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Overview

Fund Profile

Key Facts

Fund Ticker ZEF
Net Assets (Mn)
(Dec 03, 2020)
$ 396.63
Base Currency CAD
Closing Market Price $ 15.60
12-Month Low/High (Market Price) $ 12.28 / $ 15.88
Closing NAV Price
(Dec 03, 2020)
$ 15.5991
12-Month Low/High (Price (NAV)) $ 13.6725 / $ 15.8063
Weighted Average Term (Years) 6.11
Weighted Average Coupon (%) 4.61%
Annualized Distribution Yield
(Nov 20, 2020)

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

4.22%
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.

2.43%
Weighted Average Duration (Years) 5.12
Maximum Annual Management Fee 0.50%
Management Expense Ratio 0.55%
Market Volume 23,926
Distribution Frequency Monthly
Options Available No
Inception Date May 21, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 25,426
Index Bloomberg Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Cap Index CAD Hgd
Exchange TSX
CUSIP 05560F107
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Emerging Markets Bond Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Capped Index CAD Hedged, net of expenses. The Fund invests in a diversified basket of US dollar denominated sovereign debt from emerging markets issuers by including up to three bonds per emerging market country. The US dollar exposure is hedged back to Canadian dollars.

Benchmark info

The Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Capped Index CAD Hedged is a diversified basket of US dollar denominated sovereign debt from emerging market issuers. The basket is designed to be broad-based in its coverage of emerging market sovereign issuers, yet tradable by including up to three bonds per emerging market country and diversified by capping and flooring both the region and country exposures in the index according to the index rules. The index is comprised of securities with a term to maturity of between 18 months and no more than 10 years. The Index is weighted by gross domestic product as a measure of economy size. The US dollar exposure is hedged back to Canadian dollars.

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of U.S. dollar emerging market bonds
  • Includes bonds with 18 months to ten years to maturity
  • Currency is hedged back to Canadian dollars
  • 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)
$ 396.63
Market Price $ 15.60
12-Month Low/High (Market Price) $ 12.28 / $ 15.88
Price (NAV) $ 15.5991
12-Month Low/High (Price (NAV)) $ 13.6725 / $ 15.8063
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 15.60 $ 0.01 0.06%
Price (NAV) $ 15.5991 $ 0.0196 0.13%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 6.14% 6.76% 2.66% 3.54% 4.76% 5.35%
Index 6.18% 7.31% 2.89% 3.65% 4.91% 5.57%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 4.72% 7.24% -3.99% 4.65% 6.96% 2.86% 8.68% -4.71% 15.93% 7.11%
Index 4.63% 8.55% -4.25% 4.69% 6.50% 3.39% 8.02% -4.66% 16.69% 7.79%
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 4.72% 2.26% 1.62% 5.53% 6.14% 13.97% 8.18% 19.00% 59.23% 73.21%
Index 4.63% 2.21% 1.57% 5.79% 6.18% 15.15% 8.92% 19.63% 61.47% 77.10%

The ETF started tracking the Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Capped Index CAD Hedged on June 1, 2015. Previously it was tracking the Barclays Emerging Markets Tradable USD Sovereign Bond Index CAD Hedged.

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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
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.062000 0.000000 0.062000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.062000 0.000000 0.062000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.062000 0.000000 0.062000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.062000 0.000000 0.062000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.060000 0.000000 0.060000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.060000 0.000000 0.060000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.055000 0.000000 0.055000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.055000 0.000000 0.055000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.055000 0.000000 0.055000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.055000 0.000000 0.055000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.055000 0.000000 0.055000
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 Dec 03, 2020

