Overview

Fund Profile

Key Facts

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

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

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 14.49 $ 0.05 0.35%
Price (NAV) $ 14.4598 $ 0.0384 0.27%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -16.43% -14.42% -5.03% -0.01% 0.83% 3.05%
Index -16.32% -14.17% -4.80% 0.20% 1.08% 3.28%
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013
NAV -17.53% -7.37% 12.94% 8.13% 3.24% 2.56% -1.15% 5.04% 17.14% -9.13%
Index -17.33% -7.12% 13.07% 8.39% 3.36% 2.72% -0.79% 5.37% 17.49% -8.87%
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

Table for cumulative performance. For period ending
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -17.53% 7.65% 1.85% -11.31% -16.43% -26.77% -14.35% -0.03% 8.58% 44.34%
Index -17.33% 7.66% 1.96% -11.17% -16.32% -26.34% -13.72% 1.02% 11.33% 48.24%

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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)
Table for distribution history. For period ending
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, 2022 Jan 27, 2022 Jan 28, 2022 Feb 02, 2022 0.043000 0.000000 0.043000
Feb, 2022 Feb 24, 2022 Feb 25, 2022 Mar 02, 2022 0.043000 0.000000 0.043000
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.043000 0.000000 0.043000
Apr, 2022 Apr 27, 2022 Apr 28, 2022 May 03, 2022 0.043000 0.000000 0.043000
May, 2022 May 27, 2022 May 30, 2022 Jun 03, 2022 0.043000 0.000000 0.043000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.043000 0.000000 0.043000
Jul, 2022 Jul 27, 2022 Jul 28, 2022 Aug 03, 2022 0.043000 0.000000 0.043000
Aug, 2022 Aug 29, 2022 Aug 30, 2022 Sep 02, 2022 - - -
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Oct, 2022 Oct 27, 2022 Oct 28, 2022 Nov 02, 2022 - - -
Nov, 2022 Nov 28, 2022 Nov 29, 2022 Dec 02, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
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 Aug 15, 2022

Fixed Income

100.03%

Cash and Cash Equivalents

-0.03%

Number of Holdings

20

Total Net Assets

$ 1,700,623,185.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 4 columns. Table columns are Weight (%), Name, ISIN, Base Market Value
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
29.03% CANADIAN GOVERNMENT BOND 2% 01Dec2051 CA135087H722 590,288,000 CAD 2.00 12/01/2051 493,688,546 Government Bonds Fixed Income
13.59% CANADIAN GOVERNMENT BOND 1.75% 01Dec2053 CA135087M680 296,841,000 CAD 1.75 12/01/2053 231,183,973 Government Bonds Fixed Income
9.56% CANADIAN GOVERNMENT BOND 3.5% 01Dec2045 CA135087ZS68 145,631,000 CAD 3.50 12/01/2045 162,541,115 Government Bonds Fixed Income
9.47% CANADIAN GOVERNMENT BOND 4% 01Jun2041 CA135087YQ12 137,573,000 CAD 4.00 06/01/2041 161,073,648 Government Bonds Fixed Income
8.01% CANADIAN GOVERNMENT BOND 2.75% 01Dec2048 CA135087D358 137,895,000 CAD 2.75 12/01/2048 136,240,598 Government Bonds Fixed Income
5.74% CANADIAN GOVERNMENT BOND 5% 01Jun2037 CA135087XW98 77,160,000 CAD 5.00 06/01/2037 97,680,806 Government Bonds Fixed Income
5.47% CANADIAN GOVERNMENT BOND 2.75% 01Dec2064 CA135087C939 94,691,000 CAD 2.75 12/01/2064 92,967,069 Government Bonds Fixed Income
4.86% CANADIAN GOVERNMENT BOND 5.75% 01Jun2033 CA135087XG49 64,245,000 CAD 5.75 06/01/2033 82,734,746 Government Bonds Fixed Income
3.18% CANADIAN GOVERNMENT BOND 2.5% 01Dec2032 CA135087P329 55,100,000 CAD 2.50 12/01/2032 54,021,942 Government Bonds Fixed Income
3.06% CANADA HOUSING TRUST NO 1 3.55% 15Sep2032 CA13509PJC82 49,940,000 CAD 3.55 09/15/2032 51,970,700 Government Bonds Fixed Income
1.92% LABRADOR-ISLAND LINK FUNDING TRUST 3.85% 01Dec2053 CA505443AC50 31,470,000 CAD 3.85 12/01/2053 32,570,372 - Fixed Income
1.51% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.86% 01Dec2048 CA628153AC27 25,027,000 CAD 3.86 12/01/2048 25,682,099 - Fixed Income
1.07% LABRADOR-ISLAND LINK FUNDING TRUST 3.76% 01Jun2033 CA505443AA94 17,540,000 CAD 3.76 06/01/2033 18,146,762 - Fixed Income
1.01% ROYAL OFFICE FINANCE LP 5.21% 12Nov2037 CA780632AA37 15,540,182 CAD 5.21 11/12/2037 17,195,221 - Fixed Income
0.89% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.83% 01Jun2037 CA628153AB44 14,840,000 CAD 3.83 06/01/2037 15,215,031 - Fixed Income
0.64% LABRADOR-ISLAND LINK FUNDING TRUST 3.86% 01Dec2045 CA505443AB77 10,669,000 CAD 3.86 12/01/2045 10,919,618 - Fixed Income
0.45% CANADA POST CORP 4.36% 16Jul2040 CA13521JAB76 7,090,000 CAD 4.36 07/16/2040 7,715,176 Government Bonds Fixed Income
0.41% MARITIME LINK FINANCING TRUST 3.5% 01Dec2052 CA570344AA98 7,071,308 CAD 3.50 12/01/2052 6,948,306 - Fixed Income
0.15% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.38% 01Jun2057 CA628153DS42 2,750,000 CAD 3.38 06/01/2057 2,590,651 - Fixed Income
-0.03% CASH - 1 CAD - - -463,602 - 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 1 range. The range is: 100%, Canada.

Maturity

has a donut chart divided into 5 ranges. Ranges are: 19.9%, 10-15 Years.9.87%, 15-20 Years.10.16%, 20-25 Years.38.48%, 25-30 Years.21.57%, 30+ Years.

Credit Allocation

has a donut chart divided into 1 range. The range is: 100%, AAA.

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