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Overview

Fund Profile

Key Facts

Fund Ticker ZEF
Net Assets (Mn)
(Mar 22, 2019)
$ 237.02
Base Currency CAD
Closing Market Price $ 15.73
12-Month Low/High (Market Price) $ 14.88 / $ 16.30
Closing NAV Price
(Mar 22, 2019)
$ 15.7212
12-Month Low/High (Price (NAV)) $ 14.9188 / $ 16.1414
Weighted Average Term (Years) 5.91
Weighted Average Coupon (%) 4.85%
Annualized Distribution Yield
(Mar 15, 2019)

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

4.76%
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.

5.69%
Weighted Average Duration (Years) 4.89
Maximum Annual Management Fee 0.50%
Management Expense Ratio 0.56%
Market Volume 12,748
Distribution Frequency Monthly
Options Available No
Inception Date May 21, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 15,076
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)
(Mar 22, 2019)
$ 237.02
Market Price $ 15.73
12-Month Low/High (Market Price) $ 14.88 / $ 16.30
Price (NAV) $ 15.7212
12-Month Low/High (Price (NAV)) $ 14.9188 / $ 16.1414
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.73 $ 0.02 0.13%
Price (NAV) $ 15.7212 $ -0.0004 -

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.27% 0.59% 2.81% 4.01% - 5.47%
Index 0.98% 0.47% 2.58% 3.89% - 5.59%
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 3.46% -3.99% 4.65% 6.96% 2.86% 8.68% -4.71% 15.93% 7.11% 8.48%
Index 3.38% -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: Feb 28, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.46% 0.06% 4.99% 5.77% 1.27% 1.18% 8.68% 21.69% - 59.56%
Index 3.38% -0.15% 4.81% 5.51% 0.98% 0.95% 7.95% 21.03% - 61.21%

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.

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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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.062000 0.000000 0.062000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.062000 0.000000 0.062000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.062000 0.000000 0.062000
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 Mar 22, 2019

