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Mutual Funds

BMO Equity Growth ETF Portfolio - Series T6

Overview

Growth of $10,000e

Growth of $10,000 Chart

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Fund Details

Price (NAV) (2025-08-12)
$12.2765
Inception Date
Nov 4, 2013
Management Expense Ratio (MER)
1.78%
Distribution Frequency
Monthly
Category
Global Equity
Risk Rating
Medium
Portfolio Manager
Steven Shepherd, Sadiq S. Adatia

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Under the Hood

Annual Compound Returns (%)

as of Jul 31, 2025

Calendar Year Returns (%)

since Dec 31, 2015

Top Holdingsf

as of Jun 30, 2025

Standard Deviation**

as of Jul 31, 2025

Distributions

Distribution Date
Jul 29, 2025
Distribution Amount
$0.0585
Reinvestment Price
$12.0992
Distribution Frequency*
Monthly

Historical Distributions Table

Asset Allocation

Equity95.2%Fixed Income0.5%Cash0.2%

Geographic Allocation

United States36.4%Canada24%Japan7.5%United Kingdom4.8%Switzerland3.3%France2.8%Germany2.5%Netherlands1.6%Australia1.4%China1.1%

Industry Type Allocation

Financials21.4%Information Technology17.2%Industrials12.3%Health Care8.4%Consumer Discretionary8%Energy5.8%Communication Services5.8%Materials5.7%Consumer Staples5.3%Utilities2.9%

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Why Invest?

  • For investors looking for a growth portfolio solution
  • Diversified portfolio of ETFs combined in an easy to use, all-in-one solution
  • Professionally managed by BMO's Multi-Asset Solutions Team

PM Commentary

  • The second quarter of 2025 (“the quarter”) was an extraordinary one in terms of macroeconomic and geopolitical events. It started with a much-anticipated Liberation Day on April 2nd, with the U.S. imposing higher-than-feared tariffs on major trading partners which saw credit spreads widen and equities decline.
  • Canadian bonds finished the quarter modestly lower despite weaker economic data. Yields generally rose, with the exception of shorter-term yields, as Canadian gross domestic product data avoided a technical recession. Within fixed income, government bonds declined while corporate bonds gained.
  • Canadian equities, as measured by the S&P/TSX Composite Index, gained over the quarter. Given trade-induced uncertainty, investor interest in gold increased. This shift benefited gold miners, which make up a significant portion of the Canadian equity market. As a result, the Materials sector gained. The Financials sector also gained as Canadian banks are often considered a safer investment during uncertain times. Despite trade uncertainties, the Information Technology and Consumer Discretionary sectors also gained.
  • Worldwide developed equities, as measured by MSCI World Index, gained over the quarter. Eurozone equities performed well following multiple central bank interest rate cuts, unprecedented government spending in Germany and a broadly improving macroeconomic environment. In the U.S., the S&P 500 Index hit a bear market in early April, only to recover astoundingly and hit all-time highs in late June. Japanese stocks extended their rally given yen weakness, corporate governance reforms and strong earnings momentum. U.K. equities benefited from resilient domestic demand and positive sentiment. The catalyst for global equity markets’ recovery was the U.S. administration’s tariff de-escalation and delay.
  • The BMO ETF Portfolios’ performance was positive over the quarter across all risk profiles. The Portfolio Manager has increased the equity allocations to roughly 2% above benchmark, again moving U.S. equities to overweight on a tactical basis, using recent dips to add exposure. They have also increased exposure to the BMO Global Equity Fund Active ETF Series (BGEQ).
  • The Portfolio Manager has now fully unwound the hedge of USD to CAD. This is a tactical call on the USD, and not a long-term dismissal of the potential deterioration of the greenback’s elite global reserve status. Should the U.S. Dollar Index (DXY) revisit levels seen earlier this year, they would revisit.
  • They also continue to trim the gold exposure, redeploying to other asset classes. While gold remains a solid long-term asset for diversification and risk hedging, they believe that its recent surge has attracted less committed investors, who in the face of a positive second-half of 2025 equity rally may unwind their positions.

** An annualized statistical measure of risk of a fund’s performance around its average. It is calculated based on a fund’s monthly returns over a specified time period. The greater the standard deviation, the greater the fund’s volatility.

a It is the most recent income received by the fund in the form of dividends, interest and other income annualized based on the payment frequency, divided by the current market value of the fund’s investments. It is gross of any fees or expenses of the fund.

b A measure of sensitivity of bond prices to changes in interest rates. Generally, the higher the duration the more volatile the bond’s price will be when interest rates change.

c Front End = Sales Charge.

d DSC closed to new purchase. As of November 2020, LL no longer available for sale.

e The graph illustrates the impact to an initial investment of $10,000 from the fund's inception date to the as of date indicated. It is not intended to reflect future returns on investments in the fund. The performance is net of fees and assumes the reinvestment of all distributions.

f The portfolio holdings are subject to change without notice and may only represent a small percentage of portfolio holdings. They are not recommendations to buy or sell any particular security.

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