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Overview

Fund Profile

Key Facts

Fund Ticker ZMI
Net Assets (Mn)
(Dec 03, 2020)
$ 103.67
Base Currency CAD
Closing Market Price $ 16.16
12-Month Low/High (Market Price) $ 12.36 / $ 16.91
Closing NAV Price
(Dec 03, 2020)
$ 16.1329
12-Month Low/High (Price (NAV)) $ 12.8947 / $ 16.9166
Annualized Distribution Yield
(Nov 20, 2020)

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

4.12%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.61%
Market Volume 22,470
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 6,426
Index -
Market Cap ($Bn)
(Oct 30, 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)
(Dec 03, 2020)
$ 103.67
Market Price $ 16.16
12-Month Low/High (Market Price) $ 12.36 / $ 16.91
Price (NAV) $ 16.1329
12-Month Low/High (Price (NAV)) $ 12.8947 / $ 16.9166
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 16.16 $ 0.02 0.12%
Price (NAV) $ 16.1329 $ 0.0118 0.07%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.68% 5.90% 3.83% 4.82% - 5.21%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Nov 30, 2020

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 1.47% 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: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.47% 6.92% 4.49% 8.58% 1.68% 12.16% 11.94% 26.54% - 64.89%
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 0.060000 0.000000 0.060000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.060000 0.000000 0.060000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.060000 0.000000 0.060000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.060000 0.000000 0.060000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.060000 0.000000 0.060000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.060000 0.000000 0.060000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.055000 0.000000 0.055000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.055000 0.000000 0.055000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.055000 0.000000 0.055000
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 Dec 03, 2020

Stock

60.01%

Fixed Income

39.95%

Cash and Cash Equivalents

0.04%

Number of Holdings

9

Total Net Assets

$ 103,670,080.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
24.50% BMO CORPORATE BOND INDEX ETF CA05585M1032 ZCB 471,924 CAD 25,395,094 - Fixed Income
18.45% BMO US DIVIDEND ETF CA05575X1197 ZDY 618,096 CAD 19,125,330 - Stock
14.95% BMO GLOBAL HIGH DIVIDEND COVERED CALL ETF CA05600B1085 ZWG 535,562 CAD 15,498,441 - Stock
12.86% BMO CANADIAN DIVIDEND ETF CA05590R1055 ZDV 810,824 CAD 13,326,922 - Stock
10.52% BMO MID-TERM US IG CORPORATE BOND HEDGED TO CAD INDEX ETF CA05575W1032 ZMU 683,416 CAD 10,905,761 - Fixed Income
8.79% BMO INTERNATIONAL DIVIDEND ETF CA09658Q1081 ZDI 477,490 CAD 9,117,485 - Stock
4.96% BMO PREMIUM YIELD ETF CA05600A3082 ZPAY/F 167,930 CAD 5,139,894 - Stock
4.94% BMO US PREFERRED SHARE HEDGED TO CAD INDEX ETF CA09661J1093 ZHP 209,480 CAD 5,117,923 - Fixed Income
0.04% CASH - - 1 CAD 43,204 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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