BMO MSCI Canada Value Index ETF

The fund is passively managed to target the value segment of the Canada equity market. Eligible large- and mid-cap securities are selected for higher value characteristics relative to peers within each GICS sector. The value score is based on three fundamental factors: price-to-book value, price-to-forwards earnings, and enterprise value-to-cash flow from operations. The resulting portfolio holds at least 25 securities, which are weighted by value score, scaled by market capitalization. Single security weights are capped at 10%. Weights are also normalized to maintain sector weights in the parent index. The index is rebalanced on a semi-annual basis.