Fund Profile
Key Facts
| Fund Ticker | ZRR |
|---|---|
| Net Assets (Mn) (Feb 14, 2020) |
$ 78.39 |
| Base Currency | CAD |
| Closing Market Price | $ 18.53 |
| 12-Month Low/High (Market Price) | $ 16.91 / $ 18.70 |
| Closing NAV Price (Feb 14, 2020) |
$ 18.4448 |
| 12-Month Low/High (Price (NAV)) | $ 16.9398 / $ 18.8361 |
| Weighted Average Term (Years) | 17.7 |
| Weighted Average Coupon (%) | 2.64% |
| Annualized Distribution Yield (Feb 07, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
2.26% |
| 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. |
1.75% |
| Weighted Average Duration (Years) | 15.38 |
| Maximum Annual Management Fee | 0.25% |
| Management Expense Ratio | 0.27% |
| Market Volume | 4,483 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | May 19, 2010 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 4,250 |
| 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 asemi-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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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (Feb 14, 2020) |
$ 78.39 |
|---|---|
| Market Price | $ 18.53 |
| 12-Month Low/High (Market Price) | $ 16.91 / $ 18.70 |
| Price (NAV) | $ 18.4448 |
| 12-Month Low/High (Price (NAV)) | $ 16.9398 / $ 18.8361 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Feb 14, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 18.53 | $ 0.16 | 0.87% |
| Price (NAV) | $ 18.4448 | $ 0.0510 | 0.28% |
Performance
Annualized Performance (%) for period ending: Jan 31, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 10.90% | 6.02% | 4.57% | 1.56% | - | 4.31% |
| Index | 11.22% | 6.31% | 4.84% | 1.80% | - | 4.59% |
| Jan 31, 2020 |
Calendar Year Performance (%) for period ending: Jan 31, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 4.17% | 7.90% | -0.49% | 0.32% | 2.56% | 2.37% | 13.16% | -12.68% | 2.69% | 17.84% |
| Index | 4.22% | 8.18% | -0.18% | 0.51% | 2.84% | 2.56% | 13.47% | -12.51% | 3.01% | 18.25% |
| Jan 31, 2020 |
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 | 4.17% | 4.17% | 3.31% | 2.83% | 10.90% | 12.41% | 14.33% | 8.03% | - | 50.69% |
| Index | 4.22% | 4.22% | 3.33% | 2.99% | 11.22% | 13.02% | 15.22% | 9.33% | - | 54.59% |
| Jan 31, 2020 |
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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 |
|---|---|---|---|---|---|---|
| Jan, 2020 | Jan 29, 2020 | Jan 30, 2020 | Feb 04, 2020 | 0.035000 | - | 0.035000 |
| Feb, 2020 | Feb 26, 2020 | Feb 27, 2020 | Mar 03, 2020 | - | - | - |
| Mar, 2020 | Mar 27, 2020 | Mar 30, 2020 | Apr 02, 2020 | - | - | - |
| Apr, 2020 | Apr 28, 2020 | Apr 29, 2020 | May 04, 2020 | - | - | - |
| May, 2020 | May 27, 2020 | May 28, 2020 | Jun 02, 2020 | - | - | - |
| Jun, 2020 | Jun 26, 2020 | Jun 29, 2020 | Jul 06, 2020 | - | - | - |
| Jul, 2020 | Jul 29, 2020 | Jul 30, 2020 | Aug 05, 2020 | - | - | - |
| Aug, 2020 | Aug 27, 2020 | Aug 28, 2020 | Sep 02, 2020 | - | - | - |
| Sep, 2020 | Sep 28, 2020 | Sep 29, 2020 | Oct 02, 2020 | - | - | - |
| Oct, 2020 | Oct 28, 2020 | Oct 29, 2020 | Nov 03, 2020 | - | - | - |
| Nov, 2020 | Nov 26, 2020 | Nov 30, 2020 | Dec 02, 2020 | - | - | - |
| Dec, 2020 | Dec 29, 2020 | Dec 30, 2020 | Jan 05, 2021 | - | - | - |
| Year to Date | 0.035000 | 0.000000 | 0.035000 |
| 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 Feb 13, 2020
100.12%
-0.12%
9
$ 78,390,273.00
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| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 14.94% | CANADIAN GOVERNMENT REAL RETURN BOND 4% 01Dec2031 | CA135087WV25 | 7,907,954 | CAD | 4.00 | 12/01/2031 | 11,677,943 | - | Fixed Income |
| 14.50% | CANADIAN GOVERNMENT REAL RETURN BOND 1.5% 01Dec2044 | CA135087ZH04 | 8,542,693 | CAD | 1.50 | 12/01/2044 | 11,332,225 | - | Fixed Income |
| 13.65% | CANADIAN GOVERNMENT REAL RETURN BOND 3% 01Dec2036 | CA135087XQ21 | 7,191,383 | CAD | 3.00 | 12/01/2036 | 10,667,425 | - | Fixed Income |
| 13.44% | CANADIAN GOVERNMENT REAL RETURN BOND 2% 01Dec2041 | CA135087YK42 | 7,521,573 | CAD | 2.00 | 12/01/2041 | 10,504,359 | - | Fixed Income |
| 12.36% | CANADIAN GOVERNMENT REAL RETURN BOND 4.25% 01Dec2026 | CA135087VS05 | 7,429,935 | CAD | 4.25 | 12/01/2026 | 9,660,859 | - | Fixed Income |
| 11.97% | CANADIAN GOVERNMENT REAL RETURN BOND 1.25% 01Dec2047 | CA135087B949 | 7,153,530 | CAD | 1.25 | 12/01/2047 | 9,356,447 | - | Fixed Income |
| 10.48% | CANADIAN GOVERNMENT REAL RETURN BOND 4.25% 01Dec2021 | CA135087UL60 | 7,567,287 | CAD | 4.25 | 12/01/2021 | 8,194,692 | - | Fixed Income |
| 8.79% | CANADIAN GOVERNMENT REAL RETURN BOND .5% 01Dec2050 | CA135087G997 | 6,122,783 | CAD | 0.50 | 12/01/2050 | 6,873,171 | - | Fixed Income |
| -0.12% | CASH | - | 1 | CAD | - | - | -93,661 | - | Cash and Cash Equivalents |
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.