Description

The BMO Low Volatility US Equity Hedged to CAD ETF is designed to offer investment in a portfolio predominantly composed of U.S. equities, specifically chosen for their reduced sensitivity to market fluctuations, a characteristic quantified as 'beta'. Beta measures how a security's price tends to react to broader market shifts. This exchange-traded fund utilizes a systematic, rule-based methodology to pinpoint these inherently less volatile U.S. stocks from an extensive universe of international large-capitalization companies. To mitigate currency risk for Canadian investors, all foreign currency exposure is actively managed and hedged back to the Canadian dollar. The underlying holdings within the portfolio undergo rebalancing in May and a complete reconstitution in November. Additionally, as this particular ETF (referred to as ZLH) operates as a 'fund of funds,' the management fees charged are offset by any fees already incurred at the level of its underlying investments.