Fixed Income

99.47%

Cash and Cash Equivalents

0.53%

Number of Holdings

59

Total Net Assets

$ 396,626,688.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.69% TURKEY GOVERNMENT INTERNATIONAL BOND 5.25% 13Mar2030 US900123CY43 11,500,000 USD 5.25 03/13/2030 14,621,910 Government Bonds Fixed Income
3.62% CHINA GOVERNMENT INTERNATIONAL BOND 1.88% 03Dec2022 XS2084424063 10,834,000 USD 1.88 12/03/2022 14,369,345 Government Bonds Fixed Income
3.55% INDONESIA GOVERNMENT INTERNATIONAL BOND 4.75% 08Jan2026 USY20721BN86 9,200,000 USD 4.75 01/08/2026 14,082,588 Government Bonds Fixed Income
3.54% MEXICO GOVERNMENT INTERNATIONAL BOND 4.5% 22Apr2029 US91087BAF76 9,400,000 USD 4.50 04/22/2029 14,058,767 Government Bonds Fixed Income
3.52% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.5% 30May2029 US105756CA66 9,800,000 USD 4.50 05/30/2029 13,953,239 Government Bonds Fixed Income
3.52% TURKEY GOVERNMENT INTERNATIONAL BOND 5.6% 14Nov2024 US900123CW86 10,500,000 USD 5.60 11/14/2024 13,967,984 Government Bonds Fixed Income
3.50% MEXICO GOVERNMENT INTERNATIONAL BOND 3.25% 16Apr2030 US91087BAH33 10,100,000 USD 3.25 04/16/2030 13,892,897 Government Bonds Fixed Income
3.41% MEXICO GOVERNMENT INTERNATIONAL BOND 4.13% 21Jan2026 US91086QBG29 9,150,000 USD 4.13 01/21/2026 13,532,299 Government Bonds Fixed Income
3.41% INDONESIA GOVERNMENT INTERNATIONAL BOND 3.85% 18Jul2027 USY20721BT56 9,100,000 USD 3.85 07/18/2027 13,534,225 Government Bonds Fixed Income
3.39% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.25% 07Jan2025 US105756BV13 9,425,000 USD 4.25 01/07/2025 13,461,955 Government Bonds Fixed Income
3.37% RUSSIAN FOREIGN BOND - EUROBOND 4.75% 27May2026 RU000A0JWHA4 9,000,000 USD 4.75 05/27/2026 13,371,414 Government Bonds Fixed Income
3.36% INDONESIA GOVERNMENT INTERNATIONAL BOND 2.85% 14Feb2030 US455780CQ75 9,500,000 USD 2.85 02/14/2030 13,320,305 Government Bonds Fixed Income
3.33% TURKEY GOVERNMENT INTERNATIONAL BOND 7.25% 23Dec2023 US900123CR91 9,250,000 USD 7.25 12/23/2023 13,207,584 Government Bonds Fixed Income
3.31% CHINA GOVERNMENT INTERNATIONAL BOND 1.95% 03Dec2024 XS2084424493 9,700,000 USD 1.95 12/03/2024 13,115,664 Government Bonds Fixed Income
3.24% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 6% 07Apr2026 US105756BX78 8,350,000 USD 6.00 04/07/2026 12,862,305 Government Bonds Fixed Income
3.09% KSA SUKUK LTD 2.97% 29Oct2029 XS2072816114 8,850,000 USD 2.97 10/29/2029 12,271,157 - Fixed Income
3.05% RUSSIAN FOREIGN BOND - EUROBOND 12.75% 24Jun2028 XS0088543193 5,300,000 USD 12.75 06/24/2028 12,083,551 Government Bonds Fixed Income
3.05% KSA SUKUK LTD 3.63% 20Apr2027 XS1599284202 8,400,000 USD 3.63 04/20/2027 12,105,123 - Fixed Income
2.98% SAUDI GOVERNMENT INTERNATIONAL BOND 2.5% 03Feb2027 XS2109766126 8,650,000 USD 2.50 02/03/2027 11,832,612 Government Bonds Fixed Income
