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Overview

Fund Profile

Key Facts

Fund Ticker ZFL
Net Assets (Mn)
(Jan 18, 2019)
$ 259.50
Base Currency CAD
Closing Market Price $ 17.20
12-Month Low/High (Market Price) $ 16.36 / $ 17.75
Closing NAV Price
(Jan 18, 2019)
$ 17.2096
12-Month Low/High (Price (NAV)) $ 16.3273 / $ 17.7161
Weighted Average Term (Years) 21.72
Weighted Average Coupon (%) 4.15%
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.

3.30%
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.

2.19%
Weighted Average Duration (Years) 15.26
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 16,877
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 15,079
Index FTSE Canada Long Term Federal Bond Index
Exchange TSX
CUSIP 05590K100
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Long Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE TMX Canada Long Term Federal Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity greater than ten years. Securities held in the Index are generally issued or guaranteed by the Government of Canada, by various agencies of the Government of Canada, and by various instrumentalities that have been established or sponsored by the Government of Canada. 

Benchmark Info

The FTSE TMX Canada Long Term Federal Bond IndexTM consists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity greater than ten years, a credit rating of AAA and minimum size requirement of $50 million per issue. The federal sector consists of bonds issued by the Government of Canada (including both non-agency, agency/crown corporations) and supranational entities. Each security in the index is weighted by its relative market capitalization and rebalanced on a daily basis. 

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of federal bonds
  • Includes bonds with more than ten 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)
(Jan 18, 2019)
$ 259.50
Market Price $ 17.20
12-Month Low/High (Market Price) $ 16.36 / $ 17.75
Price (NAV) $ 17.2096
12-Month Low/High (Price (NAV)) $ 16.3273 / $ 17.7161
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 17.20 $ -0.07 -0.41%
Price (NAV) $ 17.2096 $ -0.0785 -0.45%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.24% 2.90% 1.53% 5.19% - 5.19%
Index 3.36% 3.04% 1.75% 5.46% - 5.41%
Calendar Performance

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

YTD 2017 2016 2015 2014 2013 2012 2011 2010
NAV 3.24% 2.56% -1.15% 5.04% 17.14% -9.13% 4.29% 19.87% 5.76%
Index 3.36% 2.72% -0.79% 5.37% 17.49% -8.87% 4.51% 19.82% 5.86%
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 3.24% 3.57% 4.74% 1.74% 3.24% 5.89% 4.67% 28.79% - 54.72%
Index 3.36% 3.53% 4.74% 1.83% 3.36% 6.18% 5.34% 30.42% - 57.54%

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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

99.97%

Cash and Cash Equivalents

0.03%

Number of Holdings

18

Total Net Assets

$ 259,496,718.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
22.84% CANADIAN GOVERNMENT BONDS 06/41 4 CA135087YQ12 45,280,000 CAD 4.00 06/01/2041 59,266,885 Government Fixed Income
21.73% CANADIAN GOVERNMENT BONDS 06/37 5 CA135087XW98 39,605,000 CAD 5.00 06/01/2037 56,393,055 Government Fixed Income
14.32% CANADIAN GOVERNMENT BONDS 12/48 2.75 CA135087D358 33,425,000 CAD 2.75 12/01/2048 37,147,185 Government Fixed Income
9.79% CANADIAN GOVERNMENT BONDS 06/29 5.75 CA135087WL43 18,825,000 CAD 5.75 06/01/2029 25,402,260 Government Fixed Income
7.91% CANADIAN GOVERNMENT BONDS 06/33 5.75 CA135087XG49 14,155,000 CAD 5.75 06/01/2033 20,516,314 Government Fixed Income
4.74% CANADIAN GOVERNMENT BONDS 12/45 3.5 CA135087ZS68 9,815,000 CAD 3.50 12/01/2045 12,289,752 Government Fixed Income
4.05% CANADIAN GOVERNMENT UNSECURED 12/64 2.75 CA135087C939 9,100,000 CAD 2.75 12/01/2064 10,511,883 Government Fixed Income
3.54% CANADIAN GOVERNMENT BONDS 06/29 2.25 CA135087J397 9,000,000 CAD 2.25 06/01/2029 9,193,123 Government Fixed Income
2.41% CANADIAN GOVERNMENT BONDS 12/51 2 CA135087H722 6,605,000 CAD 2.00 12/01/2051 6,242,009 Government Fixed Income
2.37% MUSKRAT FALLS/LABRADOR T GOVT GUARANT 144A 06/37 3.83 CA628153AB44 5,490,000 CAD 3.83 06/01/2037 6,145,659 Utilities Fixed Income
1.44% MUSKRAT FALLS/LABRADOR T GOVT GUARANT 144A 12/48 3.86 CA628153AC27 3,220,000 CAD 3.86 12/01/2048 3,743,786 Utilities Fixed Income
1.40% CANADA POST CORP SR UNSECURED 07/40 4.36 CA13521JAB76 2,940,000 CAD 4.36 07/16/2040 3,621,167 Government Fixed Income
1.15% MUSKRAT FALLS/LABRADOR T GOVT GUARANT 144A 06/29 3.63 CA628153AA60 2,740,000 CAD 3.63 06/01/2029 2,988,881 Utilities Fixed Income
0.83% LABRADOR ISLAND LINK FUN GOVT GUARANT 144A 12/45 3.86 CA505443AB77 1,869,000 CAD 3.86 12/01/2045 2,152,359 Utilities Fixed Income
0.81% LABRADOR ISLAND LINK FUN GOVT GUARANT 144A 06/33 3.76 CA505443AA94 1,890,000 CAD 3.76 06/01/2033 2,090,636 Utilities Fixed Income
0.40% MARITIME LINK FIN TRUST GOVT GUARANT 12/52 3.5 CA570344AA98 985,000 CAD 3.50 12/01/2052 1,034,907 Utilities Fixed Income
0.26% LABRADOR ISLAND LINK FUN GOVT GUARANT 144A 12/53 3.85 CA505443AC50 570,000 CAD 3.85 12/01/2053 671,246 Utilities Fixed Income
0.03% CASH - 1 CAD - - 85,559 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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