TORONTO, Nov. 16, 2020 /CNW/ - BMO Asset Management Inc.
and BMO Investments Inc. today announced the estimated 2020 annual
reinvested distributions for BMO Exchange Traded Funds (BMO ETFs)
and ETF Series of the BMO Mutual Funds (ETF
Series)1. These annual reinvested distributions
generally represent realized capital gains and special income
within the BMO ETFs and ETF Series, and are paid to unitholders, as
required, to ensure that the BMO ETFs and ETF Series are not liable
for ordinary income tax.
Unitholders of record at close of business on December 30, 2020 will receive the 2020 annual
reinvested distributions. The final year-end distribution amounts,
as well as the ongoing cash distribution amounts, are expected to
be announced on December 18, 2020.
The actual taxable amounts, including the tax characteristics, will
be reported in 2021.
Please note that these are estimated annual reinvested
distributions only and have been calculated based upon
forward-looking information as of October
23, 20202. If the forward-looking information
changes, the estimated annual reinvested distributions may also
change.
These estimates are for the annual reinvested distributions only
and do not include estimates of ongoing cash distribution
amounts.
Details of the per-unit estimated annual reinvested distribution
amounts are as follows:
|
BMO
ETFs
|
Ticker
|
Estimated
Reinvested
Distribution
($)
|
|
BMO Aggregate Bond
Index ETF
|
ZAG
|
0.000
|
|
BMO Discount Bond
Index ETF
|
ZDB
|
0.692
|
|
BMO Short-Term Bond
Index ETF
|
ZSB
|
0.047
|
|
BMO Core Plus Bond
Fund – ETF Series
|
ZCPB
|
0.505
|
|
BMO Global
Multi-Sector Bond Fund – ETF Series
|
ZMSB
|
0.000
|
|
BMO Global Strategic
Bond Fund – ETF Series
|
ZGSB
|
0.000
|
|
BMO Ultra Short-Term
Bond ETF
|
ZST
|
0.000
|
|
BMO Ultra Short-Term
Bond ETF (Accumulating Units)
|
ZST.L
|
1.010
|
|
BMO Ultra Short-Term
US Bond ETF (USD Units)
|
ZUS.U
|
0.000
|
|
BMO Ultra Short-Term
US Bond ETF (USD Accumulating Units)
|
ZUS.V
|
1.145
|
|
BMO Government Bond
Index ETF
|
ZGB
|
0.000
|
|
BMO Short Federal
Bond Index ETF
|
ZFS
|
0.000
|
|
BMO Short Federal
Bond Index ETF (Accumulating Units)
|
ZFS.L
|
0.256
|
|
BMO Mid Federal Bond
Index ETF
|
ZFM
|
0.252
|
|
BMO Long Federal Bond
Index ETF
|
ZFL
|
0.320
|
|
BMO Real Return Bond
Index ETF
|
ZRR
|
0.074
|
|
BMO Short Provincial
Bond Index ETF
|
ZPS
|
0.000
|
|
BMO Short Provincial
Bond Index ETF (Accumulating Units)
|
ZPS.L
|
0.383
|
|
BMO Mid Provincial
Bond Index ETF
|
ZMP
|
0.000
|
|
BMO Long Provincial
Bond Index ETF
|
ZPL
|
0.098
|
|
BMO Short-Term US
Treasury Bond Index ETF
|
ZTS
|
0.004
|
|
BMO Short-Term US
Treasury Bond Index ETF (USD Units)
|
ZTS.U
|
0.230
|
|
BMO Mid-Term US
Treasury Bond Index ETF
