Key stats
About BMO SPDR FINANCIALS SELECT SECTOR SERIES ETFH UNITS
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Inception date
Feb 3, 2025
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Qualified dividends
Primary advisor
BMO Asset Management, Inc.
The fund offers efficient exposure to the heavyweights in the US financials sector. It tracks an index comprising of a broad range of diversified financial service firms, insurance, banks, capital markets, consumer finance and thrift companies. Its S&P 500-only portfolio means that it's concentrated in the largest firms and avoids small-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.