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Overview

Fund Profile

Key Facts

Fund Ticker ZFL
Net Assets (Mn)
(Dec 03, 2020)
$ 2,204.21
Base Currency CAD
Closing Market Price $ 19.90
12-Month Low/High (Market Price) $ 18.32 / $ 21.74
Closing NAV Price
(Dec 03, 2020)
$ 19.9354
12-Month Low/High (Price (NAV)) $ 18.2662 / $ 21.8172
Weighted Average Term (Years) 23.75
Weighted Average Coupon (%) 3.59%
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.

2.54%
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.

1.08%
Weighted Average Duration (Years) 17.47
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 83,677
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 110,568
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)
(Dec 03, 2020)
$ 2,204.21
Market Price $ 19.90
12-Month Low/High (Market Price) $ 18.32 / $ 21.74
Price (NAV) $ 19.9354
12-Month Low/High (Price (NAV)) $ 18.2662 / $ 21.8172
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 19.90 $ 0.05 0.25%
Price (NAV) $ 19.9354 $ 0.0627 0.32%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 9.69% 12.72% 7.98% 5.60% 6.02% 6.27%
Index 9.82% 12.88% 8.14% 5.81% 6.23% 6.48%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 13.47% 8.13% 3.24% 2.56% -1.15% 5.04% 17.14% -9.13% 4.29% 19.87%
Index 13.56% 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: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 13.47% 1.20% 0.26% -0.06% 9.69% 27.06% 25.89% 31.34% 79.43% 89.83%
Index 13.56% 1.18% 0.26% 0.01% 9.82% 27.42% 26.46% 32.60% 83.07% 93.90%

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

100.07%

Cash and Cash Equivalents

-0.07%

Number of Holdings

17

Total Net Assets

$ 2,204,206,823.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
16.81% CANADIAN GOVERNMENT BOND 3.5% 01Dec2045 CA135087ZS68 247,095,000 CAD 3.50 12/01/2045 370,449,006 Government Bonds Fixed Income
15.50% CANADIAN GOVERNMENT BOND 4% 01Jun2041 CA135087YQ12 222,965,000 CAD 4.00 06/01/2041 341,574,434 Government Bonds Fixed Income
14.53% CANADIAN GOVERNMENT BOND 2% 01Dec2051 CA135087H722 269,285,000 CAD 2.00 12/01/2051 320,327,677 Government Bonds Fixed Income
12.32% CANADIAN GOVERNMENT BOND 2.75% 01Dec2048 CA135087D358 200,175,000 CAD 2.75 12/01/2048 271,626,134 Government Bonds Fixed Income
11.24% CANADIAN GOVERNMENT BOND 5% 01Jun2037 CA135087XW98 153,705,000 CAD 5.00 06/01/2037 247,713,849 Government Bonds Fixed Income
10.25% CANADIAN GOVERNMENT BOND 5.75% 01Jun2033 CA135087XG49 143,215,000 CAD 5.75 06/01/2033 226,005,297 Government Bonds Fixed Income
6.75% CANADIAN GOVERNMENT BOND 2.75% 01Dec2064 CA135087C939 98,655,000 CAD 2.75 12/01/2064 148,832,282 Government Bonds Fixed Income
3.88% LABRADOR-ISLAND LINK FUNDING TRUST 3.85% 01Dec2053 CA505443AC50 58,770,000 CAD 3.85 12/01/2053 85,462,228 - Fixed Income
2.31% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.86% 01Dec2048 CA628153AC27 36,527,000 CAD 3.86 12/01/2048 50,867,788 - Fixed Income
2.31% CANADA HOUSING TRUST NO 1 1.1% 15Mar2031 CA13509PHQ96 50,900,000 CAD 1.10 03/15/2031 50,830,703 Government Bonds Fixed Income
1.14% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.83% 01Jun2037 CA628153AB44 19,340,000 CAD 3.83 06/01/2037 25,191,410 - Fixed Income
0.98% ROYAL OFFICE FINANCE LP 5.21% 12Nov2037 CA780632AA37 16,650,799 CAD 5.21 11/12/2037 21,696,857 - Fixed Income
0.74% LABRADOR-ISLAND LINK FUNDING TRUST 3.76% 01Jun2033 CA505443AA94 13,040,000 CAD 3.76 06/01/2033 16,402,346 - Fixed Income
0.69% LABRADOR-ISLAND LINK FUNDING TRUST 3.86% 01Dec2045 CA505443AB77 11,169,000 CAD 3.86 12/01/2045 15,288,303 - Fixed Income
0.46% CANADA POST CORP 4.36% 16Jul2040 CA13521JAB76 7,090,000 CAD 4.36 07/16/2040 10,144,775 Government Bonds Fixed Income
0.15% MARITIME LINK FINANCING TRUST 3.5% 01Dec2052 CA570344AA98 2,742,154 CAD 3.50 12/01/2052 3,356,400 - Fixed Income
-0.07% CASH - 1 CAD - - -1,563,045 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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