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Overview

Fund Profile

Key Facts

Fund Ticker BANK
Net Assets (Mn)
(Jan 18, 2019)
$ 8.11
Base Currency CAD
Closing Market Price $ 18.58
12-Month Low/High (Market Price) $ 16.88 / $ 22.89
Closing NAV Price
(Jan 18, 2019)
$ 18.5222
12-Month Low/High (Price (NAV)) $ 16.5449 / $ 22.8500
Annualized Distribution Yield
(Jan 11, 2019)

Annualized Distribution Yield: The most recent regular distribution (excluding year end distributions for those ETFs that distribute more frequently) annualized for frequency divided by current NAV.

4.51%
Maximum Annual Management Fee 0.35%
Management Expense Ratio 0.40%

Management Expense Ratios (MERs) are the audited MERs as of December 31, 2017.

Market Volume 21,770
Distribution Frequency Quarterly
Options Available No
Inception Date Apr 07, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 438
Index Russell Developed Large Cap Banks Capped 100% Hedged to CAD Index
Market Cap ($Bn)
(Dec 31, 2018)
4,032.54
Exchange TSX
CUSIP 05583Q106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Global Banks Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Developed ex Korea Banks Capped 100% Hedged to CAD 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

FTSE Developed ex Korea Banks Capped 100% Hedged to CAD Index includes global banks. The index includes large and mid-caps banks according to the Russell Global Sectors classification system, with a 10% security cap and is re-balanced on a quarterly basis. The foreign currency is hedged back to Canadian dollars.

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to global bank stocks
  • Currency hedged back to Canadian dollars
  • 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)
(Jan 18, 2019)
$ 8.11
Market Price $ 18.58
12-Month Low/High (Market Price) $ 16.88 / $ 22.89
Price (NAV) $ 18.5222
12-Month Low/High (Price (NAV)) $ 16.5449 / $ 22.8500
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.58 $ 0.84 4.74%
Price (NAV) $ 18.5222 $ 0.2514 1.38%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Dec 31, 2018

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -18.32% - - - - -5.61%
Index -17.83% - - - - -4.81%
Calendar Performance

Calendar Year Performance (%) for period ending: Dec 31, 2018

YTD 2017
NAV -18.32% 10.77%
Index -17.83% 11.73%
Cumulative Performance

Cumulative Performance (%) for period ending: Dec 31, 2018

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -18.32% -10.03% -14.08% -13.71% -18.32% - - - - -9.53%
Index -17.83% -9.87% -14.03% -13.44% -17.83% - - - - -8.19%

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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.

