News Releases
TORONTO, Nov. 13, 2026 /CNW/ -- BMO Asset Management Inc. and BMO Investments Inc. today announced the estimated 2026 annual reinvested distributions for BMO Exchange Traded Funds (BMO ETFs) and ETF Series of BMO Mutual Funds (ETF Series)1. These annual reinvested distributions generally represent realized capital gains and special income within the BMO ETFs and ETF Series, and are paid to unitholders, as required, to ensure that the BMO ETFs and ETF Series are not liable for ordinary income tax.
Unitholders of record at close of business on December 30, 2026, will receive the 2026 annual reinvested distributions. The final year-end distribution amounts, as well as the ongoing cash distribution amounts, are expected to be announced on or about December 21, 2026. The actual taxable amounts, including the tax characteristics, will be reported in 2027.
Please note that these are estimated annual reinvested distributions only and have been calculated based upon forward-looking information as of September 30, 20262. If the forward-looking information changes, the estimated annual reinvested distributions may also change.
These estimates are for the annual reinvested distributions only and do not include estimates of ongoing cash distribution amounts.
Details of the per-unit estimated annual reinvested distribution amounts are as follows:
FUND NAME | TICKER | ESTIMATED |
BMO AAA CLO ETF | ZAAA | 0.000 |
BMO AAA CLO ETF (Hedged Units) | ZAAA.F | 0.000 |
BMO AAA CLO ETF (USD Units*) | ZAAA.U | 0.000 |
BMO Aggregate Bond Index ETF | ZAG | 0.000 |
BMO All-Equity ETF | ZEQT | 0.257 |
BMO All-Equity ETF (Target Cash Flow Units) | ZEQT.T | 0.289 |
BMO Asset-Backed Securities ETF | ZABS | 0.000 |
BMO Asset-Backed Securities ETF (Hedged Units) | ZABS.F | 0.000 |
BMO Asset-Backed Securities ETF (USD Units*) | ZABS.U | 0.000 |
BMO Balanced ESG ETF | ZESG | 0.370 |
BMO Balanced ETF (Target Cash Flow Units) | ZBAL.T | 0.165 |
BMO Balanced ETF | ZBAL | 0.225 |
BMO BBB CLO ETF | ZBBZ | 0.000 |
BMO BBB CLO ETF (Hedged Units) | ZBBZ.F | 0.065 |
BMO BBB CLO ETF (USD Units*) | ZBBZ.U | 0.000 |
BMO Broad Commodity ETF | ZCOM | 0.000 |
BMO Broad Commodity ETF (Hedged Units) | ZCOM.F | 0.000 |
BMO Brookfield Global Renewables Infrastructure Fund (ETF Series) | GRNI | 0.000 |
BMO Canadian Bank Income Index ETF | ZBI | 0.088 |
BMO Canadian Core Plus US Balanced ETF | ZBCB | 0.632 |
BMO Canadian Dividend ETF | ZDV | 1.131 |
BMO Canadian Equity Plus ETF | ZBEC | 0.579 |
BMO Canadian High Dividend Covered Call ETF | ZWC | 0.229 |
BMO Canadian High Dividend Covered Call ETF (Target Cash Flow Units) | ZWC.T | 0.000 |
BMO Canadian MBS Index ETF | ZMBS | 0.202 |
BMO Clean Energy Index ETF | ZCLN | 0.000 |
BMO Conservative ETF | ZCON | 0.072 |
BMO Core Plus Bond Fund (ETF Series) | ZCPB | 0.000 |
BMO Corporate Bond Index ETF | ZCB | 0.000 |
BMO Corporate Discount Bond ETF | ZCDB | 0.338 |
BMO Covered Call Canadian Banks ETF | ZWB | 0.000 |
BMO Covered Call Canadian Banks ETF (USD Units*) | ZWB.U | 0.000 |
