TORONTO, June 20,
2024 /CNW/ - BMO Asset Management Inc., as manager of
the BMO ETFs, and BMO Investments Inc., as manager of the BMO
Mutual Funds, today announced the June
2024 cash and reinvested distributions for unitholders of
BMO ETFs and unitholders of ETF Series units of the BMO Mutual
Funds (ETF Series) that distribute monthly and quarterly, as set
out in the tables below. Unitholders of record of the BMO ETFs and
ETF Series at the close of business on June
27, 2024 will receive cash or reinvested distributions
payable on July 3, 2024.
The ex-dividend date and record date for all BMO ETFs and ETF
Series of BMO Mutual Funds is June 27,
2024.
Details of the per unit cash distribution amount are as
follows:
Monthly Distributions
|
FUND
NAME
|
TICKER
|
CASH
DISTRIBUTION
PER UNIT
|
|
BMO Aggregate Bond
Index ETF
|
ZAG
|
$0.040
|
|
BMO Canadian MBS Index
ETF
|
ZMBS
|
$0.037
|
|
BMO Discount Bond Index
ETF
|
ZDB
|
$0.030
|
|
BMO Emerging Markets
Bond Hedged to CAD Index ETF
|
ZEF
|
$0.045
|
|
BMO Equal Weight Banks
Index ETF
|
ZEB
|
$0.140
|
|
BMO Equal Weight REITs
Index ETF
|
ZRE
|
$0.090
|
|
BMO Equal Weight
Utilities Index ETF
|
ZUT
|
$0.075
|
|
BMO ESG High Yield US
Corporate Bond Index ETF
|
ESGH
|
$0.100
|
|
BMO ESG High Yield US
Corporate Bond Index ETF (Hedged Units)
|
ESGH.F
|
$0.095
|
|
BMO High Yield US
Corporate Bond Hedged to CAD Index ETF
|
ZHY
|
$0.056
|
|
BMO High Yield US
Corporate Bond Index ETF
|
ZJK
|
$0.090
|
|
BMO High Yield US
Corporate Bond Index ETF (USD Units)*
|
ZJK.U
|
$0.085
|
|
BMO Laddered Preferred
Share Index ETF
|
ZPR
|
$0.045
|
|
BMO Laddered Preferred
Share Index ETF (USD Units)*
|
ZPR.U
|
$0.075
|
|
BMO Long Corporate Bond
Index ETF
|
ZLC
|
$0.060
|
|
BMO Long Federal Bond
Index ETF
|
ZFL
|
$0.033
|
|
BMO Long Provincial
Bond Index ETF
|
ZPL
|
$0.040
|
|
BMO Mid Corporate Bond
Index ETF
|
ZCM
|
$0.050
|
|
BMO Mid Federal Bond
Index ETF
|
ZFM
|
$0.028
|
|
BMO Mid Provincial Bond
Index ETF
|
ZMP
|
$0.034
|
|
BMO Mid-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
ZMU
|
$0.042
|
|
BMO Mid-Term US IG
Corporate Bond Index ETF
|
ZIC
|
$0.059
|
|
BMO Mid-Term US IG
Corporate Bond Index ETF (USD Units)*
|
ZIC.U
|
$0.042
|
|
BMO Real Return Bond
Index ETF
|
ZRR
|
$0.057
|
|
BMO Short Corporate
Bond Index ETF
|
ZCS
|
$0.038
|
|
BMO Short Federal Bond
Index ETF
|
ZFS
|
$0.025
|
|
BMO Short Provincial
Bond Index ETF
|
ZPS
|
$0.030
|
|
BMO Short-Term US IG
Corporate Bond Hedged to CAD Index ETF
|
ZSU
|
$0.038
|
|
BMO US Aggregate Bond
Index ETF
|
ZUAG
|
$0.055
|
|
BMO US Aggregate Bond
Index ETF (Hedged Units)
|
ZUAG.F
|
$0.055
|
|
BMO US Aggregate Bond
Index ETF (USD Units)*
|
ZUAG.U
|
$0.055