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

Stock

97.78%

Cash and Cash Equivalents

2.22%

Number of Holdings

138

Total Net Assets

$ 8,112,724.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
9.26% BANK OF AMERICA CORP US0605051046 - 19,315 USD 751,271 - Stock
7.33% WELLS FARGO & CO US9497461015 - 8,959 USD 594,773 - Stock
5.85% HSBC HOLDINGS PLC GB0005405286 - 42,457 GBP 474,300 - Stock
3.71% ROYAL BANK OF CANADA CA7800871021 RY 3,053 CAD 301,148 - Stock
3.48% TORONTO-DOMINION BANK/THE CA8911605092 TD 3,902 CAD 282,271 - Stock
3.21% COMMONWEALTH BANK OF AUSTRALIA AU000000CBA7 CBA 3,721 AUD 260,544 - Stock
2.76% BANCO SANTANDER SA ES0113900J37 - 33,965 EUR 223,521 - Stock
2.62% US BANCORP US9029733048 - 3,194 USD 212,935 - Stock
2.36% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 2,606 CAD 191,124 - Stock
2.30% MITSUBISHI UFJ FINANCIAL GROUP INC JP3902900004 8306 26,700 JPY 186,611 - Stock
2.23% WESTPAC BANKING CORP AU000000WBC1 WBC 7,235 AUD 181,250 - Stock
2.01% PNC FINANCIAL SERVICES GROUP INC/THE US6934751057 - 980 USD 162,944 - Stock
1.88% AUSTRALIA & NEW ZEALAND BANKING GROUP LTD AU000000ANZ3 ANZ 6,127 AUD 152,824 - Stock
1.84% LLOYDS BANKING GROUP PLC GB0008706128 LLOY 150,060 GBP 149,125 - Stock
1.80% BNP PARIBAS SA FR0000131104 BNP 2,284 EUR 146,292 - Stock
1.69% NATIONAL AUSTRALIA BANK LTD AU000000NAB4 NAB 5,753 AUD 136,871 - Stock
1.65% SUMITOMO MITSUI FINANCIAL GROUP INC JP3890350006 8316 2,800 JPY 133,974 - Stock
1.63% BANK OF MONTREAL CA0636711016 BMO 1,365 CAD 132,036 - Stock
1.60% ING GROEP NV NL0011821202 INGA 8,226 EUR 129,894 - Stock
1.42% MIZUHO FINANCIAL GROUP INC JP3885780001 8411 53,600 JPY 115,379 - Stock
1.36% BANCO BILBAO VIZCAYA ARGENTARIA SA ES0113211835 BBVA 14,062 EUR 110,447 - Stock
1.31% BB&T CORP US0549371070 - 1,624 USD 106,262 - Stock
1.27% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 939 CAD 102,999 - Stock
1.26% BARCLAYS PLC GB0031348658 - 36,029 GBP 102,405 - Stock
1.21% INTESA SANPAOLO SPA IT0000072618 ISP 31,900 EUR 98,244 - Stock
1.16% DBS GROUP HOLDINGS LTD SG1L01001701 - 3,800 SGD 94,060 - Stock
1.00% NORDEA BANK ABP FI4000297767 - 6,709 SEK 80,924 - Stock
1.00% OVERSEA-CHINESE BANKING CORP LTD SG1S04926220 - 7,000 SGD 80,958 - Stock
0.94% UNICREDIT SPA IT0005239360 UCG 4,716 EUR 75,946 - Stock
0.94% SUNTRUST BANKS INC US8679141031 - 947 USD 76,334 - Stock
0.87% UNITED OVERSEAS BANK LTD SG1M31001969 - 2,700 SGD 70,545 - Stock
0.82% SWEDBANK AB SE0000242455 SWEDA 2,112 SEK 66,628 - Stock
0.81% SOCIETE GENERALE SA FR0000130809 - 1,526 EUR 65,834 - Stock
0.80% M&T BANK CORP US55261F1049 MTB 295 USD 64,847 - Stock
0.75% STANDARD CHARTERED PLC GB0004082847 - 5,713 GBP 61,113 - Stock
0.67% DNB ASA NO0010031479 - 2,239 NOK 54,139 - Stock
0.65% KBC GROUP NV BE0003565737 - 576 EUR 52,779 - Stock
0.61% FIFTH THIRD BANCORP US3167731005 - 1,383 USD 49,570 - Stock
0.60% KEYCORP US4932671088 - 2,172 USD 48,584 - Stock
0.57% CITIZENS FINANCIAL GROUP INC US1746101054 - 987 USD 46,422 - Stock
0.56% HANG SENG BANK LTD HK0011000095 11 1,530 HKD 45,353 - Stock
0.56% SVENSKA HANDELSBANKEN AB SE0007100599 SHBA 3,079 SEK 45,696 - Stock
0.56% REGIONS FINANCIAL CORP US7591EP1005 RF 2,180 USD 45,435 - Stock
