The Largest and Most Liquid ETFs

Name Ticker AUM AVERAGE DAILY TRADED VOLUME (3 MO) MER (%)1
MILLIONS MILLIONS
EQUITIES
CANADIAN EQUITY
BMO CA High Dividend Covered Call ETF ZWC 1,514.36 6.69 0.72
BMO Canadian Dividend ETF ZDV 965.32 4.23 0.39
BMO Low Volatility Canadian Equity ETF ZLB 2,781.57 12.7 0.39
BMO S&P/TSX Capped Composite ETF ZCN 6,665.06 18.42 0.06
Mackenzie Canadian Equity ETF QCN 1,061.53 2.47 0.04
CI Mstar Canada Mom ETF Comm WXM 643.05 2.46 0.66
CI WisdomTree Canada Quality Div Gr ETF DGRC 452.43 1.76 0.23
Horizons S&P/TSX 60 ETF HXT 3,831.40 44.78 0.04
Horizons S&P/TSX Capped Composite ETF HXCN 1,190.44 7.94 0.05
Invesco Canadian Dividend ETF PDC 835.31 2.93 0.54
Invesco FTSE RAFI Canadian ETF PXC 213.18 1.39 0.51
iShares Canadian Select Dividend ETF XDV 1,567.34 4.13 0.55
iShares Core MSCI Canadian Qual Div ETF XDIV 708.96 3.13 0.11
iShares Core S&P/TSX Capped Compost ETF XIC 8,855.96 45.97 0.06
iShares ESG Aware MSCI Canada ETF XESG 254.05 1.63 0.17
iShares MSCI Min Vol Canada ETF XMV 168.77 1.01 0.33
iShares S&P/TSX 60 ETF XIU 10,601.11 224.47 0.18
iShares S&P/TSX Cdn Div Aristcr ETF Comm CDZ 945.34 2.48 0.66
iShares S&P/TSX Composite High Div ETF XEI 1,340.94 5.88 0.22
iShares S&P/TSX Small Cap ETF XCS 141.81 3.63 0.59
Manulife Smart Dividend ETF CDIV 260.96 1.55 0.28
NBI Sustainable Canadian Equity ETF NSCE 1,358.92 3.52 0.69
TD Canadian Equity Index ETF TTP 969.19 3.76 0.05
Vanguard FTSE Canada All Cap ETF VCN 4,936.09 12.56 0.05
Vanguard FTSE Canada ETF VCE 1,251.16 3.99 0.06
Vanguard FTSE Canadian High Div Yld ETF VDY 1,850.02 29.49 0.22
US EQUITY
BMO Dow Jones Ind Avg Hdgd to CAD ETF ZDJ 318.24 1.64 0.26
BMO Low Volatility US Equity ETF (CAD) ZLU 1,553.68 6.21 0.33
BMO MSCI USA ESG Leaders ETF ESGY 1,627.38 1.18 0.22
BMO NASDAQ 100 Equity ETF ZNQ 388.49 3.3 0.39
BMO NASDAQ 100 Equity Hedged to CAD ETF ZQQ 1,167.50 14.45 0.39
BMO Premium Yield ETF ZPAY 255.97 1.19 0.73
BMO S&P 500 ETF (CAD) ZSP 9,442.20 87.44 0.09
BMO S&P 500 ETF (USD) ZSP.U 2,609.20 7.16 0.09
BMO S&P 500 Hedged to CAD ETF ZUE 1,581.11 3.98 0.09
BMO US High Dividend Covered Call ETF ZWH 979.98 1.97 0.72
Desjardins RI USA Mltfct Low CO2 ETF DRFU 123.89 1.65 0.58
Franklin FTSE U.S. ETF FLAM 281.83 1.17 0.08
Harvest Brand Leaders Plus Inc ETF HBF 376.9 1.15 0.96
Horizons NASDAQ-100® ETF HXQ 478.89 3.56 0.28
Horizons S&P 500 ETF HXS 2,289.53 8.26 0.1
Horizons US Large Cap ETF HULC.U 203.1 1.39 0.08
Invesco NASDAQ 100 ETF CADH QQC.F 482.55 5.93 0.2
Invesco S&P 500 Equal Weight ETF CAD EQL 235.4 1.43 0.26
Invesco S&P 500 Equal Weight ETF CAD H EQL.F 288.52 4.4 0.25
iShares Core S&P 500 ETF XUS 4,466.77 34.43 0.1
iShares Core S&P 500 ETF (CAD-Hedged) XSP 7,570.18 57.87 0.1
iShares Core S&P US Total Mkt ETF XUU 2,171.36 3.91 0.07
iShares ESG Aware MSCI USA ETF XSUS 218.2 3.06 0.22
iShares NASDAQ 100 ETF (CAD-Hedged) XQQ 1,659.26 20.66 0.39
iShares S&P US Mid-Cap ETF (CAD-Hedged) XMH 116.31 1.01 0.16
