Canadian ETF knowledgebase
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.
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.
|Inception Date||Jan 19, 2010|
|Significant Currency Exposure||No|
|Currency Hedging||Not applicable|
|Management Expense Ratio (MER)||0.61%|
|Exchange||TSX (Toronto Stock Exchange)|
|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.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
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.