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Overview

Fund Profile

Key Facts

Fund Ticker ZMP
Net Assets (Mn)
(Mar 22, 2019)
$ 566.01
Base Currency CAD
Closing Market Price $ 15.20
12-Month Low/High (Market Price) $ 14.35 / $ 15.20
Closing NAV Price
(Mar 22, 2019)
$ 15.2109
12-Month Low/High (Price (NAV)) $ 14.3451 / $ 15.2109
Weighted Average Term (Years) 7.27
Weighted Average Coupon (%) 2.88%
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.

2.70%
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.

2.30%
Weighted Average Duration (Years) 6.50
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 36,834
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 37,211
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)
(Mar 22, 2019)
$ 566.01
Market Price $ 15.20
12-Month Low/High (Market Price) $ 14.35 / $ 15.20
Price (NAV) $ 15.2109
12-Month Low/High (Price (NAV)) $ 14.3451 / $ 15.2109
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.20 $ 0.06 0.40%
Price (NAV) $ 15.2109 $ 0.0592 0.39%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.07% 1.51% 1.63% 3.17% - 2.98%
Index 4.34% 1.83% 1.92% 3.46% - 3.25%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013
NAV 1.59% 1.59% 0.95% 1.28% 4.87% 9.14% -1.41%
Index 1.63% 1.88% 1.31% 1.53% 5.13% 9.47% -1.28%
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 1.59% 0.19% 3.01% 3.06% 4.07% 3.04% 4.98% 16.89% - 19.07%
Index 1.63% 0.21% 3.08% 3.19% 4.34% 3.69% 5.87% 18.56% - 20.99%

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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 0.034000 0.000000 0.034000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.034000 0.000000 0.034000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.034000 0.000000 0.034000
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

