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Overview

Fund Profile

Key Facts

Fund Ticker ZMBS
Net Assets (Mn)
(Jul 06, 2020)
$ 105.78
Base Currency CAD
Closing Market Price $ 30.69
12-Month Low/High (Market Price) $ 29.99 / $ 30.74
Closing NAV Price
(Jul 06, 2020)
$ 30.6613
12-Month Low/High (Price (NAV)) $ 29.9887 / $ 30.6915
Weighted Average Term (Years) 2.77
Weighted Average Coupon (%) 1.74%
Annualized Distribution Yield
(Jun 26, 2020)

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

1.57%
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.

0.66%
Weighted Average Duration (Years) 2.20
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%

Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year.

Market Volume 407
Distribution Frequency Monthly
Options Available No
Inception Date Feb 05, 2020
Fiscal Year-End December 31
Units Outstanding (000's) 3,450
Index FTSE Canada NHA MBS 975 Index
Exchange TSX
CUSIP 05591H106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Canadian MBS Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada NHA MBS 975 Index, net of expenses. The Fund invests in a variety of mortgage backed securities with a term to maturity greater than one year. Mortgages held within the Index are guaranteed by the Canada Mortgage and Housing Corporation.

Benchmark Info

The FTSE Canada NHA MBS 975 Index consists of a liquid universe of Canadian issued mortgage backed securities that are insured by Canada Mortgage and Housing Corporation with a minimum issue size of $200 million and $100 million outstanding. Each security is weighted by its relative market capitalization and rebalanced monthly. The Index includes securities denominated in Canadian dollars, with a term to maturity greater than one year.

Fund Benefits

  • Designed for investors looking for defensive income
  • Invested in a diversified portfolio of mortgage backed securities
  • Includes bonds with greater than one year 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 Details

Fund Total Assets ($Mn)
(Jul 06, 2020)
$ 105.78
Market Price $ 30.69
12-Month Low/High (Market Price) $ 29.99 / $ 30.74
Price (NAV) $ 30.6613
12-Month Low/High (Price (NAV)) $ 29.9887 / $ 30.6915
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jul 06, 2020)
1 Day Change 1 Day % Change
Market Price $ 30.69 - -
Price (NAV) $ 30.6613 $ 0.0005 -

Performance

Annualized Performance

Annualized Performance (%) for period ending: -

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV - - - - - -
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: -

YTD
NAV -
Index -
Cumulative Performance

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 - - - - - - - - - -
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
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.040000 0.000000 0.040000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.040000 0.000000 0.040000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.040000 0.000000 0.040000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.040000 0.000000 0.040000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.040000 0.000000 0.040000
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 - - -
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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 Jul 06, 2020

