Key stats
About BMO LONG SHORT US EQUITY ETF CAD UNITS
Expense ratio
0.75%
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Inception date
Sep 27, 2023
The fund offers an alternative approach to the US equity market by taking long and short positions in US equities across various sectors. The long portfolio is determined using a model that screens for attractive fundamental characteristics such as value, quality, growth, and technical and market sentiment. Meanwhile, the short portfolio comprises stocks in the same industry that are rated lower within the funds fundamental screening model. Portfolio risk will be managed both quantitatively and qualitatively. The fund may use leverage to enhance returns, whereby the net equity exposure will generally exceed 100%. The fund may invest in derivatives, including forwards, futures, swaps, and options. The fund will also invest excess cash in Treasurys, short-term debt, and provincial or corporate bonds.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
ETF
Stocks96.90%
Technology Services11.35%
Electronic Technology11.24%
Finance10.86%
Retail Trade9.17%
Health Technology5.76%
Producer Manufacturing3.84%
Consumer Services2.93%
Consumer Non-Durables2.68%
Utilities2.19%
Commercial Services2.06%
Energy Minerals2.05%
Transportation1.94%
Process Industries1.50%
Industrial Services1.18%
Distribution Services0.46%
Health Services0.11%
Consumer Durables0.08%
Bonds, Cash & Other3.10%
ETF42.73%
Cash−0.06%
Miscellaneous−39.57%
Displays a symbol's price movements over previous years to identify recurring trends.