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BMO ETF
A physical gold fund, unhedged, for 0.65% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Spot commodity exposure. Returns are tied mainly to the underlying commodity rather than to a diversified set of operating companies.
| Fee | 0.65% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Fund of funds | holdings↓ |
This fund gives exposure to a single commodity. Its return tracks the commodity price, plus any currency or futures-roll effects. There is nothing to diversify across.
How this fund works
Holds the underlying investments and writes covered calls on part of the position. The option premiums add to distributions and cap part of the upside.
Source: fund provider disclosure.
The management fee was 0.65% a year, or about $65 for every $10,000 held. This figure is the fund's own fee; the covered-call funds it holds run their option overlays internally, so there is no separate overlay fee, though those overlays change the return and distribution profile. 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.
How durable the fund is, and what moved its price.
| Assets | $807,000· net assets |
| Listed | 2026· 0 years of history |
| Leverage / overlay | Options overlay |
What moved the price
| Ticker | ZWGD.T.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Commodities |
| Structure | Fund of funds |
| Theme | Gold |
| Provider | BMO ETF |
| Mgmt fee | 0.65% |
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Prices as of last close.
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