BMO Covered Call Canadian Banks ETF (Target Cash Flow Units) | ZWB.T | 0.000 |
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF | ZWA | 0.379 |
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (Target Cash Flow Units) | ZWA.T | 0.000 |
BMO Covered Call Energy ETF | ZWEN | 0.000 |
BMO Covered Call Energy ETF (Target Cash Flow Units) | ZWEN.T | 0.000 |
BMO Covered Call Health Care ETF | ZWHC | 0.000 |
BMO Covered Call Health Care ETF (Target Cash Flow Units) | ZWHC.T | 0.000 |
BMO Covered Call Spread Gold Bullion ETF | ZWGD | 0.000 |
BMO Covered Call Spread Gold Bullion ETF (Target Cash Flow Units) | ZWGD.T | 0.000 |
BMO Covered Call Technology ETF | ZWT | 1.385 |
BMO Covered Call Technology ETF (Target Cash Flow Units) | ZWT.T | 0.000 |
BMO Covered Call US Banks ETF | ZWK | 0.000 |
BMO Covered Call US Banks ETF (Target Cash Flow Units) | ZWK.T | 0.000 |
BMO Covered Call Utilities ETF | ZWU | 0.008 |
BMO Covered Call Utilities ETF (Target Cash Flow Units) | ZWU.T | 0.000 |
BMO Credit Stress Opportunities ETF | ZCDX | 0.023 |
BMO Credit Stress Opportunities ETF (USD Units*) | ZCDX.U | 0.023 |
BMO Discount Bond Index ETF | ZDB | 0.000 |
BMO Dow Jones Industrial Average Hedged to CAD Index ETF | ZDJ | 2.861 |
BMO Emerging Markets Bond Hedged to CAD Index ETF | ZEF | 0.000 |
BMO Equal Weight Banks Index ETF | ZEB | 3.863 |
BMO Equal Weight Global Base Metals Hedged to CAD Index ETF | ZMT | 0.000 |
BMO Equal Weight Global Gold Index ETF | ZGD | 4.362 |
BMO Equal Weight Industrials Index ETF | ZIN | 4.496 |
BMO Equal Weight Oil & Gas Index ETF | ZEO | 8.487 |
BMO Equal Weight REITs Index ETF | ZRE | 0.084 |
BMO Equal Weight US Banks Hedged to CAD Index ETF | ZUB | 2.201 |
BMO Equal Weight US Banks Index ETF | ZBK | 0.000 |
BMO Equal Weight US Health Care Hedged to CAD Index ETF | ZUH | 0.000 |
BMO Equal Weight US Health Care Index ETF | ZHU | 0.000 |
BMO Equal Weight Utilities Index ETF | ZUT | 1.383 |
BMO ESG Corporate Bond Index ETF | ESGB | 0.000 |
BMO ESG US Corporate Bond Hedged to CAD Index ETF | ESGF | 0.000 |
BMO Europe High Dividend Covered Call ETF | ZWP | 0.000 |
BMO Europe High Dividend Covered Call ETF (Target Cash Flow Units) | ZWP.T | 0.000 |
BMO Europe High Dividend Covered Call Hedged to CAD ETF | ZWE | 0.000 |
BMO Europe High Dividend Covered Call Hedged to CAD ETF (Target Cash Flow Units) | ZWE.T | 0.000 |
BMO Floating Rate High Yield ETF | ZFH | 0.000 |
BMO Global Communications Index ETF | COMM | 0.000 |
BMO Global Consumer Discretionary Hedged to CAD Index ETF | DISC | 1.373 |
BMO Global Consumer Staples Hedged to CAD Index ETF | STPL | 0.707 |
BMO Global Dividend Opportunities Fund (Active ETF Series) | ZGDV | 1.853 |
BMO Global Enhanced Income Fund (ETF Series) | ZWQT | 1.494 |
BMO Global Equity Fund (Active ETF Series) | ZGEQ | 0.882 |
BMO Global Health Care Fund (Active ETF Series) | ZGHC | 0.000 |
BMO Global High Dividend Covered Call ETF | ZWG | 0.000 |
BMO Global High Dividend Covered Call ETF (Target Cash Flow Units) | ZWG.T | 0.000 |