|
|
BMO US Preferred Share
Hedged to CAD Index ETF
|
ZHP
|
$0.097
|
|
BMO US Preferred Share
Index ETF
|
ZUP
|
$0.109
|
|
BMO US Preferred Share
Index ETF (USD Units)*
|
ZUP.U
|
$0.105
|
|
BMO Balanced ETF (Fixed
Percentage Distribution Units)
|
ZBAL.T
|
$0.141
|
|
BMO Canadian Banks
Accelerator ETF
|
ZEBA
|
$0.126
|
|
BMO Canadian Dividend
ETF
|
ZDV
|
$0.070
|
|
BMO Canadian High
Dividend Covered Call ETF
|
ZWC
|
$0.100
|
|
BMO Covered Call
Canadian Banks ETF
|
ZWB
|
$0.110
|
|
BMO Covered Call
Canadian Banks ETF (USD Units)*
|
ZWB.U
|
$0.140
|
|
BMO Covered Call Dow
Jones Industrial Average Hedged to CAD ETF
|
ZWA
|
$0.130
|
|
BMO Covered Call Energy
ETF
|
ZWEN
|
$0.220
|
|
BMO Covered Call Health
Care ETF
|
ZWHC
|
$0.160
|
|
BMO Covered Call
Technology ETF
|
ZWT
|
$0.150
|
|
BMO Covered Call US
Banks ETF
|
ZWK
|
$0.145
|
|
BMO Covered Call
Utilities ETF
|
ZWU
|
$0.070
|
|
BMO Europe High
Dividend Covered Call ETF
|
ZWP
|
$0.105
|
|
BMO Europe High
Dividend Covered Call Hedged to CAD ETF
|
ZWE
|
$0.120
|
|
BMO Floating Rate High
Yield ETF
|
ZFH
|
$0.100
|
|
BMO Global High
Dividend Covered Call ETF
|
ZWG
|
$0.175
|
|
BMO Growth ETF (Fixed
Percentage Distribution Units)
|
ZGRO.T
|
$0.160
|
|
BMO International
Dividend ETF
|
ZDI
|
$0.080
|
|
BMO International
Dividend Hedged to CAD ETF
|
ZDH
|
$0.090
|
|
BMO Monthly Income
ETF
|
ZMI
|
$0.070
|
|
BMO Monthly Income ETF
(USD Units)*
|
ZMI.U
|
$0.120
|
|
BMO Premium Yield
ETF
|
ZPAY
|
$0.160
|
|
BMO Premium Yield ETF
(Hedged Units)
|
ZPAY.F
|
$0.155
|
|
BMO Premium Yield ETF
(USD Units)*
|
ZPAY.U
|
$0.160
|
|
BMO Ultra Short-Term
Bond ETF
|
ZST
|
$0.200
|
|
BMO Ultra Short-Term US
Bond ETF (USD Units)*
|
ZUS.U
|
$0.205
|
|
BMO USD Cash Management
ETF
|
ZUCM
|
$0.136
|
|
BMO USD Cash Management
ETF (USD Units)*
|
ZUCM.U
|
$0.135
|
|
BMO US Dividend
ETF
|
ZDY
|
$0.080
|
|
BMO US Dividend ETF
(USD Units)*
|
ZDY.U
|
$0.060
|
|
BMO US Dividend Hedged
to CAD ETF
|
ZUD
|
$0.055
|
|
BMO US High Dividend
Covered Call ETF
|
ZWH
|
$0.100
|
|
BMO US High Dividend
Covered Call ETF (USD Units)*
|
ZWH.U
|
$0.105
|
|
BMO US High Dividend
Covered Call Hedged to CAD ETF
|
ZWS
|
$0.090
|
|
BMO US Put Write
ETF
|
ZPW
|
$0.125
|
|
BMO US Put Write ETF
(USD Units)*
|
ZPW.U
|
$0.125
|
|
BMO US Put Write Hedged
to CAD ETF
|
ZPH
|
$0.120
|
|
BMO Global Enhanced
Income Fund (ETF Series)
|
ZWQT
|
$0.085
|
|
BMO Global Dividend
Opportunities Fund (Active ETF Series)
|
BGDV
|
$0.034
|
|
BMO Global REIT Fund
(Active ETF Series)
|
BGRT
|
$0.055
|
|
BMO Money Market Fund
(ETF Series)
|
ZMMK
|
$0.200
|
Quarterly Distributions
|
FUND
NAME
|
TICKER
|
CASH
DISTRIBUTION
PER UNIT
|
|
BMO BBB Corporate
Bond Index ETF