iShares US Small Cap ETF (CAD-Hedged) XSU 467.42 8.01 0.35
Mackenzie US Large Cap Equity ETF QUU 2,144.46 5.12 0.07
TD U.S. Equity Index ETF TPU 1,415.39 1.42 0.07
Vanguard S&P 500 ETF VFV 6,657.19 48.8 0.09
Vanguard S&P 500 ETF CAD-H VSP 2,525.33 12.9 0.09
Vanguard US Dividend Apprec ETF CAD-H VGH 515.87 2.59 0.3
Vanguard US Dividend Appreciation ETF VGG 1,004.38 3.86 0.3
Vanguard US Total Market ETF VUN 5,281.65 18.2 0.16
Vanguard US Total Market ETF CAD-H VUS 755.56 2.73 0.16
GLOBAL EMERGING MARKETS EQUITY
BMO Euro Hi Div Cov Call Hdgd to CAD ETF ZWE 666.18 2.51 0.71
BMO Global High Dividend Cvrd Call ETF ZWG 182.46 1.03 0.72
BMO International Div Hdgd to CAD ETF ZDH 162.15 1.73 0.44
BMO MSCI All Country World High Qual ETF ZGQ 306.67 1.91 0.5
BMO MSCI China ESG Leaders ETF ZCH 111.44 2.54 0.72
BMO MSCI EAFE ETF ZEA 5,398.81 23.43 0.22
BMO MSCI EAFE Hdgd to CAD ETF ZDM 611.05 2.84 0.22
BMO MSCI Emerging Markets ETF ZEM 1,431.92 5.02 0.28
BMO MSCI Europe Hi Qual Hdgd to CAD ETF ZEQ 685.06 1.59 0.45
CI MstarIntlValETF UnHdgComm VXM.B 315.48 1.27 0.65
CI WisdomTree Japan Equity ETF Non-Hdg JAPN.B 400.61 2.41 0.48
Dynamic Active Global Dividend ETF DXG 773.27 3.03 0.82
Fidelity International High Quality ETF FCIQ 367.08 1.52 0.49
Horizons Intl Developed Markets Eq ETF HXDM 351.03 1.3 0.22
iShares Core Equity ETF XEQT 1,358.42 6.4 0.2
iShares Core MSCI ACty Wld exCan ETF XAW 1,742.38 3.64 0.22
iShares Core MSCI EAFE IMI ETF XEF 5,634.78 16.46 0.22
iShares Core MSCI EAFE IMI ETF CADH XFH 827.26 1.85 0.22
iShares Core MSCI Emer Mkts IMI ETF XEC 884.77 2.96 0.26
iShares ESG Aware MSCI EAFE ETF XSEA 112.17 1.32 0.28
iShares MSCI EAFE ETF (CAD-Hedged) XIN 1,165.15 2.32 0.51
iShares MSCI Emerging Markets ETF XEM 253.06 2.6 0.79
iShares MSCI Europe IMI ETF XEU 278.12 1.19 0.28
iShares MSCI Europe IMI ETF (CAD-Hedged) XEH 167.68 1.08 0.28
iShares MSCI World ETF XWD 747.16 16.72 0.47
Mackenzie International Equity ETF QDX 486.5 1.29 0.19
Manulife Multifactor Em Mkts ETF MEME.B 396.96 1.85 0.74
NBI Active International Equity ETF NINT 248.61 4.27 0.67
NBI Sustainable Global Equity ETF NSGE 481.58 1.98 0.74
Vanguard All-Equity ETF Portfolio VEQT 2,181.05 9.35 0.24
Vanguard FTSE Dev AC ex Nrth Amer ETF VIU 3,060.34 6.42 0.23
Vanguard FTSE Dev All Cap ex US ETF VDU 358.86 1.52 0.21
Vanguard FTSE Dev All Cap ex US ETF CADH VEF 504.3 1.31 0.21
Vanguard FTSE Emerging Mkts All Cap ETF VEE 1,519.24 5.36 0.24
Vanguard FTSE Global All Cap ex Can ETF VXC 1,361.28 2.86 0.21
Vanguard Global Value Factor ETF CAD VVL 289.21 1.47 0.38
SECTOR ETFs
BMO Covered Call Canadian Banks ETF ZWB 2,713.98 12.57 0.72
BMO Covered Call US Banks ETF ZWK 233.82 3.48 0.72
BMO Covered Call Utilities ETF ZWU 1,743.16 8.99 0.71
BMO Eq Weight US Banks Hedged to CAD ETF ZUB 508.48 6.45 0.38
BMO Eq Wght US HlthCare Hdgd to CAD ETF ZUH 410.66 1.1 0.39
BMO Equal Weight Banks ETF ZEB 3,109.68 143.82 0.48