BMO Global Infrastructure Fund (Active ETF Series) | ZGIF | 1.393 |
BMO Global Infrastructure Index ETF | ZGI | 0.444 |
BMO Global Innovators Fund (Active ETF Series) | ZGIN | 0.771 |
BMO Global REIT Fund (Active ETF Series) | ZGRT | 0.146 |
BMO Global Strategic Bond Fund (ETF Series) | ZGSB | 0.000 |
BMO Gold Bullion ETF | ZGLD | 0.780 |
BMO Gold Bullion ETF (USD Units*) | ZGLD.U | 0.000 |
BMO Gold Bullion Hedged to CAD ETF | ZGLH | 2.430 |
BMO Government Bond Index ETF | ZGB | 0.000 |
BMO Growth ETF (Target Cash Flow Units) | ZGRO.T | 0.308 |
BMO Growth ETF | ZGRO | 0.300 |
BMO High Quality Corporate Bond Index ETF | ZQB | 0.000 |
BMO High Yield US Corporate Bond Hedged to CAD Index ETF | ZHY | 0.000 |
BMO High Yield US Corporate Bond Index ETF | ZJK | 0.000 |
BMO High Yield US Corporate Bond Index ETF (USD Units*) | ZJK.U | 0.000 |
BMO Human Capital Factor US Equity ETF | ZHC | 1.735 |
BMO International Dividend ETF | ZDI | 0.622 |
BMO International Dividend Hedged to CAD ETF | ZDH | 0.826 |
BMO Japan Index ETF | ZJPN | 0.580 |
BMO Japan Index ETF (Hedged Units) | ZJPN.F | 0.000 |
BMO Junior Gold Index ETF | ZJG | 0.000 |
BMO Laddered Preferred Share Index ETF | ZPR | 0.000 |
BMO Laddered Preferred Share Index ETF (USD Units*) | ZPR.U | 0.000 |
BMO Long Corporate Bond Index ETF | ZLC | 0.000 |
BMO Long Federal Bond Index ETF | ZFL | 0.000 |
BMO Long Provincial Bond Index ETF | ZPL | 0.000 |
BMO Long Short Canadian Equity ETF | ZLSC | 0.000 |
BMO Long Short US Equity ETF | ZLSU | 0.000 |
BMO Long-Term US Treasury Bond Index ETF | ZTL | 0.000 |
BMO Long-Term US Treasury Bond Index ETF (Hedged Units) | ZTL.F | 0.000 |
BMO Long-Term US Treasury Bond Index ETF (USD Units*) | ZTL.U | 0.000 |
BMO Low Volatility Canadian Equity ETF | ZLB | 0.975 |
BMO Low Volatility Emerging Markets Equity ETF | ZLE | 0.000 |
BMO Low Volatility International Equity ETF | ZLI | 0.000 |
BMO Low Volatility International Equity Hedged to CAD ETF | ZLD | 0.000 |
BMO Low Volatility US Equity ETF | ZLU | 2.467 |
BMO Low Volatility US Equity ETF (USD Units*) | ZLU.U | 3.272 |
BMO Low Volatility US Equity Hedged to CAD ETF | ZLH | 1.058 |
BMO Market+ All Country World Equity ETF | ZMPW | 0.280 |
BMO Market+ Canadian Equity ETF | ZMPC | 0.000 |
BMO Market+ Global Equity ETF | ZMPG | 0.289 |
BMO Market+ International Equity Fund (ETF Series) | ZMPI | 0.000 |
BMO Market+ Low Volatility Global Equity ETF | ZMLG | 0.148 |
BMO Market+ US Equity ETF | ZMPU | 0.117 |
BMO Market+ US Equity ETF (Hedged Units) | ZMPU.F | 0.000 |
BMO Market+ US Equity ETF (USD Units*) | ZMPU.U | 0.112 |
BMO Mid Corporate Bond Index ETF | ZCM | 0.000 |
BMO Mid Federal Bond Index ETF | ZFM | 0.000 |
BMO Mid Provincial Bond Index ETF | ZMP | 0.000 |
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | ZMU | 0.000 |
BMO Mid-Term US IG Corporate Bond Index ETF | ZIC | 0.000 |
BMO Mid-Term US IG Corporate Bond Index ETF (USD Units*) | ZIC.U | 0.000 |
BMO Mid-Term US Treasury Bond Index ETF | ZTM | 0.000 |
