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Overview

Fund Profile

Key Facts

Fund Ticker ZMP
Net Assets (Mn)
(Feb 14, 2020)
$ 592.64
Base Currency CAD
Closing Market Price $ 15.45
12-Month Low/High (Market Price) $ 14.87 / $ 15.67
Closing NAV Price
(Feb 14, 2020)
$ 15.4429
12-Month Low/High (Price (NAV)) $ 14.8787 / $ 15.6579
Weighted Average Term (Years) 7.3
Weighted Average Coupon (%) 2.98%
Annualized Distribution Yield
(Feb 07, 2020)

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

2.64%
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.

1.87%
Weighted Average Duration (Years) 6.50
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 38,930
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 38,376
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)
(Feb 14, 2020)
$ 592.64
Market Price $ 15.45
12-Month Low/High (Market Price) $ 14.87 / $ 15.67
Price (NAV) $ 15.4429
12-Month Low/High (Price (NAV)) $ 14.8787 / $ 15.6579
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 14, 2020)
1 Day Change 1 Day % Change
Market Price $ 15.45 $ 0.02 0.13%
Price (NAV) $ 15.4429 $ 0.0226 0.15%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 6.73% 5.54% 3.55% 2.34% - 3.52%
Index 7.05% 5.84% 3.86% 2.63% - 3.80%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013
NAV 2.61% 5.46% 1.59% 0.95% 1.28% 4.87% 9.14% -1.41%
Index 2.65% 5.77% 1.88% 1.31% 1.53% 5.13% 9.47% -1.28%
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 2.61% 2.61% 1.64% 2.29% 6.73% 11.39% 11.02% 12.25% - 26.84%
Index 2.65% 2.65% 1.73% 2.43% 7.05% 12.01% 12.05% 13.87% - 29.25%

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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, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.034000 - 0.034000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 - - -
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 - - -
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 Feb 13, 2020

