Description

The BMO Balanced ESG ETF seeks to achieve modest long-term capital growth and consistent income. It accomplishes this by investing in a diversified portfolio of global equity and fixed income exchange-traded funds. The fund adheres to a strategic asset allocation of 60% equities and 40% fixed income, rebalancing quarterly to match these index weights. Its underlying holdings are broad-market indexed ETFs, with security selection driven by Environmental, Social, and Governance (ESG) ratings provided by the index providers of those component ETFs. As a fund of funds, ZESG's management fees are reduced to offset those already borne by its underlying investments.