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Overview

Fund Profile

Key Facts

Fund Ticker ZPL
Net Assets (Mn)
(Jan 18, 2019)
$ 520.85
Base Currency CAD
Closing Market Price $ 15.38
12-Month Low/High (Market Price) $ 14.99 / $ 15.95
Closing NAV Price
(Jan 18, 2019)
$ 15.3950
12-Month Low/High (Price (NAV)) $ 14.9686 / $ 15.9507
Weighted Average Term (Years) 23.12
Weighted Average Coupon (%) 4.22%
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.

3.94%
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.

3.12%
Weighted Average Duration (Years) 15.37
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 4,999
Distribution Frequency Monthly
Options Available No
Inception Date Mar 19, 2013
Fiscal Year-End December 31
Units Outstanding (000's) 33,832
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)
(Jan 18, 2019)
$ 520.85
Market Price $ 15.38
12-Month Low/High (Market Price) $ 14.99 / $ 15.95
Price (NAV) $ 15.3950
12-Month Low/High (Price (NAV)) $ 14.9686 / $ 15.9507
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.38 $ -0.04 -0.26%
Price (NAV) $ 15.3950 $ -0.0227 -0.15%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -0.95% 3.31% 2.90% 5.87% - 4.08%
Index -0.59% 3.62% 3.17% 6.18% - 4.36%
Calendar Performance

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

YTD 2017 2016 2015 2014 2013
NAV -0.95% 7.77% 2.09% 3.80% 17.61% -5.23%
Index -0.59% 8.00% 2.28% 4.16% 17.99% -5.13%
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 -0.95% 1.32% 1.32% -1.34% -0.95% 6.74% 8.97% 33.02% - 26.06%
Index -0.59% 1.38% 1.44% -1.15% -0.59% 7.37% 9.82% 34.97% - 28.04%

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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

