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Overview

Fund Profile

Key Facts

Fund Ticker ZEF
Net Assets (Mn)
(Jan 18, 2019)
$ 230.18
Base Currency CAD
Closing Market Price $ 15.50
12-Month Low/High (Market Price) $ 14.88 / $ 16.60
Closing NAV Price
(Jan 18, 2019)
$ 15.4733
12-Month Low/High (Price (NAV)) $ 14.9188 / $ 16.5871
Weighted Average Term (Years) 6.06
Weighted Average Coupon (%) 4.84%
Annualized Distribution Yield
(Jan 11, 2019)

Annualized Distribution Yield: The most recent regular distribution (excluding year end distributions for those ETFs that distribute more frequently) annualized for frequency divided by current NAV.

4.84%
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.

6.14%
Weighted Average Duration (Years) 4.98
Maximum Annual Management Fee 0.50%
Management Expense Ratio 0.56%
Market Volume 86,047
Distribution Frequency Monthly
Options Available No
Inception Date May 21, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 14,876
Index Bloomberg Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Cap Index CAD Hgd
Exchange TSX
CUSIP 05560F107
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Emerging Markets Bond Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Capped Index CAD Hedged, net of expenses. The Fund invests in a diversified basket of US dollar denominated sovereign debt from emerging markets issuers by including up to three bonds per emerging market country. The US dollar exposure is hedged back to Canadian dollars.

Benchmark info

The Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Capped Index CAD Hedged is a diversified basket of US dollar denominated sovereign debt from emerging market issuers. The basket is designed to be broad-based in its coverage of emerging market sovereign issuers, yet tradable by including up to three bonds per emerging market country and diversified by capping and flooring both the region and country exposures in the index according to the index rules. The index is comprised of securities with a term to maturity of between 18 months and no more than 10 years. The Index is weighted by gross domestic product as a measure of economy size. The US dollar exposure is hedged back to Canadian dollars.

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of U.S. dollar emerging market bonds
  • Includes bonds with 18 months to ten years to maturity
  • Currency is hedged back to Canadian dollars
  • 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)
(Jan 18, 2019)
$ 230.18
Market Price $ 15.50
12-Month Low/High (Market Price) $ 14.88 / $ 16.60
Price (NAV) $ 15.4733
12-Month Low/High (Price (NAV)) $ 14.9188 / $ 16.5871
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.50 - -
Price (NAV) $ 15.4733 $ 0.0223 0.14%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Dec 31, 2018

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -3.99% 0.24% 2.43% 3.74% - 5.16%
Index -4.25% 0.12% 2.21% 3.58% - 5.29%
Calendar Performance

Calendar Year Performance (%) for period ending: Dec 31, 2018

YTD 2017 2016 2015 2014 2013 2012 2011 2010
NAV -3.99% 4.65% 6.96% 2.86% 8.68% -4.71% 15.93% 7.11% 8.48%
Index -4.25% 4.69% 6.50% 3.39% 8.02% -4.66% 16.69% 7.79% 9.06%
Cumulative Performance

Cumulative Performance (%) for period ending: Dec 31, 2018

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -3.99% 1.48% 0.09% 0.64% -3.99% 0.47% 7.47% 20.15% - 54.23%
Index -4.25% 1.39% 0.02% 0.64% -4.25% 0.24% 6.76% 19.23% - 55.94%

The ETF started tracking the Barclays Emerging Markets Tradable External Debt (EMTED) GDP Weighted Capped Index CAD Hedged on June 1, 2015. Previously it was tracking the Barclays Emerging Markets Tradable USD Sovereign Bond Index CAD Hedged.

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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 - - -
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 - - -
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 - - -
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 - - -
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 - - -
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 - - -
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 - - -
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 - - -
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 Jan 18, 2019

Fixed Income

96.91%

Cash and Cash Equivalents

3.09%

Number of Holdings

58

Total Net Assets

$ 230,184,543.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.39% FED REPUBLIC OF BRAZIL SR UNSECURED 01/28 4.625 US105756BZ27 6,000,000 USD 4.63 01/13/2028 7,814,241 - Fixed Income
3.38% UNITED MEXICAN STATES SR UNSECURED 03/27 4.15 US91087BAC46 5,900,000 USD 4.15 03/28/2027 7,777,670 - Fixed Income
3.34% REPUBLIC OF INDONESIA SR UNSECURED REGS 01/25 4.125 USY20721BG36 5,800,000 USD 4.13 01/15/2025 7,696,930 - Fixed Income
3.32% FED REPUBLIC OF BRAZIL SR UNSECURED 01/23 2.625 US105756BU30 6,050,000 USD 2.63 01/05/2023 7,650,415 - Fixed Income
3.28% REPUBLIC OF TURKEY SR UNSECURED 03/24 5.75 US900123CF53 5,750,000 USD 5.75 03/22/2024 7,541,211 - Fixed Income
3.28% RUSSIAN FEDERATION SR UNSECURED REGS 09/23 4.875 XS0971721450 5,400,000 USD 4.88 09/16/2023 7,541,880 - Fixed Income
3.26% RUSSIAN FEDERATION SR UNSECURED REGS 06/27 4.25 RU000A0JXTS9 5,800,000 USD 4.25 06/23/2027 7,515,330 - Fixed Income
3.24% FED REPUBLIC OF BRAZIL SR UNSECURED 01/25 4.25 US105756BV13 5,625,000 USD 4.25 01/07/2025 7,462,636 - Fixed Income
3.24% REPUBLIC OF TURKEY SR UNSECURED 09/22 6.25 US900123BZ27 5,500,000 USD 6.25 09/26/2022 7,467,042 - Fixed Income
3.22% REPUBLIC OF INDONESIA SR UNSECURED REGS 01/26 4.75 USY20721BN86 5,400,000 USD 4.75 01/08/2026 7,406,699 - Fixed Income
3.20% UNITED MEXICAN STATES SR UNSECURED 01/26 4.125 US91086QBG29 5,600,000 USD 4.13 01/21/2026 7,359,594 - Fixed Income
3.17% RUSSIAN FEDERATION SR UNSECURED REGS 05/26 4.75 RU000A0JWHA4 5,400,000 USD 4.75 05/27/2026 7,298,571 - Fixed Income
3.16% REPUBLIC OF INDONESIA SR UNSECURED REGS 10/23 5.375 USY20721BH19 5,100,000 USD 5.38 10/17/2023 7,264,983 - Fixed Income
3.14% UNITED MEXICAN STATES SR UNSECURED 01/25 3.6 US91087BAA89 5,520,000 USD 3.60 01/30/2025 7,222,941 - Fixed Income
3.12% REPUBLIC OF TURKEY SR UNSECURED 03/27 6 US900123CL22 5,600,000 USD 6.00 03/25/2027 7,176,287 - Fixed Income
2.74% SAUDI INTERNATIONAL BOND SR UNSECURED REGS 03/28 3.625 XS1694217495 4,900,000 USD 3.63 03/04/2028 6,311,200 - Fixed Income
2.73% KSA SUKUK LTD SR UNSECURED REGS 04/27 3.628 XS1599284202 4,800,000 USD 3.63 04/20/2027 6,281,274 - Fixed Income
2.71% SAUDI INTERNATIONAL BOND SR UNSECURED REGS 03/23 2.875 XS1694216687 4,800,000 USD 2.88 03/04/2023 6,242,738 - Fixed Income
2.16% REPUBLIC OF ARGENTINA SR UNSECURED 01/22 5.625 US040114HK99 4,000,000 USD 5.63 01/26/2022 4,963,943 - Fixed Income
2.10% REPUBLIC OF ARGENTINA SR UNSECURED 01/27 6.875 US040114HL72 4,150,000 USD 6.88 01/26/2027 4,832,719 - Fixed Income
2.06% REPUBLIC OF ARGENTINA SR UNSECURED 04/26 7.5 US040114GX20 3,950,000 USD 7.50 04/22/2026 4,733,549 - Fixed Income
2.02% REPUBLIC OF POLAND SR UNSECURED 03/22 5 US857524AB80 3,275,000 USD 5.00 03/23/2022 4,648,346 - Fixed Income
1.99% REPUBLIC OF POLAND SR UNSECURED 01/24 4 US857524AC63 3,360,000 USD 4.00 01/22/2024 4,589,131 - Fixed Income
1.87% REPUBLIC OF POLAND SR UNSECURED 03/23 3 US731011AT95 3,250,000 USD 3.00 03/17/2023 4,312,099 - Fixed Income
1.53% ABU DHABI GOVT INT L SR UNSECURED REGS 10/22 2.5 XS1696908471 2,700,000 USD 2.50 10/11/2022 3,524,541 - Fixed Income
1.50% ABU DHABI GOVT INT L SR UNSECURED REGS 05/26 3.125 XS1402929746 2,650,000 USD 3.13 05/03/2026 3,452,415 - Fixed Income
1.44% ABU DHABI GOVT INT L SR UNSECURED REGS 10/27 3.125 XS1696892295 2,575,000 USD 3.13 10/11/2027 3,321,326 - Fixed Income
1.28% REPUBLIC OF COLOMBIA SR UNSECURED 04/27 3.875 US195325DL65 2,250,000 USD 3.88 04/25/2027 2,944,680 - Fixed Income
