Description

This BMO Balanced Exchange Traded Fund (ETF) aims to deliver a combination of moderate long-term capital growth and a steady income stream. It achieves this by allocating its investments across a diversified portfolio of global equity and fixed income ETFs. The fund's asset allocation is strategically rebalanced every quarter to align with predefined index weightings. Specifically, its holdings are comprised of various broad-market indexed equity and fixed income ETFs. Operating as a 'fund of funds,' ZBAL's management fees are structured to be net of the fees already incurred within the underlying ETFs it holds.