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Overview

Fund Profile

Key Facts

Fund Ticker ZVC
Net Assets (Mn)
(Sep 18, 2019)
$ 6.19
Base Currency CAD
Closing Market Price $ 20.24
12-Month Low/High (Market Price) $ 17.89 / $ 21.10
Closing NAV Price
(Sep 18, 2019)
$ 20.4076
12-Month Low/High (Price (NAV)) $ 17.5120 / $ 21.1312
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.

2.77%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.35%
Management Expense Ratio 0.40%
Market Volume 4
Distribution Frequency Quarterly
Options Available No
Inception Date Oct 04, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 303
Index MSCI Canada Enhanced Value Capped Index
Market Cap ($Bn)
(Aug 30, 2019)
1,254.36
Exchange TSX
CUSIP 05584R103
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO MSCI Canada Value Index ETF has been designed to replicate to the extent possible, the performance of the MSCI Canada Enhanced Value Capped Index, net of expenses. The ETF invests in Canadian companies that have higher value characteristics based on; price-to-book value, price-to-forward earnings and enterprise value-to cash flow from operations. The Fund may also invest in or hold securities intended to replicate the performance of the Index.

Benchmark Info

MSCI Canada Enhanced Value Capped Index is based on the MSCI Canada Index, which includes large and mid-capitalization stocks across Canada. The index aims to capture the performance of securities that exhibit higher value characteristics relative to their peers within the corresponding GICS sector. The index identifies stocks with high value scores based on three fundamental variables: price-to-book value, price-to-forward earnings and enterprise value-to-cash flow from operations. Issuer weights are capped at 10%. The Index is rebalanced semi-annually.

Benefits

  • Designed for investors looking for growth solutions
  • Exposure to value factor Canadian equities
  • 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)
$ 6.19
Market Price $ 20.24
12-Month Low/High (Market Price) $ 17.89 / $ 21.10
Price (NAV) $ 20.4076
12-Month Low/High (Price (NAV)) $ 17.5120 / $ 21.1312
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 20.24 - -
Price (NAV) $ 20.4076 $ -0.0969 -0.47%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -5.89% - - - - 0.57%
Index -5.48% - - - - 0.99%
Calendar Performance

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

YTD 2018 2017
NAV 8.29% -11.16% 5.08%
Index 8.64% -10.85% 5.20%
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 8.29% -2.72% -0.44% -2.36% -5.89% - - - - 1.09%
Index 8.64% -2.70% -0.33% -2.16% -5.48% - - - - 1.89%

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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 0.140000 0.000000 0.140000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.140000 0.000000 0.140000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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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 Sep 18, 2019

