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BMO
An actively managed North American equity fund: 53 stocks, 49% Canada, unhedged, for 0.45% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Actively managed diversified equity portfolio. The portfolio is spread across many holdings, so results reflected a mix of manager positioning and broad market moves.
Top holding: Royal Bank of Canada 5.4% (broad) · Top sector: Financials 26.2% (broad) · Top region: Canada 49.4% (global)
Financials 26.2%·Technology 19.9%·Materials 9.4%·Energy 8.9%·Industrials 8.0%·Other 7.3%·Other (locked) 19.3%
Canada 49.4%·United States 48.8%·Europe 0.8%
Source: fund provider disclosure.
The management fee was 0.45% a year, or about $45 for every $10,000 held. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
Mostly eligible Canadian dividends
The full distribution tax character, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $87M· net assets |
| Leverage / overlay | None |
What moved the price
| Ticker | ZBEC.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Physical (holds securities) |
| Theme | Broad Market |
| Provider | BMO |
| Mgmt fee | 0.45% |
Compare ZBEC.NE→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
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