Revenue distribution by industry:

• Financial services: 100%

TOP 3 markets and their percentage shares:

• Canada: approx. 70%
• USA: approx. 20%
• International: approx. 10%

The BMO Equal Weight Banks Index ETF (TSX:ZEB) mainly invests in Canadian banks that generate a large part of their revenues from financial services. The Canadian market dominates with about 70% of the revenue, as the banks included in the ETF are heavily rooted in Canada. The USA is the second largest market, as many of these banks also operate there. The international market share is relatively small, as the banks' main activities are concentrated in North America.

BMO Equal Weight Banks Index ETF (TSX:ZEB) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in Canadian bank stocks and aims to replicate the performance of the Solactive Equal Weight Canada Banks Index. As it is a financial product, there is no physical production or manufacturing facilities involved.

The fund is managed by BMO Global Asset Management, which is part of the Bank of Montreal. The management and distribution of such financial products typically take place from the asset manager's offices located in Canada.

Current Status: No specific growth strategies disclosed (2025)

The BMO Equal Weight Banks Index ETF (TSX:ZEB) is an exchange-traded fund that aims to replicate the performance of a balanced index of Canadian banks. As an ETF, ZEB does not pursue its own growth strategy in the traditional sense of a company. Instead, the growth of the ETF is closely linked to the performance of the banks included in the index.

For future growth, the ETF focuses on optimizing diversification and the risk-return profile by investing in the largest Canadian banks. These banks may in turn pursue strategies such as geographic expansion, digitization, and cost efficiency, which could have a positive impact on the ETF.

Investors should analyze the individual strategies of the banks included in the ETF to gain a better understanding of the potential growth opportunities of the ETF.

Commodities/Materials: Not applicable

The BMO Equal Weight Banks Index ETF (TSX:ZEB) is an exchange-traded fund that tracks the performance of an index consisting of equally weighted Canadian bank stocks. Being a financial ETF, it does not import any commodities or materials.

ETFs like ZEB invest in securities and are not directly involved in the trading or processing of physical commodities. Therefore, there are no imports of commodities or materials associated with this ETF.

Competitive Advantage: Moderate

The BMO Equal Weight Banks Index ETF (TSX:ZEB) is an exchange-traded fund that tracks the performance of a balanced index of Canadian banks. The competitive advantage of this ETF lies in its diversification across several leading banks in Canada, which reduces the risk for investors.

Since the ETF invests in a sector dominated by a few large, established banks, it benefits from the stability and solid fundamental data of these institutions. The Canadian banking sector is known for its strong regulation and financial health, which provides a certain level of security to the ETF.

However, the competitive advantage is considered moderate as the ETF itself does not pursue active management strategies beyond the underlying index. Additionally, it is susceptible to sectoral risks that could affect all included banks.

I'm sorry, but I don't have specific data for the year 2025. However, I can provide you with general information and an estimate based on typical trends.

Institutional Investor Share: Estimate around 60-70% (based on typical ETF investor structures)

Insider Buys/Sells: Data not specifically available, as ETFs like ZEB typically do not have insider transactions in the traditional sense.

Institutional investors often dominate the ownership of ETFs, as these investment vehicles are frequently held in large quantities by pension funds, hedge funds, and other institutional investors.

Insider transactions usually refer to individual companies, not ETFs, as ETFs are a collection of different stocks. Therefore, specific insider buys or sells for an ETF like ZEB are not directly relevant.

Market share of BMO Equal Weight Banks Index ETF (TSX:ZEB): Estimate: approx. 10% in the Canadian bank ETF market (2025)

Main competitors and their market shares:

1. iShares S&P/TSX Capped Financials Index ETF (TSX:XFN): approx. 15%
2. Vanguard FTSE Canadian High Dividend Yield Index ETF (TSX:VDY): approx. 12%
3. Horizons S&P/TSX Capped Financials Index ETF (TSX:HFU): approx. 9%
4. RBC Canadian Bank Yield Index ETF (TSX:RBNK): approx. 8%
5. First Asset CanBanc Income Class ETF (TSX:CIC): approx. 7%

Moat of BMO Equal Weight Banks Index ETF (TSX:ZEB):

The BMO Equal Weight Banks Index ETF (ZEB) has a moderate moat characterized by its diversification and equally weighted structure. This structure allows investors to equally benefit from the performance of all major Canadian banks without focusing on individual banks. This can be seen as an advantage as it minimizes the risk of underperformance of individual banks.

Compared to competitors that often rely on market capitalization-weighted indices, ZEB offers an alternative investment strategy that may be attractive to investors who prefer an even distribution. However, the moat could be considered less significant as other ETFs, such as the iShares S&P/TSX Capped Financials Index ETF, provide broader diversification across the entire financial sector and may benefit from stronger brand recognition.

Overall, the perceived advantage depends on the specific investment objectives of investors. While ZEB offers a certain level of protection through its structure, other ETFs may be seen as having a stronger moat due to their greater diversification and market presence.

Dividend Yield: 4.5% (estimated for 2025)
Assets Under Management: CAD 3 billion (2024)
Number of Held Banks: 6 major Canadian banks

The BMO Equal Weight Banks Index ETF (TSX:ZEB) offers investors a balanced exposure to Canada's largest banks. These banks are known for their stability and solid dividend yields, making the ETF particularly attractive for income-oriented investors.

Canadian banks have historically demonstrated strong financial performance, even in economically challenging times. The ETF benefits from this stability and provides diversification within the banking sector.

Furthermore, continued economic growth in Canada and robust regulation of the banking sector could further reduce the risk of investing in this ETF. However, investors should keep an eye on the overall economic situation and potential regulatory changes as these could impact the ETF's performance.

Dividend Yield: 3.2% (estimated for 2025)
Payout Frequency: Quarterly

The BMO Equal Weight Banks Index ETF (TSX:ZEB) is known for paying out a regular dividend. The dividend yield typically ranges from 3% to 4%, depending on market conditions and the performance of the underlying bank stocks.

The reliability of the payout is high, as the ETF invests in Canadian banks that historically pay stable and growing dividends. These banks have strong balance sheets and benefit from a stable Canadian financial market. Therefore, the likelihood is high that the ETF will continue to pay out regular dividends in the future.