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Overview

Fund Profile

Key Facts

Fund Ticker ZVC
Net Assets (Mn)
(Jan 18, 2019)
$ 5.86
Base Currency CAD
Closing Market Price $ 19.16
12-Month Low/High (Market Price) $ 17.89 / $ 21.77
Closing NAV Price
(Jan 18, 2019)
$ 19.3966
12-Month Low/High (Price (NAV)) $ 17.5120 / $ 21.7221
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.

3.50%
Maximum Annual Management Fee 0.35%
Management Expense Ratio 0.40%
Market Volume 225
Distribution Frequency Quarterly
Options Available No
Inception Date Oct 04, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 302
Index MSCI Canada Enhanced Value Capped Index
Market Cap ($Bn)
(Dec 31, 2018)
1,153.96
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)
(Jan 18, 2019)
$ 5.86
Market Price $ 19.16
12-Month Low/High (Market Price) $ 17.89 / $ 21.77
Price (NAV) $ 19.3966
12-Month Low/High (Price (NAV)) $ 17.5120 / $ 21.7221
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 19.16 - -
Price (NAV) $ 19.3966 $ 0.1347 0.70%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -11.16% - - - - -5.39%
Index -10.85% - - - - -5.03%
Calendar Performance

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

YTD 2017
NAV -11.16% 5.08%
Index -10.85% 5.20%
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 -11.16% -5.61% -12.25% -13.82% -11.16% - - - - -6.65%
Index -10.85% -5.58% -12.18% -13.67% -10.85% - - - - -6.21%

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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 - - -
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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 Jan 18, 2019

Stock

99.53%

Cash and Cash Equivalents

0.47%

Number of Holdings

51

Total Net Assets

$ 5,862,619.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
7.93% SUNCOR ENERGY INC CA8672241079 SU 10,941 CAD 464,883 Energy Stock
7.25% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 3,889 CAD 424,873 Industrials Stock
6.44% TORONTO-DOMINION BANK/THE CA8911605092 TD 5,222 CAD 377,759 Financials Stock
6.35% ROYAL BANK OF CANADA CA7800871021 RY 3,777 CAD 372,563 Financials Stock
6.14% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 4,906 CAD 359,806 Financials Stock
5.58% MANULIFE FINANCIAL CORP CA56501R1064 MFC 15,311 CAD 327,349 Financials Stock
5.29% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 8,501 CAD 310,372 Energy Stock
4.22% TECK RESOURCES LTD CA8787422044 TECK/B 8,070 CAD 247,184 Materials Stock
3.94% BANK OF MONTREAL CA0636711016 BMO 2,390 CAD 231,185 Financials Stock
3.78% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 2,021 CAD 221,683 Financials Stock
3.39% MAGNA INTERNATIONAL INC CA5592224011 MG 2,944 CAD 198,897 Consumer Discretionary Stock
2.23% CGI GROUP INC CA39945C1095 GIB/A 1,508 CAD 130,970 Information Technology Stock
2.13% SUN LIFE FINANCIAL INC CA8667961053 SLF 2,553 CAD 124,740 Financials Stock
2.05% CENOVUS ENERGY INC CA15135U1093 CVE 11,139 CAD 120,190 Energy Stock
2.01% TELUS CORP CA87971M1032 T 2,547 CAD 117,671 Communication Services Stock
1.66% OPEN TEXT CORP CA6837151068 OTEX 2,075 CAD 97,255 Information Technology Stock
1.47% LOBLAW COS LTD CA5394811015 L 1,353 CAD 86,091 Consumer Staples Stock
1.46% FAIRFAX FINANCIAL HOLDINGS LTD CA3039011026 FFH 137 CAD 85,398 Financials Stock
1.44% GOLDCORP INC CA3809564097 - 6,146 CAD 84,692 Materials Stock
1.37% BAUSCH HEALTH COS INC CA0717341071 BHC 2,622 CAD 80,364 Health Care Stock
1.33% NATIONAL BANK OF CANADA CA6330671034 NA 1,283 CAD 77,929 Financials Stock
1.31% POWER CORP OF CANADA CA7392391016 POW 2,964 CAD 76,679 Financials Stock
1.28% HUSKY ENERGY INC CA4480551031 HSE 4,503 CAD 75,200 Energy Stock
1.16% BARRICK GOLD CORP CA0679011084 ABX 4,336 CAD 67,815 Materials Stock
1.10% BCE INC CA05534B7604 BCE 1,155 CAD 64,484 Communication Services Stock
1.10% GEORGE WESTON LTD CA9611485090 WN 689 CAD 64,773 Consumer Staples Stock
1.10% TOURMALINE OIL CORP CA89156V1067 TOU 3,358 CAD 64,406 Energy Stock
1.09% IMPERIAL OIL LTD CA4530384086 IMO 1,710 CAD 63,629 Energy Stock
1.00% FIRST QUANTUM MINERALS LTD CA3359341052 FM 4,626 CAD 58,750 Materials Stock
0.99% METRO INC CA59162N1096 MRU 1,176 CAD 57,965 Consumer Staples Stock
0.95% ATCO LTD/CANADA CA0467894006 ACO/X 1,398 CAD 55,920 Utilities Stock
0.92% HYDRO ONE LTD CA4488112083 H 2,625 CAD 53,655 Utilities Stock
0.91% CAE INC CA1247651088 CAE 1,980 CAD 53,302 Industrials Stock
0.88% EMPIRE CO LTD CA2918434077 EMP/A 1,724 CAD 51,858 Consumer Staples Stock
0.77% POWER FINANCIAL CORP CA73927C1005 PWF 1,648 CAD 45,056 Financials Stock
0.75% CAMECO CORP CA13321L1085 CCO 2,777 CAD 43,682 Energy Stock
0.73% KINROSS GOLD CORP CA4969024047 K 10,456 CAD 43,079 Materials Stock
0.67% FINNING INTERNATIONAL INC CA3180714048 FTT 1,532 CAD 39,265 Industrials Stock
0.63% IA FINANCIAL CORP INC COMMON STOCK CA45075E1043 - 773 CAD 37,212 - Stock
0.57% WSP GLOBAL INC CA92938W2022 WSP 524 CAD 33,667 Industrials Stock
0.54% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 214 CAD 31,629 Consumer Discretionary Stock
0.53% LUNDIN MINING CORP CA5503721063 - 5,196 CAD 30,968 Materials Stock
0.52% WEST FRASER TIMBER CO LTD CA9528451052 WFT 432 CAD 30,629 Materials Stock
0.48% H&R REAL ESTATE INVESTMENT TRUST CA4039254079 HR-U 1,283 CAD 27,969 Real Estate Stock
0.46% BLACKBERRY LTD CA09228F1036 BB 2,604 CAD 27,108 Information Technology Stock
0.46% SEVEN GENERATIONS ENERGY LTD CA81783Q1054 VII 2,543 CAD 26,905 Energy Stock
0.41% ALTAGAS LTD CA0213611001 ALA 1,731 CAD 24,269 Utilities Stock
0.26% SMARTCENTRES REAL ESTATE INVESTMENT TRUST CA83179X1087 SRU-U 478 CAD 15,454 Real Estate Stock
0.25% TURQUOISE HILL RESOURCES LTD CA9004351081 TRQ 6,789 CAD 14,664 Materials Stock
0.23% STARS GROUP INC/THE CA85570W1005 TSGI 566 CAD 13,465 Consumer Discretionary Stock
0.47% CASH - - 1 CAD 27,308 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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