Technology
Zephyr Releases PSN Top Guns Managers of the Decade 2024 Showcasing High Performing SMAs Over a 10-Year Period
Published
2 years agoon
By
Annual award recognizes tremendous achievement in separately managed accounts
NEW YORK, March 5, 2025 /PRNewswire/ — Zephyr, a subsidiary of Informa plc (LSE: INF), and a recognized leader in asset and wealth management software has released its highly anticipated PSN Top Guns Managers of the Decade 2024 list. Awards are given to separately managed accounts that are GIPS compliant, have a 10-year R-Squared value of .8 or greater to their style benchmark and outperform the style benchmark over the last 10 years. Finally, managers must have a standard deviation that is equal to or less than their style benchmark for the last 10 years. These criteria are designed to ensure that managers who win the PSN Top Guns award have adhered to their chosen style while outperforming their benchmark with less risk.
“The PSN Managers of the Decade award celebrates the exceptional resilience and expertise of top managers who have successfully navigated a decade marked by political upheavals, a global pandemic and unprecedented monetary policies,” says PSN Product Manager Nick Williams. “Their relentless effort, rigorous research and disciplined execution have helped drive strong U.S. equity returns and the growth of SMAs throughout within a ten-year period.”
Zephyr’s Market Strategist Ryan Nauman evaluated this year’s PSN Top Guns Managers of the Decade and noted, “The past decade will be remembered for its overall strong U.S. equity returns (Russell 3000 index +12.55%) as the Federal Reserve (Fed) started to unwind its post- Global Financial Crisis accommodative polices. Equity performance remained strong during the early stages of the decade. Meanwhile, 2024 marked another strong year for equities as mega tech stocks and the AI boom drove markets to new records.”
Nauman reviewed three PSN universes:
U.S. Large Growth Universe PSN Top Guns Manager of the Decade
Broadleaf Partners, LLC: Broadleaf Growth Equity Composite (+18.0% for the decade)Fiera Capital Corporation: Large Growth (+17.4% for the decade)Loomis, Sayles & Company, L.P.: Large Cap Growth (+17.3% for the decade)
EAFE Universe PSN Top Guns Manager of the Decade
Pacific Investment Mgmt. Co.: StocksPLUS International Hedged (+9.7% for the decade)MFS Investment Management: MFS International Intrinsic Value Eq (+8.4% for the decade)Acadian Asset Management LLC.: Non-U.S. Equity (+8.1% for the decade)
Core Fixed Universe Top Guns Manager of the Decade
Brown Brothers Harriman & Co.: BBH Core Plus Fixed Income (+3.8% for the decade)Templeton Financial Services, Inc.: Intermediate Taxable Bond (+3.1% for the decade)Belle Haven Investments: Taxable PLUS (+3.0% for the decade)
In addition to showcasing PSN Top Guns strategies, Zephyr has launched a robust promotional and market intelligence package program, the PSN Manager Advantage. The promotional package offers digital coverage and brand publicity, featuring ongoing marketing and a dedicated landing page to educate visitors about individual SMAs. The market intelligence Package provides actionable market insights from the PSN Database, enhancing your exposure and branding. Visit https://informaconnect.com/zephyr/psntopgunsmanageradvantage/ to learn more.
Nauman’s complete PSN Top Guns Managers of the Decade 2024 can be viewed on the company’s website. The complete PSN Top Guns list and an overview of the methodology, can be found here. If you would like to learn more about becoming a part of the PSN database or would like to subscribe to PSN data, visit PSN.
About PSN
For four decades, PSN has been a top resource for asset and wealth managers. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. For more details visit PSN online to learn more.
About Zephyr
Zephyr‘s award-winning asset and wealth management software offers portfolio construction, proposal generation, advanced analytics, asset allocation, manager screening, risk analysis, portfolio performance and more, transforming multifaceted data into digestible intel. The award-winning technology empowers financial professionals to navigate a bullish or bearish market. Zephyr was honored with the 2024 FinTech Breakthrough Award for Best Overall Analytics Platform. Zephyr’s asset and wealth management software allows asset managers to communicate their strategies more cost-efficiently by using customized, on demand template technology. To learn more about Zephyr, visit ZephyrFinancialSolutions.com.