|
ZTM
|
0.318
|
|
BMO Mid-Term US
Treasury Bond Index ETF (USD Units)
|
ZTM.U
|
0.339
|
|
BMO Long-Term US
Treasury Bond Index ETF
|
ZTL
|
1.019
|
|
BMO Long-Term US
Treasury Bond Index ETF (Hedged Units)
|
ZTL.F
|
2.196
|
|
BMO Long-Term US
Treasury Bond Index ETF (USD Units)
|
ZTL.U
|
0.764
|
|
BMO Canadian MBS
Index ETF
|
ZMBS
|
0.043
|
|
BMO Corporate Bond
Index ETF
|
ZCB
|
0.000
|
|
BMO ESG Corporate
Bond Index ETF
|
ESGB
|
0.000
|
|
BMO High Quality
Corporate Bond Index ETF
|
ZQB
|
0.000
|
|
BMO BBB
Corporate Bond Index ETF
|
ZBBB
|
0.000
|
|
BMO Short Corporate
Bond Index ETF
|
ZCS
|
0.000
|
|
BMO Short Corporate
Bond Index ETF (Accumulating Units)
|
ZCS.L
|
0.579
|
|
BMO Mid Corporate
Bond Index ETF
|
ZCM
|
0.000
|
|
BMO Long Corporate
Bond Index ETF
|
ZLC
|
0.000
|
|
BMO Short-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
ZSU
|
0.000
|
|
BMO Mid-Term US IG
Corporate Bond Index ETF
|
ZIC
|
0.513
|
|
BMO Mid-Term US IG
Corporate Bond Index ETF (USD Units)
|
ZIC.U
|
0.495
|
|
BMO Mid-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
ZMU
|
0.178
|
|
BMO ESG US Corporate
Bond Hedged to CAD Index ETF
|
ESGF
|
0.000
|
|
BMO High Yield US
Corporate Bond Hedged to CAD Index ETF
|
ZHY
|
0.000
|
|
BMO High Yield US
Corporate Bond Index ETF
|
ZJK
|
0.000
|
|
BMO Floating Rate
High Yield ETF
|
ZFH
|
0.000
|
|
BMO Emerging Markets
Bond Hedged to CAD Index ETF
|
ZEF
|
0.000
|
|
BMO Laddered
Preferred Share Index ETF
|
ZPR
|
0.000
|
|
BMO US Preferred
Share Index ETF
|
ZUP
|
0.000
|
|
BMO US Preferred
Share Index ETF (USD Units)
|
ZUP.U
|
0.000
|
|
BMO US Preferred
Share Hedged to CAD Index ETF
|
ZHP
|
0.000
|
|
BMO Conservative
ETF
|
ZCON
|
0.048
|
|
BMO Balanced
ETF
|
ZBAL
|
0.000
|
|
BMO Balanced ESG
ETF
|
ZESG
|
0.000
|
|
BMO Growth
ETF
|
ZGRO
|
0.000
|
|
BMO Monthly Income
ETF
|
ZMI
|
0.000
|
|
BMO Canadian High
Dividend Covered Call ETF
|
ZWC
|
0.000
|
|
BMO Covered Call
Canadian Banks ETF
|
ZWB
|
0.059
|
|
BMO Covered Call US
Banks ETF
|
ZWK
|
0.000
|
|
BMO Covered Call
Utilities ETF
|
ZWU
|
0.000
|
|
BMO Covered Call Dow
Jones Industrial Average Hedged to CAD ETF
|
ZWA
|
0.999
|
|
BMO US High Dividend
Covered Call ETF
|
ZWH
|
0.000
|
|
BMO US High Dividend
Covered Call ETF (USD Units)
|
ZWH.U
|
0.000
|
|
BMO US High Dividend
Covered Call Hedged to CAD ETF
|
ZWS
|
0.000
|
|
BMO Europe High
Dividend Covered Call ETF
|
ZWP
|
0.000
|
|
BMO Europe High
Dividend Covered Call Hedged to CAD ETF
|
ZWE
|
0.000
|
|
BMO Global High
Dividend Covered Call ETF
|
ZWG
|
0.054
|
|
BMO Premium Yield
ETF
|
ZPAY
|
1.656
|
|
BMO Premium Yield ETF
(Hedged Units)
|
ZPAY.F
|
0.618
|
|
BMO Premium Yield ETF
(USD Units)
|
ZPAY.U
|
1.752
|
|
BMO US Put Write
ETF
|
ZPW
|
