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Overview

Fund Profile

Key Facts

Fund Ticker ZCPB
Net Assets (Mn)
(Feb 25, 2020)
$ 983.57
Base Currency CAD
Closing Market Price $ 32.52
12-Month Low/High (Market Price) $ 30.27 / $ 32.52
Closing NAV Price
(Feb 25, 2020)
$ 32.4290
12-Month Low/High (Price (NAV)) $ 30.4378 / $ 32.4597
Weighted Average Term (Years) 10.74
Weighted Average Coupon (%) 3.02%
Annualized Distribution Yield
(Jan 31, 2020)

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

2.49%
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.

2.06%
Weighted Average Duration (Years) 8.17
Maximum Annual Management Fee 0.50%
Management Expense Ratio 0.56%
Market Volume 5,509
Distribution Frequency Quarterly
Options Available No
Inception Date May 29, 2018
Fiscal Year-End September 30
Units Outstanding (000's) 30,330
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)
(Feb 25, 2020)
$ 983.57
Market Price $ 32.52
12-Month Low/High (Market Price) $ 30.27 / $ 32.52
Price (NAV) $ 32.4290
12-Month Low/High (Price (NAV)) $ 30.4378 / $ 32.4597
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 32.52 $ 0.01 0.03%
Price (NAV) $ 32.4290 $ -0.0307 -0.09%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 8.49% - - - - 6.03%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018
NAV 3.08% 6.07% 0.89%
Index - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.08% 3.08% 2.21% 3.00% 8.49% - - - - 10.31%
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 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
Download Distribution Tax (Excel)
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 Jan 31, 2020

Fixed Income

98.08%

Stock

0.16%

Cash and Cash Equivalents

1.76%

Number of Holdings

260

Total Net Assets

$ 983,573,550.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
14.98% BDXNAIG33 CDS USD R V 00MEVENT - 414,357,458 USD 1.00 12/20/2024 535,470,017 - Fixed Income
10.62% CANADIAN GOVERNMENT BOND 2.25% 01Jun2029 CA135087J397 348,394,000 CAD 2.25 06/01/2029 379,559,731 - Fixed Income
7.63% CANADIAN GOVERNMENT BOND 2.75% 01Dec2048 CA135087D358 207,217,000 CAD 2.75 12/01/2048 272,852,536 - Fixed Income
5.53% PROVINCE OF ONTARIO CANADA 2.9% 02Jun2049 CA68333ZAA53 171,659,000 CAD 2.90 06/02/2049 197,571,953 - Fixed Income
4.02% CANADIAN GOVERNMENT BOND 2.25% 01Mar2024 CA135087J546 137,301,000 CAD 2.25 03/01/2024 143,637,693 - Fixed Income
3.44% PROVINCE OF QUEBEC CANADA 3.5% 01Dec2048 CA74814ZEW91 96,000,000 CAD 3.50 12/01/2048 123,051,753 - Fixed Income
3.29% PROVINCE OF ONTARIO CANADA 2.7% 02Jun2029 CA68333ZAE75 110,000,000 CAD 2.70 06/02/2029 117,730,355 - Fixed Income
2.05% PROVINCE OF QUEBEC CANADA 2.3% 01Sep2029 CA74814ZFF59 70,000,000 CAD 2.30 09/01/2029 73,120,512 - Fixed Income
1.48% PROVINCE OF BRITISH COLUMBIA CANADA 2.8% 18Jun2048 CA11070TAG37 46,298,000 CAD 2.80 06/18/2048 52,850,374 - Fixed Income
1.40% CASH - 1 CAD - - 49,931,099 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Credit Allocation

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