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Overview

Fund Profile

Key Facts

Fund Ticker ZFM
Net Assets (Mn)
(Feb 25, 2020)
$ 656.54
Base Currency CAD
Closing Market Price $ 16.84
12-Month Low/High (Market Price) $ 16.13 / $ 17.01
Closing NAV Price
(Feb 25, 2020)
$ 16.8395
12-Month Low/High (Price (NAV)) $ 16.1362 / $ 17.0109
Weighted Average Term (Years) 7.27
Weighted Average Coupon (%) 2.30%
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.

2.15%
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) 6.64
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 171,410
Distribution Frequency Monthly
Options Available No
Inception Date May 29, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 38,988
Index FTSE Canada Mid Term Federal Bond Index
Exchange TSX
CUSIP 05590L108
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Mid Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Mid Term Federal Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between five and 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 Canada Mid Term Federal Bond IndexTM consists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity between five and ten years, a credit rating of AAA and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. 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 re-balanced on a daily basis.

Fund Benefits

  • Designed for investors looking for consistent income
  • Invested in a diversified portfolio of federal bonds
  • Includes bonds with five to 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)
$ 656.54
Market Price $ 16.84
12-Month Low/High (Market Price) $ 16.13 / $ 17.01
Price (NAV) $ 16.8395
12-Month Low/High (Price (NAV)) $ 16.1362 / $ 17.0109
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 16.84 - -
Price (NAV) $ 16.8395 $ 0.0072 0.04%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 5.59% 5.16% 2.60% 1.53% 3.75% 3.72%
Index 5.86% 5.39% 2.84% 1.76% 3.87% 3.90%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 2.97% 3.56% 2.22% -0.93% -0.32% 4.89% 8.50% -2.37% 2.79% 11.75%
Index 3.00% 3.83% 2.40% -0.66% -0.06% 5.08% 8.66% -2.17% 2.88% 11.61%
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 2.97% 2.97% 1.35% 2.10% 5.59% 10.59% 8.00% 7.88% 44.48% 47.65%
Index 3.00% 3.00% 1.41% 2.18% 5.86% 11.06% 8.75% 9.12% 46.21% 50.45%

The ETF started tracking the FTSE TMX Canada Mid Term Federal Bond Index™ on June 1, 2010. Previously, it was tracking the CITI Canada Government Bond Index.

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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, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.030000 0.000000 0.030000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.030000 0.000000 0.030000
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

100.04%

Cash and Cash Equivalents

-0.04%

Number of Holdings

22

Total Net Assets

$ 656,536,956.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
13.90% CANADIAN GOVERNMENT BOND 2.25% 01Jun2025 CA135087D507 86,115,000 CAD 2.25 06/01/2025 91,242,458 Government Bonds Fixed Income
12.33% CANADIAN GOVERNMENT BOND 1% 01Jun2027 CA135087F825 81,925,000 CAD 1.00 06/01/2027 80,960,790 Government Bonds Fixed Income
9.38% CANADIAN GOVERNMENT BOND 2% 01Jun2028 CA135087H235 57,690,000 CAD 2.00 06/01/2028 61,567,935 Government Bonds Fixed Income
9.01% CANADIAN GOVERNMENT BOND 2.25% 01Jun2029 CA135087J397 53,885,000 CAD 2.25 06/01/2029 59,173,027 Government Bonds Fixed Income
7.66% CANADIAN GOVERNMENT BOND 5.75% 01Jun2029 CA135087WL43 35,700,000 CAD 5.75 06/01/2029 50,272,271 Government Bonds Fixed Income
6.74% CANADIAN GOVERNMENT BOND 1.5% 01Jun2026 CA135087E679 43,265,000 CAD 1.50 06/01/2026 44,226,470 Government Bonds Fixed Income
6.04% CANADA HOUSING TRUST NO 1 1.9% 15Sep2026 CA13509PFL28 38,440,000 CAD 1.90 09/15/2026 39,624,296 Government Bonds Fixed Income
5.48% CANADA HOUSING TRUST NO 1 2.65% 15Dec2028 CA13509PGS61 32,940,000 CAD 2.65 12/15/2028 35,976,407 Government Bonds Fixed Income
4.67% CANADA HOUSING TRUST NO 1 2.25% 15Dec2025 CA13509PFD02 29,320,000 CAD 2.25 12/15/2025 30,644,227 Government Bonds Fixed Income
4.41% CANADA HOUSING TRUST NO 1 1.95% 15Dec2025 CA13509PFA62 28,165,000 CAD 1.95 12/15/2025 28,953,966 Government Bonds Fixed Income
4.18% CANADA HOUSING TRUST NO 1 2.35% 15Jun2027 CA13509PFX65 25,916,000 CAD 2.35 06/15/2027 27,431,588 Government Bonds Fixed Income
4.14% CANADA HOUSING TRUST NO 1 2.55% 15Mar2025 CA13509PER07 25,552,000 CAD 2.55 03/15/2025 27,153,364 Government Bonds Fixed Income
2.85% CANADA HOUSING TRUST NO 1 2.65% 15Mar2028 CA13509PGL19 17,100,000 CAD 2.65 03/15/2028 18,680,070 Government Bonds Fixed Income
2.46% CANADIAN GOVERNMENT BOND 1.25% 01Mar2025 CA135087K528 16,000,000 CAD 1.25 03/01/2025 16,120,646 Government Bonds Fixed Income
2.33% CANADA HOUSING TRUST NO 1 2.1% 15Sep2029 CA13509PHD83 14,500,000 CAD 2.10 09/15/2029 15,285,808 Government Bonds Fixed Income
1.47% CANADA HOUSING TRUST NO 1 2.35% 15Mar2028 CA13509PGF41 9,014,000 CAD 2.35 03/15/2028 9,631,325 Government Bonds Fixed Income
1.22% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.63% 01Jun2029 CA628153AA60 6,840,000 CAD 3.63 06/01/2029 8,000,355 PROVINCIAL BOND Fixed Income
1.10% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.95% 20Sep2029 CA459058HF31 7,040,000 CAD 1.95 09/20/2029 7,240,011 SUPRANATIONAL BONDS Fixed Income
0.30% CPPIB CAPITAL INC 3% 15Jun2028 CA12593CAF82 1,800,000 CAD 3.00 06/15/2028 1,974,634 Government Bonds Fixed Income
0.25% CPPIB CAPITAL INC 1.95% 30Sep2029 CA12593CAH49 1,600,000 CAD 1.95 09/30/2029 1,629,802 Government Bonds Fixed Income
0.16% PSP CAPITAL INC 2.05% 15Jan2030 CA69363TAN24 1,000,000 CAD 2.05 01/15/2030 1,023,254 Government Bonds Fixed Income
-0.04% CASH - 1 CAD - - -275,847 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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