0.000
|
|
BMO US Put Write ETF
(USD Units)
|
ZPW.U
|
0.000
|
|
BMO US Put Write
Hedged to CAD ETF
|
ZPH
|
0.000
|
|
BMO S&P/TSX
Capped Composite Index ETF
|
ZCN
|
0.000
|
|
BMO MSCI Canada ESG
Leaders Index ETF
|
ESGA
|
0.057
|
|
BMO Canadian Dividend
ETF
|
ZDV
|
0.000
|
|
BMO Low Volatility
Canadian Equity ETF
|
ZLB
|
0.674
|
|
BMO MSCI Canada Value
Index ETF
|
ZVC
|
0.000
|
|
BMO S&P 500 Index
ETF
|
ZSP
|
0.000
|
|
BMO S&P 500 Index
ETF (USD Units)
|
ZSP.U
|
0.000
|
|
BMO S&P 500
Hedged to CAD Index ETF
|
ZUE
|
0.000
|
|
BMO S&P US Mid
Cap Index ETF
|
ZMID
|
0.397
|
|
BMO S&P US Mid
Cap Index ETF (Hedged Units)
|
ZMID.F
|
0.038
|
|
BMO S&P US Mid
Cap Index ETF (USD Units)
|
ZMID.U
|
0.741
|
|
BMO S&P US Small
Cap Index ETF
|
ZSML
|
0.245
|
|
BMO S&P US Small
Cap Index ETF (Hedged Units)
|
ZSML.F
|
0.000
|
|
BMO S&P US Small
Cap Index ETF (USD Units)
|
ZSML.U
|
0.419
|
|
BMO Dow Jones
Industrial Average Hedged to CAD Index ETF
|
ZDJ
|
0.140
|
|
BMO Nasdaq 100 Equity
Index ETF
|
ZNQ
|
0.000
|
|
BMO Nasdaq 100 Equity
Hedged to CAD Index ETF
|
ZQQ
|
2.348
|
|
BMO MSCI USA ESG
Leaders Index ETF
|
ESGY
|
0.000
|
|
BMO MSCI USA High
Quality Index ETF
|
ZUQ
|
0.000
|
|
BMO MSCI USA High
Quality Index ETF (Hedged Units)
|
ZUQ.F
|
0.000
|
|
BMO MSCI USA High
Quality Index ETF (USD Units)
|
ZUQ.U
|
0.000
|
|
BMO US Dividend
ETF
|
ZDY
|
0.000
|
|
BMO US Dividend ETF
(USD Units)
|
ZUD
|
0.000
|
|
BMO US Dividend
Hedged to CAD ETF
|
ZDY.U
|
0.000
|
|
BMO Low Volatility US
Equity ETF
|
ZLU
|
0.949
|
|
BMO Low Volatility US
Equity ETF (USD Units)
|
ZLH
|
0.641
|
|
BMO Low Volatility US
Equity Hedged to CAD ETF
|
ZLU.U
|
1.129
|
|
BMO MSCI USA Value
Index ETF
|
ZVU
|
0.000
|
|
BMO SIA Focused
Canadian Equity Fund - ETF Series
|
ZFC
|
0.000
|
|
BMO SIA Focused North
American Equity Fund - ETF Series
|
ZFN
|
0.000
|
|
BMO Tactical Dividend
ETF Fund - ETF Series
|
ZZZD
|
0.000
|
|
BMO Women in
Leadership Fund - ETF Series
|
WOMN
|
0.000
|
|
BMO MSCI EAFE Index
ETF
|
ZEA
|
0.000
|
|
BMO MSCI EAFE Hedged
to CAD Index ETF
|
ZDM
|
0.000
|
|
BMO MSCI EAFE ESG
Leaders Index ETF
|
ESGE
|
0.000
|
|
BMO International
Dividend ETF
|
ZDI
|
0.000
|
|
BMO International
Dividend Hedged to CAD ETF
|
ZDH
|
0.000
|
|
BMO Low Volatility
International Equity ETF
|
ZLI
|
0.000
|
|
BMO Low Volatility
International Equity Hedged to CAD ETF
|
ZLD
|
0.000
|
|
BMO MSCI Europe High
Quality Hedged to CAD Index ETF
|
ZEQ
|
0.000
|
|
BMO MSCI EAFE Value
Index ETF
|
ZVI
|
0.000
|
|
BMO MSCI All Country
World High Quality Index ETF
|
ZGQ
|
0.177
|
|
BMO MSCI Global ESG
Leaders Index ETF
|
ESGG
|
0.000
|
|
BMO MSCI Emerging
Markets Index ETF
|
ZEM
|
0.000
|
|
BMO Low Volatility
Emerging Markets Equity ETF
|
ZLE
|
0.000
|
