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Overview

Fund Profile

Key Facts

Fund Ticker ZMP
Net Assets (Mn)
(Sep 18, 2019)
$ 636.98
Base Currency CAD
Closing Market Price $ 15.34
12-Month Low/High (Market Price) $ 14.35 / $ 15.67
Closing NAV Price
(Sep 18, 2019)
$ 15.3297
12-Month Low/High (Price (NAV)) $ 14.3451 / $ 15.6579
Weighted Average Term (Years) 7.5
Weighted Average Coupon (%) 2.95%
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.

2.67%
Weighted Average Yield to Maturity (%)

Weighted Average Yield to Maturity: The market value weighted average yield to maturity includes the coupon payments and any capital gain or loss that the investor will realize by holding the bonds to maturity.

2.11%
Weighted Average Duration (Years) 6.66
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 68,657
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 41,552
Index FTSE Canada Mid Term Provincial Bond Index
Exchange TSX
CUSIP 05576Q105
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Mid Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Mid Term Provincial Bond IndexTM , net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between five and ten years. Securities held in the Index are generally issued or guaranteed by the Provincial Governments in Canada, by various agencies of the Provincial Governments, and by various instrumentalities that have been established or sponsored by Provincial Governments.

Benchmark Info

The FTSE Canada Mid Term Provincial Bond IndexTM consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity of five years to ten years, a credit rating of BBB or higher and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. The provincial sector consists of bonds issued by Canadian provinces and provincial or territorial corporations, incorporated under their respective jurisdiction. Each security in the Index is weighted by its relative market capitalization and re-balanced on a daily basis.

Fund Benefits

  • Designed for investors looking for consistent income
  • Invested in a diversified portfolio of provincial bonds
  • Includes bonds with five to ten years to maturity
  • 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)
$ 636.98
Market Price $ 15.34
12-Month Low/High (Market Price) $ 14.35 / $ 15.67
Price (NAV) $ 15.3297
12-Month Low/High (Price (NAV)) $ 14.3451 / $ 15.6579
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.34 $ 0.02 0.13%
Price (NAV) $ 15.3297 $ 0.0194 0.13%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 9.34% 4.62% 2.40% 3.74% - 3.69%
Index 9.65% 4.95% 2.72% 4.03% - 3.97%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013
NAV 7.78% 1.59% 0.95% 1.28% 4.87% 9.14% -1.41%
Index 7.99% 1.88% 1.31% 1.53% 5.13% 9.47% -1.28%
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 7.78% 1.88% 2.50% 6.09% 9.34% 9.46% 7.39% 20.12% - 26.33%
Index 7.99% 1.89% 2.57% 6.26% 9.65% 10.15% 8.39% 21.81% - 28.56%

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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.

Download Distribution History (Excel)
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 0.034000 0.000000 0.034000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.034000 0.000000 0.034000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.034000 0.000000 0.034000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.034000 0.000000 0.034000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.034000 0.000000 0.034000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.034000 0.000000 0.034000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.034000 0.000000 0.034000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.034000 0.000000 0.034000
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