BMO Mid-Term US Treasury Bond Index ETF (USD Units*) | ZTM.U | 0.000 |
BMO Money Market Fund (ETF Series) | ZMMK | 0.000 |
BMO Monthly Income ETF | ZMI | 0.598 |
BMO Monthly Income ETF (USD Units*) | ZMI.U | 0.328 |
BMO MSCI All Country World High Quality Index ETF | ZGQ | 2.038 |
BMO MSCI Canada IMI High Dividend Yield Index ETF | ZDIV | 0.935 |
BMO MSCI Canada Selection Equity Index ETF | ESGA | 1.770 |
BMO MSCI Canada Value Index ETF | ZVC | 0.585 |
BMO MSCI China Selection Equity Index ETF | ZCH | 0.000 |
BMO MSCI EAFE Hedged to CAD Index ETF | ZDM | 0.326 |
BMO MSCI EAFE High Quality Index ETF | ZIQ | 1.662 |
BMO MSCI EAFE Index ETF | ZEA | 0.000 |
BMO MSCI EAFE Selection Equity Index ETF | ESGE | 1.238 |
BMO MSCI EAFE Small-Mid Cap Index ETF | ZESM | 0.042 |
BMO MSCI Emerging Markets Index ETF | ZEM | 0.000 |
BMO MSCI Europe High Quality Hedged to CAD Index ETF | ZEQ | 0.898 |
BMO MSCI Global Selection Equity Index ETF | ESGG | 0.889 |
BMO MSCI India Selection Equity Index ETF | ZID | 0.000 |
BMO MSCI USA Equal Weight Index ETF | ZEQL | 0.649 |
BMO MSCI USA Equal Weight Index ETF (Hedged Units) | ZEQL.F | 0.589 |
BMO MSCI USA Equal Weight Index ETF (USD Units*) | ZEQL.U | 0.576 |
BMO MSCI USA High Quality Index ETF | ZUQ | 0.898 |
BMO MSCI USA High Quality Index ETF (Hedged Units) | ZUQ.F | 0.000 |
BMO MSCI USA High Quality Index ETF (USD Units*) | ZUQ.U | 0.000 |
BMO MSCI USA Selection Equity Index ETF | ESGY | 0.378 |
BMO MSCI USA Selection Equity Index ETF (Hedged Units) | ESGY.F | 0.000 |
BMO MSCI USA Value Index ETF | ZVU | 7.817 |
BMO Nasdaq 100 Equity Hedged to CAD Index ETF | ZQQ | 15.765 |
BMO NASDAQ 100 Equity Index ETF | ZNQ | 1.758 |
BMO NASDAQ 100 Equity Index ETF (USD Units*) | ZNQ.U | 1.106 |
BMO Premium Yield ETF | ZPAY | 0.617 |
BMO Premium Yield ETF (Hedged Units) | ZPAY.F | 0.196 |
BMO Premium Yield ETF (USD Units*) | ZPAY.U | 0.073 |
BMO Real Return Bond Index ETF | ZRR | 0.000 |
BMO S&P 500 Hedged to CAD Index ETF | ZUE | 1.972 |
BMO S&P 500 Index ETF | ZSP | 0.000 |
BMO S&P 500 Index ETF (USD Units*) | ZSP.U | 0.000 |
BMO S&P US Mid Cap Index ETF | ZMID | 6.294 |
BMO S&P US Mid Cap Index ETF (Hedged Units) | ZMID.F | 2.474 |
BMO S&P US Mid Cap Index ETF (USD Units*) | ZMID.U | 3.210 |
BMO S&P US Small Cap Index ETF | ZSML | 1.868 |
BMO S&P US Small Cap Index ETF (Hedged Units) | ZSML.F | 1.889 |
BMO S&P US Small Cap Index ETF (USD Units*) | ZSML.U | 1.232 |
BMO S&P/TSX 60 Index ETF | ZIU | 0.399 |
BMO S&P/TSX Capped Composite Index ETF | ZCN | 0.646 |
BMO Short Corporate Bond Index ETF | ZCS | 0.000 |
BMO Short Corporate Bond Index ETF (Accumulating Units) | ZCS.L | 0.000 |
BMO Short Federal Bond Index ETF | ZFS | 0.000 |
BMO Short Federal Bond Index ETF (Accumulating Units) | ZFS.L | 0.000 |
BMO Short Provincial Bond Index ETF | ZPS | 0.000 |
BMO Short Provincial Bond Index ETF (Accumulating Units) | ZPS.L | 0.000 |
BMO Short-Term Bond Index ETF | ZSB | 0.000 |
BMO Short-Term Discount Bond ETF | ZSDB | 0.362 |
