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BMO Low Volatility US Equity ETF - CAD Units (ZLU : TSX)

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U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeB Click for more information on Fundata’s ESG Grade

Fundata ESG Grade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2022, 2016

Click for more information on Fundata’s FundGrade

Close
(04-25-2024) 		$49.11
Change
-$0.31 (-0.63%)
Open $49.42
Day Range $48.96 - $49.42
Volume 18,073

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

  • Closing Price / Volume
Period
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BMO Low Volatility US Equity ETF - CAD Units

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Fund Returns

Inception Return (March 27, 2013): 13.54%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 3.96% 8.60% 13.13% 8.60% 6.73% 6.03% 9.91% 11.66% 8.99% 10.59% 9.29% 9.10% 9.67% 12.26%
Benchmark 3.07% 13.26% 23.76% 13.26% 30.04% 14.00% 14.30% 19.94% 15.37% 15.05% 14.39% 15.08% 13.81% 15.28%
Category Average 2.94% 22.06% 22.06% 11.88% 26.39% 10.39% 10.21% 17.40% 12.02% 11.35% 11.08% 11.62% 10.10% 11.05%
Category Rank 211 / 1,374 1,206 / 1,361 1,308 / 1,343 1,206 / 1,361 1,278 / 1,288 1,071 / 1,216 702 / 1,158 1,019 / 1,095 867 / 993 634 / 887 655 / 812 621 / 706 438 / 652 279 / 573
Quartile Ranking 1 4 4 4 4 4 3 4 4 3 4 4 3 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 2.79% -5.58% 0.75% 0.66% -0.69% -3.48% 1.83% 2.58% -0.27% 2.25% 2.16% 3.96%
Benchmark 1.90% 0.62% 3.76% 2.72% 1.05% -4.85% 0.44% 6.86% 1.80% 3.00% 6.70% 3.07%

Best Monthly Return Since Inception

10.86% (January 2015)

Worst Monthly Return Since Inception

-7.28% (February 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 34.98% 26.59% 5.74% 5.10% 8.49% 20.32% 2.16% 20.63% 7.98% -3.11%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average 16.59% 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85%
Quartile Ranking 1 1 2 4 1 4 4 3 1 4
Category Rank 1/ 554 32/ 645 296/ 693 772/ 783 102/ 875 765/ 950 967/ 1,063 811/ 1,139 5/ 1,196 1,251/ 1,260

Best Calendar Return (Last 10 years)

34.98% (2014)

Worst Calendar Return (Last 10 years)

-3.11% (2023)

Asset Allocation

Asset Allocation
Name Percent
US Equity 95.79
International Equity 3.66
Cash and Equivalents 0.54
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 21.05
Utilities 17.28
Healthcare 16.05
Financial Services 10.98
Technology 7.66
Other 26.98

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.33
Europe 2.75
Latin America 0.92

Top Holdings

Top Holdings
Name Percent
Merck & Co Inc 1.78
J M Smucker Co 1.71
Campbell Soup Co 1.70
International Business Machines Corp 1.64
CBOE Global Markets Inc 1.61
Abbvie Inc 1.51
General Mills Inc 1.50
Johnson & Johnson 1.47
Kroger Co 1.46
Waste Management Inc 1.45

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Low Volatility US Equity ETF - CAD Units

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 9.65% 10.90% 11.25%
Beta 0.43% 0.53% 0.62%
Alpha 0.04% 0.01% 0.03%
Rsquared 0.41% 0.48% 0.49%
Sharpe 0.76% 0.67% 0.97%
Sortino 1.23% 0.91% 1.43%
Treynor 0.17% 0.14% 0.17%
Tax Efficiency 90.95% 90.76% 92.69%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.57% 9.65% 10.90% 11.25%
Beta 0.57% 0.43% 0.53% 0.62%
Alpha -0.08% 0.04% 0.01% 0.03%
Rsquared 0.39% 0.41% 0.48% 0.49%
Sharpe 0.23% 0.76% 0.67% 0.97%
Sortino 0.56% 1.23% 0.91% 1.43%
Treynor 0.04% 0.17% 0.14% 0.17%
Tax Efficiency 86.13% 90.95% 90.76% 92.69%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date March 27, 2013
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status -
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $1,548
52 Week High $49.82
52 Week Low $43.64
Annual Dividend $1.10
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

BMO Low Volatility US Equity ETF has been designed to provide exposure to a low beta weighted portfolio of U.S. stocks. Beta measures the security's sensitivity to market movements.

Investment Strategy

ZLU utilizes a rules based methodology to select the 100 least market sensitive stocks from a universe of U.S. large cap stocks. The underlying portfolio is rebalanced in June and reconstituted in December.

Portfolio Manager(s)

Name Start Date
BMO Asset Management Inc. 03-27-2013

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.34%
Management Fee 0.30%

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