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BMO MSCI Europe High Quality Hedged to CAD Index ETF

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European Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade A

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2023, 2022, 2021, 2020

Click for more information on Fundata’s FundGrade

NAVPS
(05-30-2025) 		$30.91
Change
$0.14 (0.45%)

As at April 30, 2025

As at April 30, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan …$10,000$15,000$20,000$25,000$30,000$9,000$11,000$12,000$13,000Period

Legend

BMO MSCI Europe High Quality Hedged to CAD Index ETF

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Fund Returns

Inception Return (February 10, 2014): 8.83%

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 -0.91% -3.74% 0.74% 2.74% -0.18% 3.92% 5.81% 5.14% 9.43% 8.02% 8.65% 7.88% 9.00% 7.81%
Benchmark 0.46% 2.85% 9.85% 10.52% 14.60% 11.76% 13.67% 8.90% 12.45% 8.31% 7.29% 7.29% 8.73% 7.21%
Category Average 0.35% 0.92% 5.38% 6.80% 11.38% 9.07% 10.18% 4.86% 9.11% 5.34% 4.44% 4.51% 5.56% 4.69%
Category Rank 75 / 98 96 / 98 94 / 98 90 / 98 96 / 98 93 / 98 91 / 98 53 / 98 56 / 96 18 / 96 1 / 89 3 / 85 4 / 74 2 / 68
Quartile Ranking 4 4 4 4 4 4 4 3 3 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 4.25% -0.45% -0.60% 2.83% -2.04% -4.63% -0.63% -1.33% 6.72% 2.32% -5.06% -0.91%
Benchmark 4.15% -2.07% 3.38% 1.39% 0.64% -3.03% -0.82% 0.21% 7.45% 3.09% -0.68% 0.46%

Best Monthly Return Since Inception

9.82% (November 2020)

Worst Monthly Return Since Inception

-9.22% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 9.68% 5.80% 14.80% -6.41% 32.88% 6.58% 24.22% -11.74% 14.85% 2.88%
Benchmark 17.20% -3.54% 18.15% -7.68% 19.54% 3.59% 15.26% -10.82% 17.51% 10.66%
Category Average 17.33% -5.77% 14.98% -9.04% 15.21% 3.84% 11.84% -15.77% 16.91% 8.55%
Quartile Ranking 4 1 3 2 1 3 1 2 4 4
Category Rank 61/ 68 4/ 70 48/ 80 23/ 88 2/ 93 55/ 96 3/ 98 31/ 98 78/ 98 96/ 98

Best Calendar Return (Last 10 years)

32.88% (2019)

Worst Calendar Return (Last 10 years)

-11.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
International Equity 100.47
Cash and Equivalents -0.47

Sector Allocation

Sector Allocation
Name Percent
Consumer Goods 27.69
Healthcare 22.13
Industrial Goods 12.98
Financial Services 11.76
Technology 7.58
Other 17.86

Geographic Allocation

Geographic Allocation
Name Percent
Europe 99.78
North America 0.22

Top Holdings

Top Holdings
Name Percent
Nestle SA Cl N 5.62
AstraZeneca PLC 5.16
Novartis AG Cl N 5.04
Roche Holding AG - Partcptn 4.85
ASML Holding NV 4.67
Unilever PLC 3.70
Allianz SE 3.07
LVMH Moet Hennessy Louis Vuitton SE 2.95
Novo Nordisk A/S Cl B 2.88
Relx PLC 2.51

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12131415161718192021222324252627280%5%10%15%20%25%

BMO MSCI Europe High Quality Hedged to CAD Index ETF

Median

Other - European Equity

3 Yr Annualized

Standard Deviation 14.79% 14.27% 13.08%
Beta 0.91% 0.87% 0.81%
Alpha -0.06% -0.01% 0.02%
Rsquared 0.76% 0.75% 0.71%
Sharpe 0.19% 0.53% 0.51%
Sortino 0.41% 0.80% 0.62%
Treynor 0.03% 0.09% 0.08%
Tax Efficiency 83.61% 89.76% 88.16%
Volatility Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10 Volatility rating is 7 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 11.97% 14.79% 14.27% 13.08%
Beta 0.99% 0.91% 0.87% 0.81%
Alpha -0.14% -0.06% -0.01% 0.02%
Rsquared 0.70% 0.76% 0.75% 0.71%
Sharpe -0.27% 0.19% 0.53% 0.51%
Sortino -0.32% 0.41% 0.80% 0.62%
Treynor -0.03% 0.03% 0.09% 0.08%
Tax Efficiency - 83.61% 89.76% 88.16%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A91.3​91.359.1​59.10%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A94.3​94.365.8​65.80%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A94.2​94.267.6​67.60%10%20%30%40%50%60%70%80%90%100%

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

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A72.6​72.649.4​49.40%10%20%30%40%50%60%70%80%90%100%

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, 2014
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $955

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

BMO MSCI Europe High Quality Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the MSCI Europe Quality 100% Hedged to CAD Index, net of expenses.

Investment Strategy

ZEQ invests in European equity markets, while screening for high return on equity (ROE), stable year-over-year earnings growth and low financial leverage. The Manager may use a sampling methodology in selecting investments for the fund. The Fund may also invest in or hold securities intended to replicate the performance of the Index. The foreign currency exposure is hedged back to the Canadian dollar.

Portfolio Management

Portfolio Manager

BMO Asset Management Inc.
Sub-Advisor

-

Management and Organization

Fund Manager

BMO Asset Management Inc.
Custodian

State Street Trust Company Canada
Registrar

State Street Trust Company Canada
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 100
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 0.45%
Management Fee 0.40%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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