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SOURCE Zephyr, an Informa Company
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Technology
Horizon Petroleum Ltd. Announces Proposed $2,000,000 Secured Grid Promissory Note and Close of Its Shares for Debt Settlement
Published
21 minutes agoon
October 22, 2026By
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./
CALGARY, AB, Oct. 22, 2026 /CNW/ — Horizon Petroleum Ltd. (the “Company” or “Horizon”) (TSXV: HPL) (FRA: HPM) (Tradegate: HPM) is pleased to announce that it intends to enter into a secured grid promissory note (the “Promissory Note”) with Wilco Investments Ltd., a company controlled by Trevor Williams who is a director of the Company, in the aggregate principal amount of up to CAD $2,000,000.
The proceeds will be used to make deposits on three generators and on production facilities. The generators will have a combined generating capacity of 3 megawatts. This equipment is Horizon’s next investment in its gas to power strategy for its Lachowice natural gas development in Poland.
The Promissory Note will bear interest from the applicable issuance date at 12% per annum. The Promissory Note and accrued interest will be due on December 31, 2026 (the “Maturity Date”). The Maturity Date may be extended by mutual agreement between the parties. The Promissory Note may be prepaid in whole or in part at any time without penalty. The Promissory Note will be immediately due and payable upon completion by the Company of a financing of equity or debt of CAD $5,000,000 or more. The Promissory Note will be secured by Horizon’s electrical generating equipment in Poland.
The closing date is anticipated to be October 22, 2026.
Entering into the Promissory Note and the advance of funds thereunder are subject to the satisfaction of customary conditions, including the approval of the TSXV.
As Trevor Williams is a director of the Company, the Promissory Note will constitute a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemption from the formal valuation requirement pursuant to section 5.5(b) of MI 61-101 as the Company does not have securities listed on a specified market, and on the exemption from the minority shareholder approval requirement pursuant to section 5.7(1)(a) of MI 61-101 as the fair market value of the Promissory Note will not exceed 25% of the Company’s market capitalization.
In addition, the Company announces that it has completed an agreement to settle a total of CAD $524,000 of the Company’s debt (the “Debt”) with certain arm’s length and non-arm’s length parties (the “Shares for Debt Settlement”). The Debt payable to directors and officers of the Company who are Insiders (as such term is defined under the policies of the TSXV) is an aggregate of CAD $465,000 and the Company will settle the same by issuing to such parties 2,657,143 common shares at a deemed price of CAD $0.175 per common share. The Debt payable to arm’s length service providers is an aggregate of CAD $59,000 and the Company will settle the same by issuing to such parties 337,143 common shares at a deemed price of $0.175 per common share.
The Shares for Debt Settlement was approved by disinterested shareholders at the shareholder meeting held on July 28, 2026. All securities issued in connection with the Shares for Debt Settlement will be subject to a statutory four-month hold period in accordance with applicable securities legislation.
The Company has received final approval for the Shares for Debt Settlement from the TSXV.
The Company relied on exemptions from the formal valuation and minority approval requirements of sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation in the Shares for Debt Settlement, based on a determination that fair market value of the participation by insiders did not exceed 25% of the market capitalization of Horizon, as determined in accordance with MI 61-101.
About Horizon Petroleum Ltd.
Calgary-based Horizon Petroleum Ltd. is focused on the appraisal and development of natural gas resources and clean energy opportunities in Europe, with the objective of contributing to European energy independence and security. Horizon is advancing its Polish natural gas assets through a technically focused, phased development strategy designed to unlock their commercial potential. Horizon’s management team and Board of Directors comprise oil and gas, business and finance professionals with significant international experience.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Horizon. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the Company entering into the Promissory Note, the terms of the Promissory Note, the anticipated closing date, reliance on exemptions under MI 61-101, the anticipated use of proceeds and the approval of the TSX-V.
Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances, to differ materially from those anticipated by Horizon and described in the forward-looking information contained in this press release.
Although Horizon believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
SOURCE Horizon Petroleum Ltd.
Technology
BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for October 2026
Published
22 minutes agoon
October 22, 2026By
TORONTO, Oct. 22, 2026 /CNW/ — BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the October 2026 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the “ETF Series”)¹ that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on October 29, 2026, will receive cash distributions payable on November 3, 2026.
The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is October 29, 2026.