BMO Equal Weight Oil & Gas ETF ZEO 246.44 4.57 0.61
BMO Equal Weight REITs ETF ZRE 587.87 1.6 0.61
BMO Equal Weight US Banks ETF ZBK 711.1 2.76 0.38
BMO Equal Weight Utilities ETF ZUT 423.68 1.63 0.61
BMO Global Infrastructure ETF ZGI 585.95 2.13 0.61
CI Canadian REIT ETF RIT 590.42 1.54 0.87
CI EgyGntsCovCallETFCADHComm NXF 325.3 3.05 0.72
CI Global Financial Sect ETF FSF 799.98 2.18 1.03
CI Gold+ Giants Covered Cll ETFComm CGXF 183.33 2.17 0.71
CI TecGntsCovCallETF Comm TXF 478.13 3.16 0.71
Hamilton Canadian Bank Mn Rvrsn ETF HCA 552.15 1.6 0.58
Harvest Healthcare Leaders Inc ETF HHL 1,158.63 4.4 0.99
Harvest Tech Achievers Gr&Inc ETF HTA 305.03 1.5 0.99
Horizons Equal Weight Canada Banks ETF HEWB 128.16 1.29 0.32
Horizons Gold Producer Eq Cov Call ETF GLCC 223.63 1.22 0.79
Horizons S&P/TSX Capped Energy ETF HXE 100.36 1.07 0.27
iShares Global Agriculture ETF Comm COW 479.59 2.23 0.72
iShares Global Healthcare ETF CADH XHC 600.25 1.47 0.65
iShares S&P/TSX Capped Cnsmr Stpls ETF XST 193.06 2.8 0.5
iShares S&P/TSX Capped Energy ETF XEG 2,060.10 75.6 0.61
iShares S&P/TSX Capped Financials ETF XFN 1,354.96 44.13 0.61
iShares S&P/TSX Capped Info Tech ETF XIT 401.56 3.19 0.61
iShares S&P/TSX Capped Materials ETF XMA 145.43 4.03 0.6
iShares S&P/TSX Capped REIT ETF XRE 1,047.02 18.48 0.61
iShares S&P/TSX Capped Utilities ETF XUT 290.23 12.62 0.61
iShares S&P/TSX Global Base Metals ETF XBM 247.88 3.57 0.61
iShares S&P/TSX Global Gold ETF XGD 1,072.90 19.97 0.61
Ninepoint Energy Series ETF NNRG 446.32 2.35 5.12
RBC CA Bank Yield ETF RBNK 244.56 2 0.32
TD Global Technology Leaders ETF TEC 1,160.28 5.97 0.39
Vanguard FTSE Canadian Capped REIT ETF VRE 275.89 1.42 0.38
BALANCED
Fidelity All-in-One Balanced ETF FBAL 109.53 1.03 0.38
iShares Canadian Fncl Mthly Inc ETF Comm FIE 879.23 2.84 0.81
iShares Core Balanced ETF Portfolio XBAL 869.02 3.16 0.2
iShares Core Growth ETF Portfolio XGRO 1,394.50 3.4 0.2
Vanguard Balanced ETF Portfolio VBAL 2,239.63 6.45 0.24
Vanguard Conservative ETF Portfolio VCNS 473.24 1.16 0.24
Vanguard Growth ETF Portfolio VGRO 3,512.75 9.06 0.24
Name Ticker AUM AVERAGE DAILY TRADED VOLUME (3 MO) MER (%)1
MILLIONS MILLIONS
FIXED INCOME
CANADIAN US MONEY MARKET & HISA
BMO Money Market Fund ETF Series ZMMK 467.48 10.64 0.14
CI High Interest Savings ETF CSAV 5,290.33 44.04 0.16
High Interest Savings Account ETF HISA 1,082.64 47.25 0.17
Horizons Cash Maximizer ETF HSAV 2,097.91 12.15 0.08
Horizons High Interest Savings ETF CASH 1,437.80 43.93 0.12
Horizons USD Cash Maximizer ETF HSUV.U 1,036.08 7.32 0.19
iShares Premium Money Market ETF Comm CMR 315 6.8 0.24
Purpose High Interest Savings ETF PSA 3,785.08 72.16 0.16
Purpose US Cash ETF PSU.U 387.32 9.22 0.17
US High Interest Savings Account ETF HISU.U 115.19 3.34  
CANADIAN SHORT TERM
BMO Short Corporate Bond ETF ZCS 1,225.72 6.63 0.11
BMO Short Federal Bond ETF ZFS 1,190.59 3.61 0.22
