The BMO MSCI USA Value Index ETF has been designed to replicate to the extent possible, the performance of the MSCI USA Enhanced Value Capped Index, net of expenses. The ETF invests in U.S. companies that have higher value characteristics based on; price-to-book value, price-to-forward earnings and enterprise value-to cash flow from operations. The Fund may also invest in or hold securities intended to replicate the performance of the Index.