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Overview

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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Price & Performance

Performance Chart

Growth of 10,000

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

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%
Calendar Performance

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%
Cumulative Performance

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%

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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 - - -
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 - - -
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 Mar 27, 2020

Stock

99.65%

Cash and Cash Equivalents

0.35%

Number of Holdings

16

Total Net Assets

$ 288,742,879.00


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No column selected.
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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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