Details of the per unit cash distribution amount are as follows:
Monthly Distributions
FUND NAME
FUND TICKER
CASH DISTRIBUTION PER UNIT $
BMO AAA CLO ETF
ZAAA
0.124
BMO AAA CLO ETF (Hedged Units)
ZAAA.F
0.117
BMO AAA CLO ETF (USD Units)*
ZAAA.U
0.120
BMO Aggregate Bond Index ETF
ZAG
0.038
BMO All-Equity ETF (Target Cash Flow Units)
ZEQT.T
0.100
BMO Asset-Backed Securities ETF
ZABS
0.123
BMO Asset-Backed Securities ETF (Hedged Units)
ZABS.F
0.119
BMO Asset-Backed Securities ETF (USD Units)*
ZABS.U
0.119
BMO Balanced ETF (Target Cash Flow Units)
ZBAL.T
0.049
BMO BBB CLO ETF
ZBBZ
0.163
BMO BBB CLO ETF (Hedged Units)
ZBBZ.F
0.155
BMO BBB CLO ETF (USD Units)*
ZBBZ.U
0.158
BMO Canadian Core Plus US Balanced ETF
ZBCB
0.060
BMO Canadian Dividend ETF
ZDV
0.075
BMO Canadian High Dividend Covered Call ETF
ZWC
0.120
BMO Canadian High Dividend Covered Call ETF (Target Cash Flow Units)
ZWC.T
0.333
BMO Canadian MBS Index ETF
ZMBS
0.082
BMO Core Bond Fund (ETF Series)
ZCRB
0.044
BMO Covered Call Canadian Banks ETF
ZWB
0.170
BMO Covered Call Canadian Banks ETF (Target Cash Flow Units)
ZWB.T
0.488
BMO Covered Call Canadian Banks ETF (USD Units)*
ZWB.U
0.210
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF
ZWA
0.150
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF (Target Cash Flow Units)
ZWA.T
0.413
BMO Covered Call Energy ETF
ZWEN
0.220
BMO Covered Call Energy ETF (Target Cash Flow Units)
ZWEN.T
0.488
BMO Covered Call Health Care ETF
ZWHC
0.160
BMO Covered Call Health Care ETF (Target Cash Flow Units)
ZWHC.T
0.413
BMO Covered Call Spread Gold Bullion ETF
ZWGD
0.170
BMO Covered Call Spread Gold Bullion ETF (Target Cash Flow Units)
ZWGD.T
0.333
BMO Covered Call Technology ETF
ZWT
0.350
BMO Covered Call Technology ETF (Target Cash Flow Units)
ZWT.T
0.413
BMO Covered Call US Banks ETF
ZWK
0.160
BMO Covered Call US Banks ETF (Target Cash Flow Units)
ZWK.T
0.450
BMO Covered Call Utilities ETF
ZWU
0.070
BMO Covered Call Utilities ETF (Target Cash Flow Units)
ZWU.T
0.625
BMO Credit Stress Opportunities ETF
ZCDX
0.000
BMO Credit Stress Opportunities ETF (USD Units)*
ZCDX.U
0.000
BMO Discount Bond Index ETF
ZDB
0.022
BMO Emerging Markets Bond Hedged to CAD Index ETF
ZEF
0.045
BMO Emerging Markets Bond Fund (ETF Series)
ZEMB
0.053
BMO Equal Weight Banks Index ETF
ZEB
0.150
BMO Equal Weight REITs Index ETF
ZRE
0.090
BMO Equal Weight Utilities Index ETF
ZUT
0.071
BMO Europe High Dividend Covered Call ETF
ZWP
0.110
BMO Europe High Dividend Covered Call ETF (Target Cash Flow Units)
ZWP.T
0.333
BMO Europe High Dividend Covered Call Hedged to CAD ETF
ZWE
0.120
BMO Europe High Dividend Covered Call Hedged to CAD ETF (Target Cash Flow Units)
ZWE.T
0.333
BMO Floating Rate High Yield ETF
ZFH
0.062
BMO Global Dividend Opportunities Fund (Active ETF Series)
ZGDV
0.034
BMO Global Enhanced Income Fund (ETF Series)
ZWQT
0.085
BMO Global High Dividend Covered Call ETF
ZWG
0.190
BMO Global High Dividend Covered Call ETF (Target Cash Flow Units)
ZWG.T
0.333
BMO Global Infrastructure Fund (Active ETF Series)
ZGIF
0.050
BMO Global REIT Fund (Active ETF Series)
ZGRT
0.055
BMO Government Bond Index ETF
ZGB
0.111
BMO Growth ETF (Target Cash Flow Units)
ZGRO.T
0.058
BMO High Yield US Corporate Bond Hedged to CAD Index ETF
ZHY
0.060