|
BMO China Equity
Index ETF
|
ZCH
|
0.000
|
|
BMO India Equity
Index ETF
|
ZID
|
1.350
|
|
BMO Equal Weight
Banks Index ETF
|
ZEB
|
0.126
|
|
BMO Equal Weight Oil
& Gas Index ETF
|
ZEO
|
0.000
|
|
BMO Equal Weight
Utilities Index ETF
|
ZUT
|
0.150
|
|
BMO Equal Weight
REITs Index ETF
|
ZRE
|
0.250
|
|
BMO Equal Weight
Industrials Index ETF
|
ZIN
|
0.000
|
|
BMO Equal Weight US
Health Care Index ETF
|
ZHU
|
0.836
|
|
BMO Equal Weight US
Health Care Hedged to CAD Index ETF
|
ZUH
|
3.929
|
|
BMO Equal Weight US
Banks Index ETF
|
ZBK
|
0.000
|
|
BMO Equal Weight US
Banks Hedged to CAD Index ETF
|
ZUB
|
0.000
|
|
BMO Global
Infrastructure Index ETF
|
ZGI
|
0.917
|
|
BMO Equal Weight
Global Base Metals Hedged to CAD Index ETF
|
ZMT
|
0.000
|
|
BMO Equal Weight
Global Gold Index ETF
|
ZGD
|
7.000
|
|
BMO Global Consumer
Discretionary Hedged to CAD Index ETF
|
DISC
|
0.089
|
|
BMO Global Consumer
Staples Hedged to CAD Index ETF
|
STPL
|
0.000
|
|
BMO Global
Communications Index ETF
|
COMM
|
0.292
|
|
BMO Junior Gold Index
ETF
|
ZJG
|
0.000
|
|
BMO Junior Oil Index
ETF
|
ZJO
|
0.000
|
|
BMO Junior Gas Index
ETF
|
ZJN
|
0.000
|
|
1 BMO ETFs
are managed by BMO Asset Management Inc., which is an investment
fund manager and a portfolio manager, and a separate legal entity
from Bank of Montreal. ETF Series of the BMO Mutual Funds are
managed by BMO Investments Inc., which is an investment fund
manager and a separate legal entity from Bank of
Montreal.
|
|
|
2
Forward-looking information: This notice contains forward-looking
statements with respect to the estimated annual distributions for
the ETFs. By their nature, these forward-looking statements involve
risks and uncertainties that could cause the actual distributions
to differ materially from those contemplated by the forward-looking
statements. Material factors that could cause the actual
distributions to differ from the estimated distributions include,
but are not limited to: the actual amounts of distributions
received by the ETFs; portfolio transactions; and subscription and
redemption activity.
|
The Dow Jones Industrial Average Index CAD Hedged is a product
of Dow Jones Opco, LLC ("Dow Jones Opco"), a subsidiary of S&P
Dow Jones Indices LLC, and has been licensed for use. "Dow
Jones®" and "Industrial Average Index CAD Hedged" are
service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"),
and have been licensed to Dow Jones Opco and sublicensed by BMO
Asset Management Inc. in connection with ZWA and ZDJ. ZWA and ZDJ
are not sponsored, endorsed, sold or promoted by Dow Jones Opco,
Dow Jones and their respective affiliates, and they make no
representation regarding the advisability of trading or investing
in ZWA and ZDJ.