Fixed Income

100.01%

Cash and Cash Equivalents

-0.01%

Number of Holdings

51

Total Net Assets

$ 636,978,357.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
10.40% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2027 CA68323AEE07 63,301,000 CAD 2.60 06/02/2027 66,219,384 Government Fixed Income
9.82% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2025 CA68323ACX06 59,976,000 CAD 2.60 06/02/2025 62,564,177 Government Fixed Income
8.06% PROVINCE OF ONTARIO CANADA 2.4% 02Jun2026 CA68323ADM32 49,751,000 CAD 2.40 06/02/2026 51,330,675 Government Fixed Income
7.83% PROVINCE OF ONTARIO CANADA 2.9% 02Jun2028 CA68333ZAC10 46,542,000 CAD 2.90 06/02/2028 49,888,898 Government Fixed Income
4.91% PROVINCE OF ONTARIO CANADA 6.5% 08Mar2029 CA683234LJ58 22,796,000 CAD 6.50 03/08/2029 31,266,525 Government Fixed Income
4.87% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2028 CA74814ZFD02 29,340,000 CAD 2.75 09/01/2028 30,998,485 Government Fixed Income
4.48% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2025 CA74814ZEV19 27,252,000 CAD 2.75 09/01/2025 28,526,592 Government Fixed Income
4.28% PROVINCE OF QUEBEC CANADA 2.5% 01Sep2026 CA74814ZEX74 26,361,000 CAD 2.50 09/01/2026 27,241,019 Government Fixed Income
4.26% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2027 CA74814ZFB46 25,738,000 CAD 2.75 09/01/2027 27,106,856 Government Fixed Income
3.30% PROVINCE OF ONTARIO CANADA 2.7% 02Jun2029 CA68333ZAE75 19,850,000 CAD 2.70 06/02/2029 20,996,872 Government Fixed Income
2.54% PROVINCE OF ALBERTA CANADA 2.9% 01Dec2028 CA013051EB97 15,132,000 CAD 2.90 12/01/2028 16,167,575 Government Fixed Income
2.42% PROVINCE OF ALBERTA CANADA 2.2% 01Jun2026 CA013051DT15 15,144,000 CAD 2.20 06/01/2026 15,384,186 Government Fixed Income
2.37% PROVINCE OF ALBERTA CANADA 2.35% 01Jun2025 CA013051DQ75 14,687,000 CAD 2.35 06/01/2025 15,085,779 Government Fixed Income
2.25% PROVINCE OF ALBERTA CANADA 2.55% 01Jun2027 CA013051DW44 13,774,000 CAD 2.55 06/01/2027 14,311,960 Government Fixed Income
2.07% PROVINCE OF MANITOBA CANADA 2.45% 02Jun2025 CA563469UE37 12,780,000 CAD 2.45 06/02/2025 13,199,694 Government Fixed Income
2.06% PROVINCE OF BRITISH COLUMBIA CANADA 2.85% 18Jun2025 CA11070TAF53 12,380,000 CAD 2.85 06/18/2025 13,113,947 Government Fixed Income
1.71% PROVINCE OF BRITISH COLUMBIA CANADA 2.95% 18Dec2028 CA110709GH99 10,070,000 CAD 2.95 12/18/2028 10,898,627 Government Fixed Income
1.66% PROVINCE OF BRITISH COLUMBIA CANADA 2.3% 18Jun2026 CA11070TAJ75 10,280,000 CAD 2.30 06/18/2026 10,569,147 Government Fixed Income
1.55% PROVINCE OF QUEBEC CANADA 2.3% 01Sep2029 CA74814ZFF59 9,700,000 CAD 2.30 09/01/2029 9,886,894 Government Fixed Income
1.53% PROVINCE OF QUEBEC CANADA 5.35% 01Jun2025 CA74814ZDE03 8,160,000 CAD 5.35 06/01/2025 9,758,971 Government Fixed Income
1.26% PROVINCE OF BRITISH COLUMBIA CANADA 2.55% 18Jun2027 CA11070TAL22 7,690,000 CAD 2.55 06/18/2027 8,043,355 Government Fixed Income
1.20% PROVINCE OF SASKATCHEWAN CANADA 2.55% 02Jun2026 CA803854KB35 7,364,000 CAD 2.55 06/02/2026 7,656,047 Government Fixed Income
1.07% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3% 02Jun2026 CA651333FV32 6,460,000 CAD 3.00 06/02/2026 6,843,986 Government Fixed Income
0.99% PROVINCE OF MANITOBA CANADA 2.55% 02Jun2026 CA563469UJ24 6,050,000 CAD 2.55 06/02/2026 6,287,195 Government Fixed Income
0.89% PROVINCE OF MANITOBA CANADA 3% 02Jun2028 CA563469UR40 5,258,000 CAD 3.00 06/02/2028 5,650,518 Government Fixed Income
