QUARTERLY PORTFOLIO DISCLOSURE BMO Equal Weight Global Index ETF (ZGD) Summary of Investment Portfolio • As at September 30, 2019

% of Net Asset % of Net Asset Portfolio Allocation Value Top 25 Holdings Value

Canada...... 60.1 Centerra Gold Inc...... 3.6 ...... 16.5 Gold Fields Limited, ADR...... 3.5 South Africa...... 9.7 OceanaGold Corporation...... 3.5 Australia...... 3.5 Alacer Gold Corporation...... 3.5 Nicaragua...... 3.4 Coeur , Inc...... 3.4 Cote D’Ivoire...... 3.3 Gold Ltd...... 3.4 ...... 3.2 IAMGOLD Corporation...... 3.4 Cash/Receivables/Payables...... 0.3 B2Gold Corp...... 3.4 Endeavour Mining Corporation...... 3.3 Total Portfolio Allocation 100.0 Pretium Resources Inc...... 3.3 SSR Mining Inc...... 3.3 % of Net Asset Royal Gold, Inc...... 3.3 Sector Allocation Value Ltd...... 3.3 Gold...... 93.4 Franco-Nevada Corporation...... 3.3 ...... 6.3 Corporation...... 3.2 Cash/Receivables/Payables...... 0.3 Semafo Inc...... 3.2 Corporation...... 3.2 Total Sector Allocation 100.0 Newmont Corporation...... 3.2 Corp...... 3.2 Yamana Gold Inc...... 3.2 Corporation...... 3.1 Hecla Mining Co...... 3.1 AngloGold Ashanti Limited, ADR...... 3.1 Agnico Eagle Mines Limited...... 3.1 Torex Gold Resources Inc...... 3.1 Top Holdings as a Percentage of Total Net Asset Value 82.2

Total Net Asset Value $118,566,512

This Summary of Investment Portfolio may change due to the ETF’s ongoing portfolio transactions. Updates are available quarterly. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager and separate entity from . ®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

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