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BMO Equal Weight Utilities Index ETF - ZUT

ETF Overview

The fund has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Utilities 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.

Additional Index Information

The Solactive Equal Weight Canada Utilities Index consists of the securities that are classified as utilities on the Dow Jones Total Stock Market Canada Index.

Each security in this index is allocated a fixed weight rather than a market capitalization weight.

The Dow Jones Canada Select Equal Weight Utilities Index is rebalanced semi-annually in June and December.

To be included as a Constituent Security, an issue must meet certain minimum trading volume requirements and be incorporated in, or has its primary market listing in Canada.

Key ETF Data

Fundamentals
Category (main) Canadian Equity - Utilities
Underlying Index Solactive Equal Weight Canada Utilities Index
ETF Structure Passive type. Endeavours to return the Index return before fees/costs
Asset Class Equity - Utilities
Region Canada
Issuer BMO
ETF Home Page Available here
Fund Facts
Inception Date Jan 19, 2010
Total Holdings 15
Distribution Frequency Monthly
Leverage None
Significant Currency Exposure No
Currency Hedging Not applicable
Fees
Management Fee 0.55%
Management Expense Ratio (MER) 0.61%
Trading Information
Ticker ZUT
Exchange TSX (Toronto Stock Exchange)
Currency CAD
Eligibility
Eligibility * RRSP, RRIF, RESP, TFSA, DPSP, RDSP
DRIP available ** Yes
PACC Plan available ** Unknown
SWP available ** Unknown

* Always check eligibility with your plan operator as plans and accounts can differ

** Not all brokers can facilitate these plans. Check with your broker.

Current Price, Fund Performance, Yield, NAV, Charts etc

To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:

ETF at TMX ETF at Morningstar

ETF Analysis

Although we recommend this ETF we highly encourage BMO to lower the fund's MER ().

Charging an MER of 0.61% whilst holding just 15 stocks seems very excessive to us.