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Overview

Fund Profile

Key Facts

Fund Ticker ZMSB
Net Assets (Mn)
(Feb 25, 2020)
$ 38.98
Base Currency CAD
Closing Market Price $ 31.62
12-Month Low/High (Market Price) $ 29.88 / $ 31.70
Closing NAV Price
(Feb 25, 2020)
$ 31.5589
12-Month Low/High (Price (NAV)) $ 29.8842 / $ 31.6166
Weighted Average Term (Years) 5
Weighted Average Coupon (%) 3.00%
Annualized Distribution Yield
(Jan 31, 2020)

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

3.17%
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.

3.27%
Weighted Average Duration (Years) 4.40
Maximum Annual Management Fee 0.60%
Management Expense Ratio 0.67%
Market Volume 1,200
Distribution Frequency Quarterly
Options Available No
Inception Date May 29, 2018
Fiscal Year-End September 30
Units Outstanding (000's) 1,235
Index -
Exchange Toronto Stock Exchange
CUSIP 05585W101
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The ETF invests in global fixed income securities and actively seeks to capitalize across sectors, including investment grade corporate bonds, government bonds, emerging market bonds, high yield bonds, and securitized bonds. The portfolio uses fundamental and quantitative analysis of credit ratings and other research methods.

Fund Benefits

  • Designed for investors looking for reliable income and growth potential
  • Designed for investors looking for global credit exposure
  • Invested in a diversified portfolio of investment grade bonds, government bonds, emerging market bonds, high yield bonds, and securitized bonds
  • Professionally managed by BMO Global Asset Management EMEA

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 25, 2020)
$ 38.98
Market Price $ 31.62
12-Month Low/High (Market Price) $ 29.88 / $ 31.70
Price (NAV) $ 31.5589
12-Month Low/High (Price (NAV)) $ 29.8842 / $ 31.6166
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 31.62 $ -0.08 -0.25%
Price (NAV) $ 31.5589 $ -0.0142 -0.04%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 10.04% - - - - 6.58%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018
NAV 1.06% 11.23% -1.01%
Index - - -
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 1.06% 1.06% 2.04% 3.37% 10.04% - - - - 11.27%
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
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
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 Jan 31, 2020

Fixed Income

92.83%

Cash and Cash Equivalents

7.17%

Number of Holdings

208

Total Net Assets

$ 38,976,258.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
5.27% CIBC CAD DEPOSITS 30Apr2040 - 2,450,000 CAD 100.00 04/30/2040 2,450,000 - Cash and Cash Equivalents
3.36% BNP CAD DEPOSIT 30Apr2040 - 1,560,000 CAD 100.00 04/30/2040 1,560,000 - Cash and Cash Equivalents
2.82% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 1.75% 15Nov2029 US912828YS30 965,000 USD 1.75 11/15/2029 1,309,541 Government Bonds Fixed Income
1.15% RSA INSURANCE GROUP PLC 1.63% 28Aug2024 XS2041038444 300,000 GBP 1.63 08/28/2024 534,273 - Fixed Income
1.09% GENERAL MOTORS FINANCIAL CO INC 4.35% 09Apr2025 US37045XCK00 350,000 USD 4.35 04/09/2025 506,831 - Fixed Income
0.89% PENSION INSURANCE CORP PLC 5.63% 20Sep2030 XS1872365256 200,000 GBP 5.63 09/20/2030 413,738 - Fixed Income
0.89% APPLE INC 2.51% 19Aug2024 CA037833CY47 400,000 CAD 2.51 08/19/2024 415,297 - Fixed Income
0.86% DP WORLD PLC 4.25% 25Sep2030 XS1883878883 200,000 GBP 4.25 09/25/2030 397,766 - Fixed Income
0.81% FIDELITY NATL INFO SERV 2.6% 21May2025 XS1843436061 200,000 GBP 2.60 05/21/2025 377,552 - Fixed Income
0.80% QUILTER PLC 4.48% 28Feb2028 XS1713473780 200,000 GBP 4.48 02/28/2028 373,271 - Fixed Income

Holdings Breakdown

Sector Allocation

Geographic Allocation

Credit Allocation

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