,832 | CAD | 19,984,829 | - | Stock |
| 7.09% | EMERA INC | CA2908761018 | EMA | 393,280 | CAD | 19,903,901 | - | Stock |
| 7.04% | ALGONQUIN POWER & UTILITIES CORP | CA0158571053 | AQN | 1,126,388 | CAD | 19,779,373 | - | Stock |
| 6.92% | BROOKFIELD RENEWABLE PARTNERS LP | BMG162581083 | BEP-U | 340,212 | CAD | 19,453,322 | - | Stock |
| 6.91% | FORTIS INC/CANADA | CA3495531079 | FTS | 390,537 | CAD | 19,409,689 | - | Stock |
| 6.52% | BROOKFIELD INFRASTRUCTURE PARTNERS LP | BMG162521014 | BIP-U | 357,396 | CAD | 18,316,545 | - | Stock |
| 6.07% | ATCO LTD/CANADA | CA0467894006 | ACO/X | 484,888 | CAD | 17,038,964 | - | Stock |
| 0.09% | PATTERN ENERGY GROUP INC | US70338P1003 | PEGI | 6,896 | CAD | 256,876 | - | Stock |
| 0.35% | CASH | - | - | 1 | CAD | 974,347 | - | Cash and Cash Equivalents |
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.