BMO Short Provincial Bond ETF ZPS 349.03 1.02 0.28
BMO Ultra Short-Term Bond ETF ZST 839.78 7.94 0.16
BMO Ultra Short-Term Bond ETF (AU) ZST.L 238.2 2.4 0.16
Horizons Active Ultra-Shrt Trm IG Bd ETF HFR 475.94 2.9 0.47
Invesco 1-3 Year Laddered Fl Rt Note ETF PFL 402.89 10.94 0.22
iShares 1-5 Year Laddr Corp Bd ETF Comm CBO 802.05 2.71 0.28
iShares 1-5 Year Laddr Govt Bd ETF Comm CLF 696.1 4.75 0.17
iShares Core Canadian Short Term Bd ETF XSB 2,812.38 20.4 0.1
iShares Core Canadian ST Corp Bd ETF XSH 1,290.28 7.05 0.1
iShares Floating Rate ETF XFR 511.56 7.31 0.22
Manulife Smart Short-Term Bond ETF TERM 378.04 1.4 0.23
RBC Canadian Discount Bond ETF RCDB 688.72 3.61 0.17
RBC Target 2024 Corporate Bond ETF RQL 219.44 1.73 0.28
Vanguard Canadian Short-Term Bond ETF VSB 1,352.09 10.65 0.11
Vanguard Canadian Short-Term Corp Bd ETF VSC 1,044.49 3.46 0.11
CANADIAN FULL TERM
BMO Aggregate Bond ETF ZAG 6,510.12 24.89 0.09
BMO Core Plus Bond ETF ZCPB 1,617.94 3.64 0.56
BMO Corporate Bond ETF ZCB 166.28 1.35 0.17
BMO Discount Bond ETF ZDB 767.12 2.92 0.1
BMO Government Bond ETF ZGB 507.12 1.04 0.17
BMO Long Corporate Bond ETF ZLC 212.57 1.73 0.33
BMO Long Federal Bond ETF ZFL 1,956.86 13.59 0.22
BMO Mid Corporate Bond ETF ZCM 492.94 4.1 0.34
BMO Mid Federal Bond ETF ZFM 1,003.58 3.02 0.22
BMO Mid Provincial Bond ETF ZMP 290.61 2.36 0.28
Dynamic Active Discount Bond ETF DXDB 167.78 1.98  
Horizons Active Corporate Bond ETF Comm HAB 328.54 1.29 0.59
Horizons CDN Select Universe Bond ETF HBB 2,844.96 12.6 0.1
Invesco Long Term Government Bond ETF PGL 131.7 5.95 0.26
iShares 1-10 Year Laddr Corp Bd ETF Comm CBH 607.99 6.99 0.28
iShares 1-10 Year Laddr Govt Bd ETF Comm CLG 551.62 4.31 0.17
iShares Core Canadian Corporate Bd ETF XCB 1,686.68 13.6 0.24
iShares Core Canadian Government Bd ETF XGB 590.27 7.38 0.2
iShares Core Canadian Long Term Bond ETF XLB 669.71 9.62 0.2
iShares Core Canadian Universe Bond ETF XBB 4,844.83 40.01 0.1
iShares High Quality CanadianBd ETF Comm XQB 385.27 2.27 0.13
Mackenzie Canadian Aggregate Bond ETF QBB 581.1 4.94 0.08
Mackenzie Canadian All Corporate Bd ETF QCB 397.4 1.36 0.15
Mackenzie Core Plus Cdn Fxd Inc ETF MKB 498.13 1.63 0.45
NBI Sustainable Canadian Bond ETF NSCB 347.91 4.56 0.63
RBC Target 2025 Corporate Bond ETF RQN 193.28 1.61 0.28
RBC Target 2026 Corporate Bond ETF RQO 201.43 1.2 0.28
TD Canadian Aggregate Bond Index ETF TDB 494.32 1.64 0.08
TD Canadian Long Term Federal Bond ETF TCLB 1,297.50 6.95 0.23
Vanguard Canadian Aggregate Bond ETF VAB 3,888.31 13.61 0.09
Vanguard Canadian Corporate Bond ETF VCB 224.78 1.23 0.17
US GLOBAL EM FIXED INCOME
BMO Long-Term US Treasury Bd ETF Hedged ZTL.F 215.73 2.48 0.23
BMO Mid-Term US IG Corp Bond ETF (CAD) ZIC 2,549.10 2.32 0.28
BMO MT US IG Corp Bd Hdgd to CAD ETF ZMU 2,493.87 6.12 0.28
BMO Short-Term US TIPS ETF (Hgd Units) ZTIP.F 234.15 1.14 0.17
CI Enhanced Govt ETF FGO 684.8 2.62 0.64
