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Overview

Fund Profile

Key Facts

Fund Ticker ZMP
Net Assets (Mn)
(Jan 18, 2019)
$ 517.12
Base Currency CAD
Closing Market Price $ 14.74
12-Month Low/High (Market Price) $ 14.35 / $ 14.81
Closing NAV Price
(Jan 18, 2019)
$ 14.7281
12-Month Low/High (Price (NAV)) $ 14.3451 / $ 14.8192
Weighted Average Term (Years) 7.24
Weighted Average Coupon (%) 2.88%
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.

2.68%
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.

2.65%
Weighted Average Duration (Years) 6.47
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 55,438
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 35,111
Index FTSE Canada Mid Term Provincial Bond Index
Exchange TSX
CUSIP 05576Q105
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Mid Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Mid Term Provincial 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 Provincial Governments in Canada, by various agencies of the Provincial Governments, and by various instrumentalities that have been established or sponsored by Provincial Governments.

Benchmark Info

The FTSE Canada Mid Term Provincial Bond IndexTM consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity of five years to ten years, a credit rating of BBB or higher and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. The provincial sector consists of bonds issued by Canadian provinces and provincial or territorial corporations, incorporated under their respective jurisdiction. 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 provincial 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)
(Jan 18, 2019)
$ 517.12
Market Price $ 14.74
12-Month Low/High (Market Price) $ 14.35 / $ 14.81
Price (NAV) $ 14.7281
12-Month Low/High (Price (NAV)) $ 14.3451 / $ 14.8192
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 14.74 $ -0.01 -0.07%
Price (NAV) $ 14.7281 $ -0.0210 -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 1.59% 1.27% 1.27% 3.52% - 2.78%
Index 1.88% 1.59% 1.57% 3.82% - 3.06%
Calendar Performance

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

YTD 2017 2016 2015 2014 2013
NAV 1.59% 0.95% 1.28% 4.87% 9.14% -1.41%
Index 1.88% 1.31% 1.53% 5.13% 9.47% -1.28%
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 1.59% 1.40% 2.37% 1.54% 1.59% 2.56% 3.87% 18.88% - 17.21%
Index 1.88% 1.43% 2.44% 1.67% 1.88% 3.21% 4.79% 20.60% - 19.05%

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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 - - -
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

