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Overview

Fund Profile

Key Facts

Fund Ticker ZFM
Net Assets (Mn)
(Sep 18, 2019)
$ 501.49
Base Currency CAD
Closing Market Price $ 16.62
12-Month Low/High (Market Price) $ 15.48 / $ 17.01
Closing NAV Price
(Sep 18, 2019)
$ 16.6078
12-Month Low/High (Price (NAV)) $ 15.4599 / $ 17.0109
Weighted Average Term (Years) 7.79
Weighted Average Coupon (%) 2.49%
Annualized Distribution Yield
(Sep 13, 2019)

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

2.18%
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.

1.67%
Weighted Average Duration (Years) 7.01
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 547,710
Distribution Frequency Monthly
Options Available No
Inception Date May 29, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 30,196
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)
(Sep 18, 2019)
$ 501.49
Market Price $ 16.62
12-Month Low/High (Market Price) $ 15.48 / $ 17.01
Price (NAV) $ 16.6078
12-Month Low/High (Price (NAV)) $ 15.4599 / $ 17.0109
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 16.62 $ 0.03 0.18%
Price (NAV) $ 16.6078 $ 0.0247 0.15%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 9.14% 4.00% 1.35% 2.86% 3.90% 3.89%
Index 9.37% 4.23% 1.60% 3.09% 4.05% 4.07%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 6.80% 2.22% -0.93% -0.32% 4.89% 8.50% -2.37% 2.79% 11.75% 6.93%
Index 6.98% 2.40% -0.66% -0.06% 5.08% 8.66% -2.17% 2.88% 11.61% 7.17%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 6.80% 2.25% 2.34% 5.90% 9.14% 8.15% 4.11% 15.14% 46.63% 47.87%
Index 6.98% 2.22% 2.39% 6.00% 9.37% 8.63% 4.87% 16.41% 48.77% 50.50%

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.

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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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.028000 0.000000 0.028000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.028000 0.000000 0.028000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.028000 0.000000 0.028000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.028000 0.000000 0.028000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.028000 0.000000 0.028000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.028000 0.000000 0.028000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.030000 0.000000 0.030000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.030000 0.000000 0.030000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Oct, 2019 Oct 29, 2019 Oct 30, 2019 Nov 04, 2019 - - -
Nov, 2019 Nov 27, 2019 Nov 28, 2019 Dec 03, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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 Sep 18, 2019

Fixed Income

102.15%

Cash and Cash Equivalents

-2.15%

Number of Holdings

20

Total Net Assets

$ 501,489,354.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
12.23% CANADIAN GOVERNMENT BOND 5.75% 01Jun2029 CA135087WL43 43,700,000 CAD 5.75 06/01/2029 61,330,693 Government Fixed Income
10.42% CANADIAN GOVERNMENT BOND 2.25% 01Jun2025 CA135087D507 49,735,000 CAD 2.25 06/01/2025 52,249,090 Government Fixed Income
9.99% CANADIAN GOVERNMENT BOND 1% 01Jun2027 CA135087F825 51,535,000 CAD 1.00 06/01/2027 50,098,390 Government Fixed Income
9.10% CANADIAN GOVERNMENT BOND 1.5% 01Jun2026 CA135087E679 45,265,000 CAD 1.50 06/01/2026 45,651,170 Government Fixed Income
8.93% CANADIAN GOVERNMENT BOND 2% 01Jun2028 CA135087H235 42,550,000 CAD 2.00 06/01/2028 44,793,860 Government Fixed Income
7.31% CANADA HOUSING TRUST NO 1 1.9% 15Sep2026 CA13509PFL28 36,485,000 CAD 1.90 09/15/2026 36,683,054 Government Fixed Income
7.16% CANADIAN GOVERNMENT BOND 2.25% 01Jun2029 CA135087J397 33,235,000 CAD 2.25 06/01/2029 35,912,865 Government Fixed Income
6.38% CANADA HOUSING TRUST NO 1 2.55% 15Mar2025 CA13509PER07 30,752,000 CAD 2.55 03/15/2025 31,988,167 Government Fixed Income
5.38% CANADA HOUSING TRUST NO 1 2.35% 15Jun2027 CA13509PFX65 25,866,000 CAD 2.35 06/15/2027 26,988,101 Government Fixed Income
4.68% CANADA HOUSING TRUST NO 1 2.65% 15Dec2028 CA13509PGS61 21,830,000 CAD 2.65 12/15/2028 23,458,168 Government Fixed Income
4.08% CANADA HOUSING TRUST 2.1% 15Sep2029 CA13509PHD83 20,000,000 CAD 2.10 09/15/2029 20,447,227 - Fixed Income
4.06% CANADA HOUSING TRUST NO 1 2.25% 15Dec2025 CA13509PFD02 19,710,000 CAD 2.25 12/15/2025 20,342,015 Government Fixed Income
3.85% CANADA HOUSING TRUST NO 1 1.95% 15Dec2025 CA13509PFA62 19,060,000 CAD 1.95 12/15/2025 19,320,030 Government Fixed Income
2.24% CANADA HOUSING TRUST NO 1 2.65% 15Mar2028 CA13509PGL19 10,550,000 CAD 2.65 03/15/2028 11,217,041 Government Fixed Income
2.20% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.95% 20Sep2029 CA459058HF31 11,040,000 CAD 1.95 09/20/2029 11,053,120 Government Fixed Income
1.80% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.63% 01Jun CA628153AA60 7,840,000 CAD 3.63 06/01/2029 9,037,810 Utilities Fixed Income
1.35% CANADA HOUSING TRUST NO 1 2.35% 15Mar2028 CA13509PGF41 6,489,000 CAD 2.35 03/15/2028 6,746,773 Government Fixed Income
0.60% CANADA HOUSING TRUST 1.8% 15Dec2024 CA13509PHJ53 3,000,000 CAD 1.80 12/15/2024 3,004,184 - Fixed Income
0.39% CPPIB CAPITAL INC 3% 15Jun2028 CA12593CAF82 1,800,000 CAD 3.00 06/15/2028 1,946,313 Financial Fixed Income
-2.15% CASH - 1 CAD - - -10,778,611 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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