Fund Profile
Key Facts
| Fund Ticker | ZEF |
|---|---|
|
Net Assets (Mn) (Sep 29, 2023) |
$ 572.09 |
| Base Currency | CAD |
| Closing Market Price | $ 11.49 |
| 12-Month Low/High (Market Price) | $ 11.15 / $ 12.11 |
|
Closing NAV Price (Sep 29, 2023) |
$ 11.5623 |
| 12-Month Low/High (Price (NAV)) | $ 11.1465 / $ 12.0095 |
| Weighted Average Term (Years) | 5.23 |
| Weighted Average Coupon (%) | 4.63% |
|
Annualized Distribution Yield (Sep 15, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
4.62% |
|
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. Footnote |
8.48% |
| Weighted Average Duration (Years) | 4.33 |
| Maximum Annual Management Fee | 0.50% |
| Management Expense Ratio | 0.56% |
| Market Volume | 43,726 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | May 21, 2010 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 49,479 |
| Index | Bloomberg 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
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Performance Chart
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (Sep 29, 2023) |
$ 572.09 |
|---|---|
| Market Price | $ 11.49 |
| 12-Month Low/High (Market Price) | $ 11.15 / $ 12.11 |
| Price (NAV) | $ 11.5623 |
| 12-Month Low/High (Price (NAV)) | $ 11.1465 / $ 12.0095 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 11.49 | $ -0.05 | -0.43% |
| Price (NAV) | $ 11.5623 | $ 0.0238 | 0.21% |
Performance
Annualized Performance (%) for period ending: Aug 31, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 0.68% | -8.21% | -4.67% | -0.43% | 2.02% | 2.98% |
| Index | 0.91% | -10.59% | -6.28% | -1.24% | 1.51% | 2.76% |
| Aug 31, 2023 |
Calendar Year Performance (%) for period ending: Aug 31, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.61% | -16.86% | -1.94% | 5.69% | 7.24% | -3.99% | 4.65% | 6.96% | 2.86% | 8.68% |
| Index | 3.68% | -21.18% | -1.74% | 5.60% | 8.55% | -4.25% | 4.69% | 6.50% | 3.39% | 8.02% |
| Aug 31, 2023 |
Cumulative Performance (%) for period ending: Aug 31, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 3.61% | -0.94% | 1.53% | 3.33% | 0.68% | -15.75% | -13.37% | -2.12% | 22.11% | 47.67% |
| Index | 3.68% | -0.55% | 2.09% | 3.74% | 0.91% | -20.07% | -17.67% | -6.04% | 16.19% | 43.55% |
| Aug 31, 2023 |
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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Distribution History
| Distribution Period Future distribution dates may change without any prior notice. Footnote | 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. Footnote | Total Distribution Per Unit |
|---|---|---|---|---|---|---|
| Jan, 2023 | Jan 27, 2023 | Jan 30, 2023 | Feb 02, 2023 | 0.045000 | - | 0.045000 |
| Feb, 2023 | Feb 24, 2023 | Feb 27, 2023 | Mar 02, 2023 | 0.045000 | - | 0.045000 |
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.045000 | - | 0.045000 |
| Apr, 2023 | Apr 26, 2023 | Apr 27, 2023 | May 02, 2023 | 0.045000 | - | 0.045000 |
| May, 2023 | May 30, 2023 | May 31, 2023 | Jun 05, 2023 | 0.045000 | - | 0.045000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | 0.045000 | - | 0.045000 |
| Jul, 2023 | Jul 27, 2023 | Jul 28, 2023 | Aug 02, 2023 | 0.045000 | - | 0.045000 |
| Aug, 2023 | Aug 29, 2023 | Aug 30, 2023 | Sep 05, 2023 | 0.045000 | - | 0.045000 |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | 0.045000 | - | 0.045000 |
| Oct, 2023 | Oct 27, 2023 | Oct 30, 2023 | Nov 02, 2023 | - | - | - |