2.67% CHINA GOVERNMENT INTERNATIONAL BOND 2.13% 03Dec2029 XS2084425110 7,700,000 USD 2.13 12/03/2029 10,575,395 Government Bonds Fixed Income
2.30% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 4% 22Jan2024 US857524AC63 6,300,000 USD 4.00 01/22/2024 9,117,445 Government Bonds Fixed Income
2.24% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 3.25% 06Apr2026 US731011AU68 6,100,000 USD 3.25 04/06/2026 8,894,357 Government Bonds Fixed Income
2.14% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 3% 17Mar2023 US731011AT95 6,200,000 USD 3.00 03/17/2023 8,495,622 Government Bonds Fixed Income
1.76% ABU DHABI GOVERNMENT INTERNATIONAL BOND 2.5% 30Sep2029 XS2057865979 5,000,000 USD 2.50 09/30/2029 6,965,995 Government Bonds Fixed Income
1.60% ABU DHABI GOVERNMENT INTERNATIONAL BOND 3.13% 11Oct2027 XS1696892295 4,400,000 USD 3.13 10/11/2027 6,365,036 Government Bonds Fixed Income
1.54% ABU DHABI GOVERNMENT INTERNATIONAL BOND 2.13% 30Sep2024 XS2057865896 4,500,000 USD 2.13 09/30/2024 6,091,977 Government Bonds Fixed Income
1.45% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 4.2% 21Jan2024 US718286BY27 3,950,000 USD 4.20 01/21/2024 5,746,411 Government Bonds Fixed Income
1.42% COLOMBIA GOVERNMENT INTERNATIONAL BOND 4.5% 15Mar2029 US195325DP79 3,800,000 USD 4.50 03/15/2029 5,640,085 Government Bonds Fixed Income
1.38% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3.75% 14Jan2029 US718286CG02 3,600,000 USD 3.75 01/14/2029 5,459,432 Government Bonds Fixed Income
1.34% PAKISTAN GOVERNMENT INTERNATIONAL BOND 6.88% 05Dec2027 XS1729875598 4,000,000 USD 6.88 12/05/2027 5,326,039 Government Bonds Fixed Income
1.32% COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.88% 25Apr2027 US195325DL65 3,700,000 USD 3.88 04/25/2027 5,250,766 Government Bonds Fixed Income
1.31% PAKISTAN GOVERNMENT INTERNATIONAL BOND 8.25% 15Apr2024 XS1056560920 3,700,000 USD 8.25 04/15/2024 5,214,796 Government Bonds Fixed Income
1.26% THIRD PAKISTAN INTERNATIONAL SUKUK CO LTD/THE 5.63% 05Dec2022 XS1729876059 3,800,000 USD 5.63 12/05/2022 4,991,868 - Fixed Income
1.23% COLOMBIA GOVERNMENT INTERNATIONAL BOND 4% 26Feb2024 US195325BQ70 3,500,000 USD 4.00 02/26/2024 4,890,278 Government Bonds Fixed Income
1.14% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 9.5% 02Feb2030 US718286AY36 2,100,000 USD 9.50 02/02/2030 4,535,649 Government Bonds Fixed Income
0.86% RUSSIAN FOREIGN BOND - EUROBOND 7.5% 31Mar2030 XS0114288789 2,244,000 USD 7.50 03/31/2030 3,396,262 Government Bonds Fixed Income
0.55% ROMANIAN GOVERNMENT INTERNATIONAL BOND 4.88% 22Jan2024 US77586TAD81 1,500,000 USD 4.88 01/22/2024 2,184,553 Government Bonds Fixed Income
0.51% URUGUAY GOVERNMENT INTERNATIONAL BOND 4.5% 14Aug2024 US760942AZ58 1,400,000 USD 4.50 08/14/2024 2,007,118 Government Bonds Fixed Income
0.50% ROMANIAN GOVERNMENT INTERNATIONAL BOND 4.38% 22Aug2023 US77586TAC09 1,400,000 USD 4.38 08/22/2023 1,983,685 Government Bonds Fixed Income