BMO High Yield US Corporate Bond Index ETF
ZJK
0.103
BMO High Yield US Corporate Bond Index ETF (USD Units)*
ZJK.U
0.098
BMO International Dividend ETF
ZDI
0.085
BMO International Dividend Hedged to CAD ETF
ZDH
0.085
BMO Laddered Preferred Share Index ETF
ZPR
0.060
BMO Laddered Preferred Share Index ETF (USD Units)*
ZPR.U
0.096
BMO Long Corporate Bond Index ETF
ZLC
0.053
BMO Long Federal Bond Index ETF
ZFL
0.027
BMO Long Provincial Bond Index ETF
ZPL
0.034
BMO Mid Corporate Bond Index ETF
ZCM
0.055
BMO Mid Federal Bond Index ETF
ZFM
0.035
BMO Mid Provincial Bond Index ETF
ZMP
0.043
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF
ZMU
0.049
BMO Mid-Term US IG Corporate Bond Index ETF
ZIC
0.071
BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)*
ZIC.U
0.052
BMO Money Market Fund (ETF Series)
ZMMK
0.100
BMO Monthly Income ETF
ZMI
0.049
BMO Monthly Income ETF (USD Units)*
ZMI.U
0.026
BMO MSCI Canada IMI High Dividend Yield Index ETF
ZDIV
0.108
BMO Premium Yield ETF
ZPAY
0.200
BMO Premium Yield ETF (Hedged Units)
ZPAY.F
0.175
BMO Premium Yield ETF (USD Units)*
ZPAY.U
0.180
BMO Real Return Bond Index ETF
ZRR
0.060
BMO Short Corporate Bond Index ETF
ZCS
0.047
BMO Short Federal Bond Index ETF
ZFS
0.028
BMO Short Provincial Bond Index ETF
ZPS
0.024
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF
ZSU
0.050
BMO Strategic Autocallable Income US Large Cap ETF
ZACU
0.305
BMO Strategic Autocallable Income US Large Cap ETF (Hedged Units)
ZACU.F
0.305
BMO Strategic Autocallable Income US Large Cap ETF (USD Units)*
ZACU.U
0.305
BMO Ultra Short-Term Bond ETF
ZST
0.110
BMO Ultra Short-Term US Bond ETF (USD Units)*
ZUS.U
0.178
BMO US Aggregate Bond Index ETF
ZUAG
0.075
BMO US Aggregate Bond Index ETF (Hedged Units)
ZUAG.F
0.069
BMO US Aggregate Bond Index ETF (USD Units)*
ZUAG.U
0.072
BMO US Dividend ETF
ZDY
0.080
BMO US Dividend ETF (USD Units)*
ZDY.U
0.060
BMO US Dividend Growth ETF
ZBDU
0.070
BMO US Dividend Growth ETF (Hedged Units)
ZBDU.F
0.070
BMO US Dividend Hedged to CAD ETF
ZUD
0.055
BMO US High Dividend Covered Call ETF
ZWH
0.140
BMO US High Dividend Covered Call ETF (Target Cash Flow Units)
ZWH.T
0.413
BMO US High Dividend Covered Call ETF (USD Units)*
ZWH.U
0.140
BMO US High Dividend Covered Call Hedged to CAD ETF
ZWS
0.120
BMO US High Dividend Covered Call Hedged to CAD ETF (Target Cash Flow Units)
ZWS.T
0.413
BMO US Preferred Share Hedged to CAD Index ETF
ZHP
0.080
BMO US Preferred Share Index ETF
ZUP
0.096
BMO US Preferred Share Index ETF (USD Units)*
ZUP.U
0.090
BMO US Put Write ETF
ZPW
0.125
BMO US Put Write ETF (USD Units)*
ZPW.U
0.125
BMO US Put Write Hedged to CAD ETF
ZPH
0.120
BMO USD Cash Management ETF
ZUCM
0.108
BMO USD Cash Management ETF (USD Units)*
ZUCM.U
0.104
*Cash distribution per unit ($) amounts are USD for ZAAA.U, ZABS.U, ZBBZ.U, ZWB.U, ZCDX.U, ZJK.U, ZPR.U, ZIC.U, ZMI.U, ZPAY.U, ZACU.U, ZUS.U, ZUAG.U, ZDY.U, ZWH.U, ZUP.U, ZPW.U, ZUCM.U.
1 BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a portfolio manager, and a separate legal entity from Bank of Montreal. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., an investment fund manager and a separate legal entity from Bank of Montreal
Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent prospectus.
