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Overview

Fund Profile

Key Facts

Fund Ticker ZCPB
Net Assets (Mn)
(Dec 03, 2020)
$ 1,143.55
Base Currency CAD
Closing Market Price $ 33.00
12-Month Low/High (Market Price) $ 30.85 / $ 33.89
Closing NAV Price
(Dec 03, 2020)
$ 33.0459
12-Month Low/High (Price (NAV)) $ 31.1639 / $ 33.7267
Weighted Average Term (Years) 10.43
Weighted Average Coupon (%) 2.72%
Annualized Distribution Yield
(Oct 30, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

2.44%
Weighted Average Yield to Maturity (%)

Weighted Average Yield to Maturity: The market value weighted average yield to maturity includes the coupon payments and any capital gain or loss that the investor will realize by holding the bonds to maturity.

1.47%
Weighted Average Duration (Years) 8.13
Maximum Annual Management Fee 0.50%
Management Expense Ratio 0.56%

Management Expense Ratios (MERs) are the audited MERs as of December 31, 2019.

Market Volume 21,392
Distribution Frequency Quarterly
Options Available No
Inception Date May 29, 2018
Fiscal Year-End September 30
Units Outstanding (000's) 34,605
Index -
Exchange Toronto Stock Exchange
CUSIP 055656102
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The ETF primarily invests in Canadian fixed income and actively seeks to capitalize on yield curve positioning, duration management, sector diversification, and security selection. With access to extensive expertise across fixed income, the ETF also tactically invests in foreign bonds, currency, and employ overlay strategies.

Fund Benefits

  • Designed for investors looking for reliable income and growth potential
  • Invested primarily in a diversified portfolio of core Canadian bonds
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Dec 03, 2020)
$ 1,143.55
Market Price $ 33.00
12-Month Low/High (Market Price) $ 30.85 / $ 33.89
Price (NAV) $ 33.0459
12-Month Low/High (Price (NAV)) $ 31.1639 / $ 33.7267
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 33.00 $ -0.01 -0.03%
Price (NAV) $ 33.0459 $ 0.0487 0.15%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 7.02% 7.98% - - - 6.10%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Nov 30, 2020

YTD 2019 2018
NAV 8.41% 6.07% 0.89%
Index - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 8.41% 1.06% 0.56% 2.63% 7.02% 16.59% - - - 16.01%
Index - - - - - - - - - -

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Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

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Distribution Period

Future distribution dates may change without any prior notice.

Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Total Distribution Per Unit
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.200000 0.000000 0.200000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.200000 0.000000 0.200000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.200000 0.000000 0.200000
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Nov 30, 2020

Fixed Income

95.33%

Stock

0.20%

Cash and Cash Equivalents

4.47%

Number of Holdings

291

Total Net Assets

$ 1,143,553,076.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
7.85% CANADIAN GOVERNMENT BOND 1.25% 01Jun2030 CA135087K379 280,721,000 CAD 1.25 06/01/2030 297,251,958 - Fixed Income
7.39% B1703327 CDS USD R V 03MEVENT - 215,424,000 USD 1.00 12/20/2025 279,771,149 - Fixed Income
5.30% PROVINCE OF ONTARIO CANADA 2.9% 02Jun2049 CA68333ZAA53 166,659,000 CAD 2.90 06/02/2049 200,735,260 - Fixed Income
4.32% PROVINCE OF QUEBEC CANADA 3.1% 01Dec2051 CA74814ZFE84 128,497,000 CAD 3.10 12/01/2051 163,558,526 - Fixed Income
3.40% CANADIAN GOVERNMENT BOND 2.25% 01Mar2024 CA135087J546 120,449,000 CAD 2.25 03/01/2024 128,688,586 - Fixed Income
3.40% PROVINCE OF ONTARIO CANADA 2.05% 02Jun2030 CA68333ZAH07 119,850,000 CAD 2.05 06/02/2030 128,604,088 - Fixed Income
3.23% PROVINCE OF QUEBEC CANADA 1.9% 01Sep2030 CA74814ZFG33 115,583,000 CAD 1.90 09/01/2030 122,251,613 - Fixed Income
2.82% CANADIAN GOVERNMENT BOND 2% 01Dec2051 CA135087H722 87,320,000 CAD 2.00 12/01/2051 106,934,982 - Fixed Income
2.34% CANADIAN GOVERNMENT BOND 1.5% 01Sep2024 CA135087J967 84,698,000 CAD 1.50 09/01/2024 88,660,446 - Fixed Income
2.23% PROVINCE OF ONTARIO CANADA 2.65% 02Dec2050 CA68333ZAG24 73,000,000 CAD 2.65 12/02/2050 84,541,828 - Fixed Income

Holdings Breakdown

Sector Allocation

Geographic Allocation

Credit Allocation

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