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | ZSU | 0.000 |
BMO Short-Term US TIPS Index ETF | ZTIP | 0.000 |
BMO Short-Term US TIPS Index ETF (Hedged Units) | ZTIP.F | 0.000 |
BMO Short-Term US TIPS Index ETF (USD Units*) | ZTIP.U | 0.000 |
BMO Short-Term US Treasury Bond Index ETF | ZTS | 0.000 |
BMO Short-Term US Treasury Bond Index ETF (USD Units*) | ZTS.U | 0.000 |
BMO SIA Focused Canadian Equity Fund (ETF Series) | ZFC | 8.848 |
BMO SIA Focused North American Equity Fund (ETF Series) | ZFN | 0.361 |
BMO SPDR Communication Services Select Sector Index ETF | ZXLC | 2.895 |
BMO SPDR Communication Services Select Sector Index ETF (Hedged Units) | ZXLC.F | 0.000 |
BMO SPDR Consumer Discretionary Select Sector Index ETF | ZXLY | 0.000 |
BMO SPDR Consumer Discretionary Select Sector Index ETF (Hedged Units) | ZXLY.F | 0.000 |
BMO SPDR Consumer Staples Select Sector Index ETF | ZXLP | 0.000 |
BMO SPDR Consumer Staples Select Sector Index ETF (Hedged Units) | ZXLP.F | 0.000 |
BMO SPDR Energy Select Sector Index ETF | ZXLE | 0.000 |
BMO SPDR Energy Select Sector Index ETF (Hedged Units) | ZXLE.F | 0.000 |
BMO SPDR Financials Select Sector Index ETF | ZXLF | 0.000 |
BMO SPDR Financials Select Sector Index ETF (Hedged Units) | ZXLF.F | 0.000 |
BMO SPDR Health Care Select Sector Index ETF | ZXLV | 0.000 |
BMO SPDR Health Care Select Sector Index ETF (Hedged Units) | ZXLV.F | 0.000 |
BMO SPDR Industrials Select Sector Index ETF | ZXLI | 0.000 |
BMO SPDR Industrials Select Sector Index ETF (Hedged Units) | ZXLI.F | 0.000 |
BMO SPDR Materials Select Sector Index ETF | ZXLB | 2.302 |
BMO SPDR Materials Select Sector Index ETF (Hedged Units) | ZXLB.F | 0.000 |
BMO SPDR Real Estate Select Sector Index ETF | ZXLR | 0.000 |
BMO SPDR Real Estate Select Sector Index ETF (Hedged Units) | ZXLR.F | 0.000 |
BMO SPDR Technology Select Sector Index ETF | ZXLK | 0.698 |
BMO SPDR Technology Select Sector Index ETF (Hedged Units) | ZXLK.F | 0.491 |
BMO SPDR Utilities Select Sector Index ETF | ZXLU | 0.236 |
BMO SPDR Utilities Select Sector Index ETF (Hedged Units) | ZXLU.F | 0.005 |
BMO Strategic Autocallable Income US Large Cap ETF | ZACU | 0.000 |
BMO Strategic Autocallable Income US Large Cap ETF (Hedged Units) | ZACU.F | 0.000 |
BMO Strategic Autocallable Income US Large Cap ETF (USD Units*) | ZACU.U | 0.000 |
BMO Sustainable Global Multi-Sector Bond Fund (ETF Series) | ZMSB | 0.000 |
BMO Tactical Dividend ETF Fund (ETF Series) | ZZZD | 0.000 |
BMO Target 2027 Canadian Corporate Bond ETF | ZXCO | 0.000 |
BMO Target 2028 Canadian Corporate Bond ETF | ZXCP | 0.000 |
BMO Target 2029 Canadian Corporate Bond ETF | ZXCQ | 0.002 |
BMO U.S. All Cap Equity Fund (ETF Series) | ZACE | 3.270 |
BMO Ultra Short-Term Bond ETF | ZST | 0.440 |
BMO Ultra Short-Term Bond ETF (Accumulating Units) | ZST.L | 0.427 |
BMO Ultra Short-Term US Bond ETF (USD Units*) | ZUS.U | 0.000 |
BMO Ultra Short-Term US Bond ETF (USD Accumulating Units) | ZUS.V | 0.000 |
BMO US Aggregate Bond Index ETF | ZUAG | 0.000 |