This communication is for information purposes. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.
The BMO ETFs or securities referred to herein (ZDIV) are not sponsored, endorsed or promoted by MSCI Inc. (MSCI), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.
The Dow Jones Industrial Index is a product of S&P Dow Jones Indices LLC or its affiliates (SPDJI), and has been licensed for use by BMO Asset Management Inc. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones), and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by BMO Asset Management Inc. The relevant BMO ETF (ZWA, ZWA.T) is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s), nor do they have any liability for any errors, omissions, or interruptions of the Index.
BLOOMBERG® and the Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (BISL), the administrator of the index (collectively, Bloomberg) and have been licensed for use for certain purposes by BMO Asset Management Inc. Bloomberg is not affiliated with BMO Asset Management Inc., and Bloomberg does not approve, endorse, review, or recommend any BMO ETFs. Bloomberg does not guarantee the timeliness, accuracy or completeness of any data or information relating to the BMO ETFs.
BMO ETFs are not in any way sponsored, endorsed, sold or promoted by FTSE Global Debt Capital Markets Inc. (FGDCM), FTSE International Limited (FTSE), Frank Russell Company (Frank Russell), FTSE Fixed Income LLC (FTSE FI) or the London Stock Exchange Group companies (together with FGDCM, FTSE, Frank Russell and FTSE FI, the Licensor Parties). The Licensor Parties make no claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE BMO ETF Indices, (ii) the figure at which any of the FTSE BMO ETF Indices stands at any particular time on any particular day or otherwise, or (iii) the suitability of an Underlying Index for the particular purpose to which it is being put in connection with the FTSE BMO ETFs. Each of the FTSE BMO ETF Indices is compiled and calculated by FGDCM of FTSE and all copyright in any of the FTSE BMO ETF Indices values and constituent lists vests in FGDCM or FTSE, respectively. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in any of the FTSE BMO ETF Indices and the Licensor Parties shall not be under any obligation to advise any person of any error therein. FTSE® is a trade mark of the London Stock Exchange Group companies and is used under licence.
Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series units of the BMO Mutual Funds. Please read the ETF facts, fund facts or prospectus of the relevant BMO ETF or ETF Series of BMO Mutual Fund before investing. BMO ETFs and ETF Series units of the BMO Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. BMO ETFs and ETF Series units may be bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.
Distributions are not guaranteed and are subject to change and/or elimination depending on market conditions. The payment of distributions should not be confused with an investment fund’s performance, rate of return or yield. If distributions paid by an investment fund are greater than the performance of the fund, investors’ original investment will shrink. Distributions of net income and net taxable gains of a BMO ETF or an ETF Series will be included in the unitholder’s income for tax purposes in the year they are paid, whether or not such amounts are reinvested in additional units. A unitholder’s adjusted cost base (“ACB”) will be reduced by the amount of any return of capital (“ROC”). If a unitholder’s ACB goes below zero, such unitholder will have to pay capital gains tax on the amount below zero. Please refer to the summary of the principal income tax considerations set out in the prospectus for the relevant BMO ETF or ETF Series. Investors should also consult their own tax advisors about their individual circumstances.
The Target Cash Flow Units are subject to capital depletion risk. Target Cash Flow Units make monthly distributions of a fixed amount which may be comprised of, in whole or in part, a ROC. A ROC reduces the amount of an original investment and may result in the return to investors of the entire amount of an original investment.
The Target Cash Flow Units’ monthly distribution dollar amount is reset at the beginning of each calendar year. The dollar amount is a factor of the annualized distribution rate for the Target Cash Flow Units (which is the rate set out in the individual BMO ETF profiles in the applicable BMO ETF’s prospectus), the net asset value per unit of a series of a BMO ETF (NAVPS) as of the end of the previous calendar year, and the number of Target Cash Flow Units of the BMO ETF held at the time of the distribution. Although not expected, we may also adjust the monthly distribution during the year, if capital market conditions have significantly affected the ability of the BMO ETF to maintain the applicable distribution. If we make any such adjustment to the monthly distribution, we will issue a press release to communicate the change. The distribution rate applicable to the Target Cash Flow Units may be higher than the rate of return or the portfolio yield of the BMO ETF that offers such units. As a result, if you elect to receive some or all of the regular monthly distributions in cash, the value of your investment in the BMO ETF may decline over time.