100.07%

Cash and Cash Equivalents

-0.07%

Number of Holdings

42

Total Net Assets

$ 517,116,780.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
11.48% ONTARIO (PROVINCE OF) UNSECURED 06/25 2.6 CA68323ACX06 59,260,000 CAD 2.60 06/02/2025 59,361,759 Government Fixed Income
8.94% ONTARIO (PROVINCE OF) UNSECURED 06/24 3.5 CA68323ACG72 43,949,000 CAD 3.50 06/02/2024 46,233,801 Government Fixed Income
7.50% ONTARIO (PROVINCE OF) SR UNSECURED 06/26 2.4 CA68323ADM32 39,490,000 CAD 2.40 06/02/2026 38,807,849 Government Fixed Income
7.11% ONTARIO (PROVINCE OF) UNSECURED 06/27 2.6 CA68323AEE07 37,158,000 CAD 2.60 06/02/2027 36,784,100 Government Fixed Income
6.54% PROVINCE OF QUEBEC UNSECURED 09/27 2.75 CA74814ZFB46 33,413,000 CAD 2.75 09/01/2027 33,811,508 Government Fixed Income
5.96% ONTARIO (PROVINCE OF) UNSECURED 06/28 2.9 CA68333ZAC10 30,500,000 CAD 2.90 06/02/2028 30,801,911 Government Fixed Income
4.99% PROVINCE OF QUEBEC BONDS 09/26 2.5 CA74814ZEX74 25,836,000 CAD 2.50 09/01/2026 25,779,381 Government Fixed Income
4.92% PROVINCE OF QUEBEC UNSECURED 09/25 2.75 CA74814ZEV19 24,990,000 CAD 2.75 09/01/2025 25,467,596 Government Fixed Income
4.68% PROVINCE OF QUEBEC UNSECURED 09/24 3.75 CA74814ZES89 22,465,000 CAD 3.75 09/01/2024 24,219,852 Government Fixed Income
3.71% ONTARIO (PROVINCE OF) SR UNSECURED 02/25 2.65 CA68323AER10 18,865,000 CAD 2.65 02/05/2025 19,181,477 Government Fixed Income
2.77% PROVINCE OF ALBERTA UNSECURED 06/26 2.2 CA013051DT15 14,805,000 CAD 2.20 06/01/2026 14,315,407 Government Fixed Income
2.60% PROVINCE OF ALBERTA UNSECURED 06/27 2.55 CA013051DW44 13,655,000 CAD 2.55 06/01/2027 13,428,570 Government Fixed Income
2.56% PROVINCE OF ALBERTA UNSECURED 06/25 2.35 CA013051DQ75 13,414,000 CAD 2.35 06/01/2025 13,212,523 Government Fixed Income
2.38% PROVINCE OF QUEBEC UNSECURED 09/28 2.75 CA74814ZFD02 12,200,000 CAD 2.75 09/01/2028 12,304,967 Government Fixed Income
1.80% BRITISH COLUMBIA PROV OF UNSECURED 06/25 2.85 CA11070TAF53 9,135,000 CAD 2.85 06/18/2025 9,320,712 Government Fixed Income
1.47% PROVINCE OF QUEBEC DEBENTURES 06/25 5.35 CA74814ZDE03 6,526,000 CAD 5.35 06/01/2025 7,591,830 Government Fixed Income
1.39% PROVINCE OF NEWFOUNDLAND UNSECURED 06/26 3 CA651333FV32 7,090,000 CAD 3.00 06/02/2026 7,187,305 Government Fixed Income
1.38% BRITISH COLUMBIA PROV OF UNSECURED 06/26 2.3 CA11070TAJ75 7,260,000 CAD 2.30 06/18/2026 7,116,416 Government Fixed Income
1.34% PROVINCE OF NEWFOUNDLAND UNSECURED 06/25 2.3 CA651333FS03 7,094,000 CAD 2.30 06/02/2025 6,929,376 Government Fixed Income
1.25% MANITOBA (PROVINCE OF) UNSECURED 06/26 2.55 CA563469UJ24 6,525,000 CAD 2.55 06/02/2026 6,452,738 Government Fixed Income
1.24% MANITOBA (PROVINCE OF) UNSECURED 06/25 2.45 CA563469UE37 6,455,000 CAD 2.45 06/02/2025 6,394,233 Government Fixed Income
1.19% PROVINCE OF SASKATCHEWAN UNSECURED 06/26 2.55 CA803854KB35 6,185,000 CAD 2.55 06/02/2026 6,132,600 Government Fixed Income
1.11% BRITISH COLUMBIA PROV OF UNSECURED 06/27 2.55 CA11070TAL22 5,775,000 CAD 2.55 06/18/2027 5,725,309 Government Fixed Income
1.11% MANITOBA (PROVINCE OF) UNSECURED 06/27 2.6 CA563469UP83 5,850,000 CAD 2.60 06/02/2027 5,761,137 Government Fixed Income
1.09% PROV OF NEW BRUNSWICK UNSECURED 08/26 2.6 CA642866GK79 5,663,000 CAD 2.60 08/14/2026 5,646,211 Government Fixed Income
1.05% MANITOBA (PROVINCE OF) UNSECURED 06/24 3.3 CA563469UC70 5,195,000 CAD 3.30 06/02/2024 5,404,856 Government Fixed Income
0.85% ONTARIO (PROVINCE OF) DEBENTURES 06/27 7.6 CA683234KG29 3,206,000 CAD 7.60 06/02/2027 4,387,653 Government Fixed Income
0.83% MANITOBA (PROVINCE OF) UNSECURED 09/25 4.4 CA56344ZPH69 3,820,000 CAD 4.40 09/05/2025 4,270,276 Government Fixed Income
0.78% MANITOBA (PROVINCE OF) UNSECURED 06/28 3 CA563469UR40 4,000,000 CAD 3.00 06/02/2028 4,043,787 Government Fixed Income
0.78% PROV OF NEW BRUNSWICK SR UNSECURED 06/24 3.65 CA642869AJ00 3,840,000 CAD 3.65 06/03/2024 4,056,639 Government Fixed Income
0.75% PROVINCE OF ALBERTA UNSECURED 06/24 3.1 CA013051DM61 3,765,000 CAD 3.10 06/01/2024 3,878,327 Government Fixed Income
0.73% PROVINCE OF SASKATCHEWAN UNSECURED 06/24 3.2 CA803854JW90 3,640,000 CAD 3.20 06/03/2024 3,771,525 Government Fixed Income
0.69% BRITISH COLUMBIA PROV OF UNSECURED 12/28 2.95 CA110709GH99 3,500,000 CAD 2.95 12/18/2028 3,570,053 Government Fixed Income
0.60% NOVA SCOTIA PROVINCE UNSECURED 06/27 2.1 CA669827GA98 3,242,000 CAD 2.10 06/01/2027 3,084,736 Government Fixed Income
0.58% PROVINCE OF ALBERTA UNSECURED 12/28 2.9 CA013051EB97 3,000,000 CAD 2.90 12/01/2028 3,013,526 Government Fixed Income
0.49% PROVINCE OF SASKATCHEWAN UNSECURED 12/28 3.05 CA803854KF49 2,500,000 CAD 3.05 12/02/2028 2,548,386 - Fixed Income
0.44% PROV OF NEW BRUNSWICK UNSECURED 08/27 2.35 CA642866GM36 2,345,000 CAD 2.35 08/14/2027 2,271,654 Government Fixed Income
0.39% NOVA SCOTIA PROVINCE UNSECURED 06/25 2.15 CA669827BG14 2,060,000 CAD 2.15 06/01/2025 2,006,743 Government Fixed Income
0.38% PROVINCE OF NEWFOUNDLAND DEBENTURES 04/28 6.15 CA651333EE26 1,560,000 CAD 6.15 04/17/2028 1,975,138 Government Fixed Income
0.16% PROVINCE OF SASKATCHEWAN UNSECURED 06/27 2.65 CA803854KE73 840,000 CAD 2.65 06/02/2027 833,326 Government Fixed Income
0.07% ONTARIO ELECTRICITY FIN LOCAL GOVT G 06/26 8.25 CA683078GG81 270,000 CAD 8.25 06/22/2026 369,011 Utilities Fixed Income
-0.07% CASH - 1 CAD - - -337,315 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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