BMO US Aggregate Bond Index ETF (Hedged Units) | ZUAG.F | 0.000 |
BMO US Aggregate Bond Index ETF (USD Units*) | ZUAG.U | 0.000 |
BMO US Dividend ETF | ZDY | 1.819 |
BMO US Dividend ETF (USD Units*) | ZDY.U | 1.033 |
BMO US Dividend Growth ETF | ZBDU | 0.454 |
BMO US Dividend Growth ETF (Hedged Units) | ZBDU.F | 0.000 |
BMO US Dividend Hedged to CAD ETF | ZUD | 0.542 |
BMO US Equity Buffer Hedged to CAD ETF – April | ZAPR | 0.000 |
BMO US Equity Buffer Hedged to CAD ETF – January | ZJAN | 0.000 |
BMO US Equity Buffer Hedged to CAD ETF – July | ZJUL | 0.000 |
BMO US Equity Buffer Hedged to CAD ETF – October | ZOCT | 0.000 |
BMO US Equity Focused ETF | ZBEU | 0.000 |
BMO US Equity Focused ETF (Hedged Units) | ZBEU.F | 0.000 |
BMO US High Dividend Covered Call ETF | ZWH | 0.127 |
BMO US High Dividend Covered Call ETF (USD Units*) | ZWH.U | 0.165 |
BMO US High Dividend Covered Call ETF (Target Cash Flow Units) | ZWH.T | 0.000 |
BMO US High Dividend Covered Call Hedged to CAD ETF | ZWS | 0.316 |
BMO US High Dividend Covered Call Hedged to CAD ETF (Target Cash Flow Units) | ZWS.T | 0.000 |
BMO US Large Cap Disciplined Value ETF | ZBVU | 0.726 |
BMO US Preferred Share Hedged to CAD Index ETF | ZHP | 0.000 |
BMO US Preferred Share Index ETF | ZUP | 0.000 |
BMO US Preferred Share Index ETF (USD Units*) | ZUP.U | 0.000 |
BMO US Put Write ETF | ZPW | 0.000 |
BMO US Put Write ETF (USD Units*) | ZPW.U | 0.000 |
BMO US Put Write Hedged to CAD ETF | ZPH | 0.000 |
BMO USD Cash Management ETF | ZUCM | 0.000 |
BMO USD Cash Management ETF (USD Units*) | ZUCM.U | 0.000 |
BMO Women in Leadership Fund (ETF Series) | WOMN | 1.419 |
*Estimated reinvested distribution per unit ($) amounts are USD for ZAAA.U, ZABS.U, ZBBZ.U, ZWB.U, ZCDX.U, ZGLD.U, ZJK.U, ZPR.U, ZTL.U, ZLU.U, ZMPU.U, ZIC.U, ZTM.U, ZMI.U, ZEQL.U, ZUQ.U, ZNQ.U, ZPAY.U, ZSP.U, ZMID.U, ZSML.U, ZTIP.U, ZTS.U, ZACU.U, ZUS.U, ZUS.V, ZUAG.U, ZDY.U, ZWH.U, ZUP.U, ZPW.U, ZUCM.U.
1 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.
2 Forward-looking information: This notice contains forward-looking statements with respect to the estimated annual distributions for the BMO ETFs and ETF Series of BMO Funds. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions include, but are not limited to: the actual amounts of distributions received by the ETFs; portfolio transactions; and subscription and redemption activity.
Distribution estimates do not denote the yield a client may receive. All values are expressed in Canadian dollars, unless otherwise indicated. Totals may not sum due to rounding. The year-end distribution estimates are provided by BMO Global Asset Management (GAM) and are for information purposes only. They do not reflect final attributions for tax purposes. For more information, please obtain professional advice.
The BMO ETFs or securities referred to herein (ZGQ, ESGA, ZVC, ZDM, ZIQ, ZEA, ESGE, ZEQ, ESGG, ZUQ, ZUQ.F, ZUQ.U, ESGY, ESGY.F, ZVU, ZCH, ZEM, ZID, ZDIV, ZESM, ZEQL, ZEQL.F and ZEQL.U) 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.
