Description

BMO International Dividend Hedged to CAD ETF has been designed to provide exposure to a yield weighted portfolio of dividend equities domiciled in international developed markets (outside North America). The ETF utilizes a rules based methodology that considers three-year dividend growth rate, yield, and payout ratio to invest in international equities. Securities will also be subject to a liquidity screen process. The foreign currency exposure is hedged back to the Canadian dollar. The underlying portfolio is rebalanced in May and reconstituted in November. In addition, as ZDH is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.