| Nov, 2023 | Nov 28, 2023 | Nov 29, 2023 | Dec 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2024 | - | - | - |
| Year to Date | 0.405000 | 0.000000 | 0.405000 |
| 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. Footnote |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
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Daily Holdings
As of Sep 29, 2023
100.85%
-0.85%
57
$ 572,093,609.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 3.36% | CHINA GOVERNMENT INTERNATIONAL BOND .55% 21Oct2025 | USY15025AB84 | 15,497,000 | USD | 0.55 | 10/21/2025 | 19,204,060 | Government Bonds | Fixed Income |
| 3.34% | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 6% 07Apr2026 | US105756BX78 | 13,500,000 | USD | 6.00 | 04/07/2026 | 19,118,109 | Government Bonds | Fixed Income |
| 3.31% | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.63% 13Jan2028 | US105756BZ27 | 14,354,000 | USD | 4.63 | 01/13/2028 | 18,914,370 | Government Bonds | Fixed Income |
| 3.30% | BRAZILIAN GOVERNMENT INTERNATIONAL BOND 3.88% 12Jun2030 | US105756CC23 | 15,775,000 | USD | 3.88 | 06/12/2030 | 18,895,450 | Government Bonds | Fixed Income |
| 3.29% | MEXICO GOVERNMENT INTERNATIONAL BOND 4.5% 22Apr2029 | US91087BAF76 | 14,600,000 | USD | 4.50 | 04/22/2029 | 18,834,748 | Government Bonds | Fixed Income |
| 3.29% | TURKEY GOVERNMENT INTERNATIONAL BOND 9.88% 15Jan2028 | US900123DF45 | 12,900,000 | USD | 9.88 | 01/15/2028 | 18,794,822 | Government Bonds | Fixed Income |
| 3.28% | CHINA GOVERNMENT INTERNATIONAL BOND 2.13% 03Dec2029 | XS2084425110 | 15,800,000 | USD | 2.13 | 12/03/2029 | 18,768,000 | Government Bonds | Fixed Income |
| 3.26% | PERUSAHAAN PENERBIT SBSN INDONESIA III 4.7% 06Jun2032 | US71567RAV87 | 14,300,000 | USD | 4.70 | 06/06/2032 | 18,624,721 | - | Fixed Income |
| 3.24% | MEXICO GOVERNMENT INTERNATIONAL BOND 4.15% 28Mar2027 | US91087BAC46 | 14,200,000 | USD | 4.15 | 03/28/2027 | 18,542,738 | Government Bonds | Fixed Income |
| 3.23% | PERUSAHAAN PENERBIT SBSN INDONESIA III 4.15% 29Mar2027 | US71567RAH93 | 14,150,000 | USD | 4.15 | 03/29/2027 | 18,461,485 | - | Fixed Income |
| 3.21% | PERUSAHAAN PENERBIT SBSN INDONESIA III 4.4% 01Mar2028 | US71567RAK23 | 14,075,000 | USD | 4.40 | 03/01/2028 | 18,357,830 | - | Fixed Income |
| 3.21% | CHINA GOVERNMENT INTERNATIONAL BOND 1.2% 21Oct2030 | USY15025AC67 | 16,800,000 | USD | 1.20 | 10/21/2030 | 18,319,994 | Government Bonds | Fixed Income |
| 3.20% | MEXICO GOVERNMENT INTERNATIONAL BOND 2.66% 24May2031 | US91087BAM28 | 16,950,000 | USD | 2.66 | 05/24/2031 | 18,280,076 | Government Bonds | Fixed Income |
| 3.14% | TURKEY GOVERNMENT INTERNATIONAL BOND 4.88% 09Oct2026 | US900123CK49 | 14,100,000 | USD | 4.88 | 10/09/2026 | 17,967,818 | Government Bonds | Fixed Income |
| 3.13% | SAUDI GOVERNMENT INTERNATIONAL BOND 3.63% 04Mar2028 | XS1694217495 | 14,100,000 | USD | 3.63 | 03/04/2028 | 17,889,383 | Government Bonds | Fixed Income |
| 3.12% | KSA SUKUK LTD 3.63% 20Apr2027 | XS1599284202 | 13,700,000 | USD | 3.63 | 04/20/2027 | 17,850,819 | - | Fixed Income |
| 3.08% | KSA SUKUK LTD 4.51% 22May2033 | XS2626274463 | 13,600,000 | USD | 4.51 | 05/22/2033 | 17,609,853 | - | Fixed Income |
| 3.02% | HAZINE MUSTESARLIGI VARL 7.25% 24Feb2027 | XS2441287773 | 12,950,000 | USD | 7.25 | 02/24/2027 | 17,290,887 | - | Fixed Income |
| 2.57% | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 3.25% 06Apr2026 | US731011AU68 | 11,200,000 | USD | 3.25 | 04/06/2026 | 14,679,649 | Government Bonds | Fixed Income |
