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BMO Canadian Banks ETF Fund Series A

Financial Services Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

NAVPS
(07-23-2024)
$9.22
Change
-$0.03 (-0.32%)

As at June 30, 2024

As at June 30, 2024

As at February 29, 2024

Period
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Legend

BMO Canadian Banks ETF Fund Series A

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Fund Returns

Inception Return (June 13, 2022): 1.83%

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 -3.52% -5.05% 0.12% 0.12% 7.56% 4.25% - - - - - - - -
Benchmark -0.07% 1.28% 11.27% 11.27% 24.38% 18.22% 8.53% 13.66% 8.20% 7.64% 7.71% 10.17% 7.85% 9.10%
Category Average -1.72% 6.35% 6.35% 6.35% 17.00% 11.08% 3.65% 13.00% 7.63% 6.79% 7.08% 9.38% 7.39% 7.85%
Category Rank 70 / 76 72 / 76 63 / 75 63 / 75 49 / 72 44 / 65 - - - - - - - -
Quartile Ranking 4 4 4 4 3 3 - - - - - - - -

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.89% -6.26% -2.06% -6.00% 8.23% 10.71% -1.90% 1.64% 5.76% -4.13% 2.65% -3.52%
Benchmark 4.62% -0.85% -2.45% -0.85% 7.51% 3.63% 1.30% 4.53% 3.76% -1.77% 3.17% -0.07%

Best Monthly Return Since Inception

10.71% (December 2023)

Worst Monthly Return Since Inception

-6.26% (August 2023)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - - - - 9.46%
Benchmark 14.35% 14.20% 6.34% 15.24% -4.99% 19.43% -5.24% 22.05% -5.68% 13.41%
Category Average 10.01% 6.19% 11.10% 15.65% -8.72% 20.37% 0.17% 28.60% -10.67% 9.26%
Quartile Ranking - - - - - - - - - 3
Category Rank - - - - - - - - - 40/ 65

Best Calendar Return (Last 10 years)

9.46% (2023)

Worst Calendar Return (Last 10 years)

9.46% (2023)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 98.28
Cash and Equivalents 1.72

Sector Allocation

Sector Allocation
Name Percent
Financial Services 98.28
Cash and Cash Equivalent 1.72

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
BMO Equal Weight Banks Index ETF (ZEB) 98.71
CAD Currency 1.29

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating Not Available

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation - - - -
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - - - -
Treynor - - - -
Tax Efficiency - - - -

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.

Fund Details

Start Date June 13, 2022
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status -
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $228

Fund Codes

FundServ Code Load Code Sales Status
BMO262
BMO70262

Investment Objectives

This fund’s objective is to provide a return that is similar to the return of an exchange traded fund that invests primarily in Canadian banks. The fund may invest all or a portion of its assets in an exchange traded fund that invests in such securities, invest directly in the underlying securities held by the exchange traded fund and/or use derivatives to provide the fund with a return determined by reference to the exchange traded fund or its reference index.

Investment Strategy

These are the strategies the portfolio manager uses to try to achieve the fund’s objectives: invests up to 100% of the fund’s assets in securities of BMO Equal Weight Banks Index ETF; BMO Equal Weight Banks Index ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified Canadian bank index, net of expenses, which is currently the Solactive Equal Weight Canada Banks Index which includes Canadian exchange listed securities in the diversified bank industry.

Portfolio Manager(s)

Name Start Date
Raymond Chan 04-23-2024
Mirza Shakir 05-24-2024
Matthew Montemurro 05-24-2024

Management and Organization

Fund Manager BMO Investments Inc.
Advisor BMO Asset Management Inc.
Custodian PricewaterhouseCoopers
Registrar State Street Trust Company Canada
Distributor BMO Investments Inc.
Auditor PricewaterhouseCoopers

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.37%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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