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 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.