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Overview

Fund Profile

Key Facts

Fund Ticker ZFL
Net Assets (Mn)
(Feb 25, 2020)
$ 1,811.86
Base Currency CAD
Closing Market Price $ 19.72
12-Month Low/High (Market Price) $ 17.35 / $ 19.90
Closing NAV Price
(Feb 25, 2020)
$ 19.6915
12-Month Low/High (Price (NAV)) $ 17.3456 / $ 19.9107
Weighted Average Term (Years) 22.55
Weighted Average Coupon (%) 3.79%
Annualized Distribution Yield
(Feb 21, 2020)

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

2.77%
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.

1.42%
Weighted Average Duration (Years) 16.44
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 985,161
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 92,013
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)
(Feb 25, 2020)
$ 1,811.86
Market Price $ 19.72
12-Month Low/High (Market Price) $ 17.35 / $ 19.90
Price (NAV) $ 19.6915
12-Month Low/High (Price (NAV)) $ 17.3456 / $ 19.9107
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 19.72 $ -0.02 -0.10%
Price (NAV) $ 19.6915 $ -0.0246 -0.12%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 13.77% 9.82% 7.11% 3.08% - 6.09%
Index 13.91% 9.98% 7.28% 3.32% - 6.32%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 6.16% 8.13% 3.24% 2.56% -1.15% 5.04% 17.14% -9.13% 4.29% 19.87%
Index 6.16% 8.39% 3.36% 2.72% -0.79% 5.37% 17.49% -8.87% 4.51% 19.82%
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 6.16% 6.16% 3.17% 5.39% 13.77% 20.62% 22.89% 16.40% - 77.60%
Index 6.16% 6.16% 3.23% 5.51% 13.91% 20.96% 23.47% 17.75% - 81.27%

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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 0.043000 0.000000 0.043000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.045000 0.000000 0.045000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 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 Feb 25, 2020

Fixed Income

100.05%

Cash and Cash Equivalents

-0.05%

Number of Holdings

18

Total Net Assets

$ 1,811,864,897.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
17.78% CANADIAN GOVERNMENT BOND 4% 01Jun2041 CA135087YQ12 214,090,000 CAD 4.00 06/01/2041 322,170,428 Government Bonds Fixed Income
17.11% CANADIAN GOVERNMENT BOND 5% 01Jun2037 CA135087XW98 195,780,000 CAD 5.00 06/01/2037 310,008,505 Government Bonds Fixed Income
15.58% CANADIAN GOVERNMENT BOND 3.5% 01Dec2045 CA135087ZS68 190,600,000 CAD 3.50 12/01/2045 282,370,398 Government Bonds Fixed Income
13.15% CANADIAN GOVERNMENT BOND 2.75% 01Dec2048 CA135087D358 176,675,000 CAD 2.75 12/01/2048 238,261,881 Government Bonds Fixed Income
11.44% CANADIAN GOVERNMENT BOND 5.75% 01Jun2033 CA135087XG49 132,640,000 CAD 5.75 06/01/2033 207,305,580 Government Bonds Fixed Income
6.17% CANADIAN GOVERNMENT BOND 2% 01Dec2051 CA135087H722 94,280,000 CAD 2.00 12/01/2051 111,876,985 Government Bonds Fixed Income
4.83% CANADIAN GOVERNMENT BOND 2.75% 01Dec2064 CA135087C939 58,350,000 CAD 2.75 12/01/2064 87,559,841 Government Bonds Fixed Income
4.50% CANADIAN GOVERNMENT BOND 1.25% 01Jun2030 CA135087K379 80,850,000 CAD 1.25 06/01/2030 81,575,314 Government Bonds Fixed Income
1.76% CANADA HOUSING TRUST NO 1 1.75% 15Jun2030 CA13509PHM82 31,400,000 CAD 1.75 06/15/2030 31,854,159 Government Bonds Fixed Income
1.75% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.86% 01Dec2048 CA628153AC27 22,361,000 CAD 3.86 12/01/2048 31,776,325 - Fixed Income
1.29% LABRADOR-ISLAND LINK FUNDING TRUST 3.85% 01Dec2053 CA505443AC50 15,870,000 CAD 3.85 12/01/2053 23,362,029 - Fixed Income
1.22% ROYAL OFFICE FINANCE LP 5.21% 12Nov2037 CA780632AA37 17,088,485 CAD 5.21 11/12/2037 22,039,939 - Fixed Income
1.15% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.83% 01Jun2037 CA628153AB44 16,140,000 CAD 3.83 06/01/2037 20,750,389 - Fixed Income
0.88% LABRADOR-ISLAND LINK FUNDING TRUST 3.76% 01Jun2033 CA505443AA94 13,040,000 CAD 3.76 06/01/2033 15,999,170 - Fixed Income
0.70% LABRADOR-ISLAND LINK FUNDING TRUST 3.86% 01Dec2045 CA505443AB77 9,169,000 CAD 3.86 12/01/2045 12,613,809 - Fixed Income
0.55% CANADA POST CORP 4.36% 16Jul2040 CA13521JAB76 7,090,000 CAD 4.36 07/16/2040 9,941,677 Government Bonds Fixed Income
0.18% MARITIME LINK FINANCING TRUST 3.5% 01Dec2052 CA570344AA98 2,785,000 CAD 3.50 12/01/2052 3,344,775 - Fixed Income
-0.05% CASH - 1 CAD - - -946,579 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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