Stock

99.24%

Cash and Cash Equivalents

0.76%

Number of Holdings

51

Total Net Assets

$ 6,188,590.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
7.24% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 3,716 CAD 448,001 Industrials Stock
7.02% SUNCOR ENERGY INC CA8672241079 SU 10,251 CAD 434,130 Energy Stock
6.30% TORONTO-DOMINION BANK/THE CA8911605092 TD 5,124 CAD 389,578 Financials Stock
6.17% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 5,120 CAD 381,850 Financials Stock
5.99% ROYAL BANK OF CANADA CA7800871021 RY 3,489 CAD 370,846 Financials Stock
5.59% MANULIFE FINANCIAL CORP CA56501R1064 MFC 14,306 CAD 345,919 Financials Stock
5.11% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 8,776 CAD 316,024 Energy Stock
3.77% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 2,121 CAD 233,055 Financials Stock
3.67% MAGNA INTERNATIONAL INC CA5592224011 MG 3,200 CAD 226,912 Consumer Discretionary Stock
3.55% BANK OF MONTREAL CA0636711016 BMO 2,262 CAD 219,912 Financials Stock
3.43% TECK RESOURCES LTD CA8787422044 TECK/B 8,914 CAD 212,331 Materials Stock
2.94% CGI INC CA12532H1047 GIB/A 1,760 CAD 182,178 Information Technology Stock
2.32% OPEN TEXT CORP CA6837151068 OTEX 2,651 CAD 143,737 Information Technology Stock
2.14% CENOVUS ENERGY INC CA15135U1093 CVE 10,027 CAD 132,657 Energy Stock
2.08% SUN LIFE FINANCIAL INC CA8667961053 SLF 2,201 CAD 128,803 Financials Stock
2.06% TELUS CORP CA87971M1032 T 2,614 CAD 127,668 Communication Services Stock
2.05% BARRICK GOLD CORP CA0679011084 ABX 5,416 CAD 126,734 Materials Stock
1.69% BAUSCH HEALTH COS INC CA0717341071 BHC 3,407 CAD 104,867 Health Care Stock
1.63% LOBLAW COS LTD CA5394811015 L 1,381 CAD 101,075 Consumer Staples Stock
1.47% FAIRFAX FINANCIAL HOLDINGS LTD CA3039011026 FFH 155 CAD 91,145 Financials Stock
1.27% BCE INC CA05534B7604 BCE 1,228 CAD 78,592 Communication Services Stock
1.26% NATIONAL BANK OF CANADA CA6330671034 NA 1,200 CAD 77,796 Financials Stock
1.22% ENCANA CORP CA2925051047 ECA 11,260 CAD 75,329 Energy Stock
1.21% POWER CORP OF CANADA CA7392391016 POW 2,508 CAD 75,115 Financials Stock
1.21% METRO INC/CN CA59162N1096 MRU 1,319 CAD 75,183 Consumer Staples Stock
1.20% KINROSS GOLD CORP CA4969024047 K 11,142 CAD 74,317 Materials Stock
1.12% FIRST QUANTUM MINERALS LTD CA3359341052 FM 6,851 CAD 69,538 Materials Stock
1.12% HYDRO ONE LTD CA4488112083 H 2,859 CAD 69,216 Utilities Stock
1.09% GEORGE WESTON LTD CA9611485090 WN 608 CAD 67,707 Consumer Staples Stock
1.07% EMPIRE CO LTD CA2918434077 EMP/A 1,848 CAD 66,177 Consumer Staples Stock
1.07% IMPERIAL OIL LTD CA4530384086 IMO 1,795 CAD 66,110 Energy Stock
0.89% CAE INC CA1247651088 CAE 1,621 CAD 55,017 Industrials Stock
0.83% TOURMALINE OIL CORP CA89156V1067 TOU 3,546 CAD 51,133 Energy Stock
0.80% POWER FINANCIAL CORP CA73927C1005 PWF 1,612 CAD 49,456 Financials Stock
0.78% WSP GLOBAL INC CA92938W2022 WSP 623 CAD 48,202 Industrials Stock
0.75% HUSKY ENERGY INC CA4480551031 HSE 4,757 CAD 46,381 Energy Stock
0.74% ATCO LTD/CANADA CA0467894006 ACO/X 952 CAD 45,544 Utilities Stock
0.71% IA FINANCIAL CORP INC CA45075E1043 IAG 738 CAD 44,110 Financials Stock
0.68% LUNDIN MINING CORP CA5503721063 LUN 6,431 CAD 42,380 Materials Stock
0.68% ALTAGAS LTD CA0213611001 ALA 2,129 CAD 42,005 Utilities Stock
0.57% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 249 CAD 35,283 Consumer Discretionary Stock
0.45% WEST FRASER TIMBER CO LTD CA9528451052 WFT 496 CAD 27,860 Materials Stock
0.44% CAMECO CORP CA13321L1085 CCO 2,194 CAD 27,337 Energy Stock
0.42% BLACKBERRY LTD CA09228F1036 BB 2,604 CAD 26,040 Information Technology Stock
0.36% STARS GROUP INC/THE CA85570W1005 TSGI 1,063 CAD 22,259 Consumer Discretionary Stock
0.30% H&R REAL ESTATE INVESTMENT TRUST CA4039254079 HR-U 818 CAD 18,544 Real Estate Stock
0.24% FIRST CAPITAL REALTY INC CA31943B1004 FCR 674 CAD 14,895 Real Estate Stock
0.20% METHANEX CORP CA59151K1084 MX 253 CAD 12,233 Materials Stock
0.17% SNC-LAVALIN GROUP INC CA78460T1057 SNC 506 CAD 10,419 Industrials Stock
0.16% SMARTCENTRES REAL ESTATE INVESTMENT TRUST CA83179X1087 SRU-U 304 CAD 9,834 Real Estate Stock
0.76% CASH - - 1 CAD 47,156 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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