| 2.53% | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5.5% 16Nov2027 | US857524AD47 | 10,450,000 | USD | 5.50 | 11/16/2027 | 14,483,123 | Government Bonds | Fixed Income |
| 2.49% | REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5.75% 16Nov2032 | US857524AE20 | 10,250,000 | USD | 5.75 | 11/16/2032 | 14,233,405 | Government Bonds | Fixed Income |
| 2.20% | KAZAKHSTAN GOVERNMENT INTERNATIONAL BOND 5.13% 21Jul2025 | XS1263054519 | 9,050,000 | USD | 5.13 | 07/21/2025 | 12,603,414 | Government Bonds | Fixed Income |
| 2.07% | ABU DHABI GOVERNMENT INTERNATIONAL BOND 3.13% 16Apr2030 | XS2125308168 | 9,600,000 | USD | 3.13 | 04/16/2030 | 11,855,969 | Government Bonds | Fixed Income |
| 2.00% | PAKISTAN GOVERNMENT INTERNATIONAL BOND 6.88% 05Dec2027 | XS1729875598 | 15,950,000 | USD | 6.88 | 12/05/2027 | 11,452,111 | Government Bonds | Fixed Income |
| 1.93% | PAKISTAN GOVERNMENT INTERNATIONAL BOND 7.38% 08Apr2031 | XS2322319638 | 16,300,000 | USD | 7.38 | 04/08/2031 | 11,054,486 | Government Bonds | Fixed Income |
| 1.91% | ISLAMIC REP OF PAKISTAN 6% 08Apr2026 | XS2322319398 | 14,750,000 | USD | 6.00 | 04/08/2026 | 10,943,171 | - | Fixed Income |
| 1.69% | ROMANIA 3% 14Feb2031 | XS2201851172 | 8,850,000 | USD | 3.00 | 02/14/2031 | 9,695,042 | - | Fixed Income |
| 1.68% | COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.13% 15Apr2031 | US195325DS19 | 9,350,000 | USD | 3.13 | 04/15/2031 | 9,591,341 | Government Bonds | Fixed Income |
| 1.64% | COLOMBIA GOVERNMENT INTERNATIONAL BOND 4.5% 15Mar2029 | US195325DP79 | 7,950,000 | USD | 4.50 | 03/15/2029 | 9,402,117 | Government Bonds | Fixed Income |
| 1.59% | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 9.5% 02Feb2030 | US718286AY36 | 5,500,000 | USD | 9.50 | 02/02/2030 | 9,104,516 | Government Bonds | Fixed Income |
| 1.44% | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 7.75% 14Jan2031 | US718286BB24 | 5,300,000 | USD | 7.75 | 01/14/2031 | 8,215,763 | Government Bonds | Fixed Income |
| 1.35% | ABU DHABI GOVERNMENT INTERNATIONAL BOND 3.13% 11Oct2027 | XS1696892295 | 6,000,000 | USD | 3.13 | 10/11/2027 | 7,712,770 | Government Bonds | Fixed Income |
| 1.32% | PHILIPPINE GOVERNMENT INTERNATIONAL BOND 3% 01Feb2028 | US718286CC97 | 6,100,000 | USD | 3.00 | 02/01/2028 | 7,532,904 | Government Bonds | Fixed Income |
| 1.25% | UAE INTERNATIONAL GOVERNMENT BOND 4.05% 07Jul2032 | XS2492384818 | 5,625,000 | USD | 4.05 | 07/07/2032 | 7,144,746 | Government Bonds | Fixed Income |
| 1.15% | ROMANIAN GOVERNMENT INTERNATIONAL BOND 3% 27Feb2027 | XS2434895988 | 5,300,000 | USD | 3.00 | 02/27/2027 | 6,559,371 | Government Bonds | Fixed Income |
| 1.01% | UKRAINE GOVERNMENT INTERNATIONAL BOND 9.75% 01Nov2030 | XS1902171757 | 14,400,000 | USD | 9.75 | 11/01/2030 | 5,794,295 | Government Bonds | Fixed Income |
| 0.98% | UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2026 | XS1303925041 | 14,400,000 | USD | 7.75 | 09/01/2026 | 5,623,155 | Government Bonds | Fixed Income |
| 0.98% | UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep2027 | XS1303925470 | 14,300,000 | USD | 7.75 | 09/01/2027 | 5,584,105 | Government Bonds | Fixed Income |
| 0.86% | PERUVIAN GOVERNMENT INTERNATIONAL BOND 7.35% 21Jul2025 | US715638AS19 | 3,500,000 | USD | 7.35 | 07/21/2025 | 4,944,886 | Government Bonds | Fixed Income |
| 0.84% | PERUVIAN GOVERNMENT INTERNATIONAL BOND 2.78% 23Jan2031 | US715638DF60 | 4,300,000 | USD | 2.78 | 01/23/2031 | 4,824,755 | Government Bonds | Fixed Income |
