QUARTERLY PORTFOLIO DISCLOSURE BMO Equal Weight Global Gold 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 United States .............................................................................................. 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 Mining, Inc. ............................................................. 3.4 Cote D’Ivoire ................................................................................................. 3.3 Kirkland Lake Gold Ltd. ........................................................ 3.4 Brazil ............................................................................................................. 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 Sandstorm Gold Ltd. ........................................................... 3.3 Gold ............................................................................................................ 93.4 Franco-Nevada Corporation ................................................... 3.3 Silver ............................................................................................................. 6.3 Barrick Gold Corporation ...................................................... 3.2 Cash/Receivables/Payables ......................................................................... 0.3 Semafo Inc. .................................................................... 3.2 Detour Gold Corporation ....................................................... 3.2 Total Sector Allocation 100.0 Newmont Goldcorp Corporation .............................................. 3.2 Wheaton Precious Metals Corp. ............................................... 3.2 Yamana Gold Inc. .............................................................. 3.2 Kinross Gold 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 Bank of Montreal. ®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence. HOW TO REACH US: BMO Asset Management Inc. 1 First Canadian Place, 43rd Floor 100 King Street West, Toronto, ON M5X 1A1 1-800-361-1392 • www.bmo.com/gam/ca.