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Overview

Fund Profile

Key Facts

Fund Ticker ZBK
Net Assets (Mn)
(Mar 22, 2019)
$ 794.87
Base Currency CAD
Closing Market Price $ 24.38
12-Month Low/High (Market Price) $ 21.79 / $ 29.60
Closing NAV Price
(Mar 22, 2019)
$ 24.3730
12-Month Low/High (Price (NAV)) $ 21.7699 / $ 29.5822
Annualized Distribution Yield
(Mar 15, 2019)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

1.94%
Maximum Annual Management Fee 0.35%
Management Expense Ratio 0.39%
Market Volume 142,243
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 32,613
Index Solactive Equal Weight US Bank Index
Market Cap ($Bn)
(Feb 28, 2019)
1,852.83
Exchange TSX
CUSIP 05590V106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Equal Weight US Banks Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank 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

Solactive Equal Weight US Bank Index consists of the U.S. securities that fall within one of the following Industry groups; Finance, U.S. Banks, U.S. Commercial Banks, or U.S. Commercial Savings Institutions. To be included in the index, each security is subject to minimum market capitalization requirement and liquidity screens. Each security in the Index is allocated an equal weight rather than a market capitalization weight

Fund Benefits

  • Designed for investors looking for growth solutions
  • Exposure to U.S. bank stocks
  • Equal weighted to lessen security specific risk
  • Benefits from U.S. currency appreciation
  • 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 22, 2019)
$ 794.87
Market Price $ 24.38
12-Month Low/High (Market Price) $ 21.79 / $ 29.60
Price (NAV) $ 24.3730
12-Month Low/High (Price (NAV)) $ 21.7699 / $ 29.5822
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 24.38 $ -0.97 -3.83%
Price (NAV) $ 24.3730 $ -0.9801 -3.87%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -5.74% 3.94% 21.33% 13.22% - 13.53%
Index -5.42% 4.22% 21.73% 14.58% - 14.83%
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2019

YTD 2018 2017 2016 2015 2014
NAV 15.46% -11.44% 10.34% 24.37% 17.14% 15.52%
Index 15.65% -11.35% 10.83% 26.27% 20.68% 16.14%
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 28, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 15.46% 5.45% -0.74% -7.43% -5.74% 8.04% 78.59% 86.06% - 89.86%
Index 15.65% 5.61% -0.74% -7.32% -5.42% 8.61% 80.39% 97.51% - 101.10%

The ETF started tracking the Solactive Equal Weight US Bank Index on January 29th, 2016. Previously it was tracking the Dow Jones U.S. Large-Cap Banks Equal Weight Total Stock Market Index.

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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 0.130000 0.000000 0.130000
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 - - -
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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 Mar 22, 2019

Stock

99.53%

Cash and Cash Equivalents

0.47%

Number of Holdings

20

Total Net Assets

$ 794,870,470.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.65% AMERIPRISE FINANCIAL INC US03076C1062 AMP 269,474 USD 44,913,057 Financials Stock
5.56% CITIGROUP INC US1729674242 C 539,896 USD 44,205,522 Financials Stock
5.49% WELLS FARGO & CO US9497461015 WFC 672,808 USD 43,642,254 Financials Stock
5.48% JPMORGAN CHASE & CO US46625H1005 JPM 325,270 USD 43,569,185 Financials Stock
5.46% FIRST REPUBLIC BANK/CA US33616C1009 FRC 329,404 USD 43,388,723 Financials Stock
5.37% US BANCORP US9029733048 USB 658,660 USD 42,698,001 Financials Stock
5.34% BANK OF AMERICA CORP US0605051046 BAC 1,169,470 USD 42,412,381 Financials Stock
5.32% PNC FINANCIAL SERVICES GROUP INC/THE US6934751057 PNC 264,405 USD 42,310,878 Financials Stock
5.22% FIFTH THIRD BANCORP US3167731005 FITB 1,256,306 USD 41,530,052 Financials Stock
5.19% M&T BANK CORP US55261F1049 MTB 199,625 USD 41,221,331 Financials Stock
5.17% CITIZENS FINANCIAL GROUP INC US1746101054 CFG 963,932 USD 41,119,005 Financials Stock
5.15% BB&T CORP US0549371070 BBT 675,503 USD 40,896,534 Financials Stock
5.12% SUNTRUST BANKS INC US8679141031 STI 527,693 USD 40,669,817 Financials Stock
5.07% ZIONS BANCORP NA US9897011071 ZION 687,963 USD 40,311,486 Financials Stock
5.05% KEYCORP US4932671088 KEY 1,997,933 USD 40,158,891 Financials Stock
5.04% HUNTINGTON BANCSHARES INC/OH US4461501045 HBAN 2,435,001 USD 40,051,079 Financials Stock
5.01% SVB FINANCIAL GROUP US78486Q1013 SIVB 139,777 USD 39,823,517 Financials Stock
4.95% REGIONS FINANCIAL CORP US7591EP1005 RF 2,165,817 USD 39,345,815 Financials Stock
4.89% COMERICA INC US2003401070 CMA 401,365 USD 38,839,444 Financials Stock
0.47% CASH - - 1 CAD 3,763,531 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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