0.46% URUGUAY GOVERNMENT INTERNATIONAL BOND 4.38% 27Oct2027 US760942BB71 1,200,000 USD 4.38 10/27/2027 1,820,984 Government Bonds Fixed Income
0.42% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2025 XS1303925470 1,150,000 USD 7.75 09/01/2025 1,677,612 Government Bonds Fixed Income
0.41% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2027 XS1303927179 1,100,000 USD 7.75 09/01/2027 1,623,346 Government Bonds Fixed Income
0.41% OMAN GOVERNMENT INTERNATIONAL BOND 6% 01Aug2029 XS1944412748 1,200,000 USD 6.00 08/01/2029 1,607,519 Government Bonds Fixed Income
0.40% SRI LANKA GOVERNMENT INTERNATIONAL BOND 6.85% 03Nov2025 USY8137FAE89 2,000,000 USD 6.85 11/03/2025 1,575,018 Government Bonds Fixed Income
0.39% DOMINICAN REPUBLIC INTERNATIONAL BOND 6.88% 29Jan2026 USP3579EBK21 1,000,000 USD 6.88 01/29/2026 1,543,344 Government Bonds Fixed Income
0.39% DOMINICAN REPUBLIC INTERNATIONAL BOND 4.5% 30Jan2030 USP3579ECF27 1,100,000 USD 4.50 01/30/2030 1,529,511 Government Bonds Fixed Income
0.38% BAHRAIN GOVERNMENT INTERNATIONAL BOND 6.75% 20Sep2029 XS1675862012 1,000,000 USD 6.75 09/20/2029 1,493,150 Government Bonds Fixed Income
0.36% DOMINICAN REPUBLIC INTERNATIONAL BOND 5.5% 27Jan2025 USP3579EBD87 1,000,000 USD 5.50 01/27/2025 1,439,286 Government Bonds Fixed Income
0.36% HUNGARY GOVERNMENT INTERNATIONAL BOND 5.38% 21Feb2023 US445545AH91 1,000,000 USD 5.38 02/21/2023 1,436,992 Government Bonds Fixed Income
0.36% BAHRAIN GOVERNMENT INTERNATIONAL BOND 6.13% 01Aug2023 XS0956406135 1,000,000 USD 6.13 08/01/2023 1,409,179 Government Bonds Fixed Income
0.35% SRI LANKA GOVERNMENT INTERNATIONAL BOND 5.75% 18Apr2023 USY8137FAK40 1,600,000 USD 5.75 04/18/2023 1,376,112 Government Bonds Fixed Income
0.35% OMAN SOVEREIGN SUKUK CO 5.93% 31Oct2025 XS1799523276 1,000,000 USD 5.93 10/31/2025 1,401,495 Government Bonds Fixed Income
0.34% CBB INTERNATIONAL SUKUK PROGRAMME CO SPC 4.5% 30Mar2027 XS2058943734 1,000,000 USD 4.50 03/30/2027 1,360,268 - Fixed Income
0.34% HUNGARY GOVERNMENT INTERNATIONAL BOND 5.38% 25Mar2024 US445545AL04 900,000 USD 5.38 03/25/2024 1,333,957 Government Bonds Fixed Income
0.34% SRI LANKA GOVERNMENT INTERNATIONAL BOND 7.55% 28Mar2030 USY8137FAR92 1,800,000 USD 7.55 03/28/2030 1,358,376 Government Bonds Fixed Income
0.33% HUNGARY GOVERNMENT INTERNATIONAL BOND 5.75% 22Nov2023 US445545AJ57 900,000 USD 5.75 11/22/2023 1,323,765 Government Bonds Fixed Income
0.33% OMAN SOVEREIGN SUKUK CO 4.4% 01Jun2024 XS1620176831 1,000,000 USD 4.40 06/01/2024 1,315,773 Government Bonds Fixed Income
0.28% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2022 XS1303921214 800,000 USD 7.75 09/01/2022 1,118,791 Government Bonds Fixed Income
0.53% CASH - 1 CAD - - 2,104,587 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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