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Overview

Fund Profile

Key Facts

Fund Ticker ZEF
Net Assets (Mn)
(Sep 18, 2019)
$ 275.87
Base Currency CAD
Closing Market Price $ 15.38
12-Month Low/High (Market Price) $ 14.88 / $ 16.09
Closing NAV Price
(Sep 18, 2019)
$ 15.4108
12-Month Low/High (Price (NAV)) $ 14.9188 / $ 15.9961
Weighted Average Term (Years) 6.1
Weighted Average Coupon (%) 4.77%
Annualized Distribution Yield
(Sep 13, 2019)

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

4.84%
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.

4.32%
Weighted Average Duration (Years) 5.12
Maximum Annual Management Fee 0.50%
Management Expense Ratio 0.56%
Market Volume 12,912
Distribution Frequency Monthly
Options Available No
Inception Date May 21, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 17,901
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)
(Sep 18, 2019)
$ 275.87
Market Price $ 15.38
12-Month Low/High (Market Price) $ 14.88 / $ 16.09
Price (NAV) $ 15.4108
12-Month Low/High (Price (NAV)) $ 14.9188 / $ 15.9961
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.38 $ -0.06 -0.42%
Price (NAV) $ 15.4108 $ 0.0446 0.29%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 7.02% -0.18% 0.68% 2.45% - 5.30%
Index 8.09% 0.27% 1.02% 2.63% - 5.55%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 4.69% -3.99% 4.65% 6.96% 2.86% 8.68% -4.71% 15.93% 7.11% 8.48%
Index 5.90% -4.25% 4.69% 6.50% 3.39% 8.02% -4.66% 16.69% 7.79% 9.06%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.69% -2.37% 0.32% 1.19% 7.02% -0.37% 2.05% 12.89% - 61.46%
Index 5.90% -2.38% 1.57% 2.44% 8.09% 0.53% 3.09% 13.84% - 65.14%

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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.062000 0.000000 0.062000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.062000 0.000000 0.062000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.062000 0.000000 0.062000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.062000 0.000000 0.062000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.062000 0.000000 0.062000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.062000 0.000000 0.062000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.062000 0.000000 0.062000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.062000 0.000000 0.062000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Oct, 2019 Oct 29, 2019 Oct 30, 2019 Nov 04, 2019 - - -
Nov, 2019 Nov 27, 2019 Nov 28, 2019 Dec 03, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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 Sep 18, 2019