0.84% PROVINCE OF NEW BRUNSWICK CANADA 2.35% 14Aug2027 CA642866GM36 5,280,000 CAD 2.35 08/14/2027 5,363,632 Government Fixed Income
0.84% PROVINCE OF BRITISH COLUMBIA CANADA 5.7% 18Jun2029 CA110709EK47 4,023,000 CAD 5.70 06/18/2029 5,348,206 Government Fixed Income
0.83% PROVINCE OF ALBERTA CANADA 2.9% 20Sep2029 CA01306ZCV19 5,000,000 CAD 2.90 09/20/2029 5,298,357 Government Fixed Income
0.82% PROVINCE OF SASKATCHEWAN CANADA 2.65% 02Jun2027 CA803854KE73 4,992,000 CAD 2.65 06/02/2027 5,228,012 Government Fixed Income
0.80% PROVINCE OF ONTARIO CANADA 2.65% 05Feb2025 CA68323AER10 4,917,000 CAD 2.65 02/05/2025 5,118,686 Government Fixed Income
0.79% PROVINCE OF MANITOBA CANADA 4.4% 05Sep2025 CA56344ZPH69 4,428,000 CAD 4.40 09/05/2025 5,030,890 Government Fixed Income
0.78% PROVINCE OF SASKATCHEWAN CANADA 3.05% 02Dec2028 CA803854KF49 4,563,000 CAD 3.05 12/02/2028 4,937,509 Government Fixed Income
0.77% PROVINCE OF NEW BRUNSWICK CANADA 2.6% 14Aug2026 CA642866GK79 4,763,000 CAD 2.60 08/14/2026 4,928,420 Government Fixed Income
0.75% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.3% 02Jun2025 CA651333FS03 4,694,000 CAD 2.30 06/02/2025 4,781,996 Government Fixed Income
0.73% PROVINCE OF MANITOBA CANADA 2.6% 02Jun2027 CA563469UP83 4,461,000 CAD 2.60 06/02/2027 4,647,135 Government Fixed Income
0.68% PROVINCE OF QUEBEC CANADA 2.6% 06Jul2025 CA748148RX35 4,140,000 CAD 2.60 07/06/2025 4,317,683 Government Fixed Income
0.65% PROVINCE OF NOVA SCOTIA CANADA 2.15% 01Jun2025 CA669827BG14 4,060,000 CAD 2.15 06/01/2025 4,128,040 Government Fixed Income
0.46% PROVINCE OF MANITOBA CANADA 2.75% 02Jun2029 CA563469UT06 2,759,000 CAD 2.75 06/02/2029 2,912,499 Government Fixed Income
0.42% PROVINCE OF NOVA SCOTIA CANADA 2.1% 01Jun2027 CA669827GA98 2,662,000 CAD 2.10 06/01/2027 2,682,276 Government Fixed Income
0.35% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.85% 02Jun2028 CA651333FZ46 2,098,000 CAD 2.85 06/02/2028 2,203,038 Government Fixed Income
0.35% PROVINCE OF ONTARIO CANADA 7.6% 02Jun2027 CA683234KG29 1,568,000 CAD 7.60 06/02/2027 2,219,987 Government Fixed Income
0.33% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.85% 02Jun2029 CA651333GC42 2,006,000 CAD 2.85 06/02/2029 2,109,165 Government Fixed Income
0.30% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 6.15% 17Apr2028 CA651333EE26 1,433,000 CAD 6.15 04/17/2028 1,895,204 Government Fixed Income
0.22% PROVINCE OF NEW BRUNSWICK CANADA 5.65% 27Dec2028 CA642866ET07 1,067,000 CAD 5.65 12/27/2028 1,377,731 Government Fixed Income
0.18% NEW BRUNSWICK F-M PROJECT CO INC 6.47% 30Nov2027 CA642904AA48 972,608 CAD 1.00 11/30/2027 1,156,490 Industrial Fixed Income
0.16% PROVINCE OF PRINCE EDWARD ISLAND CANADA 2.35% 25Aug2025 CA741666DA68 1,000,000 CAD 2.35 08/25/2025 1,011,853 Government Fixed Income
0.09% PROVINCE OF NEW BRUNSWICK CANADA 3.1% 14Aug2028 CA642866GN19 534,000 CAD 3.10 08/14/2028 573,756 Government Fixed Income
0.06% PROVINCE OF BRITISH COLUMBIA CANADA 5.62% 17Aug2028 CA11070ZCC64 276,000 CAD 1.00 08/17/2028 355,553 Government Fixed Income
0.05% ONTARIO ELECTRICITY FINANCIAL CORP 8.25% 22Jun2026 CA683078GG81 248,000 CAD 8.25 06/22/2026 348,065 Utilities Fixed Income
0.01% PROVINCE OF QUEBEC CANADA 3.75% 01Sep2024 CA74814ZES89 80,000 CAD 3.75 09/01/2024 87,182 Government Fixed Income
-0.01% CASH - 1 CAD - - -80,547 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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