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About BMO SPDR MATERIALS SELECT SECTOR SERIES ETF UNITS
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Inception date
Feb 2, 2025
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Qualified dividends
Primary advisor
BMO Asset Management, Inc.
ZXLB invests in basic materials companies from the S&P 500, these would include companies in the chemicals, metals and mining, paper and forest products, containers and packaging, and construction materials industry. Its S&P 500-only portfolio means that it favors large-caps. To achieve its investment objective, the fund may invest directly in the index constituents securities or hold other securities with similar investment profiles through a sampling strategy. It may also use derivatives, enter securities lending and repurchase agreements, and engage in short selling to maximize its returns. The constituents are market cap-weighted with quarterly index rebalancing.
Classification
Displays a symbol's price movements over previous years to identify recurring trends.