S&P®, S&P/TSX Capped Composite®,
S&P 500® are trademarks of Standard &
Poor's Financial Services LLC ("S&P"). "TSX" is a trademark of
TSX Inc. These trademarks have been licensed for use by S&P Dow
Jones Indices LLC and sublicensed to BMO Asset Management Inc. in
connection with ZCN, ZUE, ZSP, ZSP.U, ZMID, ZMID.F, ZMID.U, ZSML,
ZSML.F, and ZSML.U. These BMO ETFs are not sponsored, endorsed,
sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their
respective affiliates and S&P Dow Jones Indices LLC, S&P,
TSX and their affiliates make no representation regarding the
advisability of trading or investing in such BMO ETFs.
NASDAQ®, and NASDAQ-100 Index® Hedged
to CAD and BMO NASDAQ 100 Equity Index ETF, are registered
trademarks of Nasdaq, Inc. (which with its affiliates is referred
to as the "Corporations") and are licensed for use by BMO Asset
Management Inc. BMO Nasdaq 100 Equity Hedged to CAD Index ETF has
not been passed on by the Corporations as to their legality or
suitability and is not issued, endorsed, sold, or promoted by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO the BMO Nasdaq 100 Equity Hedged to CAD
Index ETF and BMO NASDAQ 100 Equity Index ETF.
The BMO ETFs or securities referred to herein are not sponsored,
endorsed or promoted by MSCI Inc. ("MSCI"), and MSCI bears no
liability with respect to any such BMO ETFs or securities or any
index on which such BMO ETFs or securities are based. The
prospectus of the BMO ETFs contains a more detailed description of
the limited relationship MSCI has with BMO Asset Management Inc.
and any related BMO ETFs.
®/™Registered trademarks/trademark of Bank of
Montreal, used under licence.
BMO Global Asset Management is a brand name that comprises BMO
Asset Management Inc., BMO Investments Inc., BMO Asset Management
Corp., BMO Asset Management Limited and BMO's specialized
investment management firms.
BMO ETFs are managed by BMO Asset Management Inc., which is an
investment fund manager and a portfolio manager, and a separate
legal entity from Bank of Montreal. ETF Series of the BMO Mutual Funds
are managed by BMO Investments Inc., which is an investment fund
manager and a separate legal entity from Bank of Montreal.
Commissions, management fees and expenses (if applicable) all
may be associated with investments in BMO ETFs and ETF Series of
the BMO Mutual Funds. Please read the ETF Facts or prospectus
of the relevant BMO ETF or ETF Series before investing. BMO
ETFs and ETF Series are not guaranteed, their values change
frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs or
ETF Series of the BMO Mutual Funds, please see the specific risks
set out in the prospectus. BMO ETFs and ETF Series trade like
stocks, fluctuate in market value and may trade at a discount to
their net asset value, which may increase the risk of loss.
Distributions are not guaranteed and are subject to change and/or
elimination.
About BMO Exchange Traded Funds (ETFs)
BMO Exchange
Traded Funds has been a leading ETF provider
in Canada for 11 years, with 96 mandates and 30 per cent
market share in Canada. BMO ETFs are designed to stay ahead of
market trends and provide compelling solutions to help advisors and
investors. This includes a comprehensive suite of ETFs developed
in Canada for Canadians, such as cost effective core
equity ETFs following market leading indexes, and a broad range of
fixed income ETFs; solution-based ETFs responding to client demand;
and innovation with smart beta ETFs, as well as combining active
and passive investing with ETF series of award-winning active
mutual funds.
About BMO Financial Group
Serving customers for
200 years and counting, BMO is a highly diversified financial
services provider - the 8th largest bank, by assets, in North
America. With total assets of $974 billion as
of July 31, 2020, and a team of diverse and highly engaged
employees, BMO provides a broad range of personal and commercial
banking, wealth management and investment banking products and
services to more than 12 million customers and conducts business
through three operating groups: Personal and Commercial Banking,
BMO Wealth Management and BMO Capital Markets.
SOURCE BMO Financial Group