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Overview

Fund Profile

Key Facts

Fund Ticker ZFL
Net Assets (Mn)
(Sep 18, 2019)
$ 1,269.07
Base Currency CAD
Closing Market Price $ 18.94
12-Month Low/High (Market Price) $ 16.36 / $ 19.90
Closing NAV Price
(Sep 18, 2019)
$ 18.9201
12-Month Low/High (Price (NAV)) $ 16.3273 / $ 19.9107
Weighted Average Term (Years) 23.51
Weighted Average Coupon (%) 3.89%
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.

2.91%
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.

1.75%
Weighted Average Duration (Years) 16.67
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 178,829
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 67,076
Index FTSE Canada Long Term Federal Bond Index
Exchange TSX
CUSIP 05590K100
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Long Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE TMX Canada Long Term Federal Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity greater than ten years. Securities held in the Index are generally issued or guaranteed by the Government of Canada, by various agencies of the Government of Canada, and by various instrumentalities that have been established or sponsored by the Government of Canada. 

Benchmark Info

The FTSE TMX Canada Long Term Federal Bond IndexTM consists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity greater than ten years, a credit rating of AAA and minimum size requirement of $50 million per issue. The federal sector consists of bonds issued by the Government of Canada (including both non-agency, agency/crown corporations) and supranational entities. Each security in the index is weighted by its relative market capitalization and rebalanced on a daily basis. 

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of federal bonds
  • Includes bonds with more than ten years to maturity
  • 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)
$ 1,269.07
Market Price $ 18.94
12-Month Low/High (Market Price) $ 16.36 / $ 19.90
Price (NAV) $ 18.9201
12-Month Low/High (Price (NAV)) $ 16.3273 / $ 19.9107
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.94 $ 0.12 0.64%
Price (NAV) $ 18.9201 $ 0.1086 0.58%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 16.67% 8.73% 2.99% 5.46% - 6.32%
Index 16.85% 8.91% 3.20% 5.71% - 6.54%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 14.15% 3.24% 2.56% -1.15% 5.04% 17.14% -9.13% 4.29% 19.87% 5.76%
Index 14.31% 3.36% 2.72% -0.79% 5.37% 17.49% -8.87% 4.51% 19.82% 5.86%
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 14.15% 4.81% 6.10% 13.72% 16.67% 18.22% 9.25% 30.42% - 76.62%
Index 14.31% 4.82% 6.13% 13.76% 16.85% 18.61% 9.89% 31.98% - 80.09%

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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.

Download Distribution History (Excel)
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 0.045000 0.000000 0.045000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.045000 0.000000 0.045000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.045000 0.000000 0.045000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.045000 0.000000 0.045000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.045000 0.000000 0.045000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.045000 0.000000 0.045000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.045000 0.000000 0.045000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.045000 0.000000 0.045000
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

99.84%

Cash and Cash Equivalents

0.16%

Number of Holdings

18

Total Net Assets

$ 1,269,074,763.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
19.98% CANADIAN GOVERNMENT BOND 4% 01Jun2041 CA135087YQ12 174,880,000 CAD 4.00 06/01/2041 253,517,326 - Fixed Income
16.44% CANADIAN GOVERNMENT BOND 3.5% 01Dec2045 CA135087ZS68 147,420,000 CAD 3.50 12/01/2045 208,624,161 - Fixed Income
16.25% CANADIAN GOVERNMENT BOND 5% 01Jun2037 CA135087XW98 133,550,000 CAD 5.00 06/01/2037 206,189,915 - Fixed Income
13.78% CANADIAN GOVERNMENT BOND 2.75% 01Dec2048 CA135087D358 136,825,000 CAD 2.75 12/01/2048 174,922,832 - Fixed Income
12.10% CANADIAN GOVERNMENT BOND 5.75% 01Jun2033 CA135087XG49 99,810,000 CAD 5.75 06/01/2033 153,544,549 - Fixed Income
5.87% CANADIAN GOVERNMENT BOND 2% 01Dec2051 CA135087H722 67,130,000 CAD 2.00 12/01/2051 74,554,574 - Fixed Income
4.87% CANADIAN GOVERNMENT BOND 2.75% 01Dec2064 CA135087C939 44,550,000 CAD 2.75 12/01/2064 61,828,777 - Fixed Income
1.70% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.86% 01Dec CA628153AC27 15,861,000 CAD 3.86 12/01/2048 21,519,209 - Fixed Income
1.57% ROYAL OFFICE FINANCE LP 5.21% 12Nov2037 CA780632AA37 15,742,762 CAD 5.21 11/12/2037 19,877,866 - Fixed Income
1.18% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.83% 01Jun CA628153AB44 11,990,000 CAD 3.83 06/01/2037 14,972,277 - Fixed Income
1.16% CANADIAN GOVERNMENT 1.25% 01Jun2030 CA135087K379 15,000,000 CAD 1.25 06/01/2030 14,729,043 - Fixed Income
1.11% LABRADOR-ISLAND LINK FUNDING TRUST 3.85% 01Dec2053 CA505443AC50 10,170,000 CAD 3.85 12/01/2053 14,052,184 - Fixed Income
1.07% LABRADOR-ISLAND LINK FUNDING TRUST 3.76% 01Jun2033 CA505443AA94 11,290,000 CAD 3.76 06/01/2033 13,535,595 - Fixed Income
1.06% CANADIAN GOVERNMENT BOND 1.25% 01Jun2030 CA135087K379 13,700,000 CAD 1.25 06/01/2030 13,452,526 - Fixed Income
0.80% LABRADOR-ISLAND LINK FUNDING TRUST 3.86% 01Dec2045 CA505443AB77 7,669,000 CAD 3.86 12/01/2045 10,155,630 - Fixed Income
0.65% CANADA POST CORP 4.36% 16Jul2040 CA13521JAB76 6,090,000 CAD 4.36 07/16/2040 8,295,107 - Fixed Income
0.25% MARITIME LINK FINANCING TRUST 3.5% 01Dec2052 CA570344AA98 2,785,000 CAD 3.50 12/01/2052 3,234,368 - Fixed Income
0.16% CASH - 1 CAD - - 2,068,995 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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