99.91%

Cash and Cash Equivalents

0.09%

Number of Holdings

45

Total Net Assets

$ 566,010,437.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
11.36% PROVINCE OF ONTARIO CANADA 2.6% 02Jun25 CA68323ACX06 62,050,000 CAD 2.60 06/02/2025 64,309,099 Government Fixed Income
8.83% PROVINCE OF ONTARIO CANADA 2.6% 02Jun27 CA68323AEE07 48,458,000 CAD 2.60 06/02/2027 50,003,253 Government Fixed Income
7.80% PROVINCE OF ONTARIO CANADA 2.9% 02Jun28 CA68333ZAC10 41,800,000 CAD 2.90 06/02/2028 44,124,276 Government Fixed Income
7.70% PROVINCE OF ONTARIO CANADA 3.5% 02Jun24 CA68323ACG72 40,209,000 CAD 3.50 06/02/2024 43,591,288 Government Fixed Income
7.50% PROVINCE OF ONTARIO CANADA 2.4% 02Jun26 CA68323ADM32 41,590,000 CAD 2.40 06/02/2026 42,442,169 Government Fixed Income
6.31% PROVINCE OF QUEBEC CANADA 2.75% 01Sep27 CA74814ZFB46 34,313,000 CAD 2.75 09/01/2027 35,722,099 Government Fixed Income
4.92% PROVINCE OF QUEBEC CANADA 2.5% 01Sep26 CA74814ZEX74 27,186,000 CAD 2.50 09/01/2026 27,840,301 Government Fixed Income
4.42% PROVINCE OF QUEBEC CANADA 2.75% 01Sep25 CA74814ZEV19 24,040,000 CAD 2.75 09/01/2025 25,031,752 Government Fixed Income
4.03% PROVINCE OF QUEBEC CANADA 3.75% 01Sep24 CA74814ZES89 20,855,000 CAD 3.75 09/01/2024 22,787,857 Government Fixed Income
2.71% PROVINCE OF ALBERTA CANADA 2.2% 01Jun26 CA013051DT15 15,255,000 CAD 2.20 06/01/2026 15,331,889 Government Fixed Income
2.54% PROVINCE OF ONTARIO CANADA 2.65% 05Feb25 CA68323AER10 13,865,000 CAD 2.65 02/05/2025 14,367,568 Government Fixed Income
2.42% PROVINCE OF ALBERTA CANADA 2.55% 01Jun27 CA013051DW44 13,375,000 CAD 2.55 06/01/2027 13,720,865 Government Fixed Income
2.41% PROVINCE OF QUEBEC CANADA 2.75% 01Sep28 CA74814ZFD02 13,100,000 CAD 2.75 09/01/2028 13,636,966 Government Fixed Income
2.22% PROVINCE OF ALBERTA CANADA 2.35% 01Jun25 CA013051DQ75 12,314,000 CAD 2.35 06/01/2025 12,561,640 Government Fixed Income
1.70% PROVINCE OF ALBERTA CANADA 2.9% 01Dec28 CA013051EB97 9,154,000 CAD 2.90 12/01/2028 9,641,489 Government Fixed Income
1.51% PROVINCE OF BRITISH COLUMBIA CANADA 2.85% 18Jun25 CA11070TAF53 8,085,000 CAD 2.85 06/18/2025 8,531,773 Government Fixed Income
1.37% PROVINCE OF BRITISH COLUMBIA CANADA 2.3% 18Jun26 CA11070TAJ75 7,620,000 CAD 2.30 06/18/2026 7,754,447 Government Fixed Income
1.32% PROVINCE OF MANITOBA CANADA 2.45% 02Jun25 CA563469UE37 7,265,000 CAD 2.45 06/02/2025 7,450,215 Government Fixed Income
1.32% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3% 02Jun26 CA651333FV32 7,090,000 CAD 3.00 06/02/2026 7,451,721 Government Fixed Income
1.27% PROVINCE OF MANITOBA CANADA 2.55% 02Jun26 CA563469UJ24 6,975,000 CAD 2.55 06/02/2026 7,163,743 Government Fixed Income
1.19% PROVINCE OF SASKATCHEWAN CANADA 2.55% 02Jun26 CA803854KB35 6,545,000 CAD 2.55 06/02/2026 6,734,827 Government Fixed Income
1.17% PROVINCE OF BRITISH COLUMBIA CANADA 2.55% 18Jun27 CA11070TAL22 6,405,000 CAD 2.55 06/18/2027 6,615,879 Government Fixed Income
1.13% PROVINCE OF QUEBEC CANADA 5.35% 01Jun25 CA74814ZDE03 5,326,000 CAD 5.35 06/01/2025 6,399,894 Government Fixed Income
1.06% PROVINCE OF MANITOBA CANADA 2.6% 02Jun27 CA563469UP83 5,850,000 CAD 2.60 06/02/2027 6,005,618 Government Fixed Income
1.02% PROVINCE OF NEW BRUNSWICK CANADA 2.6% 14Aug26 CA642866GK79 5,663,000 CAD 2.60 08/14/2026 5,791,691 Government Fixed Income
0.93% PROVINCE OF ONTARIO CANADA 6.5% 08Mar29 CA683234LJ58 3,856,000 CAD 6.50 03/08/2029 5,255,067 Government Fixed Income
0.87% PROVINCE OF SASKATCHEWAN UNSECURED 12/28 3.05 CA803854KF49 4,600,000 CAD 3.05 12/02/2028 4,909,344 - Fixed Income
0.82% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.3% 02Jun25 CA651333FS03 4,594,000 CAD 2.30 06/02/2025 4,645,908 Government Fixed Income
0.80% PROVINCE OF ONTARIO CANADA 7.6% 02Jun27 CA683234KG29 3,206,000 CAD 7.60 06/02/2027 4,552,395 Government Fixed Income
0.75% PROVINCE OF MANITOBA CANADA 3% 02Jun28 CA563469UR40 4,000,000 CAD 3.00 06/02/2028 4,230,426 Government Fixed Income
0.74% PROVINCE OF NEW BRUNSWICK CANADA 3.65% 03Jun24 CA642869AJ00 3,840,000 CAD 3.65 06/03/2024 4,181,510 Government Fixed Income
0.72% PROVINCE OF SASKATCHEWAN CANADA 3.2% 03Jun24 CA803854JW90 3,820,000 CAD 3.20 06/03/2024 4,078,996 Government Fixed Income
0.68% PROVINCE OF NEW BRUNSWICK CANADA 2.35% 14Aug27 CA642866GM36 3,875,000 CAD 2.35 08/14/2027 3,872,977 Government Fixed Income
0.67% PROVINCE OF MANITOBA CANADA 3.3% 02Jun24 CA563469UC70 3,555,000 CAD 3.30 06/02/2024 3,813,913 Government Fixed Income
0.66% PROVINCE OF BRITISH COLUMBIA CANADA 2.95% 18Dec28 CA110709GH99 3,500,000 CAD 2.95 12/18/2028 3,734,153 Government Fixed Income
0.57% PROVINCE OF ALBERTA CANADA 3.1% 01Jun24 CA013051DM61 3,035,000 CAD 3.10 06/01/2024 3,224,403 Government Fixed Income
0.57% PROVINCE OF MANITOBA CANADA 4.4% 05Sep25 CA56344ZPH69 2,820,000 CAD 4.40 09/05/2025 3,200,773 Government Fixed Income
0.57% PROVINCE OF NOVA SCOTIA CANADA 2.1% 01Jun27 CA669827GA98 3,242,000 CAD 2.10 06/01/2027 3,216,507 Government Fixed Income
0.43% PROVINCE OF SASKATCHEWAN CANADA 2.65% 02Jun27 CA803854KE73 2,340,000 CAD 2.65 06/02/2027 2,418,950 Government Fixed Income
0.37% PROVINCE OF NOVA SCOTIA CANADA 2.15% 01Jun25 CA669827BG14 2,060,000 CAD 2.15 06/01/2025 2,077,020 Government Fixed Income
0.36% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 6.15% 17Apr28 CA651333EE26 1,560,000 CAD 6.15 04/17/2028 2,056,501 Government Fixed Income
0.11% PROVINCE OF NEW BRUNSWICK CANADA 3.1% 14Aug28 CA642866GN19 580,000 CAD 3.10 08/14/2028 612,900 Government Fixed Income
0.07% ONTARIO ELECTRICITY FINANCIAL CORP 8.25% 22Jun26 CA683078GG81 270,000 CAD 8.25 06/22/2026 381,750 Utilities Fixed Income
0.00% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.85% 02Jun28 CA651333FZ46 10,000 CAD 2.85 06/02/2028 10,358 Government Fixed Income
0.09% CASH - 1 CAD - - 524,426 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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