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Overview

Fund Profile

Key Facts

Fund Ticker ZFL
Net Assets (Mn)
(Mar 22, 2019)
$ 297.50
Base Currency CAD
Closing Market Price $ 18.20
12-Month Low/High (Market Price) $ 16.36 / $ 18.20
Closing NAV Price
(Mar 22, 2019)
$ 18.2198
12-Month Low/High (Price (NAV)) $ 16.3273 / $ 18.2198
Weighted Average Term (Years) 21.52
Weighted Average Coupon (%) 4.17%
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.

3.02%
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.

2.00%
Weighted Average Duration (Years) 15.18
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 11,758
Distribution Frequency Monthly
Options Available Yes
Inception Date May 19, 2010
Fiscal Year-End December 31
Units Outstanding (000's) 16,329
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)
(Mar 22, 2019)
$ 297.50
Market Price $ 18.20
12-Month Low/High (Market Price) $ 16.36 / $ 18.20
Price (NAV) $ 18.2198
12-Month Low/High (Price (NAV)) $ 16.3273 / $ 18.2198
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 18.20 $ 0.21 1.17%
Price (NAV) $ 18.2198 $ 0.2050 1.14%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 5.29% 2.97% 0.66% 4.18% - 5.14%
Index 5.46% 3.14% 0.89% 4.45% - 5.37%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 0.39% 3.24% 2.56% -1.15% 5.04% 17.14% -9.13% 4.29% 19.87% 5.76%
Index 0.49% 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: Feb 28, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.39% -0.50% 3.96% 2.60% 5.29% 6.02% 2.00% 22.70% - 55.32%
Index 0.49% -0.52% 4.03% 2.72% 5.46% 6.37% 2.68% 24.33% - 58.31%

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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 0.045000 0.000000 0.045000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.045000 0.000000 0.045000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.045000 0.000000 0.045000
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

100.02%

Cash and Cash Equivalents

-0.02%

Number of Holdings

18

Total Net Assets

$ 297,503,880.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
22.85% CANADIAN GOVERNMENT BOND 4% 01Jun41 CA135087YQ12 48,780,000 CAD 4.00 06/01/2041 67,977,773 - Fixed Income
21.48% CANADIAN GOVERNMENT BOND 5% 01Jun37 CA135087XW98 42,480,000 CAD 5.00 06/01/2037 63,903,624 - Fixed Income
14.12% CANADIAN GOVERNMENT BOND 2.75% 01Dec48 CA135087D358 34,925,000 CAD 2.75 12/01/2048 42,005,423 - Fixed Income
11.16% CANADIAN GOVERNMENT BOND 5.75% 01Jun29 CA135087WL43 23,675,000 CAD 5.75 06/01/2029 33,214,405 - Fixed Income
7.56% CANADIAN GOVERNMENT BOND 5.75% 01Jun33 CA135087XG49 14,780,000 CAD 5.75 06/01/2033 22,483,480 - Fixed Income
5.28% CANADIAN GOVERNMENT BOND 3.5% 01Dec45 CA135087ZS68 11,690,000 CAD 3.50 12/01/2045 15,716,806 - Fixed Income
4.46% CANADIAN GOVERNMENT BOND 2.75% 01Dec64 CA135087C939 10,350,000 CAD 2.75 12/01/2064 13,274,033 - Fixed Income
3.23% CANADIAN GOVERNMENT BOND 2.25% 01Jun29 CA135087J397 9,000,000 CAD 2.25 06/01/2029 9,596,801 - Fixed Income
2.51% CANADIAN GOVERNMENT BOND 2% 01Dec51 CA135087H722 7,230,000 CAD 2.00 12/01/2051 7,465,058 - Fixed Income
1.81% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.83% 01Jun CA628153AB44 4,490,000 CAD 3.83 06/01/2037 5,393,778 - Fixed Income
1.38% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.86% 01Dec CA628153AC27 3,220,000 CAD 3.86 12/01/2048 4,103,817 - Fixed Income
1.05% MUSKRAT FALLS / LABRADOR TRANSMISSION ASSETS FUNDING TRUST 3.63% 01Jun CA628153AA60 2,740,000 CAD 3.63 06/01/2029 3,117,566 - Fixed Income
0.97% CANADA POST CORP 4.36% 16Jul40 CA13521JAB76 2,190,000 CAD 4.36 07/16/2040 2,891,758 - Fixed Income
0.79% LABRADOR-ISLAND LINK FUNDING TRUST 3.86% 01Dec45 CA505443AB77 1,869,000 CAD 3.86 12/01/2045 2,341,872 - Fixed Income
0.75% LABRADOR-ISLAND LINK FUNDING TRUST 3.76% 01Jun33 CA505443AA94 1,890,000 CAD 3.76 06/01/2033 2,217,411 - Fixed Income
0.37% MARITIME LINK FINANCING TRUST 3.5% 01Dec52 CA570344AA98 985,000 CAD 3.50 12/01/2052 1,107,357 - Fixed Income
0.25% LABRADOR-ISLAND LINK FUNDING TRUST 3.85% 01Dec53 CA505443AC50 570,000 CAD 3.85 12/01/2053 737,852 - Fixed Income
-0.02% CASH - 1 CAD - - -44,972 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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