What Is ZUD?
BMO US Dividend Hedged to CAD ETF has been designed to provide exposure to a yield weighted portfolio of U.S. dividend paying stocks. The ETF utilizes a rules based methodology that considers the three year dividend growth rate, yield, and payout ratio to invest in U.S. equities. Securities will also be subject to a liquidity screen process. The underlying portfolio is rebalanced in May and reconstituted in November. The U.S. dollar currency exposure is hedged back to Canadian dollars. In addition, as ZUD is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Set it, forget it, let compounding do the heavy lifting. ๐ช