The S&P 500, S&P/TSX 60 Index, S&P/TSX Capped Composite Index and Dow Jones Industrial Average are products 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 BMO Asset Management Inc. The relevant BMO ETF (ZWA, ZWA.T, ZDJ, ZUE, ZSP, ZSP.U, ZMID, ZMID.F, ZMID.U, ZSML, ZSML.F, ZSML.U, ZIU, or ZCN) is 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 Index.
BLOOMBERG® and the Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (BISL), the administrator of the index (collectively, Bloomberg) and have been licensed for use for certain purposes by BMO Asset Management Inc. Bloomberg is not affiliated with BMO Asset Management Inc., and Bloomberg does not approve, endorse, review, or recommend any BMO ETFs. Bloomberg does not guarantee the timeliness, accuracy or completeness of any data or information relating to the BMO ETFs.
BMO ETFs are not in any way sponsored, endorsed, sold or promoted by FTSE Global Debt Capital Markets Inc. (FGDCM), FTSE International Limited (FTSE), Frank Russell Company (Frank Russell), FTSE Fixed Income LLC (FTSE FI) or the London Stock Exchange Group companies (together with FGDCM, FTSE, Frank Russell and FTSE FI, the Licensor Parties). The Licensor Parties make no claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE BMO ETF Indices, (ii) the figure at which any of the FTSE BMO ETF Indices stands at any particular time on any particular day or otherwise, or (iii) the suitability of an Underlying Index for the particular purpose to which it is being put in connection with the FTSE BMO ETFs. Each of the FTSE BMO ETF Indices is compiled and calculated by FGDCM of FTSE and all copyright in any of the FTSE BMO ETF Indices values and constituent lists vests in FGDCM or FTSE, respectively. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in any of the FTSE BMO ETF Indices and the Licensor Parties shall not be under any obligation to advise any person of any error therein. FTSE® is a trade mark of the London Stock Exchange Group companies and is used under licence.
Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmoetfs.com.
This communication is for information purposes. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual's investment objectives and professional advice should be obtained with respect to any circumstance.
Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series. Please read the applicable 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. BMO ETFs and ETF Series units may be bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.
Distributions are not guaranteed and are subject to change and/or elimination 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, investors' original investment will shrink. Distributions of net income and net taxable gains of a BMO ETF or an ETF Series will be included in the unitholder's income for tax purposes in the year they are paid, whether or not such amounts are reinvested in additional units. A unitholder's adjusted cost base ("ACB") will be reduced by the amount of any return of capital ("ROC"). If a unitholder's ACB goes below zero, such unitholder will have to pay capital gains tax on the amount below zero. Please refer to the summary of the principal income tax considerations set out in the prospectus for the relevant BMO ETF or ETF Series. Investors should also consult their own tax advisors about their individual circumstances.
The Target Cash Flow Units are subject to capital depletion risk. Target Cash Flow Units make monthly distributions of a fixed amount which may be comprised of, in whole or in part, a ROC. A ROC reduces the amount of an original investment and may result in the return to investors of the entire amount of an original investment.
The Target Cash Flow Units' monthly distribution dollar amount is reset at the beginning of each calendar year. The dollar amount is a factor of the annualized distribution rate for the Target Cash Flow Units (which is the rate set out in the individual BMO ETF profiles in the applicable BMO ETF's prospectus), the net asset value per unit of a series of a BMO ETF (NAVPS) as of the end of the previous calendar year, and the number of Target Cash Flow Units of the BMO ETF held at the time of the distribution. Although not expected, we may also adjust the monthly distribution during the year, if capital market conditions have significantly affected the ability of the BMO ETF to maintain the applicable distribution. If we make any such adjustment to the monthly distribution, we will issue a press release to communicate the change. The distribution rate applicable to the Target Cash Flow Units may be higher than the rate of return or the portfolio yield of the BMO ETF that offers such Units. As a result, if you elect to receive some or all of the regular monthly distributions in cash, the value of your investment in the BMO ETF may decline over time.
For a summary of the risks of an investment in the BMO ETFs or ETF Series, please see the specific risks set out in the relevant ETF facts, fund facts or prospectus. BMO ETFs and ETF Series units of the BMO Mutual Funds 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 Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.
"BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its 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 stronger communities.
SOURCE BMO Financial Group