0.55% FIRST REPUBLIC BANK/CA US33616C1009 - 347 USD 44,231 - Stock
0.53% NATIONAL BANK OF CANADA CA6330671034 NA 713 CAD 43,308 - Stock
0.52% SKANDINAVISKA ENSKILDA BANKEN AB SE0000148884 SEBA 3,115 SEK 42,153 - Stock
0.51% SUMITOMO MITSUI TRUST HOLDINGS INC JP3892100003 8309 800 JPY 41,229 - Stock
0.51% HUNTINGTON BANCSHARES INC/OH US4461501045 - 2,273 USD 41,007 - Stock
0.49% ROYAL BANK OF SCOTLAND GROUP PLC GB00B7T77214 - 9,545 GBP 40,153 - Stock
0.48% CAIXABANK SA ES0140609019 - 7,794 EUR 38,911 - Stock
0.47% BOC HONG KONG HOLDINGS LTD HK2388011192 2388 7,581 HKD 38,071 - Stock
0.47% CREDIT AGRICOLE SA FR0000045072 - 2,473 EUR 38,503 - Stock
0.45% COMERICA INC US2003401070 - 340 USD 36,645 - Stock
0.44% DANSKE BANK A/S DK0010274414 DANSKE 1,396 DKK 35,802 - Stock
0.42% SVB FINANCIAL GROUP US78486Q1013 SIVB 111 USD 34,037 - Stock
0.38% ABN AMRO GROUP NV NL0011540547 ABN 903 EUR 31,117 - Stock
0.38% RESONA HOLDINGS INC JP3500610005 8308 4,600 JPY 31,014 - Stock
0.36% ERSTE GROUP BANK AG AT0000652011 EBS 624 EUR 28,835 - Stock
0.33% BANK LEUMI LE-ISRAEL BM IL0006046119 - 3,150 ILS 26,668 - Stock
0.32% ZIONS BANCORP NA US9897011071 ZION 417 USD 26,045 - Stock
0.31% JULIUS BAER GROUP LTD CH0102484968 - 467 CHF 25,495 - Stock
0.28% COMMERZBANK AG DE000CBK1001 CBK 2,261 EUR 22,782 - Stock
0.26% EAST WEST BANCORP INC US27579R1041 EWBC 317 USD 21,146 - Stock
0.24% BANCO DE SABADELL SA ES0113860A34 - 12,300 EUR 19,751 - Stock
0.23% BANK HAPOALIM BM IL0006625771 POLI 2,200 ILS 18,852 - Stock
0.23% SIGNATURE BANK/NEW YORK NY US82669G1040 SBNY 115 USD 18,991 - Stock
0.22% PEOPLE'S UNITED FINANCIAL INC US7127041058 PBCT 803 USD 17,450 - Stock
0.21% BANK OF IRELAND GROUP PLC IE00BD1RP616 BIRG 1,991 EUR 16,762 - Stock
0.21% COMMERCE BANCSHARES INC/MO US2005251036 - 212 USD 17,339 - Stock
0.20% BANKINTER SA ES0113679I37 - 1,484 EUR 15,944 - Stock
0.20% CULLEN/FROST BANKERS INC US2298991090 CFR 123 USD 16,312 - Stock
0.20% SYNOVUS FINANCIAL CORP US87161C5013 SNV 348 USD 16,391 - Stock
0.18% NEW YORK COMMUNITY BANCORP INC US6494451031 NYCB 1,029 USD 14,439 - Stock
0.18% POPULAR INC PR7331747001 BPOP 217 USD 14,870 - Stock
0.18% WEBSTER FINANCIAL CORP US9478901096 WBS 196 USD 14,240 - Stock
0.17% CONCORDIA FINANCIAL GROUP LTD JP3305990008 7186 2,500 JPY 13,783 - Stock
0.17% FIRST HORIZON NATIONAL CORP US3205171057 - 707 USD 13,515 - Stock
0.17% JAPAN POST BANK CO LTD JP3946750001 7182 900 JPY 13,717 - Stock
0.17% PACWEST BANCORP US6952631033 - 262 USD 13,756 - Stock
0.17% PROSPERITY BANCSHARES INC US7436061052 PB 141 USD 13,456 - Stock
0.16% FINECOBANK BANCA FINECO SPA IT0000072170 FBK 854 EUR 12,764 - Stock
0.16% WESTERN ALLIANCE BANCORP US9576381092 WAL 212 USD 12,754 - Stock
0.15% FUKUOKA FINANCIAL GROUP INC JP3805010000 8354 400 JPY 11,854 - Stock
0.15% STERLING BANCORP/DE US85917A1007 STL 487 USD 12,064 - Stock
0.14% BANK OF EAST ASIA LTD/THE HK0023000190 23 2,657 HKD 11,653 - Stock
0.14% BANK OF KYOTO LTD/THE JP3251200006 8369 200 JPY 11,513 - Stock
0.14% BANK OZK US06417N1037 OZK 264 USD 11,236 - Stock
0.14% BENDIGO & ADELAIDE BANK LTD AU000000BEN6 BEN 1,049 AUD 11,085 - Stock
0.14% PINNACLE FINANCIAL PARTNERS INC US72346Q1040 - 161 USD 11,736 - Stock
0.14% UMPQUA HOLDINGS CORP US9042141039 UMPQ 477 USD 11,670 - Stock
