Larry Berman CFA, CMT, CTA BMO Low Volatility US Equity Hedged to CAD ETF ZLH-T HOLD Mar 12, 2018

The withholding of tax is done before distribution. The ETF gets some rebates. Interest sensitive stocks that are low volatile have squeezed profit margins. Most of the time this is a good strategy but interest rates are rising so it does not mean it will not go down.