Mr. Aaron Sobeski reports

BMO LAUNCHES HEDGED UNITS OF BMO BROAD COMMODITY ETF

BMO Asset Management Inc., the manager of the BMO ETFs (exchange-traded funds), has launched the hedged units of BMO Broad Commodity ETF. The hedged units are a series of units supplemental to the existing Canadian-dollar units of the BMO ETF, which were listed on Cboe Canada Inc. in October, 2025. The BMO ETF provides a transparent and efficient way to diversify a portfolio without trading individual commodities.

The BMO ETF has closed its initial offering of hedged units (Cboe CA: ZCOM.F) and is listed and trading on Cboe Canada.

The BMO ETF's objective is to seek to replicate, to the extent possible, the total return performance of a broad-based commodity index or a successor index thereto, net of fees and expenses. The investment strategy of the BMO ETF is generally to invest in derivative instruments (such as commodity-linked derivative instruments) to seek to replicate the total return performance of the index. Currently, the BMO ETF seeks to replicate, to the extent possible, the performance of the Bloomberg Commodity Index Total Return, net of fees or expenses, primarily through the use of commodity-linked derivative instruments that provide exposure to the constituents of the Bloomberg Commodity Index and the reinvestment of any excess cash in money market instruments, fixed-income securities, underlying funds or similar financial instruments in order to replicate the performance of the Bloomberg Commodity Index Total Return. In respect of the hedged units, the BMO ETF will also invest in or use derivative instruments to seek to hedge foreign currency exposure back to the Canadian dollar.