Strategy
Product Insights

NEW BMO SPDR Select Sector Index ETFs – 2025 Launch Summary

The 11 Widely Known U.S Sector ETFs Are Now Canadian Listed!

Feb. 6, 2025
Sector Investing Just Got Easier for Canadians

BMO Asset Management Inc. has expanded its line-up of sector ETFs by adding a full suite of 11 BMO SPDR Select Sector Index ETFs. For the first time Canadian investors can access all 11 Global Industry Classification Standard System (‘GICS’) sectors of the S&P 500 in both unhedged and hedged to CAD (.F).


Key Points:

  • Choose Your Currency Exposure: The unhedged and hedged to CAD (.F) ETFs empower investors to either gain or reduce U.S dollar exposure.
  • Save on Currency Conversion Costs: Investors with Canadian dollars no longer need to convert to U.S dollars to get access to GICS Sector ETFs.
  • Mitigate Tax Friction: Investing in Canadian-listed ETFs allows Canadians to manage the potential impact of U.S. tax issues and filing.1
  • A Powerful Portfolio Construction Tool: Ability to take advantage of tactical opportunities, manage risk, or align a portfolio to an economic viewpoint.
  • More Diversification: Reduce single stock concentration and gain exposure to an entire sector in one single trade.
  • Management Fee: 0.19%
  • For more information please see our BMO SPDR Select Sector Index ETFs Brochure

Access the U.S. Market How You Want to Access it
Available in Hedged to CAD (.F) or Unhedged


Access the U.S. Market How You Want to Access it

Generally, BMO SPDR Select Sector Index ETFs will invest substantially all of its assets, directly or indirectly, in the relevant Select Sector SPDR® Fund. However, BMO SPDR Select Sector Index ETFs may invest substantially all of its assets, directly or indirectly, in the index constituents, in substantially the same proportions as the index constituents are represented in the applicable index

  • ZXLC │ZXLC.F – BMO SPDR Communication Services Select Sector Index ETF
  • ZXLY │ZXLY.F – BMO SPDR Consumer Discretionary Select Sector Index ETF
  • ZXLP │ZXLP.F – BMO SPDR Consumer Staples Select Sector Index ETF
  • ZXLE │ZXLE.F – BMO SPDR Energy Select Sector Index ETF
  • ZXLF │ZXLF.F – BMO SPDR Financials Select Sector Index ETF
  • ZXLV │ZXLV.F – BMO SPDR Health Care Select Sector Index ETF
  • ZXLI │ZXLI.F – BMO SPDR Industrials Select Sector Index ETF
  • ZXLB │ZXLB.F – BMO SPDR Materials Select Sector Index ETF
  • ZXLR │ZXLR.F – BMO SPDR Real Estate Select Sector Index ETF
  • ZXLK │ZXLK.F – BMO SPDR Technology Select Sector Index ETF
  • ZXLU │ZXLU.F – BMO SPDR Utilities Select Sector Index ETF

Download PDF >

1 Source: Tax Issues, U.S. Investing and Your Clients. As of January 31st 2025.

This is for information purposes only. The information contained herein is not, and should not be construed as investment, tax or legal advice to any party. Particular investments and/​or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

You cannot invest directly in an index.

Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market.

The Select Sector SPDR Trust consists of eleven separate investment portfolios (each a ​“Select Sector SPDR ETF” or an ​“ETF” and collectively the ​“Select Sector SPDR ETFs” or the ​“ETFs”). Each Select Sector SPDR ETF is an ​“index fund” that invests in a particular sector or group of industries represented by a specified Select Sector Index. The companies included in each Select Sector Index are selected on the basis of general industry classification from a universe of companies defined by the S&P 500®. The investment objective of each ETF is to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in a particular sector or group of industries, as represented by a specified market sector index.

The S&P 500, SPDRs, and Select Sector SPDRs are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use. The stocks included in each Select Sector Index were selected by the compilation agent. Their composition and weighting can be expected to differ to that in any similar indexes that are published by S&P.

The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.

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

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the simplified prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/​or elimination.

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

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. 

“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.