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Overview

Fund Profile

Key Facts

Fund Ticker ZRR
Net Assets (Mn)
(Dec 02, 2020)
$ 144.64
Base Currency CAD
Closing Market Price $ 19.23
12-Month Low/High (Market Price) $ 16.00 / $ 19.83
Closing NAV Price
(Dec 02, 2020)
$ 19.2591
12-Month Low/High (Price (NAV)) $ 16.7389 / $ 19.5945
Weighted Average Term (Years) 17.42
Weighted Average Coupon (%) 2.57%
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.

2.14%
Yield to Maturity with Inflation Assumption (%)

Yield to Maturity with inflation assumption includes the real yield to maturity plus the inflation assumption to equal the equivalent Canadian Federal bond exposure.

0.83%
Weighted Average Duration (Years) 15.33
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 54,401
Distribution Frequency Monthly
Options Available No
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 7,510
Index FTSE Canada Real Return Non-Agency Bond Index
Exchange TSX
CUSIP 05571V109
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Real Return Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Real Return Non-Agency Bond IndexTM, net of expenses. The Fund invests in a semi-annual pay real return bonds denominated in Canadian dollars with a termto maturity greater than one year. Securities held in the Index are generally issued or guaranteed by the Government of Canada. 

Benchmark Info

The FTSE Canada Real Return Non-Agency Bond IndexTM consists of semi-annual pay real return bonds denominated in Canadian dollars, with an effective term to maturity greater than one year. The Index consists of bonds issued by the Government of Canada (excluding both agency/crown corporations and supranational entities). Each Constituent Security in the FTSE Canada Real Return Non-Agency Bond IndexTM is weighted by its relative market capitalization and is re-balanced on a daily basis.

Fund Benefits

  • Designed for investors looking for inflation protected income
  • Invested in a diversified portfolio of real return federal bonds 
  • Includes bonds with greater than one year 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 02, 2020)
$ 144.64
Market Price $ 19.23
12-Month Low/High (Market Price) $ 16.00 / $ 19.83
Price (NAV) $ 19.2591
12-Month Low/High (Price (NAV)) $ 16.7389 / $ 19.5945
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 02, 2020)
1 Day Change 1 Day % Change
Market Price $ 19.23 $ -0.27 -1.38%
Price (NAV) $ 19.2591 $ -0.1831 -0.94%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 10.80% 11.00% 6.57% 4.78% 4.33% 4.74%
Index 10.97% 11.28% 6.84% 5.04% 4.59% 5.00%
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 12.60% 7.90% -0.49% 0.32% 2.56% 2.37% 13.16% -12.68% 2.69% 17.84%
Index 12.79% 8.18% -0.18% 0.51% 2.84% 2.56% 13.47% -12.51% 3.01% 18.25%
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 12.60% 2.34% 1.49% 8.43% 10.80% 23.22% 21.04% 26.31% 52.75% 62.88%
Index 12.79% 2.20% 1.43% 8.33% 10.97% 23.82% 21.96% 27.86% 56.67% 67.30%

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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
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.035000 0.000000 0.035000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.035000 0.000000 0.035000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.035000 0.000000 0.035000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.035000 0.000000 0.035000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.035000 0.000000 0.035000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.035000 0.000000 0.035000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.035000 0.000000 0.035000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.035000 0.000000 0.035000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.035000 0.000000 0.035000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.035000 0.000000 0.035000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.032000 0.000000 0.032000
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 02, 2020

Fixed Income

99.20%

Cash and Cash Equivalents

0.80%

Number of Holdings

8

Total Net Assets

$ 144,636,066.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
15.86% CANADIAN GOVERNMENT REAL RETURN BOND 4% 01Dec2031 CA135087WV25 15,083,219 CAD 4.00 12/01/2031 22,946,212 - Fixed Income
15.66% CANADIAN GOVERNMENT REAL RETURN BOND 1.5% 01Dec2044 CA135087ZH04 16,010,847 CAD 1.50 12/01/2044 22,649,769 - Fixed Income
14.60% CANADIAN GOVERNMENT REAL RETURN BOND 1.25% 01Dec2047 CA135087B949 15,019,938 CAD 1.25 12/01/2047 21,121,768 - Fixed Income
14.59% CANADIAN GOVERNMENT REAL RETURN BOND 3% 01Dec2036 CA135087XQ21 13,541,353 CAD 3.00 12/01/2036 21,108,228 - Fixed Income
14.48% CANADIAN GOVERNMENT REAL RETURN BOND 2% 01Dec2041 CA135087YK42 14,094,948 CAD 2.00 12/01/2041 20,942,898 - Fixed Income
12.90% CANADIAN GOVERNMENT REAL RETURN BOND 4.25% 01Dec2026 CA135087VS05 14,190,813 CAD 4.25 12/01/2026 18,653,122 - Fixed Income
11.10% CANADIAN GOVERNMENT REAL RETURN BOND .5% 01Dec2050 CA135087G997 13,102,825 CAD 0.50 12/01/2050 16,050,778 - Fixed Income
0.80% CASH - 1 CAD - - 1,163,282 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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