This Week in ETFs: From October 27-31

THE COMMODITY PLAY: 3 REASONS TO GO BEYOND GOLD

As price forecasts climb to US$4,500 by mid-2026, clients may be asking: why not just buy gold? Here are three key reasons to get the precious metal — and then some — with the new BMO Broad Commodity ETF (Ticker: ZCOM), which can help investors tap into new opportunities while strengthening diversification.

Read the Article | NEW! ZCOM sales aid

KNOW YOUR PRODUCT

Effective at the close of business on October 28, 2025, BMO Capital Markets Corp. and Brian Belski will no longer act as sub-advisor for the BMO ETFs and the BMO Mutual Funds set out in the press release linked here. BMO Asset Management Inc. will continue as portfolio adviser to these BMO ETFs and as portfolio manager to these BMO Mutual Funds.

BMO GAM Portfolio Manager Update Webinar - For Advisor Use Only
Thursday, October 30, 2025
4:00 p.m. - 4:30 p.m. (ET)

Register Now | Read Product Update

PODCAST: A CHAT WITH STEPHEN POLOZ

Former Bank of Canada Governor Stephen Poloz joins Bipan to discuss the implications of the fourth industrial revolution now underway, and how Canadian policymakers can respond to seismic shifts to the economy.

Play on Apple Podcasts | Play on Spotify

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Disclaimers

FOR FINANCIAL ADVISOR USE ONLY.

No portion of this communication may be reproduced or distributed to clients.

This communication is for information purposes. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

The viewpoints expressed by the authors represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice. This communication is intended for informational purposes only.

Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent prospectus.

Dividends are not guaranteed and may fluctuate. Past Performance is not indicative of future results.

Distributions are not guaranteed, may fluctuate and are subject to change and/or elimination.

The BMO Broad Commodity ETF is an exchange traded alternative mutual fund within the meaning of NI 81-102. As an alternative mutual fund, the BMO ETF has the ability to invest in asset classes and use investment strategies that are not permitted for conventional mutual funds, including the ability to invest in other alternative mutual funds, employ leverage and borrow cash to use for investment purposes and increased ability to invest in commodities. While these strategies will be used in accordance with the BMO ETF’s investment objective and strategies, during certain market conditions, they may accelerate the pace at which an investor’s investment decreases in value.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. Certain of the products and services offered under the brand name, BMO Global Asset Management, are designed specifically for various categories of investors in Canada and may not be available to all investors. Products and services are only offered to investors in Canada in accordance with applicable laws and regulatory requirements.

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