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Overview

Fund Profile

Key Facts

Fund Ticker ZPL
Net Assets (Mn)
(Sep 18, 2019)
$ 497.84
Base Currency CAD
Closing Market Price $ 17.23
12-Month Low/High (Market Price) $ 14.99 / $ 17.98
Closing NAV Price
(Sep 18, 2019)
$ 17.2071
12-Month Low/High (Price (NAV)) $ 14.9686 / $ 18.0016
Weighted Average Term (Years) 23.59
Weighted Average Coupon (%) 4.08%
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.

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.

2.55%
Weighted Average Duration (Years) 16.07
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 122,065
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 28,932
Index FTSE Canada Long Term Provincial Bond Index
Exchange TSX
CUSIP 05577K107
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Long Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Long Term Provincial Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity greater than 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 Long Term Provincial Bond IndexTMĀ consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity greater than 10 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 rebalanced on a daily basis.

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of provincial bonds
  • Includes bonds with more than 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)
$ 497.84
Market Price $ 17.23
12-Month Low/High (Market Price) $ 14.99 / $ 17.98
Price (NAV) $ 17.2071
12-Month Low/High (Price (NAV)) $ 14.9686 / $ 18.0016
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 17.23 $ 0.12 0.70%
Price (NAV) $ 17.2071 $ 0.1001 0.59%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 16.36% 9.44% 4.90% 6.64% - 6.23%
Index 16.73% 9.80% 5.21% 6.95% - 6.51%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013
NAV 17.13% -0.95% 7.77% 2.09% 3.80% 17.61% -5.23%
Index 17.35% -0.59% 8.00% 2.28% 4.16% 17.99% -5.13%
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 17.13% 3.37% 6.03% 13.97% 16.36% 19.77% 15.44% 37.90% - 47.65%
Index 17.35% 3.41% 6.15% 14.16% 16.73% 20.55% 16.44% 39.90% - 50.25%

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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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.045000 0.000000 0.045000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.045000 0.000000 0.045000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.045000 0.000000 0.045000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.045000 0.000000 0.045000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.045000 0.000000 0.045000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.045000 0.000000 0.045000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.045000 0.000000 0.045000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.045000 0.000000 0.045000
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

84

Total Net Assets

$ 497,842,567.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
7.53% PROVINCE OF ONTARIO CANADA 3.45% 02Jun2045 CA68323ACC68 31,133,000 CAD 3.45 06/02/2045 37,463,381 Government Fixed Income
5.96% PROVINCE OF ONTARIO CANADA 3.5% 02Jun2043 CA68323AAY07 24,710,000 CAD 3.50 06/02/2043 29,680,240 Government Fixed Income
5.52% PROVINCE OF ONTARIO CANADA 2.9% 02Dec2046 CA68323ACY88 24,976,000 CAD 2.90 12/02/2046 27,501,828 Government Fixed Income
5.38% PROVINCE OF ONTARIO CANADA 4.65% 02Jun2041 CA683234B984 19,325,000 CAD 4.65 06/02/2041 26,777,937 Government Fixed Income
5.12% PROVINCE OF QUEBEC CANADA 5% 01Dec2041 CA74814ZEF68 17,459,000 CAD 5.00 12/01/2041 25,486,717 Government Fixed Income
4.98% PROVINCE OF QUEBEC CANADA 3.5% 01Dec2045 CA74814ZER07 20,250,000 CAD 3.50 12/01/2045 24,773,492 Government Fixed Income
4.75% PROVINCE OF QUEBEC CANADA 3.5% 01Dec2048 CA74814ZEW91 19,025,000 CAD 3.50 12/01/2048 23,666,325 Government Fixed Income
4.50% PROVINCE OF ONTARIO CANADA 4.7% 02Jun2037 CA683234YD42 16,669,000 CAD 4.70 06/02/2037 22,406,416 Government Fixed Income
2.63% PROVINCE OF MANITOBA CANADA 4.1% 05Mar2041 CA563469TM71 10,433,000 CAD 4.10 03/05/2041 13,092,596 Government Fixed Income
2.43% HYDRO-QUEBEC 5% 15Feb2050 CA448814JA24 7,721,000 CAD 5.00 02/15/2050 12,086,133 Utilities Fixed Income
2.32% PROVINCE OF ONTARIO CANADA 2.8% 02Jun2048 CA68323ADZ45 10,600,000 CAD 2.80 06/02/2048 11,531,168 Government Fixed Income
2.19% PROVINCE OF QUEBEC CANADA 5% 01Dec2038 CA74814ZDK62 7,699,000 CAD 5.00 12/01/2038 10,884,955 Government Fixed Income
2.08% PROVINCE OF ONTARIO CANADA 5.85% 08Mar2033 CA683234SL32 7,375,000 CAD 5.85 03/08/2033 10,379,157 Government Fixed Income
2.06% PROVINCE OF QUEBEC CANADA 6.25% 01Jun2032 CA748148QT32 7,056,000 CAD 6.25 06/01/2032 10,262,189 Government Fixed Income
1.92% PROVINCE OF ALBERTA CANADA 3.05% 01Dec2048 CA013051DY00 8,513,000 CAD 3.05 12/01/2048 9,557,639 Government Fixed Income
1.80% PROVINCE OF ALBERTA CANADA 3.3% 01Dec2046 CA013051DS32 7,687,000 CAD 3.30 12/01/2046 8,941,819 Government Fixed Income
1.80% PROVINCE OF SASKATCHEWAN CANADA 4.75% 01Jun2040 CA803854JL36 6,507,000 CAD 4.75 06/01/2040 8,943,196 Government Fixed Income
1.78% PROVINCE OF BRITISH COLUMBIA CANADA 3.2% 18Jun2044 CA110709GC03 7,625,000 CAD 3.20 06/18/2044 8,883,229 Government Fixed Income
1.71% PROVINCE OF ONTARIO CANADA 2.65% 02Dec2050 CA68333ZAG24 8,000,000 CAD 2.65 12/02/2050 8,502,919 Government Fixed Income
1.70% PROVINCE OF ONTARIO CANADA 2.9% 02Jun2049 CA68333ZAA53 7,600,000 CAD 2.90 06/02/2049 8,452,586 Government Fixed Income
1.60% PROVINCE OF NEW BRUNSWICK CANADA 3.55% 03Jun2043 CA642869AE13 6,821,000 CAD 3.55 06/03/2043 7,971,533 Government Fixed Income
1.46% PROVINCE OF BRITISH COLUMBIA CANADA 4.3% 18Jun2042 CA1107098Y17 5,385,000 CAD 4.30 06/18/2042 7,276,668 Government Fixed Income
1.46% PROVINCE OF NOVA SCOTIA CANADA 4.5% 01Jun2037 CA669827FQ59 5,562,000 CAD 4.50 06/01/2037 7,265,009 Government Fixed Income
1.42% PROVINCE OF QUEBEC CANADA 3.1% 01Dec2051 CA74814ZFE84 6,000,000 CAD 3.10 12/01/2051 7,048,364 Government Fixed Income
1.37% PROVINCE OF BRITISH COLUMBIA CANADA 2.8% 18Jun2048 CA11070TAG37 6,185,000 CAD 2.80 06/18/2048 6,825,814 Government Fixed Income
1.35% PROVINCE OF ONTARIO CANADA 6.2% 02Jun2031 CA683234NM69 4,709,000 CAD 6.20 06/02/2031 6,715,538 Government Fixed Income
1.23% PROVINCE OF ALBERTA CANADA 3.45% 01Dec2043 CA013051DK06 5,182,000 CAD 3.45 12/01/2043 6,102,680 Government Fixed Income
1.19% PROVINCE OF QUEBEC CANADA 4.25% 01Dec2043 CA74814ZEK53 4,379,000 CAD 4.25 12/01/2043 5,913,244 Government Fixed Income
1.14% PROVINCE OF ALBERTA CANADA 4.5% 01Dec2040 CA013051DB07 4,230,000 CAD 4.50 12/01/2040 5,653,768 Government Fixed Income
0.83% PROVINCE OF NEW BRUNSWICK CANADA 4.8% 26Sep2039 CA642866GA97 3,048,000 CAD 4.80 09/26/2039 4,137,628 Government Fixed Income
0.79% PROVINCE OF SASKATCHEWAN CANADA 3.9% 02Jun2045 CA803854JU35 3,097,000 CAD 3.90 06/02/2045 3,942,720 Government Fixed Income
0.78% FINANCEMENT-QUEBEC 5.25% 01Jun2034 CA31739ZAG06 2,851,000 CAD 5.25 06/01/2034 3,879,483 Government Fixed Income
0.78% PROVINCE OF BRITISH COLUMBIA CANADA 2.95% 18Jun2050 CA110709GJ55 3,403,000 CAD 2.95 06/18/2050 3,896,536 Government Fixed Income
0.77% PROVINCE OF BRITISH COLUMBIA CANADA 6.35% 18Jun2031 CA110709EX67 2,635,000 CAD 6.35 06/18/2031 3,812,309 Government Fixed Income
0.76% PROVINCE OF QUEBEC CANADA 6% 01Oct2029 CA748148QJ59 2,737,000 CAD 6.00 10/01/2029 3,761,837 Government Fixed Income
0.72% PROVINCE OF BRITISH COLUMBIA CANADA 4.95% 18Jun2040 CA110709FY32 2,495,000 CAD 4.95 06/18/2040 3,581,333 Government Fixed Income
0.72% PROVINCE OF QUEBEC CANADA 5.75% 01Dec2036 CA748148RL96 2,409,000 CAD 5.75 12/01/2036 3,603,771 Government Fixed Income
0.69% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 4.65% 17Oct2040 CA651333FR20 2,624,000 CAD 4.65 10/17/2040 3,457,296 Government Fixed Income
0.66% PROVINCE OF SASKATCHEWAN CANADA 3.3% 02Jun2048 CA803854KC18 2,777,000 CAD 3.30 06/02/2048 3,261,271 Government Fixed Income
0.55% PROVINCE OF ONTARIO CANADA 4.6% 02Jun2039 CA683234ZP62 2,029,000 CAD 4.60 06/02/2039 2,742,962 Government Fixed Income
0.51% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 4.5% 17Apr2037 CA651333FQ47 2,014,000 CAD 4.50 04/17/2037 2,547,797 Government Fixed Income
0.49% PROVINCE OF BRITISH COLUMBIA CANADA 4.7% 18Jun2037 CA110709FL11 1,796,000 CAD 4.70 06/18/2037 2,433,519 Government Fixed Income
0.48% HYDRO-QUEBEC 6% 15Feb2040 CA44889ZCN48 1,503,000 CAD 6.00 02/15/2040 2,366,638 Utilities Fixed Income
0.48% HYDRO-QUEBEC 4% 15Feb2055 CA4488148V86 1,724,000 CAD 4.00 02/15/2055 2,397,370 Utilities Fixed Income
0.46% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3.3% 17Oct2046 CA651333FT85 2,070,000 CAD 3.30 10/17/2046 2,307,402 Government Fixed Income
0.45% HYDRO-QUEBEC 5% 15Feb2045 CA448814HZ92 1,513,000 CAD 5.00 02/15/2045 2,256,957 Utilities Fixed Income
0.42% PROVINCE OF ALBERTA CANADA 3.9% 01Dec2033 CA01306ZDC29 1,768,000 CAD 3.90 12/01/2033 2,100,698 Government Fixed Income
0.41% PROVINCE OF SASKATCHEWAN CANADA 2.75% 02Dec2046 CA803854KA51 1,929,000 CAD 2.75 12/02/2046 2,035,666 Government Fixed Income
0.40% PROVINCE OF NOVA SCOTIA CANADA 4.4% 01Jun2042 CA6698278Z37 1,486,000 CAD 4.40 06/01/2042 1,995,779 Government Fixed Income
0.39% HYDRO-QUEBEC 6.5% 15Feb2035 CA44889ZCM64 1,248,000 CAD 6.50 02/15/2035 1,921,503 Utilities Fixed Income
0.38% PROVINCE OF MANITOBA CANADA 5.7% 05Mar2037 CA563469EZ40 1,290,000 CAD 5.70 03/05/2037 1,869,790 Government Fixed Income
0.37% PROVINCE OF ALBERTA CANADA 3.1% 01Jun2050 CA013051ED53 1,607,000 CAD 3.10 06/01/2050 1,832,344 Government Fixed Income
0.36% PROVINCE OF MANITOBA CANADA 4.6% 05Mar2038 CA563469FL45 1,371,000 CAD 4.60 03/05/2038 1,789,363 Government Fixed Income
0.36% TRILLIUM HEALTH PARTNERS VOLUNTEERS 3.7% 20Dec2058 CA89620LAA40 1,507,000 CAD 3.70 12/20/2058 1,780,927 Consumer, Non-cyclical Fixed Income
0.35% PROVINCE OF MANITOBA CANADA 3.15% 05Sep2052 CA56344ZPV53 1,549,000 CAD 3.15 09/05/2052 1,756,464 Government Fixed Income
0.32% PROVINCE OF SASKATCHEWAN CANADA 6.4% 05Sep2031 CA803854HN10 1,105,000 CAD 6.40 09/05/2031 1,580,588 Government Fixed Income
