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BMO Low Volatility International Equity Hedged to CAD ETF (ZLD : TSX)

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International Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2019

Click for more information on Fundata’s FundGrade

Close
(11-22-2024) 		$27.85
Change
$0.32 (1.16%)
Open $27.86
Day Range $27.84 - $27.86
Volume 4,900

As at October 31, 2024

As at October 31, 2024

As at July 31, 2024

  • Closing Price / Volume
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Legend

BMO Low Volatility International Equity Hedged to CAD ETF

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Fund Returns

Inception Return (February 10, 2016): 6.81%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -2.07% 1.58% 6.17% 9.75% 17.20% 13.12% 5.06% 9.50% 4.27% 5.63% 5.53% 6.35% - -
Benchmark -2.68% -1.26% 4.43% 10.97% 22.70% 19.06% 5.43% 9.83% 7.00% 7.62% 5.61% 7.24% 6.45% 7.46%
Category Average -2.66% 5.27% 5.27% 10.90% 21.58% 17.51% 3.74% 8.18% 6.14% 6.78% 4.73% 6.30% 5.50% 6.12%
Category Rank 272 / 803 130 / 794 231 / 780 579 / 770 676 / 768 695 / 726 305 / 700 308 / 674 601 / 649 504 / 596 222 / 526 273 / 467 - -
Quartile Ranking 2 1 2 4 4 4 2 2 4 4 2 3 - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 4.11% 2.57% 1.92% 0.28% 2.73% -1.55% 1.51% -0.83% 3.82% 3.70% 0.03% -2.07%
Benchmark 7.38% 2.98% 0.90% 3.40% 3.12% -1.23% 2.60% -0.96% 4.08% 0.37% 1.09% -2.68%

Best Monthly Return Since Inception

10.46% (November 2020)

Worst Monthly Return Since Inception

-12.76% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 12.61% 1.07% 16.88% -5.53% 12.64% -7.68% 12.61%
Benchmark 4.12% 19.41% -1.70% 18.37% -6.81% 16.27% 8.01% 8.97% -10.67% 15.74%
Category Average 1.55% 13.82% -2.56% 17.84% -8.91% 17.54% 7.87% 8.64% -12.60% 13.75%
Quartile Ranking - - - 4 1 3 4 1 2 3
Category Rank - - - 398/ 468 5/ 530 340/ 598 632/ 649 140/ 679 192/ 702 484/ 733

Best Calendar Return (Last 10 years)

16.88% (2019)

Worst Calendar Return (Last 10 years)

-7.68% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 96.62
Income Trust Units 2.56
Cash and Equivalents 0.84
Other -0.02

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 15.82
Healthcare 13.93
Industrial Services 11.39
Utilities 10.59
Financial Services 10.21
Other 38.06

Geographic Allocation

Geographic Allocation
Name Percent
Europe 70.02
Asia 27.59
Africa and Middle East 1.83
North America 0.60
Other -0.04

Top Holdings

Top Holdings
Name Percent
BMO Low Volatility International Equity ETF (ZLI) 99.38
CAD Currency Forward 0.47
JPY Currency Forward 0.10
EUR Currency Forward 0.06
CANADIAN DOLLAR 0.04
CHF Currency Forward 0.02
SEK Currency Forward 0.01
AUD Currency Forward 0.01
EURO CURRENCY 0.01
HKD Currency Forward 0.01

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Low Volatility International Equity Hedged to CAD ETF

Median

Other - International Equity

3 Yr Annualized

Standard Deviation 10.27% 12.22% -
Beta 0.67% 0.79% -
Alpha 0.01% -0.01% -
Rsquared 0.77% 0.77% -
Sharpe 0.19% 0.22% -
Sortino 0.35% 0.22% -
Treynor 0.03% 0.03% -
Tax Efficiency 79.86% 76.47% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.44% 10.27% 12.22% -
Beta 0.60% 0.67% 0.79% -
Alpha 0.04% 0.01% -0.01% -
Rsquared 0.59% 0.77% 0.77% -
Sharpe 1.56% 0.19% 0.22% -
Sortino 4.22% 0.35% 0.22% -
Treynor 0.19% 0.03% 0.03% -
Tax Efficiency 93.52% 79.86% 76.47% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date February 10, 2016
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $25
52 Week High $28.64
52 Week Low $24.38
Annual Dividend $0.68
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

BMO Low Volatility International Equity Hedged to CAD ETF has been designed to provide exposure to a low beta weighted portfolio of international stocks in developed countries outside of North America. Beta measures the security's sensitivity to market movements.

Investment Strategy

ZLD utilizes a rules based methodology to build a portfolio of less market sensitive stocks from a universe of international large cap stocks. The underlying portfolio is rebalanced in June and reconstituted in December.

Portfolio Manager(s)

Name Start Date
BMO Asset Management Inc. 02-10-2016

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.45%
Management Fee 0.40%

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