Fixed Income

99.84%

Cash and Cash Equivalents

0.16%

Number of Holdings

33

Total Net Assets

$ 105,781,550.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
13.63% CANADIAN MORTGAGE POOLS 1.45% 01Dec2021 CA62945ZV980 14,245,848 CAD 1.45 12/01/2021 14,413,661 - Fixed Income
12.08% CANADIAN MORTGAGE POOLS 1.45% 01Oct2021 CA62945ZLQ14 12,643,791 CAD 1.45 10/01/2021 12,778,319 - Fixed Income
6.83% CANADIAN MORTGAGE POOLS 1.89% 01Oct2024 CA62958ZJH88 6,983,336 CAD 1.89 10/01/2024 7,227,127 - Fixed Income
6.11% CANADIAN MORTGAGE POOLS 1.9% 01Jul2024 CA62957ZGE93 6,308,173 CAD 1.90 07/01/2024 6,459,673 - Fixed Income
5.93% CANADIAN MORTGAGE POOLS 2.04% 01Feb2023 CA62950ZZE55 6,103,069 CAD 2.04 02/01/2023 6,276,254 - Fixed Income
5.59% CANADIAN MORTGAGE POOLS 1.12% 01Mar2025 CA62959Z3V36 5,866,176 CAD 1.12 03/01/2025 5,916,853 - Fixed Income
5.25% CANADIAN MORTGAGE POOLS 1.8% 01Sep2024 CA62957ZT476 5,389,747 CAD 1.80 09/01/2024 5,554,108 - Fixed Income
3.76% CANADIAN MORTGAGE POOLS 1.65% 01Oct2024 CA62958ZFT62 3,881,754 CAD 1.65 10/01/2024 3,982,038 - Fixed Income
3.65% CANADIAN MORTGAGE POOLS 2.39% 01May2023 CA62951ZG393 3,704,514 CAD 2.39 05/01/2023 3,856,685 - Fixed Income
3.58% CANADIAN MORTGAGE POOLS 2.65% 01Sep2023 CA62953ZST70 3,605,592 CAD 2.65 09/01/2023 3,790,465 - Fixed Income
3.55% CANADIAN MORTGAGE POOLS 2.49% 01Jun2023 CA62952ZBE93 3,599,705 CAD 2.49 06/01/2023 3,759,678 - Fixed Income
3.09% CANADIAN MORTGAGE POOLS 1.55% 01Jun2021 CA62944ZTS07 3,241,745 CAD 1.55 06/01/2021 3,271,146 - Fixed Income
3.08% CANADIAN MORTGAGE POOLS 1.89% 01Sep2022 CA62948ZTJ61 3,181,908 CAD 1.89 09/01/2022 3,257,181 - Fixed Income
2.93% CANADIAN MORTGAGE POOLS 1.84% 01Dec2022 CA62949ZE517 3,029,481 CAD 1.84 12/01/2022 3,102,996 - Fixed Income
2.92% CANADIAN MORTGAGE POOLS 2.29% 01Feb2023 CA62950ZG551 2,976,547 CAD 2.29 02/01/2023 3,083,696 - Fixed Income
2.85% CANADIAN MORTGAGE POOLS 1.74% 01Jan2025 CA62959ZRN55 2,927,816 CAD 1.74 01/01/2025 3,016,740 - Fixed Income
1.99% CANADIAN MORTGAGE POOLS 1.62% 01Mar2022 CA62946ZC806 2,075,282 CAD 1.62 03/01/2022 2,106,443 - Fixed Income
1.55% CANADIAN MORTGAGE POOLS 1.27% 01Jul2021 CA62944ZWS69 1,626,052 CAD 1.27 07/01/2021 1,636,888 - Fixed Income
1.42% CANADIAN MORTGAGE POOLS 1.25% 01Mar2025 CA62960ZDA53 1,480,868 CAD 1.25 03/01/2025 1,500,572 - Fixed Income
1.35% CANADIAN MORTGAGE POOLS 2.08% 01Apr2024 CA62955Z4V66 1,372,727 CAD 2.08 04/01/2024 1,423,326 - Fixed Income
1.09% CANADIAN MORTGAGE POOLS 1.37% 01Nov2021 CA62945ZWB26 1,146,416 CAD 1.37 11/01/2021 1,158,139 - Fixed Income
1.08% CANADIAN MORTGAGE POOLS 1.72% 01Oct2024 CA62958ZDX92 1,113,905 CAD 1.72 10/01/2024 1,142,712 - Fixed Income
0.94% CANADIAN MORTGAGE POOLS 1.3% 01Aug2021 CA62944ZK754 989,019 CAD 1.30 08/01/2021 996,966 - Fixed Income
0.94% CANADIAN MORTGAGE POOLS 1.95% 01Sep2024 CA62957Z4E22 958,937 CAD 1.95 09/01/2024 996,044 - Fixed Income
0.90% CANADIAN MORTGAGE POOLS 1.7% 01Jun2024 CA62956ZVC71 927,558 CAD 1.70 06/01/2024 952,152 - Fixed Income
0.84% CANADIAN MORTGAGE POOLS 1.35% 01Sep2021 CA62945ZBM10 879,684 CAD 1.35 09/01/2021 887,176 - Fixed Income
0.72% CANADIAN MORTGAGE POOLS 1.42% 01Jun2022 CA62947ZWC80 753,064 CAD 1.42 06/01/2022 763,589 - Fixed Income
0.70% CANADIAN MORTGAGE POOLS 1.35% 01Mar2022 CA62946Z6Y03 733,932 CAD 1.35 03/01/2022 742,362 - Fixed Income
0.56% CANADIAN MORTGAGE POOLS 1.75% 01Jun2024 CA62956ZVB98 575,100 CAD 1.75 06/01/2024 591,288 - Fixed Income
0.46% CANADIAN MORTGAGE POOLS 1.5% 01Aug2024 CA62957ZTA35 477,590 CAD 1.50 08/01/2024 486,450 - Fixed Income
0.25% CANADIAN MORTGAGE POOLS 2.05% 01Feb2024 CA62956ZCM64 257,615 CAD 2.05 02/01/2024 266,825 - Fixed Income
0.20% CANADIAN MORTGAGE POOLS 1.47% 01Jan2022 CA62947ZFB90 213,109 CAD 1.47 01/01/2022 213,620 - Fixed Income
0.16% CASH - 1 CAD - - 170,383 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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