0.32% PROVINCE OF NOVA SCOTIA CANADA 3.15% 01Dec2051 CA669827GB71 1,366,000 CAD 3.15 12/01/2051 1,589,737 Government Fixed Income
0.31% PROVINCE OF NEW BRUNSWICK CANADA 4.55% 26Mar2037 CA642866FZ57 1,199,000 CAD 4.55 03/26/2037 1,551,224 Government Fixed Income
0.30% PROVINCE OF ONTARIO CANADA 5.6% 02Jun2035 CA683234VR64 1,044,000 CAD 5.60 06/02/2035 1,503,739 Government Fixed Income
0.29% PROVINCE OF ALBERTA CANADA 3.5% 01Jun2031 CA01306ZDF59 1,286,000 CAD 3.50 06/01/2031 1,456,867 Government Fixed Income
0.29% PROVINCE OF MANITOBA CANADA 4.05% 05Sep2045 CA563469UB97 1,109,000 CAD 4.05 09/05/2045 1,422,639 Government Fixed Income
0.28% PROVINCE OF PRINCE EDWARD ISLAND CANADA 4.6% 19May2041 CA741666CW97 1,056,000 CAD 4.60 05/19/2041 1,394,822 Government Fixed Income
0.27% PROVINCE OF MANITOBA CANADA 2.85% 05Sep2046 CA563469UF02 1,277,000 CAD 2.85 09/05/2046 1,349,972 Government Fixed Income
0.26% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 5.7% 17Oct2035 CA651333FP63 914,000 CAD 5.70 10/17/2035 1,295,545 Government Fixed Income
0.26% PROVINCE OF SASKATCHEWAN CANADA 3.75% 05Mar2054 CA803854JX73 1,000,000 CAD 3.75 03/05/2054 1,295,804 Government Fixed Income
0.24% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3.7% 17Oct2048 CA651333FY70 1,000,000 CAD 3.70 10/17/2048 1,204,350 Government Fixed Income
0.23% PROVINCE OF MANITOBA CANADA 3.4% 05Sep2048 CA563469UN36 977,000 CAD 3.40 09/05/2048 1,149,093 Government Fixed Income
0.23% PROVINCE OF SASKATCHEWAN CANADA 3.1% 02Jun2050 CA803854KH05 1,000,000 CAD 3.10 06/02/2050 1,142,763 Government Fixed Income
0.23% PROVINCE OF SASKATCHEWAN CANADA 3.4% 03Feb2042 CA803854JT61 1,000,000 CAD 3.40 02/03/2042 1,155,953 Government Fixed Income
0.22% PROVINCE OF BRITISH COLUMBIA CANADA 5.4% 18Jun2035 CA110709FJ64 755,000 CAD 5.40 06/18/2035 1,074,563 Government Fixed Income
0.19% PROVINCE OF NEW BRUNSWICK CANADA 3.8% 14Aug2045 CA642866GG67 764,000 CAD 3.80 08/14/2045 931,205 Government Fixed Income
0.15% PROVINCE OF NOVA SCOTIA CANADA 3.5% 02Jun2062 CA66989ZEG96 568,000 CAD 3.50 06/02/2062 728,104 Government Fixed Income
0.14% PROVINCE OF SASKATCHEWAN CANADA 5.8% 05Sep2033 CA803854JA70 497,000 CAD 5.80 09/05/2033 698,592 Government Fixed Income
0.14% PROVINCE OF NEW BRUNSWICK CANADA 3.05% 14Aug2050 CA642866GQ40 644,000 CAD 3.05 08/14/2050 705,153 Government Fixed Income
0.12% PROVINCE OF NOVA SCOTIA CANADA 3.45% 01Jun2045 CA669827FZ58 500,000 CAD 3.45 06/01/2045 596,160 Government Fixed Income
0.10% PROVINCE OF NEW BRUNSWICK CANADA 4.8% 03Jun2041 CA642869AA90 378,000 CAD 4.80 06/03/2041 517,015 Government Fixed Income
0.10% HAMILTON HEALTH SCIENCES CORP 3.68% 17Jan2059 CA40739MAA32 402,000 CAD 3.68 01/17/2059 475,027 Consumer, Non-cyclical Fixed Income
0.09% PROVINCE OF NEW BRUNSWICK CANADA 4.65% 26Sep2035 CA642866FW27 365,000 CAD 4.65 09/26/2035 472,591 Government Fixed Income
0.09% PROVINCE OF MANITOBA CANADA 3.35% 05Mar2043 CA563469TW53 401,000 CAD 3.35 03/05/2043 457,247 Government Fixed Income
0.07% PROVINCE OF MANITOBA CANADA 3.2% 05Mar2050 CA563469US23 300,000 CAD 3.20 03/05/2050 343,568 Government Fixed Income
0.03% PROVINCE OF MANITOBA CANADA 6.3% 05Mar2031 CA56344ZCG24 96,000 CAD 6.30 03/05/2031 134,291 Government Fixed Income
0.02% PROVINCE OF MANITOBA CANADA 4.65% 05Mar2040 CA563469FQ32 86,000 CAD 4.65 03/05/2040 114,701 Government Fixed Income
0.01% PROVINCE OF NOVA SCOTIA CANADA 5.8% 01Jun2033 CA669827FL62 20,000 CAD 5.80 06/01/2033 28,336 Government Fixed Income
-0.01% CASH - 1 CAD - - -43,006 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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