BMO Equal Weight Global Base Metals Hedged to CAD Index ETF
ZMT.TO
Toronto Stock Exchange- -
CAD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT.TO) is an exchange-traded fund that seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged (the Index), net of expenses. The ETF invests in and holds the constituent securities of the Index in the same proportion as reflected therein, including global equities in the base metals industry such as diversified metals and mining, copper, aluminum, steel, and industrial machinery components; it applies minimum market capitalization and liquidity screens to constituents, allocates equal weights rather than market capitalization weights, and uses derivative instruments to hedge U.S. dollar exposure back to the Canadian dollar. As of December 31, 2024, the ETF's portfolio featured 24 holdings with top investments including Solaris Resources Inc. (5.6%), Century Aluminum Company (5.5%), NGEx Minerals Ltd. (5.3%), and Compass Minerals International Inc. (4.9%), representing a total top-10 allocation of 48.8%; geographic exposure spanned Canada (41.2%), the United States (40.2%), Zambia (4.3%), Australia (3.9%), Chile (3.9%), Mexico (3.8%), and France (2.6%), with total net assets of $139.6 million. Launched on October 20, 2009, and listed on the Toronto Stock Exchange under ticker ZMT in Canadian dollars, the ETF is managed and administered by BMO Asset Management Inc., a subsidiary of Bank of Montreal, with headquarters at First Canadian Place, 100 King Street West, 43rd Floor, Toronto, Ontario, M5X 1A1. In September 2017, the ETF underwent a significant reorganization, changing its name from BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF and switching its underlying benchmark from the S&P/TSX Equal Weight Global Base Metals CAD Hedged Index to the Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged to better align with its investment objective; no major acquisitions, funding rounds, partnerships, new product launches, or strategic shifts specific to ZMT have been announced in the last 1-2 years. The ETF maintains an annual distribution policy in December comprising net income, return of capital, and realized capital gains, with a management expense ratio of 0.61% and trading expense ratio of 0.02% as of June 30, 2024. It targets investors seeking high-risk equity growth through diversified global base metals exposure while minimizing foreign currency fluctuations relative to the Canadian dollar.