BMO S&P/TSX Equal Weight Banks Index ETF - ZEB

ETF Overview

The fund has been designed to replicate, to the extent possible, the performance of the S&P/TSX Equal Weight Diversified Banks 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 S&P/TSX Equal Weight Diversified Banks Index includes commercial banks whose businesses are derived primarily from commercial lending operations and have significant business activity in retail banking and small and medium enterprise corporate lending.

The index is a subset of the S&P/TSX Composite Index, but each constituent security is allocated a fixed weight rather than a market capitalization weight.

Key ETF Data

Fundamentals
Category (main)	Canadian Equity - Banks
Category (other)	Banks / Financials
Underlying Index	S&P/TSX Equal Weight Diversified Banks Index
ETF Structure	Passive type. Endeavours to return the Index return before fees/costs
Asset Class	Equity - Banks
Region	Canada
Issuer	BMO
ETF Home Page	Available here

Fund Facts
Inception Date	Oct 20, 2009
Total Holdings	6
Distribution Frequency	Monthly
Leverage	None
Significant Currency Exposure	No
Currency Hedging	Not applicable

Fees
Management Fee	0.55%
Management Expense Ratio (MER)	0.62%

Trading Information
Ticker	ZEB
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 Analysis

We would recommend this ETF if it was not for the MER ().

Charging an MER of 0.62% whilst holding just 6 stocks seems very excessive to us.