Fixed Income

100.17%

Cash and Cash Equivalents

-0.17%

Number of Holdings

62

Total Net Assets

$ 275,871,615.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
4.58% CHINA GOVERNMENT INTERNATIONAL BOND 3.25% 19Oct2023 XS1891571348 8,966,000 USD 3.25 10/19/2023 12,631,579 - Fixed Income
4.23% CHINA GOVERNMENT INTERNATIONAL BOND 3.5% 19Oct2028 XS1891574441 7,850,000 USD 3.50 10/19/2028 11,670,370 - Fixed Income
3.64% RUSSIAN FOREIGN BOND - EUROBOND 4.75% 27May2026 RU000A0JWHA4 6,800,000 USD 4.75 05/27/2026 10,031,342 - Fixed Income
3.55% INDONESIA GOVERNMENT INTERNATIONAL BOND 4.1% 24Apr2028 US455780CF11 6,700,000 USD 4.10 04/24/2028 9,785,138 - Fixed Income
3.51% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.25% 07Jan2025 US105756BV13 6,825,000 USD 4.25 01/07/2025 9,690,514 - Fixed Income
3.50% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.63% 13Jan2028 US105756BZ27 6,725,000 USD 4.63 01/13/2028 9,666,853 - Fixed Income
3.47% RUSSIAN FOREIGN BOND - EUROBOND 4.38% 21Mar2029 RU000A0ZYYN4 6,600,000 USD 4.38 03/21/2029 9,585,184 - Fixed Income
3.44% MEXICO GOVERNMENT INTERNATIONAL BOND 4% 02Oct2023 US91086QBC15 6,650,000 USD 4.00 10/02/2023 9,483,098 - Fixed Income
3.43% RUSSIAN FOREIGN BOND - EUROBOND 4.25% 23Jun2027 RU000A0JXTS9 6,600,000 USD 4.25 06/23/2027 9,451,127 - Fixed Income
3.43% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 6% 07Apr2026 US105756BX78 6,000,000 USD 6.00 04/07/2026 9,474,694 - Fixed Income
3.42% INDONESIA GOVERNMENT INTERNATIONAL BOND 4.75% 08Jan2026 USY20721BN86 6,350,000 USD 4.75 01/08/2026 9,445,255 - Fixed Income
3.42% MEXICO GOVERNMENT INTERNATIONAL BOND 3.75% 11Jan2028 US91087BAE02 6,900,000 USD 3.75 01/11/2028 9,446,952 - Fixed Income
3.38% MEXICO GOVERNMENT INTERNATIONAL BOND 4.13% 21Jan2026 US91086QBG29 6,600,000 USD 4.13 01/21/2026 9,318,505 - Fixed Income
3.31% INDONESIA GOVERNMENT INTERNATIONAL BOND 5.88% 15Jan2024 USY20721BJ74 6,000,000 USD 5.88 01/15/2024 9,123,108 - Fixed Income
3.28% TURKEY GOVERNMENT INTERNATIONAL BOND 6.25% 26Sep2022 US900123BZ27 6,500,000 USD 6.25 09/26/2022 9,049,171 - Fixed Income
3.27% TURKEY GOVERNMENT INTERNATIONAL BOND 6.13% 24Oct2028 US900123CQ19 6,950,000 USD 6.13 10/24/2028 9,025,584 - Fixed Income
3.19% TURKEY GOVERNMENT INTERNATIONAL BOND 7.25% 23Dec2023 US900123CR91 6,250,000 USD 7.25 12/23/2023 8,791,178 - Fixed Income
2.57% SAUDI GOVERNMENT INTERNATIONAL BOND 3.63% 04Mar2028 XS1694217495 5,050,000 USD 3.63 03/04/2028 7,098,204 - Fixed Income
2.54% SAUDI GOVERNMENT INTERNATIONAL BOND 4% 17Apr2025 XS1791937441 4,850,000 USD 4.00 04/17/2025 6,997,007 - Fixed Income
2.39% SAUDI GOVERNMENT INTERNATIONAL BOND 2.38% 26Oct2021 XS1508675334 4,900,000 USD 2.38 10/26/2021 6,588,540 - Fixed Income
1.84% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 3% 17Mar2023 US731011AT95 3,700,000 USD 3.00 03/17/2023 5,075,086 - Fixed Income
1.84% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5% 23Mar2022 US857524AB80 3,475,000 USD 5.00 03/23/2022 5,065,963 - Fixed Income
1.82% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 3.25% 06Apr2026 US731011AU68 3,500,000 USD 3.25 04/06/2026 5,009,124 - Fixed Income
1.46% CHINA GOVERNMENT INTERNATIONAL BOND 2.13% 02Nov2022 XS1706605109 3,000,000 USD 2.13 11/02/2022 4,019,823 - Fixed Income
1.32% ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 7.5% 22Apr2026 US040114GX20 5,700,000 USD 7.50 04/22/2026 3,642,654 - Fixed Income
1.27% REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 5.88% 16Sep2025 US836205AR58 2,400,000 USD 5.88 09/16/2025 3,509,722 - Fixed Income
1.24% ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 4.63% 11Jan2023 US040114HP86 5,850,000 USD 4.63 01/11/2023 3,411,592 - Fixed Income
1.22% ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 5.88% 11Jan2028 US040114HQ69 6,000,000 USD 5.88 01/11/2028 3,378,837 - Fixed Income
