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BMO US Dividend Hedged to CAD ETF (ZUD : TSX)

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U.S. Div & Inc Equity

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

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

Fundata ESG Grade A

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Close
(12-20-2024) 		$30.47
Change
$0.29 (0.96%)
Open $30.54
Day Range $30.47 - $30.54
Volume 700

As at November 30, 2024

As at November 30, 2024

As at July 31, 2024

  • Closing Price / Volume
Period
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Legend

BMO US Dividend Hedged to CAD ETF

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Fund Returns

Inception Return (March 19, 2013): 9.85%

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 4.40% 5.05% 13.68% 20.89% 25.90% 10.92% 8.99% 11.45% 7.87% 7.85% 7.38% 8.03% 9.44% 8.39%
Benchmark 6.59% 11.27% 18.22% 35.66% 38.11% 25.73% 14.87% 17.60% 17.00% 16.83% 15.78% 16.05% 15.20% 15.67%
Category Average 4.76% 13.82% 13.82% - - - - - - - - - - -
Category Rank 155 / 209 170 / 209 124 / 207 175 / 206 142 / 206 162 / 193 161 / 192 151 / 189 171 / 187 169 / 181 146 / 166 126 / 138 82 / 114 82 / 94
Quartile Ranking 3 4 3 4 3 4 4 4 4 4 4 4 3 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 4.15% 0.98% 2.14% 4.01% -4.12% 3.40% 0.81% 4.27% 2.96% 1.80% -1.16% 4.40%
Benchmark 1.80% 3.00% 6.70% 3.07% -2.70% 4.13% 3.97% 2.12% 0.07% 2.23% 2.12% 6.59%

Best Monthly Return Since Inception

12.11% (November 2020)

Worst Monthly Return Since Inception

-18.05% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 15.73% -1.40% 22.91% 13.31% -5.46% 21.24% -5.15% 23.37% -5.00% 5.68%
Benchmark 24.19% 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32%
Category Average - - - - - - - - - -
Quartile Ranking 4 4 1 2 3 2 4 2 3 4
Category Rank 53/ 67 85/ 99 1/ 115 39/ 138 120/ 166 50/ 181 181/ 187 87/ 189 142/ 192 147/ 193

Best Calendar Return (Last 10 years)

23.37% (2021)

Worst Calendar Return (Last 10 years)

-5.46% (2018)

Asset Allocation

Asset Allocation
Name Percent
US Equity 96.36
International Equity 4.13
Cash and Equivalents -0.48
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Technology 21.00
Healthcare 19.21
Financial Services 14.19
Consumer Goods 9.31
Consumer Services 8.39
Other 27.90

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.88
Europe 4.13
Other -0.01

Top Holdings

Top Holdings
Name Percent
BMO US Dividend ETF (ZDY) 100.69
CANADIAN DOLLAR 0.04
US DOLLAR 0.00
USD Currency Forward -0.14
CAD Currency Forward -0.58

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 US Dividend Hedged to CAD ETF

Median

Other - U.S. Div & Inc Equity

3 Yr Annualized

Standard Deviation 14.72% 17.36% 14.36%
Beta 0.85% 1.02% 0.84%
Alpha -0.03% -0.08% -0.04%
Rsquared 0.68% 0.70% 0.57%
Sharpe 0.42% 0.39% 0.52%
Sortino 0.71% 0.50% 0.61%
Treynor 0.07% 0.07% 0.09%
Tax Efficiency 88.96% 85.68% 86.06%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 8 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.89% 14.72% 17.36% 14.36%
Beta 0.55% 0.85% 1.02% 0.84%
Alpha 0.05% -0.03% -0.08% -0.04%
Rsquared 0.30% 0.68% 0.70% 0.57%
Sharpe 2.15% 0.42% 0.39% 0.52%
Sortino 4.49% 0.71% 0.50% 0.61%
Treynor 0.35% 0.07% 0.07% 0.09%
Tax Efficiency 96.09% 88.96% 85.68% 86.06%

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 March 19, 2013
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $131
52 Week High $32.00
52 Week Low $26.42
Annual Dividend $0.66
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 US Dividend Hedged to CAD ETF has been designed to provide exposure to a yield weighted portfolio of U.S. dividend paying stocks.

Investment Strategy

ZUD utilizes a rules based methodology that considers the three year dividend growth rate, yield, and payout ratio to invest in U.S. equities. Securities will also be subject to a liquidity screen process. The underlying portfolio is rebalanced in June and reconstituted in December. The U.S. dollar currency exposure is hedged back to Canadian dollars.

Portfolio Manager(s)

Name Start Date
BMO Asset Management Inc. 03-27-2013

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 0.34%
Management Fee 0.30%

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