Fund Profile
Key Facts
| Fund Ticker | ZVC |
|---|---|
|
Net Assets (Mn) (May 29, 2023) |
$ 17.93 |
| Base Currency | CAD |
| Closing Market Price | $ 25.12 |
| 12-Month Low/High (Market Price) | $ 22.80 / $ 26.85 |
|
Closing NAV Price (May 29, 2023) |
$ 25.1037 |
| 12-Month Low/High (Price (NAV)) | $ 22.7959 / $ 26.8554 |
|
Annualized Distribution Yield (May 19, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
3.45% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.35% |
| Management Expense Ratio | 0.40% |
| Market Volume | 1,066 |
| Distribution Frequency | Quarterly |
| Options Available | No |
| Inception Date | Oct 04, 2017 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 714 |
| Index | MSCI Canada Enhanced Value Capped Index |
|
Market Cap ($Bn) (Apr 28, 2023) |
1,624.05 |
| 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
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Performance Chart
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (May 29, 2023) |
$ 17.93 |
|---|---|
| Market Price | $ 25.12 |
| 12-Month Low/High (Market Price) | $ 22.80 / $ 26.85 |
| Price (NAV) | $ 25.1037 |
| 12-Month Low/High (Price (NAV)) | $ 22.7959 / $ 26.8554 |
| Distribution Frequency | Quarterly |
Daily Prices
| Unit Price as of (May 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 25.12 | $ 0.11 | 0.44% |
| Price (NAV) | $ 25.1037 | $ 0.1112 | 0.44% |
Performance
Annualized Performance (%) for period ending: Apr 28, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 2.87% | 12.36% | 21.53% | 7.82% | - | 7.95% |
| Index | 3.27% | 12.82% | 22.10% | 8.29% | - | 8.40% |
| Apr 28, 2023 |
Calendar Year Performance (%) for period ending: Apr 28, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| NAV | 6.82% | 2.44% | 32.35% | -3.81% | 17.69% | -11.16% | 5.08% |
| Index | 7.00% | 2.82% | 32.98% | -3.48% | 18.32% | -10.85% | 5.20% |
| Apr 28, 2023 |
Cumulative Performance (%) for period ending: Apr 28, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 6.82% | 3.51% | -0.27% | 7.51% | 2.87% | 26.26% | 79.50% | 45.71% | - | 53.05% |
| Index | 7.00% | 3.55% | -0.17% | 7.75% | 3.27% | 27.29% | 82.01% | 48.89% | - | 56.71% |
| Apr 28, 2023 |
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Distribution History
| Distribution Period Future distribution dates may change without any prior notice. Footnote | 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. Footnote | Total Distribution Per Unit |
|---|---|---|---|---|---|---|
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.220000 | - | 0.220000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | - | - | - |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2023 | - | - | - |
| Year to Date | 0.220000 | 0.000000 | 0.220000 |
| 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. Footnote |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
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Daily Holdings
As of May 29, 2023
99.88%
0.12%
51
$ 17,930,346.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 7.37% | MANULIFE FINANCIAL CORP | CA56501R1064 | MFC | 51,479 | CAD | 1,320,951 | Financials | Stock |
| 5.86% | CANADIAN NATURAL RESOURCES LTD | CA1363851017 | CNQ | 13,800 | CAD | 1,050,870 | Energy | Stock |
| 5.80% | TORONTO-DOMINION BANK/THE | CA8911605092 | TD | 13,150 | CAD | 1,040,428 | Financials | Stock |
| 5.61% | BANK OF NOVA SCOTIA/THE | CA0641491075 | BNS | 14,943 | CAD | 1,005,664 | Financials | Stock |
| 5.51% | CANADIAN NATIONAL RAILWAY CO | CA1363751027 | CNR | 6,328 | CAD | 987,421 | Industrials | Stock |
| 5.00% | SUNCOR ENERGY INC | CA8672241079 | SU | 22,808 | CAD | 897,267 | Energy | Stock |
| 4.52% | CGI INC | CA12532H1047 | GIB/A | 5,758 | CAD | 809,863 | Information Technology | Stock |
| 4.09% | BANK OF MONTREAL | CA0636711016 | BMO | 6,379 | CAD | 734,032 | Financials | Stock |
| 3.35% | CANADIAN IMPERIAL BANK OF COMMERCE | CA1360691010 | CM | 10,431 | CAD | 600,826 | Financials | Stock |
| 3.26% | OPEN TEXT CORP | CA6837151068 | OTEX | 10,252 | CAD | 584,261 | Information Technology | Stock |
| 3.23% | FAIRFAX FINANCIAL HOLDINGS LTD | CA3039011026 | FFH | 586 | CAD | 578,792 | Financials | Stock |
| 3.01% | TECK RESOURCES LTD | CA8787422044 | TECK/B | 10,224 | CAD | 539,112 | Materials | Stock |
