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Overview

Fund Profile

Key Facts

Key Facts table has 24 rows
Fund Ticker ZFL
Net Assets (Mn)
(Mar 02, 2021)
$ 2,191.43
Base Currency CAD
Closing Market Price $ 18.05
12-Month Low/High (Market Price) $ 17.63 / $ 21.74
Closing NAV Price
(Mar 02, 2021)
$ 18.0562
12-Month Low/High (Price (NAV)) $ 17.6586 / $ 21.8172
Weighted Average Term (Years) 24.05
Weighted Average Coupon (%) 3.49%
Annualized Distribution Yield
(Feb 19, 2021)

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

Footnote
2.85%
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
1.73%
Weighted Average Duration (Years) 17.30
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 609,129
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 121,368
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

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Performance details table has 6 columns. Table columns are Fund Total Assets ($Mn)<br>(Mar 02, 2021), Market Price, 12-Month Low/High (Market Price), Price (NAV), 12-Month Low/High (Price (NAV)) , Distribution Frequency
Fund Total Assets ($Mn)
(Mar 02, 2021)
$ 2,191.43
Market Price $ 18.05
12-Month Low/High (Market Price) $ 17.63 / $ 21.74
Price (NAV) $ 18.0562
12-Month Low/High (Price (NAV)) $ 17.6586 / $ 21.8172
Distribution Frequency Monthly

Daily Prices

Daily prices table has 2 columns. Table columns are 1 Day Change, 1 Day % Change
Unit Price as of
(Mar 02, 2021)
1 Day Change 1 Day % Change
Market Price $ 18.05 $ -0.01 -0.06%
Price (NAV) $ 18.0562 $ -0.0187 -0.10%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 26, 2021

Annualized performance table has 6 columns. Table columns are 1 Year, 2 Year, 3 Year, 5 Year, 10 Year, Since Inception
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -5.67% 4.92% 5.04% 2.34% 5.10% 5.10%
Index -5.40% 5.15% 5.25% 2.57% 5.33% 5.33%
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 26, 2021

Calendar year performance table has 10 columns. Table columns are YTD, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012
YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012
NAV -9.51% 12.94% 8.13% 3.24% 2.56% -1.15% 5.04% 17.14% -9.13% 4.29%
Index -9.34% 13.07% 8.39% 3.36% 2.72% -0.79% 5.37% 17.49% -8.87% 4.51%
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 26, 2021

Cumulative performance table has 10 columns. Table columns are YTD, 1 Mo, 3 Mo, 6 Mo, 1 Year, 2 Year, 3 Year, 5 Year, 10 Year, Since Inception
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -9.51% -5.51% -9.93% -9.70% -5.67% 10.07% 15.90% 12.28% 64.41% 70.97%
Index -9.34% -5.37% -9.73% -9.50% -5.40% 10.56% 16.60% 13.53% 68.04% 75.03%

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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 history table has 7 columns. Table columns are Distribution Period, Ex-Dividend Date, Record Date, Pay Date, Cash Distribution Per Unit, Reinvested Distribution Per Unit, Total Distribution Per Unit
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, 2021 Jan 27, 2021 Jan 28, 2021 Feb 02, 2021 0.043000 0.000000 0.043000
Feb, 2021 Feb 24, 2021 Feb 25, 2021 Mar 02, 2021 0.043000 0.000000 0.043000
Mar, 2021 Mar 29, 2021 Mar 30, 2021 Apr 05, 2021 - - -
Apr, 2021 Apr 28, 2021 Apr 29, 2021 May 04, 2021 - - -
May, 2021 May 26, 2021 May 27, 2021 Jun 02, 2021 - - -
Jun, 2021 Jun 28, 2021 Jun 29, 2021 Jul 06, 2021 - - -
Jul, 2021 Jul 28, 2021 Jul 29, 2021 Aug 04, 2021 - - -
Aug, 2021 Aug 27, 2021 Aug 30, 2021 Sep 02, 2021 - - -
Sep, 2021 Sep 28, 2021 Sep 29, 2021 Oct 04, 2021 - - -
Oct, 2021 Oct 27, 2021 Oct 28, 2021 Nov 02, 2021 - - -
Nov, 2021 Nov 26, 2021 Nov 29, 2021 Dec 02, 2021 - - -
Dec, 2021 Dec 29, 2021 Dec 30, 2021 Jan 05, 2022 - - -
Download Distribution Tax (Excel)
Distribution tax table has 9 columns. Table columns are Distribution Period, Eligible Dividends, Non Eligible Dividends, Other Income, Capital Gains, Return on Capital, Foreign Income, Foreign Tax Paid, Total Distribution per Unit for Tax Purpose
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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Holdings & Allocations