Fixed Income

100.04%

Cash and Cash Equivalents

-0.04%

Number of Holdings

50

Total Net Assets

$ 592,636,988.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
9.76% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2027 CA68323AEE07 55,051,000 CAD 2.60 06/02/2027 57,933,146 PROVINCIAL BOND Fixed Income
9.33% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2025 CA68323ACX06 52,866,000 CAD 2.60 06/02/2025 55,326,983 PROVINCIAL BOND Fixed Income
8.03% PROVINCE OF ONTARIO CANADA 2.9% 02Jun2028 CA68333ZAC10 44,192,000 CAD 2.90 06/02/2028 47,646,872 PROVINCIAL BOND Fixed Income
7.43% PROVINCE OF ONTARIO CANADA 2.4% 02Jun2026 CA68323ADM32 42,477,000 CAD 2.40 06/02/2026 44,084,570 PROVINCIAL BOND Fixed Income
4.89% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2028 CA74814ZFD02 26,960,000 CAD 2.75 09/01/2028 29,029,007 PROVINCIAL BOND Fixed Income
4.46% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2027 CA74814ZFB46 24,667,000 CAD 2.75 09/01/2027 26,455,965 PROVINCIAL BOND Fixed Income
4.35% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2025 CA74814ZEV19 24,252,000 CAD 2.75 09/01/2025 25,795,809 PROVINCIAL BOND Fixed Income
4.34% PROVINCE OF ONTARIO CANADA 6.5% 08Mar2029 CA683234LJ58 18,418,400 CAD 6.50 03/08/2029 25,755,603 PROVINCIAL BOND Fixed Income
4.07% PROVINCE OF QUEBEC CANADA 2.3% 01Sep2029 CA74814ZFF59 23,200,000 CAD 2.30 09/01/2029 24,150,463 PROVINCIAL BOND Fixed Income
3.90% PROVINCE OF ONTARIO CANADA 2.7% 02Jun2029 CA68333ZAE75 21,700,000 CAD 2.70 06/02/2029 23,152,350 PROVINCIAL BOND Fixed Income
3.51% PROVINCE OF QUEBEC CANADA 2.5% 01Sep2026 CA74814ZEX74 19,801,000 CAD 2.50 09/01/2026 20,837,971 PROVINCIAL BOND Fixed Income
2.54% PROVINCE OF ALBERTA CANADA 2.9% 01Dec2028 CA013051EB97 14,032,000 CAD 2.90 12/01/2028 15,082,814 PROVINCIAL BOND Fixed Income
2.49% PROVINCE OF ALBERTA CANADA 2.2% 01Jun2026 CA013051DT15 14,444,000 CAD 2.20 06/01/2026 14,764,759 PROVINCIAL BOND Fixed Income
2.10% PROVINCE OF ALBERTA CANADA 2.35% 01Jun2025 CA013051DQ75 12,087,000 CAD 2.35 06/01/2025 12,464,549 PROVINCIAL BOND Fixed Income
2.06% PROVINCE OF BRITISH COLUMBIA CANADA 2.95% 18Dec2028 CA110709GH99 11,218,000 CAD 2.95 12/18/2028 12,208,723 PROVINCIAL BOND Fixed Income
1.81% PROVINCE OF ALBERTA CANADA 2.55% 01Jun2027 CA013051DW44 10,284,000 CAD 2.55 06/01/2027 10,740,962 PROVINCIAL BOND Fixed Income
1.50% PROVINCE OF BRITISH COLUMBIA CANADA 2.3% 18Jun2026 CA11070TAJ75 8,590,000 CAD 2.30 06/18/2026 8,881,609 PROVINCIAL BOND Fixed Income
1.50% PROVINCE OF QUEBEC CANADA 6% 01Oct2029 CA748148QJ59 6,500,000 CAD 6.00 10/01/2029 8,916,500 PROVINCIAL BOND Fixed Income
1.44% PROVINCE OF QUEBEC CANADA 5.35% 01Jun2025 CA74814ZDE03 7,175,000 CAD 5.35 06/01/2025 8,521,068 PROVINCIAL BOND Fixed Income
1.35% PROVINCE OF BRITISH COLUMBIA CANADA 2.85% 18Jun2025 CA11070TAF53 7,549,000 CAD 2.85 06/18/2025 8,011,912 PROVINCIAL BOND Fixed Income
1.28% PROVINCE OF BRITISH COLUMBIA CANADA 2.55% 18Jun2027 CA11070TAL22 7,250,000 CAD 2.55 06/18/2027 7,622,581 PROVINCIAL BOND Fixed Income
1.23% PROVINCE OF MANITOBA CANADA 2.6% 02Jun2027 CA563469UP83 6,961,000 CAD 2.60 06/02/2027 7,297,201 PROVINCIAL BOND Fixed Income
1.16% PROVINCE OF MANITOBA CANADA 2.45% 02Jun2025 CA563469UE37 6,639,000 CAD 2.45 06/02/2025 6,884,075 PROVINCIAL BOND Fixed Income
1.11% PROVINCE OF MANITOBA CANADA 3% 02Jun2028 CA563469UR40 6,098,000 CAD 3.00 06/02/2028 6,590,592 PROVINCIAL BOND Fixed Income
1.10% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3% 02Jun2026 CA651333FV32 6,130,000 CAD 3.00 06/02/2026 6,518,422 PROVINCIAL BOND Fixed Income
