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Overview

Fund Profile

Key Facts

Fund Ticker ZMI
Net Assets (Mn)
(Feb 27, 2020)
$ 116.11
Base Currency CAD
Closing Market Price $ 16.01
12-Month Low/High (Market Price) $ 15.89 / $ 16.91
Closing NAV Price
(Feb 27, 2020)
$ 16.0677
12-Month Low/High (Price (NAV)) $ 15.8811 / $ 16.9166
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.

4.27%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.61%
Market Volume 50,913
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 7,226
Index -
Market Cap ($Bn)
(Jan 31, 2020)
-
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

  • 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 27, 2020)
$ 116.11
Market Price $ 16.01
12-Month Low/High (Market Price) $ 15.89 / $ 16.91
Price (NAV) $ 16.0677
12-Month Low/High (Price (NAV)) $ 15.8811 / $ 16.9166
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 27, 2020)
1 Day Change 1 Day % Change
Market Price $ 16.01 $ -0.35 -2.14%
Price (NAV) $ 16.0677 $ -0.2912 -1.78%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 10.51% 6.06% 5.68% 4.20% - 5.65%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 0.98% 13.26% -2.15% 5.24% 6.85% -1.58% 9.37% 3.21% 10.13% 6.58%
Index - - - - - - - - - -
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 0.98% 0.98% 2.77% 4.94% 10.51% 12.49% 18.03% 22.86% - 64.09%
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, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.060000 0.000000 0.060000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.060000 0.000000 0.060000
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 - - -
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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 Feb 27, 2020

Stock

53.85%

Fixed Income

46.30%

Cash and Cash Equivalents

-0.15%

Number of Holdings

17

Total Net Assets

$ 118,209,339.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
18.11% BMO SHORT CORPORATE BOND INDEX ETF CA0559761048 ZCS 1,469,018 CAD 21,031,652 - Fixed Income
8.53% BMO EUROPE HIGH DIVIDEND COVERED CALL HEDGED TO CAD ETF CA05580X1042 ZWE 521,908 CAD 9,901,712 - Stock
8.28% BMO CANADIAN DIVIDEND ETF CA05590R1055 ZDV 557,148 CAD 9,611,655 - Stock
7.23% BMO COVERED CALL DOW JONES INDUSTRIAL AVERAGE HEDGED TO CAD ETF CA05573X1033 ZWA 389,576 CAD 8,392,133 - Stock
7.21% BMO US HIGH DIVIDEND COVERED CALL ETF CA05579F1062 ZWH 435,469 CAD 8,370,886 - Stock
7.03% BMO EQUAL WEIGHT REITS INDEX ETF CA05560G1054 ZRE 314,129 CAD 8,158,370 - Stock
6.35% BMO INTERNATIONAL DIVIDEND ETF CA09658Q1081 ZDI 379,164 CAD 7,376,287 - Stock
6.13% BMO SHORT-TERM US IG CORPORATE BOND HEDGED TO CAD INDEX ETF CA05579D1015 ZSU 480,624 CAD 7,113,192 - Fixed Income
5.64% BMO MID-TERM US IG CORPORATE BOND HEDGED TO CAD INDEX ETF CA05575W1032 ZMU 419,698 CAD 6,549,135 - Fixed Income
5.19% BMO US PREFERRED SHARE INDEX ETF CA05591C1077 ZUP 241,059 CAD 6,021,473 - Fixed Income
4.93% BMO US PUT WRITE ETF CA05581B1013 ZPW 370,630 CAD 5,727,256 - Stock
4.29% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 223,264 CAD 4,986,209 - Stock
4.20% BMO MID CORPORATE BOND INDEX ETF CA05571K1030 ZCM 287,043 CAD 4,872,733 - Fixed Income
2.89% BMO SHORT PROVINCIAL BOND INDEX ETF CA0559751064 ZPS 252,430 CAD 3,360,787 - Fixed Income
2.17% BMO LONG CORPORATE BOND INDEX ETF CA05571J1066 ZLC 124,982 CAD 2,519,342 - Fixed Income
1.97% BMO EMERGING MARKETS BOND HEDGED TO CAD INDEX ETF CA05560F1071 ZEF 146,443 CAD 2,289,537 - Fixed Income
-0.15% CASH - - 1 CAD -177,198 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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