ZBK Stock: Fund’s Objective
BMO Equal Weight US Banks Index ETF has been designed to replicate, to the extent possible, the performance of the Solactive Equal Weight US Bank Index, net of expenses. The Fund invests in and holds the Constituent Securities of the Index in the same proportion as they are reflected in the Index.
This ETF is not hedged.
Financial data – ZBK Stock
ZBK ETF – Stock review updated daily
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Portfolio
| Weight (%) | Name |
| 5.47% | WELLS FARGO & CO |
| 5.44% | AMERIPRISE FINANCIAL INC |
| 5.29% | BANK OF AMERICA CORP |
| 5.19% | US BANCORP |
| 5.18% | FIRST REPUBLIC BANK/CA |
| 5.13% | GOLDMAN SACHS GROUP INC/THE |
| 5.13% | CITIZENS FINANCIAL GROUP INC |
| 5.04% | FIFTH THIRD BANCORP |
| 5.04% | KEYCORP |
| 5.03% | PNC FINANCIAL SERVICES GROUP INC/THE |
Please consult issuers’ website for up-to-date data
What should I know before buying an ETF?
Investors should pay close attention to the following:
- The fund’s objective;
- Risk level
- Management Expense Ratio (Total fees charged by an ETF)
- Liquidity
Are ETFs good for beginners?
ETFs are great for both beginners and Experts.
- They are ideal if you want to bet on a particular sector or commodity;
- ETFs are used by large number of investors as a mean of generating passive income (for instance with Dividend ETFs);
- Actively managed ETFs allow investors access to sophisticated investment styles: Value investing, Covered call,…etc).
What are the Fees associated with ETFs
Management Expense Ratio (MER):
The percentage of a fund’s average net assets paid out of the fund each year to cover the day-to-day and fixed costs of managing the fund. The figure is reported in the Fund’s annual management report of fund performance. MER includes all management fees and GST/HST paid by the fund for the period, including fees paid indirectly as a result of holding other ETFs.
Management Fee:
The annual fee payable by the fund to the manager of the fund for acting as trustee and manager of the fund. This fee forms the largest portion of the MER. Typically, included in the management fee are the costs associated with paying the custodian and valuation agents, registrar and transfer agents, and any other service providers retained by the manager.
Operating Expenses:
Other operating costs such as fees and expenses relating to the independent review committee, brokerage expenses and commissions, and taxes.