BMO CANADIAN DIVIDEND CANADIAN DIVIDEND ETF CADBMO CANADIAN DIVIDEND CANADIAN DIVIDEND ETF CADBMO CANADIAN DIVIDEND CANADIAN DIVIDEND ETF CAD

BMO CANADIAN DIVIDEND CANADIAN DIVIDEND ETF CAD

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Key stats


Assets under management (AUM)
‪1.12 B‬CAD
Fund flows (1Y)
‪−46.97 M‬CAD
Dividend yield (indicated)
3.82%
Discount/Premium to NAV
−0.3%

About BMO CANADIAN DIVIDEND CANADIAN DIVIDEND ETF CAD


Issuer
Bank of Montreal
Brand
BMO
Expense ratio
0.39%
Home page
Inception date
Oct 21, 2011
Index tracked
No Underlying Index
Management style
Active
The fund seeks income generation and long-term capital growth by using a dividend strategy on the Canadian equity market. It seeks to identify high yielding dividend equities, while screening for dividend sustainability and historical growth. A proprietary, rules-based methodology is applied on large-, mid-, and small-cap Canadian dividend payers. Eligible securities are screened for positive 3-year dividend growth rate and dividend payout sustainability, and then ranked by dividend yield. The top 50 yielding companies that pass both screens make up the portfolio. The resulting portfolio is weighted by yield, subject to a 35% sector cap and a 10% single security cap. The portfolio is rebalanced and reconstituted annually in June and December, respectively.

Classification


Asset Class
Equity
Category
High dividend yield
Focus
High dividend yield
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 30, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Stocks99.74%
Finance47.00%
Utilities9.69%
Communications8.79%
Energy Minerals7.76%
Industrial Services5.65%
Non-Energy Minerals5.51%
Transportation5.00%
Retail Trade4.30%
Technology Services2.11%
Process Industries1.94%
Producer Manufacturing1.12%
Consumer Non-Durables0.49%
Distribution Services0.24%
Bonds, Cash & Other0.26%
Government0.40%
Cash−0.14%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows