Fund Profile
Key Facts
| Fund Ticker | ZMSB |
|---|---|
| Net Assets (Mn) (Sep 18, 2019) |
$ 30.37 |
| Base Currency | CAD |
| Closing Market Price | $ 31.22 |
| 12-Month Low/High (Market Price) | $ 28.95 / $ 31.28 |
| Closing NAV Price (Sep 18, 2019) |
$ 31.1511 |
| 12-Month Low/High (Price (NAV)) | $ 28.9390 / $ 31.2514 |
| Weighted Average Term (Years) | 5 |
| Weighted Average Coupon (%) | 3.59% |
| Annualized Distribution Yield (Aug 30, 2019) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
3.20% |
| 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. |
3.35% |
| Weighted Average Duration (Years) | 4.40 |
| Maximum Annual Management Fee | 0.60% |
| Management Expense Ratio | 0.67% |
| Market Volume | 3,562 |
| Distribution Frequency | Quarterly |
| Options Available | No |
| Inception Date | May 29, 2018 |
| Fiscal Year-End | September 30 |
| Units Outstanding (000's) | 975 |
| 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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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (Sep 18, 2019) |
$ 30.37 |
|---|---|
| Market Price | $ 31.22 |
| 12-Month Low/High (Market Price) | $ 28.95 / $ 31.28 |
| Price (NAV) | $ 31.1511 |
| 12-Month Low/High (Price (NAV)) | $ 28.9390 / $ 31.2514 |
| Distribution Frequency | Quarterly |
Daily Prices
| Unit Price as of (Sep 18, 2019) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 31.22 | $ -0.02 | -0.06% |
| Price (NAV) | $ 31.1511 | $ -0.0034 | -0.01% |
Performance
Annualized Performance (%) for period ending: Aug 30, 2019
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 7.57% | - | - | - | - | 6.80% |
| Index | - | - | - | - | - | - |
| Aug 30, 2019 |
Calendar Year Performance (%) for period ending: Aug 30, 2019
| YTD | 2018 | |
|---|---|---|
| NAV | 9.71% | -1.01% |
| Index | - | - |
| Aug 30, 2019 |
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 | 9.71% | 0.89% | 3.46% | 5.97% | 7.57% | - | - | - | - | 8.61% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 30, 2019 |
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Distribution History
| 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, 2019 | Mar 27, 2019 | Mar 28, 2019 | Apr 02, 2019 | 0.250000 | 0.000000 | 0.250000 |
| Jun, 2019 | Jun 26, 2019 | Jun 27, 2019 | Jul 03, 2019 | 0.250000 | 0.000000 | 0.250000 |
| Sep, 2019 | Sep 26, 2019 | Sep 27, 2019 | Oct 02, 2019 | - | - | - |
| Dec, 2019 | Dec 27, 2019 | Dec 30, 2019 | Jan 03, 2020 | - | - | - |
| Year to Date | 0.500000 | 0.000000 | 0.500000 |
| 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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Daily Holdings
As of Aug 30, 2019
98.86%
1.14%
205
$ 30,373,341.00
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| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 6.44% | RABO BANK CAD DEPOSIT 30Apr2040 | - | 2,580,000 | CAD | 100.00 | 04/30/2040 | 2,580,000 | - | Cash and Cash Equivalents |
| 4.99% | BNP CAD DEPOSIT 30Apr2040 | - | 2,000,000 | CAD | 100.00 | 04/30/2040 | 2,000,000 | - | Cash and Cash Equivalents |
| 3.07% | UNITED KINGDOM GILT 1.5% 22Jul2026 | GB00BYZW3G56 | 700,000 | GBP | 1.50 | 07/22/2026 | 1,228,914 | Government Bonds | Fixed Income |
| 1.18% | BLACKSTONE PROPERTY PARTNERS EUROPE HOLDINGS SARL 2.2% 24Jul2025 | XS1851268893 | 300,000 | EUR | 2.20 | 07/24/2025 | 474,218 | - | Fixed Income |
| 0.93% | DP WORLD PLC 4.25% 25Sep2030 | XS1883878883 | 200,000 | GBP | 4.25 | 09/25/2030 | 370,568 | - | Fixed Income |
| 0.89% | CREDIT SUISSE GROUP AG 4.21% 12Jun2024 | USH3698DBS20 | 250,000 | USD | 4.21 | 06/12/2024 | 354,906 | - | Fixed Income |
| 0.88% | SKANDINAVISKA ENSKILDA BANKEN AB .05% 01Jul2024 | XS2020568734 | 239,000 | EUR | 0.05 | 07/01/2024 | 353,641 | - | Fixed Income |
| 0.88% | GENERAL MOTORS FINANCIAL CO INC 4.35% 09Apr2025 | US37045XCK00 | 250,000 | USD | 4.35 | 04/09/2025 | 354,039 | - | Fixed Income |
| 0.88% | PENSION INSURANCE CORP PLC 5.63% 20Sep2030 | XS1872365256 | 200,000 | GBP | 5.63 | 09/20/2030 | 354,086 | - | Fixed Income |
| 0.87% | CITIGROUP INC 2.75% 24Jan2024 | XS1940150623 | 200,000 | GBP | 2.75 | 01/24/2024 | 347,137 | - | Fixed Income |
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.