CI Enhanced Short Dur Bd ETF Comm FSB 887.27 2.68 0.74
Fidelity Global Core Plus Bond ETF FCGB 634.22 2.9 0.56
Fidelity Global Investment Grade Bd ETF FCIG 141.09 1.19 0.56
Ishares Global Gvmt Bd Idx CAD H XGGB 185.9 1.13 0.23
iShares US IG Corporate Bond ETF CADH XIG 131.38 1.06 0.32
Mackenzie Core Plus Glbl Fxd Inc ETF MGB 234.08 2.39 0.59
Mackenzie Emerging Mkts Lcl Ccy Bd ETF QEBL 815.18 7.85 0.5
Mackenzie Floating Rate Income ETF MFT 724.9 2.92 0.67
Mackenzie Unconstrained Bond ETF MUB 827.69 4.11 0.56
Mackenzie US TIPS ETF (CAD-Hedged) QTIP 403.15 1.63 0.17
NBI High Yield Bond ETF NHYB 977.09 3.02 0.69
NBI Unconstrained Fixed Income ETF NUBF 2,029.94 8.82 0.86
PIMCO Monthly Income ETF PMIF 1,827.08 8.79 0.84
Purpose Global Bond ETF BND 406.3 1.22 0.42
TD U.S. Long Term Treasury Bond ETF TULB 235.52 1.67 0.22
Vanguard Global ex-US Aggt Bd ETF CAD-H VBG 613.14 1.4 0.39
Vanguard US Aggregate Bond ETF CAD-H VBU 857.59 1.74 0.22
HIGH YIELD
BMO Emerging Markets Bd Hdgd to CAD ETF ZEF 604.65 2.44 0.56
BMO High Yld US Corp Bd Hdgd to CAD ETF ZHY 651.92 11.94 0.61
Horizons Active High Yield Bond ETF Comm HYI 102.94 1.07 0.71
iShares US High Yield Bond ETF CADH XHY 392.76 2.97 0.67
PREFERRED SHARE
BMO Laddered Preferred Share ETF ZPR 1,607.47 8.03 0.5
Dynamic Active Preferred Shares ETF DXP 518.24 1.76 0.65
Horizons Active Preferred Share ETF Comm HPR 1,107.09 4.86 0.64
iShares S&P/TSX Cdn Prefr Shr ETF Comm CPD 1,002.59 4.02 0.5
RBC Canadian Preferred Share ETF RPF 625.61 2.32 0.58
ALTERNATIVES
3iQ CoinShares Bitcoin ETF BTCQ.U 259.87 3.8 1.25
AGFiQ US Market Neutral Anti-Bt CAD-HETF QBTL 331.3 4.27 0.55
BetaPro Cdn Gold Miners 2x DlyBull ETF HGU 101.62 7.06 1.35
BetaPro Crude Oil Daily Bull ETF HOU 118.54 26.99 1.36
BetaPro NASDAQ-100® -2x Daily Bear ETF HQD 125.99 34.48 1.64
BetaPro NASDAQ-100® 2x Daily Bull ETF HQU 177.2 22.37 1.47
BetaPro Natural Gas Lvrgd Dl Bull ETF HNU 105.53 69.43 1.41
BetaPro S&P 500® -2x Daily Bear ETF HSD 172.79 36.91 1.55
CI Alternative Diversified Opp ETF CAD CMDO 161.63 1.05 1.08
CI Galaxy Bitcoin ETF CAD BTCX.B 118.61 1.44 0.85
CI Galaxy Ethereum ETF ETHX.B 209.12 2.64 0.76
CI Munro Alt Glb Gr ETF Common CMAG 191.81 1.26 5.83
Desjardins Alt Long/Short Equity MN ETF DANC 544.49 1.82 1.14
Hamilton Enhanced Canadian Bank ETF HCAL 371.28 3.31 1.06
Hamilton Enhanced Multi-Sect Cov Cll ETF HDIV 274.45 2.55 2.09
Hamilton Enhanced US Covered Call ETF HYLD 301.13 5.07  
Harvest Diversified Monthly Inc ETF A HDIF 239.47 3.05  
Horizons US Dollar Currency ETF DLR 114.61 16.91 0.73
iShares Gold Bullion ETF (CAD-Hedged) CGL 712.77 3.4 0.56
iShares Gold Bullion ETF (Non-Hedged) CGL.C 219.87 1.23 0.55
NBI Liquid Alternatives ETF NALT 332.15 2.14 0.69
Picton Mahoney Fortified Inc Alt ETF PFIA 309.4 1.23 1.79
Purpose Bitcoin CAD ETF Currency Hedged BTCC 111.98 2.18  
Purpose Bitcoin CAD ETF Non-Currency Hdg BTCC.B 266.15 6.47 1.48