Fixed Income

101.07%

Cash and Cash Equivalents

-1.07%

Number of Holdings

61

Total Net Assets

$ 237,016,452.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.55% RUSSIAN FOREIGN BOND - EUROBOND 4.25% 23Jun27 RU000A0JXTS9 6,200,000 USD 4.25 06/23/2027 8,405,940 - Fixed Income
3.50% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 2.625% 05Jan23 US105756BU30 6,350,000 USD 2.63 01/05/2023 8,288,808 - Fixed Income
3.49% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.625% 13Jan28 US105756BZ27 6,075,000 USD 4.63 01/13/2028 8,260,981 - Fixed Income
3.48% MEXICO GOVERNMENT INTERNATIONAL BOND 3.6% 30Jan25 US91087BAA89 6,120,000 USD 3.60 01/30/2025 8,247,341 - Fixed Income
3.46% MEXICO GOVERNMENT INTERNATIONAL BOND 4.15% 28Mar27 US91087BAC46 5,900,000 USD 4.15 03/28/2027 8,197,837 - Fixed Income
3.44% INDONESIA GOVERNMENT INTERNATIONAL BOND 4.75% 08Jan26 USY20721BN86 5,700,000 USD 4.75 01/08/2026 8,162,533 - Fixed Income
3.44% INDONESIA GOVERNMENT INTERNATIONAL BOND 5.375% 17Oct23 USY20721BH19 5,500,000 USD 5.38 10/17/2023 8,159,088 - Fixed Income
3.43% BRAZILIAN GOVERNMENT INTERNATIONAL BOND 4.25% 07Jan25 US105756BV13 5,925,000 USD 4.25 01/07/2025 8,139,186 - Fixed Income
3.39% INDONESIA GOVERNMENT INTERNATIONAL BOND 4.125% 15Jan25 USY20721BG36 5,800,000 USD 4.13 01/15/2025 8,026,337 - Fixed Income
3.37% MEXICO GOVERNMENT INTERNATIONAL BOND 4.125% 21Jan26 US91086QBG29 5,800,000 USD 4.13 01/21/2026 7,988,241 - Fixed Income
3.36% TURKEY GOVERNMENT INTERNATIONAL BOND 6.25% 26Sep22 US900123BZ27 5,900,000 USD 6.25 09/26/2022 7,962,913 - Fixed Income
3.31% RUSSIAN FOREIGN BOND - EUROBOND 4.75% 27May26 RU000A0JWHA4 5,600,000 USD 4.75 05/27/2026 7,846,456 - Fixed Income
3.26% TURKEY GOVERNMENT INTERNATIONAL BOND 5.75% 22Mar24 US900123CF53 5,950,000 USD 5.75 03/22/2024 7,715,800 - Fixed Income
3.19% TURKEY GOVERNMENT INTERNATIONAL BOND 6% 25Mar27 US900123CL22 5,900,000 USD 6.00 03/25/2027 7,558,554 - Fixed Income
2.91% SAUDI GOVERNMENT INTERNATIONAL BOND 2.875% 04Mar23 XS1694216687 5,200,000 USD 2.88 03/04/2023 6,901,933 - Fixed Income
2.86% SAUDI GOVERNMENT INTERNATIONAL BOND 3.625% 04Mar28 XS1694217495 5,100,000 USD 3.63 03/04/2028 6,786,573 - Fixed Income
2.75% KSA SUKUK LTD 3.628% 20Apr27 XS1599284202 4,800,000 USD 3.63 04/20/2027 6,516,179 - Fixed Income
2.19% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 3% 17Mar23 US731011AT95 3,850,000 USD 3.00 03/17/2023 5,193,062 - Fixed Income
2.13% ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 7.5% 22Apr26 US040114GX20 4,250,000 USD 7.50 04/22/2026 5,046,954 - Fixed Income
2.08% ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 5.625% 26Jan22 US040114HK99 4,200,000 USD 5.63 01/26/2022 4,924,111 - Fixed Income
2.00% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 4% 22Jan24 US857524AC63 3,360,000 USD 4.00 01/22/2024 4,746,701 - Fixed Income
1.97% REPUBLIC OF POLAND GOVERNMENT INTERNATIONAL BOND 5% 23Mar22 US857524AB80 3,275,000 USD 5.00 03/23/2022 4,665,556 - Fixed Income
1.94% ARGENTINE REPUBLIC GOVERNMENT INTERNATIONAL BOND 6.875% 26Jan27 US040114HL72 4,150,000 USD 6.88 01/26/2027 4,598,547 - Fixed Income
1.69% ABU DHABI GOVERNMENT INTERNATIONAL BOND 3.125% 11Oct27 XS1696892295 2,975,000 USD 3.13 10/11/2027 4,001,313 - Fixed Income
1.53% ABU DHABI GOVERNMENT INTERNATIONAL BOND 2.5% 11Oct22 XS1696908471 2,700,000 USD 2.50 10/11/2022 3,623,217 - Fixed Income
1.51% ABU DHABI GOVERNMENT INTERNATIONAL BOND 3.125% 03May26 XS1402929746 2,650,000 USD 3.13 05/03/2026 3,588,865 - Fixed Income
1.49% REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 5.875% 16Sep25 US836205AR58 2,500,000 USD 5.88 09/16/2025 3,536,074 - Fixed Income
1.44% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 5.5% 30Mar26 US718286BN61 2,175,000 USD 5.50 03/30/2026 3,410,680 - Fixed Income
1.31% COLOMBIA GOVERNMENT INTERNATIONAL BOND 3.875% 25Apr27 US195325DL65 2,250,000 USD 3.88 04/25/2027 3,098,716 - Fixed Income
1.30% REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 4.85% 27Sep27 US836205AW44 2,300,000 USD 4.85 09/27/2027 3,080,792 - Fixed Income
1.26% PAKISTAN GOVERNMENT INTERNATIONAL BOND 6.875% 05Dec27 XS1729875598 2,200,000 USD 6.88 12/05/2027 2,987,005 - Fixed Income
1.25% COLOMBIA GOVERNMENT INTERNATIONAL BOND 4% 26Feb24 US195325BQ70 2,150,000 USD 4.00 02/26/2024 2,968,831 - Fixed Income
1.23% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 4.2% 21Jan24 US718286BY27 2,050,000 USD 4.20 01/21/2024 2,919,707 - Fixed Income
1.20% COLOMBIA GOVERNMENT INTERNATIONAL BOND 4.375% 12Jul21 US195325BN40 2,050,000 USD 4.38 07/12/2021 2,853,029 - Fixed Income
1.19% PAKISTAN GOVERNMENT INTERNATIONAL BOND 8.25% 15Apr24 XS1056560920 1,900,000 USD 8.25 04/15/2024 2,823,320 - Fixed Income
1.18% REPUBLIC OF SOUTH AFRICA GOVERNMENT INTERNATIONAL BOND 5.875% 30May22 US836205AL88 1,950,000 USD 5.88 05/30/2022 2,798,777 - Fixed Income
1.11% PHILIPPINE GOVERNMENT INTERNATIONAL BOND 4% 15Jan21 US718286BK23 1,900,000 USD 4.00 01/15/2021 2,622,947 - Fixed Income
1.07% THIRD PAKISTAN INTERNATIONAL SUKUK CO LTD/THE 5.5% 13Oct21 XS1501659384 1,850,000 USD 5.50 10/13/2021 2,546,732 - Fixed Income
0.89% VENEZUELA GOVERNMENT INTERNATIONAL BOND 9.25% 15Sep27 US922646AS37 5,050,000 USD 9.25 09/15/2027 2,118,948 - Fixed Income
0.76% ROMANIAN GOVERNMENT INTERNATIONAL BOND 4.875% 22Jan24 US77586TAD81 1,250,000 USD 4.88 01/22/2024 1,793,683 - Fixed Income
0.75% ROMANIAN GOVERNMENT INTERNATIONAL BOND 6.75% 07Feb22 US77586TAA43 1,200,000 USD 6.75 02/07/2022 1,773,211 - Fixed Income
0.71% VENEZUELA GOVERNMENT INTERNATIONAL BOND 11.75% 21Oct26 USP17625AE71 4,050,000 USD 11.75 10/21/2026 1,685,760 - Fixed Income
0.60% HUNGARY GOVERNMENT INTERNATIONAL BOND 5.75% 22Nov23 US445545AJ57 950,000 USD 5.75 11/22/2023 1,429,935 - Fixed Income
0.53% HUNGARY GOVERNMENT INTERNATIONAL BOND 6.375% 29Mar21 US445545AE60 850,000 USD 6.38 03/29/2021 1,248,107 - Fixed Income
0.52% SRI LANKA GOVERNMENT INTERNATIONAL BOND 6.25% 27Jul21 USY2029SAG94 900,000 USD 6.25 07/27/2021 1,237,482 - Fixed Income
0.49% HUNGARY GOVERNMENT INTERNATIONAL BOND 5.375% 25Mar24 US445545AL04 800,000 USD 5.38 03/25/2024 1,172,930 - Fixed Income
0.37% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep27 XS1303927179 700,000 USD 7.75 09/01/2027 881,670 - Fixed Income
0.34% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep20 XS1303918939 600,000 USD 7.75 09/01/2020 808,083 - Fixed Income
0.33% LEBANON GOVERNMENT INTERNATIONAL BOND 6.85% 23Mar27 XS1586230051 700,000 USD 6.85 03/23/2027 774,947 - Fixed Income
0.31% LEBANON GOVERNMENT INTERNATIONAL BOND 6.1% 04Oct22 XS0559237796 600,000 USD 6.10 10/04/2022 728,224 - Fixed Income
0.29% SRI LANKA GOVERNMENT INTERNATIONAL BOND 6.825% 18Jul26 USY8137FAF54 500,000 USD 6.83 07/18/2026 677,515 - Fixed Income
0.29% SRI LANKA GOVERNMENT INTERNATIONAL BOND 6.85% 03Nov25 USY8137FAE89 500,000 USD 6.85 11/03/2025 692,088 - Fixed Income
0.28% LEBANON GOVERNMENT INTERNATIONAL BOND 8.25% 12Apr21 XS0250882478 500,000 USD 8.25 04/12/2021 662,774 - Fixed Income
0.27% UKRAINE GOVERNMENT INTERNATIONAL BOND 7.75% 01Sep25 XS1303925470 500,000 USD 7.75 09/01/2025 644,870 - Fixed Income
-1.07% CASH - 1 CAD - - -2,530,114 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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