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Overview

Fund Profile

Key Facts

Fund Ticker ZPL
Net Assets (Mn)
(Mar 22, 2019)
$ 587.92
Base Currency CAD
Closing Market Price $ 16.51
12-Month Low/High (Market Price) $ 14.99 / $ 16.51
Closing NAV Price
(Mar 22, 2019)
$ 16.4998
12-Month Low/High (Price (NAV)) $ 14.9686 / $ 16.4998
Weighted Average Term (Years) 23.21
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.

3.34%
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.

2.85%
Weighted Average Duration (Years) 15.58
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 15,488
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 35,632
Index FTSE Canada Long Term Provincial Bond Index
Exchange TSX
CUSIP 05577K107
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Long Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Long Term Provincial 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 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 Long Term Provincial Bond IndexTMĀ consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity greater than 10 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 rebalanced on a daily basis.

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of provincial 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)
$ 587.92
Market Price $ 16.51
12-Month Low/High (Market Price) $ 14.99 / $ 16.51
Price (NAV) $ 16.4998
12-Month Low/High (Price (NAV)) $ 14.9686 / $ 16.4998
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 16.51 $ 0.18 1.10%
Price (NAV) $ 16.4998 $ 0.1652 1.01%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.00% 4.42% 3.61% 5.32% - 4.45%
Index 4.31% 4.70% 3.85% 5.63% - 4.72%
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013
NAV 2.77% -0.95% 7.77% 2.09% 3.80% 17.61% -5.23%
Index 2.79% -0.59% 8.00% 2.28% 4.16% 17.99% -5.13%
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 2.77% 0.39% 4.13% 2.10% 4.00% 9.03% 11.22% 29.58% - 29.56%
Index 2.79% 0.41% 4.21% 2.25% 4.31% 9.61% 12.01% 31.48% - 31.62%

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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

