Fund Profile
Key Facts
| Fund Ticker | ZMI |
|---|---|
|
Net Assets (Mn) (Aug 15, 2022) |
$ 111.11 |
| Base Currency | CAD |
| Closing Market Price | $ 16.05 |
| 12-Month Low/High (Market Price) | $ 15.06 / $ 17.33 |
|
Closing NAV Price (Aug 15, 2022) |
$ 16.0429 |
| 12-Month Low/High (Price (NAV)) | $ 15.0708 / $ 17.3215 |
|
Annualized Distribution Yield (Aug 05, 2022) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
4.56% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.18% |
| Management Expense Ratio |
0.20% During the last year the management fee of this ETF was reduced. The adjusted MER is 0.20% and represents an estimate of what the MER would have been had the change been in effect during the full financial year. Footnote |
| Market Volume | 9,114 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Jan 28, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 6,926 |
| Index | - |
|
Market Cap ($Bn) (Jul 29, 2022) |
- |
| Exchange | TSX |
| CUSIP | 05572P101 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Monthly Income ETF has been designed to deliver the performance of an underlying basket of higher yielding BMO ETFs. ETFs are eligible to be selected by having a higher yield than either the equity market represented by the BMO S&P/TSX Capped Composite Index ETF (ZCN) or the fixed income market represented by the BMO Aggregate Bond Index ETF (ZAG). The holdings are weighted to emphasize yield, with 50 percent investment in each of equity and fixed income and a cap of 20 percent for each security. The ETF is rebalanced and reconstituted semi-annually in July and January. In addition, as ZMI is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Fund Benefits
- Designed for investors looking for higher yielding balanced ETFs
- Invested in a diversified portfolio of fixed income and equity BMO ETFs
- Professionally managed by BMO Global Asset Management
Risk Rating
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Performance Chart
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (Aug 15, 2022) |
$ 111.11 |
|---|---|
| Market Price | $ 16.05 |
| 12-Month Low/High (Market Price) | $ 15.06 / $ 17.33 |
| Price (NAV) | $ 16.0429 |
| 12-Month Low/High (Price (NAV)) | $ 15.0708 / $ 17.3215 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Aug 15, 2022) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 16.05 | $ 0.11 | 0.69% |
| Price (NAV) | $ 16.0429 | $ 0.0917 | 0.57% |
Performance
Annualized Performance (%) for period ending: Jul 29, 2022
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -2.55% | 5.50% | 3.58% | 4.17% | 4.32% | 4.92% |
| Index | - | - | - | - | - | - |
| Jul 29, 2022 |
Calendar Year Performance (%) for period ending: Jul 29, 2022
| YTD | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -6.16% | 11.14% | 2.54% | 13.26% | -2.15% | 5.24% | 6.85% | -1.58% | 9.37% | 3.21% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jul 29, 2022 |
Cumulative Performance (%) for period ending: Jul 29, 2022
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -6.16% | 3.85% | -0.21% | -4.95% | -2.55% | 11.30% | 11.14% | 22.69% | 52.65% | 73.79% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jul 29, 2022 |
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Distribution History
| 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 | 0.060000 | 0.000000 | 0.060000 |
| Feb, 2022 | Feb 24, 2022 | Feb 25, 2022 | Mar 02, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Mar, 2022 | Mar 29, 2022 | Mar 30, 2022 | Apr 04, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Apr, 2022 | Apr 27, 2022 | Apr 28, 2022 | May 03, 2022 | 0.060000 | 0.000000 | 0.060000 |
| May, 2022 | May 27, 2022 | May 30, 2022 | Jun 03, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Jun, 2022 | Jun 28, 2022 | Jun 29, 2022 | Jul 05, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Jul, 2022 | Jul 27, 2022 | Jul 28, 2022 | Aug 03, 2022 | 0.060000 | 0.000000 | 0.060000 |
| 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 | - | - | - |
| Year to Date | 0.420000 | 0.000000 | 0.420000 |
| 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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Daily Holdings
As of Aug 15, 2022
61.15%
38.65%
0.20%
9
$ 111,113,264.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 23.83% | BMO CORPORATE BOND INDEX ETF | CA05585M1032 | ZCB | 586,373 | CAD | 26,913,594 | - | Fixed Income |
| 20.16% | BMO US DIVIDEND ETF | CA05575X1197 | ZDY | 626,026 | CAD | 22,764,321 | - | Stock |
| 14.69% | BMO GLOBAL HIGH DIVIDEND COVERED CALL ETF | CA05600B1085 | ZWG | 584,171 | CAD | 16,589,557 | - | Stock |
| 13.24% | BMO CANADIAN DIVIDEND ETF | CA05590R1055 | ZDV | 739,958 | CAD | 14,950,792 | - | Stock |
| 10.01% | BMO MID-TERM US IG CORPORATE BOND HEDGED TO CAD INDEX ETF | CA05575W1032 | ZMU | 849,807 | CAD | 11,300,589 | - | Fixed Income |
| 7.98% | BMO INTERNATIONAL DIVIDEND ETF | CA09658Q1081 | ZDI | 483,898 | CAD | 9,005,710 | - | Stock |
| 5.08% | BMO PREMIUM YIELD ETF | CA05600A3082 | ZPAY/F | 193,778 | CAD | 5,740,053 | - | Stock |
| 4.81% | BMO US PREFERRED SHARE HEDGED TO CAD INDEX ETF | CA09661J1093 | ZHP | 241,970 | CAD | 5,427,752 | - | Fixed Income |
| 0.20% | CASH | - | - | 1 | CAD | 230,311 | - | Cash and Cash Equivalents |
Holdings Breakdown
Asset Allocation
has a donut chart divided into 2 ranges. Ranges are: 65.26%, Income Equity.34.74%, Corporate Bonds.
Geographic Allocation
has a donut chart divided into 3 ranges. Ranges are: 39.77%, United States.37.64%, Canada.22.59%, Other.
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.