1.03% PROVINCE OF MANITOBA CANADA 2.55% 02Jun2026 CA563469UJ24 5,825,000 CAD 2.55 06/02/2026 6,083,417 PROVINCIAL BOND Fixed Income
1.00% PROVINCE OF SASKATCHEWAN CANADA 2.55% 02Jun2026 CA803854KB35 5,674,000 CAD 2.55 06/02/2026 5,928,443 PROVINCIAL BOND Fixed Income
0.96% PROVINCE OF QUEBEC CANADA 2.6% 06Jul2025 CA748148RX35 5,440,000 CAD 2.60 07/06/2025 5,693,253 PROVINCIAL BOND Fixed Income
0.91% PROVINCE OF ALBERTA CANADA 2.9% 20Sep2029 CA01306ZCV19 5,000,000 CAD 2.90 09/20/2029 5,416,613 PROVINCIAL BOND Fixed Income
0.90% PROVINCE OF MANITOBA CANADA 4.4% 05Sep2025 CA56344ZPH69 4,628,000 CAD 4.40 09/05/2025 5,339,770 PROVINCIAL BOND Fixed Income
0.89% PROVINCE OF SASKATCHEWAN CANADA 2.65% 02Jun2027 CA803854KE73 4,992,000 CAD 2.65 06/02/2027 5,254,422 PROVINCIAL BOND Fixed Income
0.86% PROVINCE OF BRITISH COLUMBIA CANADA 5.7% 18Jun2029 CA110709EK47 3,862,000 CAD 5.70 06/18/2029 5,125,573 PROVINCIAL BOND Fixed Income
0.85% PROVINCE OF MANITOBA CANADA 2.75% 02Jun2029 CA563469UT06 4,759,000 CAD 2.75 06/02/2029 5,067,364 PROVINCIAL BOND Fixed Income
0.81% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.3% 02Jun2025 CA651333FS03 4,723,000 CAD 2.30 06/02/2025 4,834,300 PROVINCIAL BOND Fixed Income
0.68% PROVINCE OF SASKATCHEWAN CANADA 3.05% 02Dec2028 CA803854KF49 3,723,000 CAD 3.05 12/02/2028 4,050,561 PROVINCIAL BOND Fixed Income
0.68% PROVINCE OF NEW BRUNSWICK CANADA 2.35% 14Aug2027 CA642866GM36 3,960,000 CAD 2.35 08/14/2027 4,053,628 PROVINCIAL BOND Fixed Income
0.61% PROVINCE OF NOVA SCOTIA CANADA 2.1% 01Jun2027 CA669827GA98 3,543,000 CAD 2.10 06/01/2027 3,599,432 PROVINCIAL BOND Fixed Income
0.56% PROVINCE OF NEW BRUNSWICK CANADA 2.6% 14Aug2026 CA642866GK79 3,213,000 CAD 2.60 08/14/2026 3,343,307 PROVINCIAL BOND Fixed Income
0.41% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 6.15% 17Apr2028 CA651333EE26 1,833,000 CAD 6.15 04/17/2028 2,410,265 PROVINCIAL BOND Fixed Income
0.41% PROVINCE OF ONTARIO CANADA 7.6% 02Jun2027 CA683234KG29 1,750,000 CAD 7.60 06/02/2027 2,453,652 PROVINCIAL BOND Fixed Income
0.32% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.85% 02Jun2029 CA651333GC42 1,786,000 CAD 2.85 06/02/2029 1,889,177 PROVINCIAL BOND Fixed Income
0.31% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.85% 02Jun2028 CA651333FZ46 1,768,000 CAD 2.85 06/02/2028 1,865,037 PROVINCIAL BOND Fixed Income
0.29% PROVINCE OF NOVA SCOTIA CANADA 2.15% 01Jun2025 CA669827BG14 1,660,000 CAD 2.15 06/01/2025 1,698,278 PROVINCIAL BOND Fixed Income
0.23% PROVINCE OF NEW BRUNSWICK CANADA 5.65% 27Dec2028 CA642866ET07 1,067,000 CAD 5.65 12/27/2028 1,376,188 PROVINCIAL BOND Fixed Income
0.19% NEW BRUNSWICK F-M PROJECT CO INC 6.47% 30Nov2027 CA642904AA48 928,795 CAD 6.47 11/30/2027 1,097,811 PROVINCIAL BOND Fixed Income
0.17% PROVINCE OF PRINCE EDWARD ISLAND CANADA 2.35% 25Aug2025 CA741666DA68 1,000,000 CAD 2.35 08/25/2025 1,029,818 PROVINCIAL BOND Fixed Income
0.10% PROVINCE OF NEW BRUNSWICK CANADA 3.1% 14Aug2028 CA642866GN19 534,000 CAD 3.10 08/14/2028 577,252 PROVINCIAL BOND Fixed Income
0.06% ONTARIO ELECTRICITY FINANCIAL CORP 8.25% 22Jun2026 CA683078GG81 248,000 CAD 8.25 06/22/2026 343,770 PROVINCIAL BOND Fixed Income
0.06% PROVINCE OF BRITISH COLUMBIA CANADA 5.62% 17Aug2028 CA11070ZCC64 276,000 CAD 5.62 08/17/2028 353,930 PROVINCIAL BOND Fixed Income
-0.04% CASH - 1 CAD - - -247,892 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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