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Overview

Fund Profile

Key Facts

Fund Ticker ZPS.L
Net Assets (Mn)
(Dec 03, 2020)
$ 6.55
Base Currency CAD
Closing Market Price $ 21.83
12-Month Low/High (Market Price) $ 20.82 / $ 21.84
Closing NAV Price
(Dec 03, 2020)
$ 21.8254
12-Month Low/High (Price (NAV)) $ 20.8149 / $ 21.8467
Weighted Average Term (Years) 3.07
Weighted Average Coupon (%) 2.72%
Annualized Distribution Yield
(Nov 20, 2020)

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

0.00%
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.

0.53%
Weighted Average Duration (Years) 2.92
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.27%
Market Volume 122
Distribution Frequency Annually
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 300
Index FTSE Canada Short Term Provincial Bond Index
Exchange TSX
CUSIP 055975304
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Short Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Provincial Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between one and five 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. The ETF does not pay cash distributions, it will provide an annual reinvested and consolidated distribution.

Benchmark Info

The FTSE Canada Short Term Provincial Bond IndexTM consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity less than five years but greater than one year, 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 accumulating defensive income
  • Invested in a diversified portfolio of provincial bonds
  • Includes bonds with one to five 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)
(Dec 03, 2020)
$ 6.55
Market Price $ 21.83
12-Month Low/High (Market Price) $ 20.82 / $ 21.84
Price (NAV) $ 21.8254
12-Month Low/High (Price (NAV)) $ 20.8149 / $ 21.8467
Distribution Frequency Annually

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 21.83 $ 0.02 0.09%
Price (NAV) $ 21.8254 $ 0.0027 0.01%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.54% 4.23% 2.92% - - 2.31%
Index 4.83% 4.53% 3.22% - - 2.61%
Calendar Performance

Calendar Year Performance (%) for period ending: Nov 30, 2020

YTD 2019 2018 2017
NAV 4.83% 2.70% 1.71% -0.38%
Index 5.09% 3.02% 2.01% -0.11%
Cumulative Performance

Cumulative Performance (%) for period ending: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.83% 0.11% 0.26% 0.82% 4.54% 8.63% 9.00% - - 9.09%
Index 5.09% 0.15% 0.33% 0.98% 4.83% 9.26% 9.96% - - 10.31%

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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
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 Dec 03, 2020

Fixed Income

100.08%

Cash and Cash Equivalents

-0.08%

Number of Holdings

49

Total Net Assets

$ 6,547,617.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
8.44% PROVINCE OF ONTARIO CANADA 3.5% 02Jun2024 CA68323ACG72 31,412,000 CAD 3.50 06/02/2024 34,580,385 - Fixed Income
8.33% PROVINCE OF ONTARIO CANADA 1.75% 08Sep2025 CA68333ZAK36 32,545,000 CAD 1.75 09/08/2025 34,132,071 - Fixed Income
7.97% PROVINCE OF ONTARIO CANADA 2.85% 02Jun2023 CA68323ABN33 30,822,000 CAD 2.85 06/02/2023 32,674,538 - Fixed Income
7.61% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2025 CA68323ACX06 28,815,000 CAD 2.60 06/02/2025 31,165,171 - Fixed Income
7.32% PROVINCE OF ONTARIO CANADA 3.15% 02Jun2022 CA68323AAW41 28,765,000 CAD 3.15 06/02/2022 29,990,765 - Fixed Income
5.08% PROVINCE OF QUEBEC CANADA 1.65% 03Mar2022 CA748148RW51 20,367,000 CAD 1.65 03/03/2022 20,810,001 - Fixed Income
4.38% PROVINCE OF ONTARIO CANADA 2.6% 08Sep2023 CA68333ZAB37 16,871,000 CAD 2.60 09/08/2023 17,960,836 - Fixed Income
4.13% PROVINCE OF ONTARIO CANADA 1.35% 08Mar2022 CA68323AEA84 16,651,000 CAD 1.35 03/08/2022 16,930,426 - Fixed Income
3.59% PROVINCE OF QUEBEC CANADA 3% 01Sep2023 CA74814ZEP41 13,648,000 CAD 3.00 09/01/2023 14,707,683 - Fixed Income
3.46% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2025 CA74814ZEV19 12,891,000 CAD 2.75 09/01/2025 14,181,358 - Fixed Income
3.22% PROVINCE OF QUEBEC CANADA 3.75% 01Sep2024 CA74814ZES89 11,698,000 CAD 3.75 09/01/2024 13,178,388 - Fixed Income
3.12% PROVINCE OF QUEBEC CANADA 3.5% 01Dec2022 CA74814ZEL37 12,045,000 CAD 3.50 12/01/2022 12,805,599 - Fixed Income
2.82% PROVINCE OF BRITISH COLUMBIA CANADA 2.85% 18Jun2025 CA11070TAF53 10,434,000 CAD 2.85 06/18/2025 11,569,037 - Fixed Income
2.75% PROVINCE OF ALBERTA CANADA 2.35% 01Jun2025 CA013051DQ75 10,542,000 CAD 2.35 06/01/2025 11,271,315 - Fixed Income
2.14% PROVINCE OF ONTARIO CANADA 1.95% 27Jan2023 CA68323ADL58 8,442,000 CAD 1.95 01/27/2023 8,784,990 - Fixed Income
2.10% PROVINCE OF ONTARIO CANADA 2.65% 05Feb2025 CA68323AER10 7,886,000 CAD 2.65 02/05/2025 8,595,380 - Fixed Income
1.85% PROVINCE OF ONTARIO CANADA 2.3% 08Sep2024 CA68333ZAF41 7,090,000 CAD 2.30 09/08/2024 7,569,574 - Fixed Income
1.85% PROVINCE OF BRITISH COLUMBIA CANADA 3.3% 18Dec2023 CA110709GF34 6,875,000 CAD 3.30 12/18/2023 7,568,334 - Fixed Income
1.72% PROVINCE OF MANITOBA CANADA 2.45% 02Jun2025 CA563469UE37 6,569,000 CAD 2.45 06/02/2025 7,054,335 - Fixed Income
1.65% PROVINCE OF MANITOBA CANADA 2.55% 02Jun2023 CA563469UA15 6,445,000 CAD 2.55 06/02/2023 6,780,773 - Fixed Income
1.49% PROVINCE OF BRITISH COLUMBIA CANADA 2.7% 18Dec2022 CA110709GB20 5,752,000 CAD 2.70 12/18/2022 6,099,552 - Fixed Income
1.44% PROVINCE OF ALBERTA CANADA 2.55% 15Dec2022 CA013051DG93 5,574,000 CAD 2.55 12/15/2022 5,889,146 - Fixed Income
1.39% PROVINCE OF QUEBEC CANADA 5.35% 01Jun2025 CA74814ZDE03 4,750,000 CAD 5.35 06/01/2025 5,706,182 - Fixed Income
1.13% PROVINCE OF QUEBEC CANADA 2.25% 22Feb2024 CA748148RY18 4,350,000 CAD 2.25 02/22/2024 4,623,770 - Fixed Income
1.00% PROVINCE OF ALBERTA CANADA 2.65% 01Sep2023 CA013051EC70 3,831,000 CAD 2.65 09/01/2023 4,084,652 - Fixed Income
0.88% PROVINCE OF MANITOBA CANADA 3.3% 02Jun2024 CA563469UC70 3,309,000 CAD 3.30 06/02/2024 3,618,232 - Fixed Income
0.88% PROVINCE OF SASKATCHEWAN CANADA 3.2% 03Jun2024 CA803854JW90 3,301,000 CAD 3.20 06/03/2024 3,597,728 - Fixed Income
0.87% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.3% 02Jun2025 CA651333FS03 3,340,000 CAD 2.30 06/02/2025 3,549,566 - Fixed Income
0.85% PROVINCE OF QUEBEC CANADA 2.6% 06Jul2025 CA748148RX35 3,190,000 CAD 2.60 07/06/2025 3,497,770 - Fixed Income
0.71% PROVINCE OF BRITISH COLUMBIA CANADA 3.25% 18Dec2021 CA110709BJ01 2,768,000 CAD 3.25 12/18/2021 2,895,903 - Fixed Income
0.64% PROVINCE OF ALBERTA CANADA 3.1% 01Jun2024 CA013051DM61 2,425,000 CAD 3.10 06/01/2024 2,635,305 - Fixed Income
0.64% PROVINCE OF NEW BRUNSWICK CANADA 2.85% 02Jun2023 CA642869AF87 2,490,000 CAD 2.85 06/02/2023 2,638,508 - Fixed Income
0.64% PROVINCE OF NEW BRUNSWICK CANADA 1.8% 14Aug2025 CA642866GR23 2,500,000 CAD 1.80 08/14/2025 2,628,122 - Fixed Income
0.62% PROVINCE OF NEW BRUNSWICK CANADA 1.55% 04May2022 CA642866BL08 2,493,000 CAD 1.55 05/04/2022 2,539,583 - Fixed Income
0.57% PROVINCE OF ALBERTA CANADA 1.6% 01Sep2022 CA013051DX27 2,272,000 CAD 1.60 09/01/2022 2,331,420 - Fixed Income
0.54% PROVINCE OF MANITOBA CANADA 4.4% 05Sep2025 CA56344ZPH69 1,878,000 CAD 4.40 09/05/2025 2,210,243 - Fixed Income
0.43% PROVINCE OF NOVA SCOTIA CANADA 2.15% 01Jun2025 CA669827BG14 1,660,000 CAD 2.15 06/01/2025 1,762,767 - Fixed Income
0.42% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 1.95% 02Jun2022 CA651333FX97 1,661,000 CAD 1.95 06/02/2022 1,700,710 - Fixed Income
0.42% PROVINCE OF ALBERTA CANADA 3.4% 01Dec2023 CA013051DL88 1,575,000 CAD 3.40 12/01/2023 1,710,559 - Fixed Income
0.26% PROVINCE OF NEW BRUNSWICK CANADA 3.65% 03Jun2024 CA642869AJ00 966,000 CAD 3.65 06/03/2024 1,067,650 - Fixed Income
0.26% PROVINCE OF PRINCE EDWARD ISLAND CANADA 2.35% 25Aug2025 CA741666DA68 1,000,000 CAD 2.35 08/25/2025 1,070,095 - Fixed Income
0.19% PROVINCE OF QUEBEC CANADA 2.45% 01Mar2023 CA748148BY81 757,000 CAD 2.45 03/01/2023 797,147 - Fixed Income
0.18% PROVINCE OF SASKATCHEWAN CANADA .8% 02Sep2025 CA803854KM99 750,000 CAD 0.80 09/02/2025 751,521 - Fixed Income
0.09% PROVINCE OF ONTARIO CANADA 9.5% 13Jul2022 CA683234HC51 313,000 CAD 9.50 07/13/2022 370,525 - Fixed Income
0.00% PROVINCE OF BRITISH COLUMBIA CANADA 9% 23Aug2024 CA110709DP43 4,000 CAD 9.00 08/23/2024 5,335 - Fixed Income
0.00% PROVINCE OF BRITISH COLUMBIA CANADA 9.5% 09Jun2022 CA110709BK73 5,000 CAD 9.50 06/09/2022 5,923 - Fixed Income
0.00% PROVINCE OF QUEBEC CANADA 9.5% 30Mar2023 CA748148PA59 9,000 CAD 9.50 03/30/2023 11,036 - Fixed Income
0.00% ONTARIO ELECTRICITY FINANCIAL CORP 9% 26May2025 CA683078GD50 8,000 CAD 9.00 05/26/2025 10,866 - Fixed Income
-0.08% CASH - 1 CAD - - -331,647 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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