BMO U.S. Dividend ETF USD
BZDYF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Canada
- IPO Date
- Dec 21, 2022
- Similar Companies
- Business
- BMO U.S. Dividend ETF USD (BZDYF) is an exchange-traded fund managed by BMO Asset Management Inc. that seeks to provide unitholders with exposure to a yield-weighted portfolio of U.S. dividend-paying stocks selected for their potential long-term capital appreciation; the ETF primarily invests in and holds dividend-paying equity securities of U.S. companies across diversified sectors including information technology, health care, financials, consumer staples, industrials, utilities, energy, consumer discretionary, communication services, and materials; eligible securities are chosen using a rules-based methodology that considers three-year dividend growth rate, yield, payout ratio, and liquidity screening, with the underlying portfolio rebalanced in June and reconstituted in December each year. Top holdings as of December 31, 2024 include Broadcom Inc., Apple Inc., Cisco Systems Inc., Microsoft Corporation, and AbbVie Inc., representing approximately 26.4% of the portfolio, which comprises around 100 investments; the ETF offers monthly distributions of any net income and/or return of capital, plus December distributions of net realized capital gains, targeting investors seeking equity growth with income from a diversified basket of high-dividend-yield U.S. equities. BZDYF trades over-the-counter in U.S. dollars as the USD-denominated series of the ETF, which also lists CAD units (ZDY) and USD units (ZDY.U) on the Toronto Stock Exchange. Launched on March 19, 2013 and domiciled in Canada, the ETF is managed and administered by BMO Asset Management Inc., an indirect wholly-owned subsidiary of Bank of Montreal (BMO) with headquarters at First Canadian Place, 100 King Street West, 43rd Floor, Toronto, Ontario, M5X 1A1. The fund operates with a management expense ratio (MER) of 0.33% and a trading expense ratio (TER) of approximately 0.00%-0.01%, focusing on public equity markets of the United States across growth and value stocks of diversified market capitalizations. In October 2025, BMO Asset Management Inc. announced portfolio manager and sub-advisor changes for several BMO ETFs, including related U.S. equity funds, with certain sub-advisors ceasing roles effective late 2025 while BMO Asset Management maintains its position as portfolio manager; the firm also declared ongoing monthly dividends for BZDYF, such as $0.05 per unit in recent quarters, and estimated annual reinvested distributions of approximately $2.509 for USD units in November 2025. As of December 31, 2024, total net assets stood at $661.0 million CAD for CAD units, reflecting steady growth and liquidity with an average daily volume of 28,590 units over 252 trading days. The ETF maintains a medium risk rating based on historical volatility, with no material changes to overall risk levels in recent periods.