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Overview

Fund Profile

Key Facts

Fund Ticker ZFM
Net Assets (Mn)
(Mar 22, 2019)
$ 677.25
Base Currency CAD
Closing Market Price $ 16.51
12-Month Low/High (Market Price) $ 15.48 / $ 16.51
Closing NAV Price
(Mar 22, 2019)
$ 16.5115
12-Month Low/High (Price (NAV)) $ 15.4599 / $ 16.5115
Weighted Average Term (Years) 7.26
Weighted Average Coupon (%) 2.15%
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.

2.05%
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.

1.86%
Weighted Average Duration (Years) 6.68
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.22%
Market Volume 108,111
Distribution Frequency Monthly
Options Available No
Inception Date May 29, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 41,017
Index FTSE Canada Mid Term Federal Bond Index
Exchange TSX
CUSIP 05590L108
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Mid Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Mid Term Federal Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between five and 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 Canada Mid Term Federal Bond IndexTM consists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity between five and ten years, a credit rating of AAA and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. 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 re-balanced on a daily basis.

Fund Benefits

  • Designed for investors looking for consistent income
  • Invested in a diversified portfolio of federal bonds
  • Includes bonds with five to 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)
$ 677.25
Market Price $ 16.51
12-Month Low/High (Market Price) $ 15.48 / $ 16.51
Price (NAV) $ 16.5115
12-Month Low/High (Price (NAV)) $ 15.4599 / $ 16.5115
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 16.51 $ 0.07 0.43%
Price (NAV) $ 16.5115 $ 0.0753 0.46%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.96% 0.64% 0.15% 2.31% - 3.48%
Index 4.18% 0.88% 0.39% 2.53% - 3.66%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 0.85% 2.22% -0.93% -0.32% 4.89% 8.50% -2.37% 2.79% 11.75% 6.93%
Index 0.93% 2.40% -0.66% -0.06% 5.08% 8.66% -2.17% 2.88% 11.61% 7.17%
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 0.85% -0.14% 2.97% 3.06% 3.96% 1.29% 0.44% 12.09% - 39.64%
Index 0.93% -0.09% 3.02% 3.18% 4.18% 1.77% 1.18% 13.31% - 41.98%

The ETF started tracking the FTSE TMX Canada Mid Term Federal Bond Index™ on June 1, 2010. Previously, it was tracking the CITI Canada Government Bond Index.

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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 0.028000 0.000000 0.028000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.028000 0.000000 0.028000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.028000 0.000000 0.028000
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

100.03%

Cash and Cash Equivalents

-0.03%

Number of Holdings

18

Total Net Assets

$ 677,249,468.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
13.38% CANADIAN GOVERNMENT BOND 2.25% 01Jun25 CA135087D507 86,280,000 CAD 2.25 06/01/2025 90,619,174 Government Fixed Income
12.96% CANADIAN GOVERNMENT BOND 1% 01Jun27 CA135087F825 91,530,000 CAD 1.00 06/01/2027 87,754,918 Government Fixed Income
9.30% CANADIAN GOVERNMENT BOND 2.5% 01Jun24 CA135087B451 59,528,000 CAD 2.50 06/01/2024 63,011,454 Government Fixed Income
9.10% CANADA HOUSING TRUST NO 1 1.9% 15Sep26 CA13509PFL28 61,950,000 CAD 1.90 09/15/2026 61,626,553 Government Fixed Income
8.12% CANADIAN GOVERNMENT BOND 1.5% 01Jun26 CA135087E679 54,950,000 CAD 1.50 06/01/2026 55,004,226 Government Fixed Income
8.00% CANADIAN GOVERNMENT BOND 2% 01Jun28 CA135087H235 52,070,000 CAD 2.00 06/01/2028 54,193,020 Government Fixed Income
6.37% CANADA HOUSING TRUST NO 1 2.9% 15Jun24 CA13509PEF68 40,727,000 CAD 2.90 06/15/2024 43,156,782 Government Fixed Income
6.32% CANADA HOUSING TRUST NO 1 2.35% 15Jun27 CA13509PFX65 41,516,000 CAD 2.35 06/15/2027 42,832,990 Government Fixed Income
5.59% CANADA HOUSING TRUST NO 1 2.55% 15Mar25 CA13509PER07 36,522,000 CAD 2.55 03/15/2025 37,884,261 Government Fixed Income
4.64% CANADA HOUSING TRUST NO 1 2.25% 15Dec25 CA13509PFD02 30,620,000 CAD 2.25 12/15/2025 31,404,264 Government Fixed Income
4.36% CANADA HOUSING TRUST NO 1 1.95% 15Dec25 CA13509PFA62 29,350,000 CAD 1.95 12/15/2025 29,523,869 Government Fixed Income
4.03% CANADA HOUSING TRUST NO 1 2.65% 15Dec28 CA13509PGS61 25,750,000 CAD 2.65 12/15/2028 27,259,809 Government Fixed Income
3.23% CANADA HOUSING TRUST NO 1 2.65% 15Mar28 CA13509PGL19 20,800,000 CAD 2.65 03/15/2028 21,846,255 Government Fixed Income
2.88% CANADA HOUSING TRUST NO 1 2.35% 15Mar28 CA13509PGF41 19,014,000 CAD 2.35 03/15/2028 19,503,267 Government Fixed Income
1.04% CANADIAN GOVERNMENT BOND 8% 01Jun27 CA135087VW17 4,661,000 CAD 8.00 06/01/2027 7,065,541 Government Fixed Income
0.38% PSP CAPITAL INC 3.29% 04Apr24 CA69363TAH55 2,420,000 CAD 3.29 04/04/2024 2,605,815 Financial Fixed Income
0.31% CPPIB CAPITAL INC 3% 15Jun28 CA12593CAF82 2,000,000 CAD 3.00 06/15/2028 2,127,663 Financial Fixed Income
-0.03% CASH - 1 CAD - - -170,384 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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