| 0.84% | PERUVIAN GOVERNMENT INTERNATIONAL BOND 1.86% 01Dec2032 | US715638DP43 | 4,850,000 | USD | 1.86 | 12/01/2032 | 4,795,676 | Government Bonds | Fixed Income |
| 0.69% | HUNGARY GOVERNMENT INTERNATIONAL BOND 6.25% 22Sep2032 | XS2574267261 | 3,000,000 | USD | 6.25 | 09/22/2032 | 3,972,992 | Government Bonds | Fixed Income |
| 0.68% | QATAR GOVERNMENT INTERNATIONAL BOND 3.25% 02Jun2026 | XS1405782159 | 3,000,000 | USD | 3.25 | 06/02/2026 | 3,915,436 | Government Bonds | Fixed Income |
| 0.66% | QATAR GOVERNMENT INTERNATIONAL BOND 4% 14Mar2029 | XS1959337582 | 2,900,000 | USD | 4.00 | 03/14/2029 | 3,752,682 | Government Bonds | Fixed Income |
| 0.66% | HUNGARY GOVERNMENT INTERNATIONAL BOND 5.25% 16Jun2029 | XS2010026305 | 2,850,000 | USD | 5.25 | 06/16/2029 | 3,749,897 | Government Bonds | Fixed Income |
| 0.65% | HUNGARY GOVERNMENT INTERNATIONAL BOND 2.13% 22Sep2031 | XS2388586401 | 3,700,000 | USD | 2.13 | 09/22/2031 | 3,698,789 | Government Bonds | Fixed Income |
| 0.64% | QATAR GOVERNMENT INTERNATIONAL BOND 4.5% 23Apr2028 | XS1807174393 | 2,700,000 | USD | 4.50 | 04/23/2028 | 3,669,240 | Government Bonds | Fixed Income |
| 0.36% | DOMINICAN REPUBLIC INTERNATIONAL BOND 5.5% 22Feb2029 | USP3579ECP09 | 1,650,000 | USD | 5.50 | 02/22/2029 | 2,064,957 | Government Bonds | Fixed Income |
| 0.35% | DOMINICAN REPUBLIC INTERNATIONAL BOND 4.88% 23Sep2032 | USP3579ECH82 | 1,800,000 | USD | 4.88 | 09/23/2032 | 1,990,059 | Government Bonds | Fixed Income |
| 0.33% | OMAN GOVERNMENT INTERNATIONAL BOND 6% 01Aug2029 | XS1944412748 | 1,400,000 | USD | 6.00 | 08/01/2029 | 1,880,980 | Government Bonds | Fixed Income |
| 0.33% | OMAN GOVERNMENT INTERNATIONAL BOND 5.63% 17Jan2028 | XS1750113661 | 1,400,000 | USD | 5.63 | 01/17/2028 | 1,874,249 | Government Bonds | Fixed Income |
| 0.33% | OMAN GOVERNMENT INTERNATIONAL BOND 4.75% 15Jun2026 | XS1405777589 | 1,400,000 | USD | 4.75 | 06/15/2026 | 1,869,065 | Government Bonds | Fixed Income |
| 0.32% | DOMINICAN REPUBLIC INTERNATIONAL BOND 4.5% 30Jan2030 | USP3579ECF27 | 1,550,000 | USD | 4.50 | 01/30/2030 | 1,803,586 | Government Bonds | Fixed Income |
| 0.30% | ROMANIA 7.13% 17Jan2033 | XS2571923007 | 1,200,000 | USD | 7.13 | 01/17/2033 | 1,689,174 | - | Fixed Income |
| 0.26% | COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.25% 22Apr2032 | US195325DZ51 | 1,500,000 | USD | 3.25 | 04/22/2032 | 1,493,410 | Government Bonds | Fixed Income |
| 0.00% | URUGUAY GOVERNMENT INTERNATIONAL BOND 4.5% 14Aug2024 | US760942AZ58 | - | USD | 4.50 | 08/14/2024 | - | Government Bonds | Fixed Income |
| -0.85% | CASH | - | 1 | CAD | - | - | -4,886,603 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 1 range. The range is: 100%, Government Bonds.
Geographic Allocation
has a donut chart divided into 20 ranges. Ranges are: 9.95%, Brazil.9.85%, China.9.73%, Mexico.9.7%, Indonesia.9.45%, Turkey.7.59%, Poland.6.2%, United States.5.84%, Pakistan.4.67%, United Arab Emirates.4.35%, Philippines.3.58%, Colombia.3.14%, Romania.3.13%, Saudi Arabia.2.97%, Ukraine.2.54%, Peru.2.2%, Kazakhstan.2%, Hungary.1.98%, Qatar.1.03%, Dominican Republic.0.99%, Oman.
Maturity
has a donut chart divided into 2 ranges. Ranges are: 54.61%, 1-5 Years.45.39%, 5-10 Years.
Credit Allocation
has a donut chart divided into 6 ranges. Ranges are: 6.58%, AA.26.43%, A.33.49%, BBB.15.36%, BB.9.31%, B.8.83%, CCC or below.
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.