0.14% WINTRUST FINANCIAL CORP US97650W1080 WTFC 119 USD 11,763 - Stock
0.13% ASSOCIATED BANC-CORP US0454871056 ASB 363 USD 10,438 - Stock
0.13% BANKIA SA ES0113307062 - 2,620 EUR 10,279 - Stock
0.13% FNB CORP/PA US3025201019 FNB 705 USD 10,707 - Stock
0.13% RAIFFEISEN BANK INTERNATIONAL AG AT0000606306 - 281 EUR 10,305 - Stock
0.13% SHIZUOKA BANK LTD/THE JP3351200005 8355 1,000 JPY 10,884 - Stock
0.13% TCF FINANCIAL CORP US8722751026 TCF 361 USD 10,471 - Stock
0.12% BANKUNITED INC US06652K1034 BKU 220 USD 9,898 - Stock
0.12% FIRST CITIZENS BANCSHARES INC/NC US31946M1036 FCNCA 17 USD 9,415 - Stock
0.11% CYBG PLC GB00BD6GN030 - 2,670 GBP 8,891 - Stock
0.11% BANCO BPM SPA IT0005218380 BAMI 3,291 EUR 9,226 - Stock
0.11% BANK OF HAWAII CORP US0625401098 BOH 91 USD 9,187 - Stock
0.10% AOZORA BANK LTD JP3711200000 8304 200 JPY 8,231 - Stock
0.10% BANK OF QUEENSLAND LTD AU000000BOQ8 BOQ 860 AUD 8,482 - Stock
0.10% CHIBA BANK LTD/THE JP3511800009 8331 1,000 JPY 8,062 - Stock
0.10% FIRST HAWAIIAN INC US32051X1081 FHB 236 USD 7,911 - Stock
0.10% TEXAS CAPITAL BANCSHARES INC US88224Q1076 TCBI 103 USD 8,007 - Stock
0.10% UNIONE DI BANCHE ITALIANE SPA IT0003487029 UBI 2,209 EUR 8,002 - Stock
0.09% BOK FINANCIAL CORP US05561Q2012 BOKF 67 USD 7,273 - Stock
0.09% JYSKE BANK A/S DK0010307958 JYSK 149 DKK 7,362 - Stock
0.09% METRO BANK PLC GB00BZ6STL67 - 200 GBP 7,511 - Stock
0.08% BANCO COMERCIAL PORTUGUES SA PTBCP0AM0015 - 16,963 EUR 6,217 - Stock
0.08% BANQUE CANTONALE VAUDOISE CH0015251710 BCVN 6 CHF 6,240 - Stock
0.08% YAMAGUCHI FINANCIAL GROUP INC JP3935300008 8418 481 JPY 6,492 - Stock
0.07% GUNMA BANK LTD/THE JP3276400003 8334 900 JPY 5,305 - Stock
0.07% HACHIJUNI BANK LTD/THE JP3769000005 8359 1,000 JPY 5,724 - Stock
0.07% MIZRAHI TEFAHOT BANK LTD IL0006954379 - 220 ILS 5,277 - Stock
0.07% SEVEN BANK LTD JP3105220002 8410 1,400 JPY 5,641 - Stock
0.07% SHINKIN CENTRAL BANK JP3429200003 8421 2 JPY 5,834 - Stock
0.07% SHINSEI BANK LTD JP3729000004 8303 300 JPY 5,288 - Stock
0.06% BAWAG GROUP AG AT0000BAWAG2 - 80 EUR 4,664 - Stock
0.06% CHUGOKU BANK LTD/THE JP3521000004 - 400 JPY 4,774 - Stock
0.05% BANCA GENERALI SPA IT0001031084 - 126 EUR 3,897 - Stock
0.05% BPER BANCA IT0000066123 - 826 EUR 3,811 - Stock
0.05% HIROSHIMA BANK LTD/THE JP3797000001 8379 500 JPY 3,864 - Stock
0.05% IYO BANK LTD/THE JP3149600003 8385 600 JPY 4,457 - Stock
0.05% ST GALLER KANTONALBANK AG CH0011484067 SGKN 6 CHF 4,002 - Stock
0.04% LUZERNER KANTONALBANK AG CH0011693600 LUKN 5 CHF 3,217 - Stock
0.03% BERNER KANTONALBANK AG CH0009691608 BEKN 9 CHF 2,538 - Stock
0.03% SURUGA BANK LTD JP3411000007 8358 400 JPY 2,212 - Stock
0.03% TFS FINANCIAL CORP US87240R1077 - 105 USD 2,332 - Stock
0.02% BASELLANDSCHAFTLICHE KANTONALBANK CH0001473559 BLKB 1 CHF 1,235 - Stock
0.02% BASLER KANTONALBANK CH0009236461 BSKP 15 CHF 1,541 - Stock
0.02% CREDITO EMILIANO SPA IT0003121677 CE 163 EUR 1,257 - Stock
0.02% DAH SING BANKING GROUP LTD HK2356013600 2356 790 HKD 1,943 - Stock
0.02% GRAUBUENDNER KANTONALBANK CH0001340204 GRKP 1 CHF 1,933 - Stock
0.02% SVENSKA HANDELSBANKEN AB SE0007100607 SHBB 81 SEK 1,284 - Stock
2.22% CASH - - 1 CAD 179,778 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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