100.01%

Cash and Cash Equivalents

-0.01%

Number of Holdings

73

Total Net Assets

$ 587,924,454.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
7.38% PROVINCE OF ONTARIO CANADA 3.45% 02Jun45 CA68323ACC68 38,060,000 CAD 3.45 06/02/2045 43,373,436 Government Fixed Income
6.30% PROVINCE OF ONTARIO CANADA 2.9% 02Dec46 CA68323ACY88 35,715,000 CAD 2.90 12/02/2046 37,036,710 Government Fixed Income
5.87% PROVINCE OF ONTARIO CANADA 3.5% 02Jun43 CA68323AAY07 30,225,000 CAD 3.50 06/02/2043 34,522,894 Government Fixed Income
5.71% PROVINCE OF ONTARIO CANADA 4.7% 02Jun37 CA683234YD42 25,750,000 CAD 4.70 06/02/2037 33,583,755 Government Fixed Income
5.58% PROVINCE OF QUEBEC CANADA 5% 01Dec41 CA74814ZEF68 23,340,000 CAD 5.00 12/01/2041 32,791,628 Government Fixed Income
5.44% PROVINCE OF ONTARIO CANADA 4.65% 02Jun41 CA683234B984 24,054,000 CAD 4.65 06/02/2041 32,007,841 Government Fixed Income
4.92% PROVINCE OF QUEBEC CANADA 3.5% 01Dec45 CA74814ZER07 24,910,000 CAD 3.50 12/01/2045 28,930,665 Government Fixed Income
4.45% PROVINCE OF QUEBEC CANADA 3.5% 01Dec48 CA74814ZEW91 22,290,000 CAD 3.50 12/01/2048 26,191,842 Government Fixed Income
3.49% PROVINCE OF QUEBEC CANADA 5% 01Dec38 CA74814ZDK62 14,940,000 CAD 5.00 12/01/2038 20,496,430 Government Fixed Income
2.80% PROVINCE OF ONTARIO CANADA 2.8% 02Jun48 CA68323ADZ45 16,145,000 CAD 2.80 06/02/2048 16,465,975 Government Fixed Income
2.69% PROVINCE OF MANITOBA CANADA 4.1% 05Mar41 CA563469TM71 13,195,000 CAD 4.10 03/05/2041 15,832,289 Government Fixed Income
2.27% HYDRO-QUEBEC 5% 15Feb50 CA448814JA24 8,975,000 CAD 5.00 02/15/2050 13,319,607 Utilities Fixed Income
2.20% PROVINCE OF ONTARIO CANADA 5.85% 08Mar33 CA683234SL32 9,325,000 CAD 5.85 03/08/2033 12,908,311 Government Fixed Income
2.10% PROVINCE OF QUEBEC CANADA 6.25% 01Jun32 CA748148QT32 8,578,000 CAD 6.25 06/01/2032 12,359,212 Government Fixed Income
2.09% PROVINCE OF BRITISH COLUMBIA CANADA 3.2% 18Jun44 CA110709GC03 11,080,000 CAD 3.20 06/18/2044 12,279,085 Government Fixed Income
2.08% PROVINCE OF ALBERTA CANADA 3.05% 01Dec48 CA013051DY00 11,523,000 CAD 3.05 12/01/2048 12,232,269 Government Fixed Income
1.87% PROVINCE OF ONTARIO CANADA 6.2% 02Jun31 CA683234NM69 7,815,000 CAD 6.20 06/02/2031 11,014,813 Government Fixed Income
1.85% PROVINCE OF BRITISH COLUMBIA CANADA 2.8% 18Jun48 CA11070TAG37 10,470,000 CAD 2.80 06/18/2048 10,876,414 Government Fixed Income
1.81% PROVINCE OF SASKATCHEWAN CANADA 4.75% 01Jun40 CA803854JL36 7,995,000 CAD 4.75 06/01/2040 10,636,384 Government Fixed Income
1.78% PROVINCE OF ALBERTA CANADA 3.3% 01Dec46 CA013051DS32 9,460,000 CAD 3.30 12/01/2046 10,457,199 Government Fixed Income
1.70% PROVINCE OF NOVA SCOTIA CANADA 4.5% 01Jun37 CA669827FQ59 7,880,000 CAD 4.50 06/01/2037 9,983,424 Government Fixed Income
1.53% PROVINCE OF NEW BRUNSWICK CANADA 3.55% 03Jun43 CA642869AE13 8,095,000 CAD 3.55 06/03/2043 8,999,619 Government Fixed Income
1.22% PROVINCE OF ALBERTA CANADA 3.45% 01Dec43 CA013051DK06 6,395,000 CAD 3.45 12/01/2043 7,200,414 Government Fixed Income
1.07% PROVINCE OF BRITISH COLUMBIA CANADA 5.7% 18Jun29 CA110709EK47 4,780,000 CAD 5.70 06/18/2029 6,307,158 Government Fixed Income
1.04% PROVINCE OF QUEBEC CANADA 6% 01Oct29 CA748148QJ59 4,465,000 CAD 6.00 10/01/2029 6,090,193 Government Fixed Income
0.99% PROVINCE OF BRITISH COLUMBIA CANADA 4.3% 18Jun42 CA1107098Y17 4,475,000 CAD 4.30 06/18/2042 5,803,039 Government Fixed Income
0.99% PROVINCE OF BRITISH COLUMBIA CANADA 6.35% 18Jun31 CA110709EX67 4,070,000 CAD 6.35 06/18/2031 5,831,443 Government Fixed Income
0.95% PROVINCE OF ALBERTA CANADA 4.5% 01Dec40 CA013051DB07 4,330,000 CAD 4.50 12/01/2040 5,597,635 Government Fixed Income
0.83% PROVINCE OF NEW BRUNSWICK CANADA 4.8% 26Sep39 CA642866GA97 3,800,000 CAD 4.80 09/26/2039 4,894,153 Government Fixed Income
0.81% FINANCEMENT-QUEBEC 5.25% 01Jun34 CA31739ZAG06 3,550,000 CAD 5.25 06/01/2034 4,734,391 Government Fixed Income
0.80% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3.3% 17Oct46 CA651333FT85 4,450,000 CAD 3.30 10/17/2046 4,713,388 Government Fixed Income
0.78% PROVINCE OF SASKATCHEWAN CANADA 3.9% 02Jun45 CA803854JU35 3,776,000 CAD 3.90 06/02/2045 4,592,074 Government Fixed Income
0.75% PROVINCE OF SASKATCHEWAN CANADA 2.75% 02Dec46 CA803854KA51 4,400,000 CAD 2.75 12/02/2046 4,396,953 Government Fixed Income
0.74% PROVINCE OF QUEBEC CANADA 5.75% 01Dec36 CA748148RL96 3,000,000 CAD 5.75 12/01/2036 4,374,599 Government Fixed Income
0.73% PROVINCE OF BRITISH COLUMBIA CANADA 4.7% 18Jun37 CA110709FL11 3,235,000 CAD 4.70 06/18/2037 4,264,884 Government Fixed Income
0.73% PROVINCE OF BRITISH COLUMBIA CANADA 4.95% 18Jun40 CA110709FY32 3,105,000 CAD 4.95 06/18/2040 4,313,624 Government Fixed Income
0.71% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 4.65% 17Oct40 CA651333FR20 3,270,000 CAD 4.65 10/17/2040 4,174,763 Government Fixed Income
0.62% PROVINCE OF ONTARIO CANADA 2.9% 02Jun49 CA68333ZAA53 3,500,000 CAD 2.90 06/02/2049 3,652,388 Government Fixed Income
0.57% PROVINCE OF SASKATCHEWAN CANADA 3.3% 02Jun48 CA803854KC18 3,030,000 CAD 3.30 06/02/2048 3,369,474 Government Fixed Income
0.54% PROVINCE OF QUEBEC CANADA 4.25% 01Dec43 CA74814ZEK53 2,450,000 CAD 4.25 12/01/2043 3,161,064 Government Fixed Income
0.53% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 4.5% 17Apr37 CA651333FQ47 2,510,000 CAD 4.50 04/17/2037 3,097,949 Government Fixed Income
0.52% PROVINCE OF MANITOBA CANADA 2.85% 05Sep46 CA563469UF02 3,091,000 CAD 2.85 09/05/2046 3,071,413 Government Fixed Income
0.49% HYDRO-QUEBEC 6% 15Feb40 CA44889ZCN48 1,868,000 CAD 6.00 02/15/2040 2,857,048 Utilities Fixed Income
0.46% HYDRO-QUEBEC 5% 15Feb45 CA448814HZ92 1,880,000 CAD 5.00 02/15/2045 2,682,298 Utilities Fixed Income
0.44% PROVINCE OF ALBERTA CANADA 3.9% 01Dec33 CA01306ZDC29 2,200,000 CAD 3.90 12/01/2033 2,559,147 Government Fixed Income
0.44% PROVINCE OF ONTARIO CANADA 4.6% 02Jun39 CA683234ZP62 2,000,000 CAD 4.60 06/02/2039 2,612,254 Government Fixed Income
0.40% HYDRO-QUEBEC 6.5% 15Feb35 CA44889ZCM64 1,551,000 CAD 6.50 02/15/2035 2,340,546 Utilities Fixed Income
0.40% PROVINCE OF NOVA SCOTIA CANADA 4.4% 01Jun42 CA6698278Z37 1,850,000 CAD 4.40 06/01/2042 2,380,589 Government Fixed Income