1.28% REPUBLIC OF SOUTH AFRICA SR UNSECURED 09/27 4.85 US836205AW44 2,300,000 USD 4.85 09/27/2027 2,937,566 - Fixed Income
1.27% REPUBLIC OF SOUTH AFRICA SR UNSECURED 09/25 5.875 US836205AR58 2,100,000 USD 5.88 09/16/2025 2,923,227 - Fixed Income
1.23% REPUBLIC OF PHILIPPINES SR UNSECURED 03/26 5.5 US718286BN61 1,875,000 USD 5.50 03/30/2026 2,833,636 - Fixed Income
1.22% REPUBLIC OF PHILIPPINES SR UNSECURED 01/24 4.2 US718286BY27 2,050,000 USD 4.20 01/21/2024 2,815,998 - Fixed Income
1.21% REPUBLIC OF COLOMBIA SR UNSECURED 07/21 4.375 US195325BN40 2,050,000 USD 4.38 07/12/2021 2,779,436 - Fixed Income
1.19% ISLAMIC REP OF PAKISTAN SR UNSECURED REGS 12/27 6.875 XS1729875598 2,200,000 USD 6.88 12/05/2027 2,728,490 - Fixed Income
1.18% REPUBLIC OF SOUTH AFRICA SR UNSECURED 05/22 5.875 US836205AL88 1,950,000 USD 5.88 05/30/2022 2,717,968 - Fixed Income
1.15% ISLAMIC REP OF PAKISTAN SR UNSECURED REGS 04/24 8.25 XS1056560920 1,900,000 USD 8.25 04/15/2024 2,641,925 - Fixed Income
1.15% REPUBLIC OF COLOMBIA SR UNSECURED 02/24 4 US195325BQ70 1,950,000 USD 4.00 02/26/2024 2,640,095 - Fixed Income
1.11% REPUBLIC OF PHILIPPINES SR UNSECURED 01/21 4 US718286BK23 1,900,000 USD 4.00 01/15/2021 2,551,325 - Fixed Income
1.05% THIRD PKSTAN INTL SUKUK SR UNSECURED REGS 10/21 5.5 XS1501659384 1,850,000 USD 5.50 10/13/2021 2,416,037 - Fixed Income
0.92% REPUBLIC OF VENEZUELA SR UNSECURED 09/27 9.25 US922646AS37 5,800,000 USD 9.25 09/15/2027 2,126,987 - Fixed Income
0.90% REPUBLIC OF VENEZUELA SR UNSECURED REGS 10/24 8.25 USP97475AP55 5,950,000 USD 8.25 10/13/2024 2,063,516 - Fixed Income
0.77% ROMANIA SR UNSECURED REGS 02/22 6.75 US77586TAA43 1,200,000 USD 6.75 02/07/2022 1,761,498 - Fixed Income
0.76% REPUBLIC OF VENEZUELA SR UNSECURED REGS 10/26 11.75 USP17625AE71 4,800,000 USD 11.75 10/21/2026 1,760,265 - Fixed Income
0.74% ROMANIA SR UNSECURED REGS 01/24 4.875 US77586TAD81 1,250,000 USD 4.88 01/22/2024 1,709,381 - Fixed Income
0.71% ROMANIA SR UNSECURED REGS 08/23 4.375 US77586TAC09 1,200,000 USD 4.38 08/22/2023 1,633,892 - Fixed Income
0.53% HUNGARY SR UNSECURED 03/21 6.375 US445545AE60 850,000 USD 6.38 03/29/2021 1,214,538 - Fixed Income
0.50% HUNGARY SR UNSECURED 03/24 5.375 US445545AL04 800,000 USD 5.38 03/25/2024 1,154,172 - Fixed Income
0.47% HUNGARY SR UNSECURED 11/23 5.75 US445545AJ57 750,000 USD 5.75 11/22/2023 1,088,780 - Fixed Income
0.37% UKRAINE GOVERNMENT SR UNSECURED REGS 09/27 7.75 XS1303927179 700,000 USD 7.75 09/01/2027 862,219 - Fixed Income
0.35% UKRAINE GOVERNMENT SR UNSECURED REGS 09/20 7.75 XS1303918939 600,000 USD 7.75 09/01/2020 807,743 - Fixed Income
0.31% LEBANESE REPUBLIC SR UNSECURED REGS 03/27 6.85 XS1586230051 700,000 USD 6.85 03/23/2027 716,890 - Fixed Income
0.29% REPUBLIC OF SRI LANKA SR UNSECURED REGS 07/21 6.25 USY2029SAG94 500,000 USD 6.25 07/27/2021 678,588 - Fixed Income
0.28% LEBANESE REPUBLIC SR UNSECURED REGS 10/22 6.1 XS0559237796 600,000 USD 6.10 10/04/2022 646,834 - Fixed Income
0.28% REPUBLIC OF SRI LANKA SR UNSECURED REGS 07/26 6.825 USY8137FAF54 500,000 USD 6.83 07/18/2026 635,340 - Fixed Income
0.28% REPUBLIC OF SRI LANKA SR UNSECURED REGS 11/25 6.85 USY8137FAE89 500,000 USD 6.85 11/03/2025 653,975 - Fixed Income
0.27% UKRAINE GOVERNMENT SR UNSECURED REGS 09/25 7.75 XS1303925470 500,000 USD 7.75 09/01/2025 626,617 - Fixed Income
0.26% LEBANESE REPUBLIC SR UNSECURED REGS 04/21 8.25 XS0250882478 500,000 USD 8.25 04/12/2021 600,186 - Fixed Income
3.09% CASH - 1 CAD - - 7,103,037 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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