For a summary of the risks of an investment in the BMO ETFs or ETF Series units of the BMO Mutual Funds, please see the specific risks set out in the relevant ETF facts, fund facts or prospectus. BMO ETFs and ETF Series units of the BMO Mutual Funds trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss.
BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a portfolio manager, and a separate legal entity from Bank of Montreal. BMO Mutual Funds are managed by BMO Investments Inc., an investment fund manager and a separate legal entity from Bank of Montreal.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.
“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.
Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmoetfs.com.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.
SOURCE BMO Financial Group
Technology
ACL Digital Launches AgentixCare, a Human-in-the-Loop Agentic AI Platform for Healthcare Payers, Providers, and MedTech
Published
22 minutes agoon
October 22, 2026By
The AI-first platform applies agentic AI, generative AI, and predictive models across clinical care, revenue cycle management, and connected MedTech, with humans in control of every critical decision.
SAN JOSE, Calif., Oct. 22, 2026 /PRNewswire/ — ACL Digital, part of the ALTEN Group, today announced the launch of AgentixCare, a Human-in-the-Loop (HITL) Agentic AI platform for healthcare payers, providers, and MedTech organizations. A trusted AI-led Digital Enterprise & Systems Engineering Partner, ACL Digital drives innovation by designing and building intelligent systems across the full technology stack, from chip-to-cloud.
Traditional healthcare platforms record what happened but rarely act on it. Fragmented EHRs, manual prior authorizations, rising claim denials, and disconnected device data bury clinicians in documentation and leave revenue teams chasing paperwork. AgentixCare closes that gap, cutting costs by up to 30–50% while improving productivity, care quality, cash flow, and asset uptime, with HITL oversight at every decision point.
“Healthcare does not need another dashboard. It needs AI that does real clinical, financial, and operational work, safely. AgentixCare puts autonomous agents to work on the tasks that slow care down, from prior authorizations to denials to documentation, while keeping clinicians firmly in control. That is how our clients will move from AI pilots to measurable outcomes in weeks, not years,” said Ramandeep Singh, CEO of ACL Digital.
Unlike point solutions that bolt AI onto legacy workflows, the platform is built AI-first. Its agents assess data, gather clinical and policy evidence, assemble submissions, trace root causes, and recommend next-best actions.
End-to-End Coverage Across the Healthcare Value Chain
Clinical Care & Intelligence: EHR-ready AI notes, predictive early warnings, real-time clinical decision support (CDS), and formulary mapping.Agentic Revenue Cycle & Payer Operations: Electronic prior authorization and end-to-end claim and denial management, from scrubbing to recovery and reconciliation.Intelligent Connected MedTech: Predictive maintenance, performance analytics, a GenAI copilot for surgical robotics fleets, and infusion pump monitoring.AI-Governed Trust, Risk & Compliance: A compliance copilot for HIPAA and HITECH readiness.Future-Ready Interoperability: HL7 v2, FHIR R4, and SMART on FHIR connectors for leading enterprise and open-source EMRs.
The platform is designed to significantly reduce manual prior authorization work and administrative costs, speed up routine authorization decisions, cut claim denials and unplanned device downtime, catch more patient anomalies, and deliver faster answers through AI copilots and natural language processing.
“We engineered AgentixCare the way we build medical-grade systems: interoperable from day one, secure by design, and governed end to end. Every agent works on FHIR and HL7 data, every recommendation shows its evidence, and every action is approved and recorded. That combination of agentic AI and Human-in-the-Loop governance is what makes enterprise adoption fast and safe,” said Suresh Venkateswaran, Head – Digital Product Engineering Services at ACL Digital.
AgentixCare draws on ACL Digital’s decades of domain and product engineering experience with healthcare, life sciences, and medical device companies. Developed by the company’s Healthcare Center of Excellence, it combines first-hand knowledge of Clinical, Payer, and MedTech workflows with interoperability standards and responsible AI practices.
AgentixCare is available now for pilot programs. To request a demonstration, visit AgentixCare programs.
About ACL Digital
ACL Digital, part of the ALTEN Group, is a trusted AI-led Digital Enterprise & Systems Engineering Partner driving innovation by designing and building intelligent systems across the full technology stack from chip to cloud. By integrating AI and data-powered solutions, we help enterprises accelerate digital transformation, optimize operations, and achieve scalable business outcomes. Partner with us to turn complexity into clarity and shape the future of your organization. Learn more at www.acldigital.com.
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SOURCE ACL Digital
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