Top 10 Performing ETFs Amid Tariff Turmoil

Markets have reacted negatively to U.S. President Trump’s proposed tariffs on Mexico, Canada and other trading partners. Amid market jitters, these are the top-performing BMO ETFs for the week of March 17-21.

ETFs	Ticker	Total Return 1 Week (CAD)
1. BMO MSCI India Selection Equity Index ETF	ZID	5.40%
2. BMO Equal Weight Oil & Gas Index ETF	ZEO	4.10%
3. BMO SPDR Energy Select Sector Index ETF	ZXLE	2.93%
4. BMO Junior Gold Index ETF	ZJG	2.81%
5. BMO Equal Weight Global Gold Index ETF	ZGD	2.68%
6. BMO Covered Call US Banks ETF	ZWK	2.64%
7. BMO Covered Call Energy ETF	ZWEN	2.51%
8. BMO Equal Weight US Banks Index ETF	ZBK	2.44%
9. BMO Equal Weight Industrials Index ETF	ZIN	2.07%
10. BMO Equal Weight Utilities Index ETF	ZUT	2.02%

Performance (%)

	YTD	1 Month	3 Month	6 Month	1 Year	3 Year	5 Year	10 Year	Since Inception
ZID	-8.91	-6.82	-10.85	-12.14	0.03	6.98	12.59	9.11	8.28
ZEO	0.26	0.30	-3.55	1.56	14.14	14.15	19.88	4.20	1.99
ZXLE	Returns are not available as there is less than one year’s performance data.
ZJG	12.43	-0.25	7.37	15.66	77.58	14.62	14.00	10.13	1.06
ZGD	14.96	0.64	10.05	15.97	82.26	16.54	16.55	10.76	3.94
ZWK	5.63	-2.74	0.07	18.71	42.77	0.57	8.08	-	5.74
ZWEN	5.35	2.37	0.95	5.49	12.39	-	-	-	18.63
ZBK	4.96	-3.56	-1.84	20.01	46.47	5.18	12.87	10.43	11.27
ZIN	-6.90	-3.03	-9.47	0.32	4.83	7.39	10.61	8.75	10.33
ZUT	2.55	7.44	1.19	9.49	23.40	0.93	5.04	7.79	7.73

Bloomberg, as of February 28, 2025. Inception date for ZID = January 19, 2010, ZEO = October 20, 2009, ZXLE = February 3, 2025, ZJG = January 19, 2010, ZGD = November 14, 2012, ZWK = February 12, 2019, ZWEN = January 23, 2023, ZBK = February 10, 2014, ZIN = November 14, 2012, ZUT = January 19, 2010.

For Advisor use only.

The communication is for information purposes. 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.

The viewpoints expressed by the author represents their assessment of the markets at the time of publication. Those views are subject to change without notice at any time. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice. Past performance is no guarantee of future results. This communication is intended for informational purposes only.

Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent prospectus.

The ETF referred to herein is not sponsored, endorsed, or promoted by MSCI and MSCI bears no liability with respect to the ETF or any index on which such ETF is based. The ETF’s prospectus contains a more detailed description of the limited relationship MSCI has with the Manager and any related ETF.

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The 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.

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For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s 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.

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February 25, 2025