|
ZBBB
|
$0.260
|
|
BMO Canadian Bank
Income Index ETF
|
ZBI
|
$0.250
|
|
BMO Corporate Bond
Index ETF
|
ZCB
|
$0.450
|
|
BMO Dow Jones
Industrial Average Hedged to CAD Index ETF
|
ZDJ
|
$0.220
|
|
BMO Equal Weight
Industrials Index ETF
|
ZIN
|
$0.150
|
|
BMO Equal Weight Oil
& Gas Index ETF
|
ZEO
|
$0.700
|
|
BMO Equal Weight US
Banks Hedged to CAD Index ETF
|
ZUB
|
$0.185
|
|
BMO Equal Weight US
Banks Index ETF
|
ZBK
|
$0.195
|
|
BMO ESG Corporate Bond
Index ETF
|
ESGB
|
$0.240
|
|
BMO ESG US Corporate
Bond Hedged to CAD Index ETF
|
ESGF
|
$0.240
|
|
BMO Global
Communications Index ETF
|
COMM
|
$0.110
|
|
BMO Global Consumer
Discretionary Hedged to CAD Index ETF
|
DISC
|
$0.090
|
|
BMO Global Consumer
Staples Hedged to CAD Index ETF
|
STPL
|
$0.140
|
|
BMO Global
Infrastructure Index ETF
|
ZGI
|
$0.350
|
|
BMO Government Bond
Index ETF
|
ZGB
|
$0.300
|
|
BMO High Quality
Corporate Bond Index ETF
|
ZQB
|
$0.240
|
|
BMO Japan Index
ETF
|
ZJPN
|
$0.160
|
|
BMO Japan Index ETF
(Hedged Units)
|
ZJPN.F
|
$0.180
|
|
BMO Long-Term US
Treasury Bond Index ETF
|
ZTL
|
$0.290
|
|
BMO Long-Term US
Treasury Bond Index ETF (Hedged Units)
|
ZTL.F
|
$0.260
|
|
BMO Long-Term US
Treasury Bond Index ETF (USD Units)*
|
ZTL.U
|
$0.280
|
|
BMO Mid-Term US
Treasury Bond Index ETF
|
ZTM
|
$0.320
|
|
BMO Mid-Term US
Treasury Bond Index ETF (USD Units)*
|
ZTM.U
|
$0.310
|
|
BMO MSCI ACWI Paris
Aligned Climate Equity Index ETF
|
ZGRN
|
$0.130
|
|
BMO MSCI All Country
World High Quality Index ETF
|
ZGQ
|
$0.170
|
|
BMO MSCI Canada ESG
Leaders Index ETF
|
ESGA
|
$0.250
|
|
BMO MSCI Canada Value
Index ETF
|
ZVC
|
$0.210
|
|
BMO MSCI EAFE ESG
Leaders Index ETF
|
ESGE
|
$0.220
|
|
BMO MSCI EAFE Hedged to
CAD Index ETF
|
ZDM
|
$0.200
|
|
BMO MSCI EAFE Index
ETF
|
ZEA
|
$0.160
|
|
BMO MSCI Europe High
Quality Hedged to CAD Index ETF
|
ZEQ
|
$0.016
|
|
BMO MSCI Global ESG
Leaders Index ETF
|
ESGG
|
$0.150
|
|
BMO MSCI USA ESG
Leaders Index ETF
|
ESGY
|
$0.120
|
|
BMO MSCI USA ESG
Leaders Index ETF (Hedged Units)
|
ESGY.F
|
$0.110
|
|
BMO MSCI USA High
Quality Index ETF
|
ZUQ
|
$0.140
|
|
BMO MSCI USA High
Quality Index ETF (Hedged Units)
|
ZUQ.F
|
$0.090
|
|
BMO MSCI USA High
Quality Index ETF (USD Units)*
|
ZUQ.U
|
$0.090
|
|
BMO MSCI USA Value
Index ETF
|
ZVU
|
$0.180
|
|
BMO S&P 500 Hedged
to CAD Index ETF
|
ZUE
|
$0.210
|
|
BMO S&P 500 Index
ETF
|
ZSP
|
$0.220
|
|
BMO S&P 500 Index
ETF (USD Units)*
|
ZSP.U
|
$0.170
|
|
BMO S&P/TSX 60
Index ETF
|
ZIU
|
$0.380
|
|
BMO S&P/TSX Capped
Composite Index ETF
|
ZCN
|
$0.230
|
|
BMO S&P US Mid Cap
Index ETF
|
ZMID
|
$0.140
|
|
BMO S&P US Mid Cap
Index ETF (Hedged Units)
|
ZMID.F
|
$0.140
|
|
BMO S&P US Mid Cap
Index ETF (USD Units)*
|
ZMID.U
|
$0.140
|
|
BMO S&P US Small
Cap Index ETF
|
ZSML
|
$0.130
|
|
BMO S&P US Small
Cap Index ETF (Hedged Units)
|
ZSML.F
|
$0.130
|
|
BMO S&P US Small
Cap Index ETF (USD Units)*
|
ZSML.U
|
$0.130
|
|
BMO Short-Term Bond
Index ETF
|
ZSB
|
$0.340
|
|
BMO Short-Term US TIPS
Index ETF
|
ZTIP
|
$0.300
|
|
BMO Short-Term US TIPS
Index ETF (Hedged Units)
|
ZTIP.F
|
$0.260
|
|
BMO Short-Term US TIPS
Index ETF (USD Units)*
|
ZTIP.U
|
$0.260
|
|
BMO Short-Term US
Treasury Bond Index ETF
|
ZTS
|
$0.280
|
|
BMO Short-Term US
Treasury Bond Index ETF (USD Units)*
|
ZTS.U
|
$0.270
|
|
BMO US TIPS Index
ETF
|
TIPS
|
$0.270
|
|
BMO US TIPS Index ETF
(Hedged Units)
|
TIPS.F
|
$0.320
|
|
BMO US TIPS Index ETF
(USD Units)*
|
TIPS.U
|
$0.270
|
|
BMO All-Equity
ETF
|
ZEQT
|
$0.220
|
|
BMO Balanced ESG
ETF
|
ZESG
|
$0.180
|
|
BMO Balanced
ETF
|
ZBAL
|
$0.220
|
|
BMO Conservative
ETF
|
ZCON
|
$0.220
|
|
BMO Corporate Discount
Bond ETF
|
ZCDB
|
$0.140
|
|
BMO Global Agriculture
ETF
|
ZEAT
|
$0.130
|
|
BMO Growth
ETF
|
ZGRO
|
$0.220
|
|
BMO Long Short Canadian
Equity ETF
|
ZLSC
|
$0.115
|
|
BMO Long Short US
Equity ETF
|
ZLSU
|
$0.170
|
|
BMO Low Volatility
Canadian Equity ETF
|
ZLB
|
$0.280
|
|
BMO Low Volatility
International Equity ETF
|
ZLI
|
$0.160
|
|
BMO Low Volatility
International Equity Hedged to CAD ETF
|
ZLD
|
$0.170
|
|
BMO Low Volatility US
Equity ETF
|
ZLU
|
$0.270
|
|
BMO Low Volatility US
Equity ETF (USD Units)*
|
ZLU.U
|
$0.200
|
|
BMO Low Volatility US
Equity Hedged to CAD ETF
|
ZLH
|
$0.190
|
|
BMO Short-Term Discount
Bond ETF
|
ZSDB
|
$0.100
|
|
BMO US Equity
Accelerator Hedged to CAD ETF
|
ZUEA
|
$0.047
|
|
BMO US Equity Buffer
Hedged to CAD ETF – January
|
ZJAN
|
$0.042
|
|
BMO US Equity Buffer
Hedged to CAD ETF – April
|
ZAPR
|
$0.041
|
|
BMO US Equity Buffer
Hedged to CAD ETF – October
|
ZOCT
|
$0.043
|
|
BMO Brookfield Global
Real Estate Tech Fund (ETF Series)
|
TOWR
|
$0.120
|
|
BMO Brookfield Global
Renewables Infrastructure Fund (ETF Series)
|
GRNI
|
$0.160
|
|
BMO Core Plus Bond Fund
(ETF Series)
|
ZCPB
|
$0.200
|
|
BMO Global
Infrastructure Fund (Active ETF Series)
|
BGIF
|
$0.145
|
|
BMO Global Innovators
Fund (Active ETF Series)
|
BGIN
|
$0.020
|
|
BMO Global Strategic
Bond Fund (ETF Series)
|
ZGSB
|
$0.300
|
|
BMO Sustainable Global
Multi-Sector Bond Fund (ETF Series)
|
ZMSB
|
$0.250
|
|
BMO Tactical Dividend
ETF Fund (ETF Series)
|
ZZZD
|
$0.300
|
Quarterly Distributions - Automatically Reinvested
The following quarterly cash distributions are distributed and
automatically reinvested in additional Accumulating Units of the
applicable BMO ETF, which are consolidated immediately.