Daily Holdings

As of Mar 02, 2021

Fixed Income

100.03%

Cash and Cash Equivalents

-0.03%

Number of Holdings

18

Total Net Assets

$ 2,191,431,320.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 10 columns. Table columns are Weight (%), Name, ISIN, Par Value, Currency, Coupon, Maturity, Base Market Value, Sector, Asset Class
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
16.86% CANADIAN GOVERNMENT BOND 2% 01Dec2051 CA135087H722 349,515,000 CAD 2.00 12/01/2051 369,477,492 Government Bonds Fixed Income
16.31% CANADIAN GOVERNMENT BOND 3.5% 01Dec2045 CA135087ZS68 262,455,000 CAD 3.50 12/01/2045 357,481,411 Government Bonds Fixed Income
14.58% CANADIAN GOVERNMENT BOND 4% 01Jun2041 CA135087YQ12 226,555,000 CAD 4.00 06/01/2041 319,489,411 Government Bonds Fixed Income
12.23% CANADIAN GOVERNMENT BOND 2.75% 01Dec2048 CA135087D358 219,075,000 CAD 2.75 12/01/2048 268,112,495 Government Bonds Fixed Income
10.05% CANADIAN GOVERNMENT BOND 5% 01Jun2037 CA135087XW98 146,345,000 CAD 5.00 06/01/2037 220,205,043 Government Bonds Fixed Income
9.11% CANADIAN GOVERNMENT BOND 5.75% 01Jun2033 CA135087XG49 133,475,000 CAD 5.75 06/01/2033 199,548,993 Government Bonds Fixed Income
6.50% CANADIAN GOVERNMENT BOND 2.75% 01Dec2064 CA135087C939 109,495,000 CAD 2.75 12/01/2064 142,362,730 Government Bonds Fixed Income
3.60% LABRADOR-ISLAND LINK FUNDING TRUST 3.85% 01Dec2053 CA505443AC50 58,770,000 CAD 3.85 12/01/2053 78,799,737 - Fixed Income
3.30% CANADA HOUSING TRUST NO 1 1.1% 15Mar2031 CA13509PHQ96 76,280,000 CAD 1.10 03/15/2031 72,362,153 Government Bonds Fixed Income
2.16% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.86% 01Dec2048 CA628153AC27 36,527,000 CAD 3.86 12/01/2048 47,432,366 - Fixed Income
1.33% CANADA HOUSING TRUST NO 1 1.4% 15Mar2031 CA13509PHS52 30,000,000 CAD 1.40 03/15/2031 29,209,272 Government Bonds Fixed Income
1.09% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.83% 01Jun2037 CA628153AB44 19,340,000 CAD 3.83 06/01/2037 23,895,473 - Fixed Income
0.96% ROYAL OFFICE FINANCE LP 5.21% 12Nov2037 CA780632AA37 16,650,799 CAD 5.21 11/12/2037 21,101,246 - Fixed Income
0.71% LABRADOR-ISLAND LINK FUNDING TRUST 3.76% 01Jun2033 CA505443AA94 13,040,000 CAD 3.76 06/01/2033 15,656,179 - Fixed Income
0.65% LABRADOR-ISLAND LINK FUNDING TRUST 3.86% 01Dec2045 CA505443AB77 11,169,000 CAD 3.86 12/01/2045 14,303,200 - Fixed Income
0.43% CANADA POST CORP 4.36% 16Jul2040 CA13521JAB76 7,090,000 CAD 4.36 07/16/2040 9,394,469 Government Bonds Fixed Income
0.15% MARITIME LINK FINANCING TRUST 3.5% 01Dec2052 CA570344AA98 2,742,154 CAD 3.50 12/01/2052 3,191,823 - Fixed Income
-0.03% CASH - 1 CAD - - -592,279 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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