| 2.77% | CANADIAN PACIFIC KANSAS CITY LTD | CA13646K1084 | CP | 4,740 | CAD | 497,321 | Industrials | Stock |
| 2.55% | NUTRIEN LTD | CA67077M1086 | NTR | 5,930 | CAD | 457,025 | Materials | Stock |
| 2.21% | CENOVUS ENERGY INC | CA15135U1093 | CVE | 17,401 | CAD | 396,395 | Energy | Stock |
| 2.10% | MAGNA INTERNATIONAL INC | CA5592224011 | MG | 5,348 | CAD | 376,018 | Consumer Discretionary | Stock |
| 2.04% | EMPIRE CO LTD | CA2918434077 | EMP/A | 10,280 | CAD | 366,071 | Consumer Staples | Stock |
| 1.99% | SUN LIFE FINANCIAL INC | CA8667961053 | SLF | 5,300 | CAD | 356,902 | Financials | Stock |
| 1.96% | ROGERS COMMUNICATIONS INC | CA7751092007 | RCI/B | 5,742 | CAD | 351,123 | Communication Services | Stock |
| 1.94% | POWER CORP OF CANADA | CA7392391016 | POW | 9,791 | CAD | 348,658 | Financials | Stock |
| 1.91% | BARRICK GOLD CORP | CA0679011084 | ABX | 14,864 | CAD | 342,467 | Materials | Stock |
| 1.73% | FORTIS INC/CANADA | CA3495531079 | FTS | 5,405 | CAD | 310,193 | Utilities | Stock |
| 1.71% | GEORGE WESTON LTD | CA9611485090 | WN | 1,878 | CAD | 307,353 | Consumer Staples | Stock |
| 1.52% | TOURMALINE OIL CORP | CA89156V1067 | TOU | 4,530 | CAD | 271,755 | Energy | Stock |
| 1.38% | NATIONAL BANK OF CANADA | CA6330671034 | NA | 2,463 | CAD | 247,408 | Financials | Stock |
| 1.12% | WSP GLOBAL INC | CA92938W2022 | WSP | 1,167 | CAD | 200,211 | Industrials | Stock |
| 1.09% | SAPUTO INC | CA8029121057 | SAP | 5,518 | CAD | 195,503 | Consumer Staples | Stock |
| 1.09% | IMPERIAL OIL LTD | CA4530384086 | IMO | 3,051 | CAD | 194,745 | Energy | Stock |
| 0.97% | TFI INTERNATIONAL INC | CA87241L1094 | TFII | 1,174 | CAD | 173,752 | Industrials | Stock |
| 0.97% | WEST FRASER TIMBER CO LTD | CA9528451052 | WFG | 1,760 | CAD | 173,659 | Materials | Stock |
| 0.93% | CANADIAN TIRE CORP LTD | CA1366812024 | CTC/A | 988 | CAD | 166,863 | Consumer Discretionary | Stock |
| 0.90% | IA FINANCIAL CORP INC | CA45075E1043 | IAG | 1,844 | CAD | 161,516 | Financials | Stock |
| 0.87% | FIRST QUANTUM MINERALS LTD | CA3359341052 | FM | 5,090 | CAD | 155,601 | Materials | Stock |
| 0.86% | ALTAGAS LTD | CA0213611001 | ALA | 6,529 | CAD | 154,607 | Utilities | Stock |
| 0.83% | HYDRO ONE LTD | CA4488112083 | H | 3,840 | CAD | 148,109 | Utilities | Stock |
| 0.78% | ARC RESOURCES LTD | CA00208D4084 | ARX | 8,222 | CAD | 140,185 | Energy | Stock |
| 0.74% | KINROSS GOLD CORP | CA4969024047 | K | 20,607 | CAD | 132,915 | Materials | Stock |
| 0.71% | GREAT-WEST LIFECO INC | CA39138C1068 | GWO | 3,211 | CAD | 127,091 | Financials | Stock |
| 0.67% | ONEX CORP | CA68272K1030 | ONEX | 1,900 | CAD | 120,536 | Financials | Stock |
| 0.66% | LUNDIN MINING CORP | CA5503721063 | LUN | 11,595 | CAD | 117,805 | Materials | Stock |
| 0.64% | CAE INC | CA1247651088 | CAE | 3,806 | CAD | 114,142 | Industrials | Stock |
| 0.61% | PEMBINA PIPELINE CORP | CA7063271034 | PPL | 2,576 | CAD | 108,913 | Energy | Stock |
| 0.54% | QUEBECOR INC | CA7481932084 | QBR/B | 2,942 | CAD | 97,351 | Communication Services | Stock |
| 0.54% | RIOCAN REAL ESTATE INVESTMENT TRUST | CA7669101031 | REI-U | 4,755 | CAD | 96,099 | Real Estate | Stock |
| 0.47% | TOROMONT INDUSTRIES LTD | CA8911021050 | TIH | 787 | CAD | 85,020 | Industrials | Stock |
| 0.47% | GFL ENVIRONMENTAL INC | CA36168Q1046 | GFL | 1,658 | CAD | 83,381 | Industrials | Stock |
| 0.39% | GILDAN ACTIVEWEAR INC | CA3759161035 | GIL | 1,803 | CAD | 69,704 | Consumer Discretionary | Stock |
| 0.27% | CANADIAN UTILITIES LTD | CA1367178326 | CU | 1,321 | CAD | 48,401 | Utilities | Stock |
| 0.21% | BCE INC | CA05534B7604 | BCE | 606 | CAD | 37,402 | Communication Services | Stock |
| 0.15% | NUVEI CORP | CA67079A1021 | NVEI | 630 | CAD | 27,311 | Financials | Stock |
| 0.12% | CASH | - | - | 1 | CAD | 21,351 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 10 ranges. Ranges are: 37.19%, Financials.17.07%, Energy.11.95%, Industrials.10.71%, Materials.7.78%, Information Technology.4.84%, Consumer Staples.3.69%, Utilities.3.42%, Consumer Discretionary.2.71%, Communication Services.0.54%, Real Estate.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, Canada.
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.