|
FUND
NAME
|
TICKER
|
REINVESTED
DISTRIBUTION
PER UNIT ($)
|
|
BMO Short Corporate
Bond Index ETF (Accumulating Units)
|
ZCS.L
|
$0.200
|
|
BMO Short Federal Bond
Index ETF (Accumulating Units)
|
ZFS.L
|
$0.130
|
|
BMO Short Provincial
Bond Index ETF (Accumulating Units)
|
ZPS.L
|
$0.130
|
|
BMO Ultra Short-Term
Bond ETF (Accumulating Units)
|
ZST.L
|
$0.720
|
|
BMO Ultra Short-Term US
Bond ETF (USD Accumulating Units)
|
ZUS.V
|
$0.750
|
*Cash distribution per unit ($) amounts are USD for ZJK.U,
ZPR.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZMI.U, ZPAY.U, ZUS.U, ZUCM.U,
ZDY.U, ZWH.U, ZPW.U, ZTL.U, ZTM.U, ZUQ.U, ZSP.U, ZMID.U, ZSML.U,
ZTIP.U, TIPS.U, ZTS.U, ZLU.U and ZUS.V.
Further information about BMO ETFs and ETF Series of the BMO
Mutual Funds can be found at www.bmo.com/etfs.
Commissions, management fees and expenses 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.
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.
Distributions are not guaranteed and may fluctuate. Distribution
rates may change without notice (up or down) depending on market
conditions. The payment of distributions should not be confused
with an investment fund's performance, rate of return or yield. If
distributions paid by an investment fund are greater than the
performance of the fund, your original investment will shrink.
Distributions paid as a result of capital gains realized by an
investment fund, and income and dividends earned by an investment
fund, are taxable in your hands in the year they are paid. Your
adjusted cost base will be reduced by the amount of any returns of
capital. If your adjusted cost base goes below zero, you will have
to pay capital gains tax on the amount below zero. Please refer to
the distribution policy for the relevant BMO ETF or ETF Series set
out in its prospectus.
Cash distributions, if any, on units of a BMO ETF or an ETF
Series (other than accumulating units or units subject to a
distribution reinvestment plan) are expected to be paid primarily
out of dividends or distributions, and other income or gains,
received by the BMO ETF or ETF Series less the expenses of the BMO
ETF or ETF Series, but may also consist of non-taxable amounts
including returns of capital, which may be paid in the manager's
sole discretion. To the extent that the expenses of a BMO ETF or an
ETF Series exceed the income generated by such BMO ETF or ETF
Series in any given month, quarter or year, as the case may be, it
is not expected that a monthly, quarterly, or annual distribution
will be paid. Distributions, if any, in respect of the accumulating
units of BMO Short Corporate Bond Index ETF, BMO Short Federal Bond
Index ETF, BMO Short Provincial Bond Index ETF, BMO Ultra
Short-Term Bond ETF and BMO Ultra Short-Term US Bond ETF will be
automatically reinvested in additional accumulating units of the
applicable BMO ETF. Following each distribution, the number of
accumulating units of the applicable BMO ETF or ETF Series will be
immediately consolidated so that the number of outstanding
accumulating units of the applicable BMO ETF or ETF Series will be
the same as the number of outstanding accumulating units before the
distribution. Non-resident unitholders may have the number of
securities reduced due to withholding tax. Certain BMO ETFs and ETF
Series have adopted a distribution reinvestment plan, which
provides that a unitholder may elect to automatically reinvest all
cash distributions paid on units held by that unitholder in
additional units of the applicable BMO ETF or ETF Series in
accordance with the terms of the distribution reinvestment plan.
For further information, see the distribution policy for the
relevant BMO ETF or ETF Series set out in its prospectus.
Certain indices are a product of S&P Dow Jones Indices
LLC or its affiliates ("SPDJI"),and have been licensed for use by
BMO Asset Management Inc. S&P®, S&P 500®, US 500, The 500,
iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or
its affiliates ("S&P") and Dow Jones® is a registered trademark
of Dow Jones Trademark Holdings LLC ("Dow Jones"), and these
trademarks have been licensed for use by SPDJI and sublicensed for
certain purposes by the manager. These BMO Index ETFs are not
sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P,
their respective affiliates, and none of such parties make any
representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors,
omissions, or interruptions of the relevant index.
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.
"BMO (M-bar roundel symbol)" is a registered trademark of Bank
of Montreal, used under
licence.
About BMO Exchange Traded Funds (ETFs)
BMO Exchange
Traded Funds has been an ETF provider in Canada for more
than 15 years, with over 100 strategies, over 22 per cent market
share in Canada1, and $107 billion in
assets under management. 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 active mutual funds.
1Morningstar, May 2024
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.4 trillion as of April 30, 2024. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
SOURCE BMO Financial Group