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Overview

Fund Profile

Key Facts

Fund Ticker ZMI
Net Assets (Mn)
(Sep 18, 2019)
$ 108.22
Base Currency CAD
Closing Market Price $ 16.35
12-Month Low/High (Market Price) $ 14.96 / $ 16.35
Closing NAV Price
(Sep 18, 2019)
$ 16.3330
12-Month Low/High (Price (NAV)) $ 14.9462 / $ 16.3330
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.

4.42%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.61%
Market Volume 15,272
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 6,626
Index -
Market Cap ($Bn)
(Aug 30, 2019)
-
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)
(Sep 18, 2019)
$ 108.22
Market Price $ 16.35
12-Month Low/High (Market Price) $ 14.96 / $ 16.35
Price (NAV) $ 16.3330
12-Month Low/High (Price (NAV)) $ 14.9462 / $ 16.3330
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 16.35 $ 0.04 0.25%
Price (NAV) $ 16.3330 $ 0.0231 0.14%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 5.08% 4.96% 4.74% 3.36% - 5.37%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 9.28% -2.15% 5.24% 6.85% -1.58% 9.37% 3.21% 10.13% 6.58%
Index - - - - - - - - -
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 9.28% 0.27% 2.39% 3.77% 5.08% 10.16% 14.92% 17.98% - 56.80%
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 0.060000 0.000000 0.060000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.060000 0.000000 0.060000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.060000 0.000000 0.060000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.060000 0.000000 0.060000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.060000 0.000000 0.060000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.060000 0.000000 0.060000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.060000 0.000000 0.060000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.060000 0.000000 0.060000
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

Stock

55.02%

Fixed Income

44.96%

Cash and Cash Equivalents

0.01%

Number of Holdings

17

Total Net Assets

$ 108,222,591.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
17.53% BMO SHORT CORPORATE BOND INDEX ETF CA0559761048 ZCS 1,337,038 CAD 18,975,163 - Fixed Income
8.91% BMO EUROPE HIGH DIVIDEND COVERED CALL HEDGED TO CAD ETF CA05580X1042 ZWE 468,570 CAD 9,643,564 - Stock
8.26% BMO CANADIAN DIVIDEND ETF CA05590R1055 ZDV 510,888 CAD 8,937,189 - Stock
7.79% BMO US HIGH DIVIDEND COVERED CALL ETF CA05579F1062 ZWH 399,313 CAD 8,434,625 - Stock
7.51% BMO COVERED CALL DOW JONES INDUSTRIAL AVERAGE HEDGED TO CAD ETF CA05573X1033 ZWA 347,230 CAD 8,122,574 - Stock
7.39% BMO EQUAL WEIGHT REITS INDEX ETF CA05560G1054 ZRE 323,047 CAD 7,995,420 - Stock
6.30% BMO INTERNATIONAL DIVIDEND ETF CA09658Q1081 ZDI 327,682 CAD 6,818,148 - Stock
5.97% BMO SHORT-TERM US IG CORPORATE BOND HEDGED TO CAD INDEX ETF CA05579D1015 ZSU 440,718 CAD 6,458,991 - Fixed Income
5.40% BMO MID-TERM US IG CORPORATE BOND HEDGED TO CAD INDEX ETF CA05575W1032 ZMU 384,850 CAD 5,842,677 - Fixed Income
5.21% BMO US PREFERRED SHARE INDEX ETF CA05591C1077 ZUP 221,043 CAD 5,638,747 - Fixed Income
4.92% BMO US PUT WRITE ETF CA05581B1013 ZPW 324,856 CAD 5,324,812 - Stock
4.04% BMO MID CORPORATE BOND INDEX ETF CA05571K1030 ZCM 263,211 CAD 4,367,813 - Fixed Income
3.95% BMO EQUAL WEIGHT UTILITIES INDEX ETF CA05590D1069 ZUT 224,724 CAD 4,270,792 - Stock
2.85% BMO SHORT PROVINCIAL BOND INDEX ETF CA0559751064 ZPS 231,472 CAD 3,082,029 - Fixed Income
2.06% BMO LONG CORPORATE BOND INDEX ETF CA05571J1066 ZLC 114,602 CAD 2,225,094 - Fixed Income
1.91% BMO EMERGING MARKETS BOND HEDGED TO CAD INDEX ETF CA05560F1071 ZEF 134,281 CAD 2,069,374 - Fixed Income
0.01% CASH - - 1 CAD 15,575 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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