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 ($Bn) (Jan 31, 2020) |
- |
| Exchange | TSX |
| CUSIP | 05572P101 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Monthly Income ETF has been designed to deliver the performance of an underlying basket of higher yielding BMO ETFs. ETFs are eligible to be selected by having a higher yield than either the equity market represented by the BMO S&P/TSX Capped Composite Index ETF (ZCN) or the fixed income market represented by the BMO Aggregate Bond Index ETF (ZAG). The holdings are weighted to emphasize yield, with 50 percent investment in each of equity and fixed income and a cap of 20 percent for each security. The ETF is rebalanced and reconstituted semi-annually in July and January. In addition, as ZMI is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.
Fund Benefits
- Designed for investors looking for higher yielding balanced ETFs
- Invested in a diversified portfolio of fixed income and equity BMO ETFs
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Performance Details
| Fund Total Assets ($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 (%) 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 | - | - | - | - | - | - |
| Jan 31, 2020 |
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 | - | - | - | - | - | - | - | - | - | - |
| Jan 31, 2020 |
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 | - | - | - | - | - | - | - | - | - | - |
| Jan 31, 2020 |
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Distribution History
| 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 | - | - | - |
| Year to Date | 0.120000 | 0.000000 | 0.120000 |
| 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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Daily Holdings
As of Feb 27, 2020
53.85%
46.30%
-0.15%
17
$ 118,209,339.00
Download Holdings (Excel)
| 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 |
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.