0.39% PROVINCE OF MANITOBA CANADA 5.7% 05Mar37 CA563469EZ40 1,610,000 CAD 5.70 03/05/2037 2,265,555 Government Fixed Income
0.37% PROVINCE OF MANITOBA CANADA 4.6% 05Mar38 CA563469FL45 1,710,000 CAD 4.60 03/05/2038 2,158,019 Government Fixed Income
0.37% PROVINCE OF QUEBEC CANADA 3.1% 01Dec51 CA74814ZFE84 2,000,000 CAD 3.10 12/01/2051 2,201,947 Government Fixed Income
0.37% PROVINCE OF ALBERTA CANADA 3.1% 01Jun50 CA013051ED53 2,000,000 CAD 3.10 06/01/2050 2,152,256 Government Fixed Income
0.35% PROVINCE OF MANITOBA CANADA 3.15% 05Sep52 CA56344ZPV53 1,930,000 CAD 3.15 09/05/2052 2,041,215 Government Fixed Income
0.35% TRILLIUM HEALTH PARTNERS VOLUNTEERS 3.702% 20Dec58 CA89620LAA40 1,875,000 CAD 3.70 12/20/2058 2,030,938 Consumer, Non-cyclical Fixed Income
0.33% PROVINCE OF SASKATCHEWAN CANADA 6.4% 05Sep31 CA803854HN10 1,380,000 CAD 6.40 09/05/2031 1,953,355 Government Fixed Income
0.31% PROVINCE OF ALBERTA CANADA 2.9% 20Sep29 CA01306ZCV19 1,780,000 CAD 2.90 09/20/2029 1,850,983 Government Fixed Income
0.31% PROVINCE OF NEW BRUNSWICK CANADA 4.55% 26Mar37 CA642866FZ57 1,495,000 CAD 4.55 03/26/2037 1,841,795 Government Fixed Income
0.30% PROVINCE OF ALBERTA CANADA 3.5% 01Jun31 CA01306ZDF59 1,600,000 CAD 3.50 06/01/2031 1,778,627 Government Fixed Income
0.28% PROVINCE OF PRINCE EDWARD ISLAND CANADA 4.6% 19May41 CA741666CW97 1,315,000 CAD 4.60 05/19/2041 1,668,068 Government Fixed Income
0.27% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 5.7% 17Oct35 CA651333FP63 1,140,000 CAD 5.70 10/17/2035 1,585,307 Government Fixed Income
0.25% PROVINCE OF MANITOBA CANADA 4.05% 05Sep45 CA563469UB97 1,210,000 CAD 4.05 09/05/2045 1,470,012 Government Fixed Income
0.22% PROVINCE OF BRITISH COLUMBIA CANADA 5.4% 18Jun35 CA110709FJ64 940,000 CAD 5.40 06/18/2035 1,309,112 Government Fixed Income
0.19% PROVINCE OF MANITOBA CANADA 3.4% 05Sep48 CA563469UN36 1,000,000 CAD 3.40 09/05/2048 1,104,361 Government Fixed Income
0.19% PROVINCE OF NEW BRUNSWICK CANADA 3.8% 14Aug45 CA642866GG67 950,000 CAD 3.80 08/14/2045 1,098,547 Government Fixed Income
0.15% PROVINCE OF SASKATCHEWAN CANADA 5.8% 05Sep33 CA803854JA70 620,000 CAD 5.80 09/05/2033 856,964 Government Fixed Income
0.12% PROVINCE OF NOVA SCOTIA CANADA 3.5% 02Jun62 CA66989ZEG96 595,000 CAD 3.50 06/02/2062 707,905 Government Fixed Income
0.11% PROVINCE OF NEW BRUNSWICK CANADA 4.8% 03Jun41 CA642869AA90 470,000 CAD 4.80 06/03/2041 617,909 Government Fixed Income
0.11% PROVINCE OF ONTARIO CANADA 5.6% 02Jun35 CA683234VR64 440,000 CAD 5.60 06/02/2035 618,897 Government Fixed Income
0.10% PROVINCE OF NEW BRUNSWICK CANADA 4.65% 26Sep35 CA642866FW27 455,000 CAD 4.65 09/26/2035 562,195 Government Fixed Income
0.09% HAMILTON HEALTH SCIENCES CORP 3.683% 17Jan59 CA40739MAA32 500,000 CAD 3.68 01/17/2059 550,524 Consumer, Non-cyclical Fixed Income
0.03% PROVINCE OF MANITOBA CANADA 6.3% 05Mar31 CA56344ZCG24 120,000 CAD 6.30 03/05/2031 166,019 Government Fixed Income
0.01% PROVINCE OF NOVA SCOTIA CANADA 5.8% 01Jun33 CA669827FL62 25,000 CAD 5.80 06/01/2033 34,799 Government Fixed Income
-0.01% CASH - 1 CAD - - -73,457 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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