Source: Bloomberg
All data as of March 31st, 2023.
* Screening is based on Canadian listed ETFs with a minimum of $100 million in AUM and have a minimum of 1 million average daily traded volume over 3 months.

1 Management Expense Ratio (MER) are the audited MERs as of December 31, 2022.

This communication is intended for informational purposes only and is not, and should not be construed as, investment and/​or tax advice to any individual. Particular investments and/​or trading strategies should be evaluated relative to each individual’s circumstances. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment.

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

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

S&P®, S&P 500® and S&P/TSX CompositeTM are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and ​“TSX” is a trademark of TSX, Inc. These trademarks have been licensed for use by S&P Dow Jones LLC and sublicensed to the manager in connection with ZCN, ZUE and ZSP (the ​“ETF”) The index or indices are products of S&P Dow Jones Indices LLC and have been licensed for use by BMO Asset Management Inc. in connection with the ETF. The ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, S&P, TSX or their respective affiliates, and S&P Dow Jones Indices LLC, S&P, TSX and their respective affiliates make no representation regarding the advisability or investing in such ETF.

Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the ​“Corporations”) and are licensed for use by BMO Asset Management Inc. The BMO Nasdaq 100 Equity Hedged to CAD Index ETF has not been passed on by the Corporations as to its legality or suitability and is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO The BMO Nasdaq 100 Equity Hedged to CAD Index ETF.

The exchange traded funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such exchange traded funds or securities or any index on which such exchange traded funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and related exchange traded funds.

The exchange traded funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such exchange traded funds or securities or any index on which such exchange traded funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and related exchange traded funds.

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