1.18% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 4.2% 21Jan2024 US718286BY27 2,250,000 USD 4.20 01/21/2024 3,247,164 - Fixed Income
1.18% REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 4.67% 17Jan2024 US836205AQ75 2,300,000 USD 4.67 01/17/2024 3,245,200 - Fixed Income
1.17% COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.88% 25Apr2027 US195325DL65 2,250,000 USD 3.88 04/25/2027 3,214,262 - Fixed Income
1.16% REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 4.3% 12Oct2028 US836205AU87 2,400,000 USD 4.30 10/12/2028 3,201,393 - Fixed Income
1.14% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3% 01Feb2028 US718286CC97 2,250,000 USD 3.00 02/01/2028 3,152,928 - Fixed Income
1.12% THIRD PAKISTAN INTERNATIONAL SUKUK CO LTD/THE 5.5% 13Oct2021 XS1501659384 2,250,000 USD 5.50 10/13/2021 3,076,784 - Fixed Income
1.09% COLOMBIA GOVERNMENT INTERNATIONAL BOND 4% 26Feb2024 US195325BQ70 2,150,000 USD 4.00 02/26/2024 3,014,369 - Fixed Income
1.09% COLOMBIA GOVERNMENT INTERNATIONAL BOND 4.5% 28Jan2026 US195325CX13 2,050,000 USD 4.50 01/28/2026 2,993,561 - Fixed Income
1.07% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 10.63% 16Mar2025 US718286AP29 1,550,000 USD 10.63 03/16/2025 2,950,446 - Fixed Income
1.03% PAKISTAN GOVERNMENT INTERNATIONAL BOND 8.25% 15Apr2024 XS1056560920 1,900,000 USD 8.25 04/15/2024 2,832,204 - Fixed Income
1.03% PAKISTAN GOVERNMENT INTERNATIONAL BOND 6.88% 05Dec2027 XS1729875598 2,100,000 USD 6.88 12/05/2027 2,836,473 - Fixed Income
0.75% ROMANIAN GOVERNMENT INTERNATIONAL BOND 6.75% 07Feb2022 US77586TAA43 1,400,000 USD 6.75 02/07/2022 2,061,365 - Fixed Income
0.64% ROMANIAN GOVERNMENT INTERNATIONAL BOND 4.88% 22Jan2024 US77586TAD81 1,200,000 USD 4.88 01/22/2024 1,762,456 - Fixed Income
0.56% CROATIA GOVERNMENT INTERNATIONAL BOND 6% 26Jan2024 XS0997000251 1,000,000 USD 6.00 01/26/2024 1,541,713 - Fixed Income
0.52% CROATIA GOVERNMENT INTERNATIONAL BOND 5.5% 04Apr2023 XS0908769887 950,000 USD 5.50 04/04/2023 1,432,198 - Fixed Income
0.47% OMAN GOVERNMENT INTERNATIONAL BOND 4.75% 15Jun2026 XS1405777589 1,000,000 USD 4.75 06/15/2026 1,298,798 - Fixed Income
0.40% DOMINICAN REPUBLIC INTERNATIONAL BOND 6% 19Jul2028 USP3579ECB13 750,000 USD 6.00 07/19/2028 1,106,362 - Fixed Income
0.39% BAHRAIN GOVERNMENT INTERNATIONAL BOND 7% 12Oct2028 XS1405766541 700,000 USD 7.00 10/12/2028 1,074,984 - Fixed Income
0.39% SRI LANKA GOVERNMENT INTERNATIONAL BOND 6.75% 18Apr2028 USY8137FAL23 800,000 USD 6.75 04/18/2028 1,062,765 - Fixed Income
0.36% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2025 XS1303925470 700,000 USD 7.75 09/01/2025 1,001,418 - Fixed Income
0.36% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2027 XS1303927179 700,000 USD 7.75 09/01/2027 1,000,284 - Fixed Income
0.36% DOMINICAN REPUBLIC INTERNATIONAL BOND 5.5% 27Jan2025 USP3579EBD87 700,000 USD 5.50 01/27/2025 995,797 - Fixed Income
0.36% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2022 XS1303921214 700,000 USD 7.75 09/01/2022 992,137 - Fixed Income
0.34% CBB INTERNATIONAL SUKUK CO 7 SPC 6.88% 05Oct2025 XS1802362951 600,000 USD 6.88 10/05/2025 934,729 - Fixed Income
0.30% SRI LANKA GOVERNMENT INTERNATIONAL BOND 5.75% 18Apr2023 USY8137FAK40 600,000 USD 5.75 04/18/2023 816,685 - Fixed Income
0.29% OMAN GOVERNMENT INTERNATIONAL BOND 4.13% 17Jan2023 XS1750113406 600,000 USD 4.13 01/17/2023 801,320 - Fixed Income
0.29% OMAN GOVERNMENT INTERNATIONAL BOND 5.63% 17Jan2028 XS1750113661 600,000 USD 5.63 01/17/2028 788,449 - Fixed Income
0.28% DOMINICAN REPUBLIC INTERNATIONAL BOND 6.88% 29Jan2026 USP3579EBK21 500,000 USD 6.88 01/29/2026 763,881 - Fixed Income
0.26% BAHRAIN GOVERNMENT INTERNATIONAL BOND 6.13% 01Aug2023 XS0956406135 500,000 USD 6.13 08/01/2023 723,903 - Fixed Income
-0.17% CASH - 1 CAD - - -455,319 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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