100.17%

Cash and Cash Equivalents

-0.17%

Number of Holdings

72

Total Net Assets

$ 520,848,643.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
7.19% ONTARIO (PROVINCE OF) UNSECURED 06/45 3.45 CA68323ACC68 35,720,000 CAD 3.45 06/02/2045 37,454,340 Government Fixed Income
6.09% ONTARIO (PROVINCE OF) UNSECURED 12/46 2.9 CA68323ACY88 33,420,000 CAD 2.90 12/02/2046 31,696,652 Government Fixed Income
6.03% ONTARIO (PROVINCE OF) BONDS 06/37 4.7 CA683234YD42 25,750,000 CAD 4.70 06/02/2037 31,426,265 Government Fixed Income
5.76% ONTARIO (PROVINCE OF) UNSECURED 06/43 3.5 CA68323AAY07 28,425,000 CAD 3.50 06/02/2043 29,979,632 Government Fixed Income
5.72% ONTARIO (PROVINCE OF) NOTES 06/41 4.65 CA683234B984 24,054,000 CAD 4.65 06/02/2041 29,770,620 Government Fixed Income
5.52% PROVINCE OF QUEBEC BONDS 12/41 5 CA74814ZEF68 21,990,000 CAD 5.00 12/01/2041 28,764,384 Government Fixed Income
4.90% PROVINCE OF QUEBEC UNSECURED 12/45 3.5 CA74814ZER07 23,920,000 CAD 3.50 12/01/2045 25,535,209 Government Fixed Income
4.31% PROVINCE OF QUEBEC UNSECURED 12/48 3.5 CA74814ZEW91 20,860,000 CAD 3.50 12/01/2048 22,441,796 Government Fixed Income
3.46% PROVINCE OF QUEBEC UNSECURED 12/38 5 CA74814ZDK62 14,040,000 CAD 5.00 12/01/2038 18,017,993 Government Fixed Income
2.64% ONTARIO (PROVINCE OF) UNSECURED 06/48 2.8 CA68323ADZ45 14,795,000 CAD 2.80 06/02/2048 13,769,068 Government Fixed Income
2.63% MANITOBA (PROVINCE OF) UNSECURED 03/41 4.1 CA563469TM71 12,115,000 CAD 4.10 03/05/2041 13,705,252 Government Fixed Income
2.29% PROVINCE OF QUEBEC DEBENTURES 06/32 6.25 CA748148QT32 8,718,000 CAD 6.25 06/01/2032 11,939,025 Government Fixed Income
2.20% HYDRO QUEBEC LOCAL GOVT G 02/50 5 CA448814JA24 8,255,000 CAD 5.00 02/15/2050 11,465,908 Utilities Fixed Income
2.07% ONTARIO (PROVINCE OF) BONDS 03/33 5.85 CA683234SL32 8,065,000 CAD 5.85 03/08/2033 10,800,570 Government Fixed Income
1.97% BRITISH COLUMBIA PROV OF UNSECURED 06/44 3.2 CA110709GC03 10,050,000 CAD 3.20 06/18/2044 10,255,104 Government Fixed Income
1.91% BRITISH COLUMBIA PROV OF UNSECURED 06/48 2.8 CA11070TAG37 10,470,000 CAD 2.80 06/18/2048 9,931,603 Government Fixed Income
1.87% PROVINCE OF ALBERTA UNSECURED 12/48 3.05 CA013051DY00 10,073,000 CAD 3.05 12/01/2048 9,743,146 Government Fixed Income
1.81% PROVINCE OF SASKATCHEWAN UNSECURED 06/40 4.75 CA803854JL36 7,600,000 CAD 4.75 06/01/2040 9,424,737 Government Fixed Income
1.77% PROVINCE OF ALBERTA UNSECURED 12/46 3.3 CA013051DS32 9,100,000 CAD 3.30 12/01/2046 9,201,514 Government Fixed Income
1.76% ONTARIO (PROVINCE OF) DEBENTURES 06/31 6.2 CA683234NM69 6,815,000 CAD 6.20 06/02/2031 9,145,840 Government Fixed Income
1.57% NOVA SCOTIA PROVINCE DEBENTURES 06/37 4.5 CA669827FQ59 6,890,000 CAD 4.50 06/01/2037 8,179,072 Government Fixed Income
1.47% PROV OF NEW BRUNSWICK UNSECURED 06/43 3.55 CA642869AE13 7,445,000 CAD 3.55 06/03/2043 7,639,541 Government Fixed Income
1.29% PROVINCE OF QUEBEC DEBENTURES 10/29 6 CA748148QJ59 5,165,000 CAD 6.00 10/01/2029 6,741,098 Government Fixed Income
1.22% PROVINCE OF ALBERTA UNSECURED 12/43 3.45 CA013051DK06 6,125,000 CAD 3.45 12/01/2043 6,347,267 Government Fixed Income
1.16% BRITISH COLUMBIA PROV OF DEBENTURES 06/29 5.7 CA110709EK47 4,780,000 CAD 5.70 06/18/2029 6,034,253 Government Fixed Income
1.03% BRITISH COLUMBIA PROV OF UNSECURED 06/42 4.3 CA1107098Y17 4,475,000 CAD 4.30 06/18/2042 5,388,525 Government Fixed Income
1.03% PROVINCE OF ALBERTA SR UNSECURED 12/40 4.5 CA013051DB07 4,450,000 CAD 4.50 12/01/2040 5,342,736 Government Fixed Income
0.93% ONTARIO (PROVINCE OF) DEBENTURES 03/29 6.5 CA683234LJ58 3,626,000 CAD 6.50 03/08/2029 4,847,698 Government Fixed Income
0.89% PROV OF NEW BRUNSWICK BONDS 09/39 4.8 CA642866GA97 3,800,000 CAD 4.80 09/26/2039 4,650,505 Government Fixed Income
0.88% BRITISH COLUMBIA PROV OF BONDS 06/31 6.35 CA110709EX67 3,350,000 CAD 6.35 06/18/2031 4,575,748 Government Fixed Income
0.86% FINANCEMENT QUEBEC LOCAL GOVT G 06/34 5.25 CA31739ZAG06 3,550,000 CAD 5.25 06/01/2034 4,459,725 Government Fixed Income
0.84% PROVINCE OF NEWFOUNDLAND UNSECURED 10/46 3.3 CA651333FT85 4,450,000 CAD 3.30 10/17/2046 4,351,208 Government Fixed Income
0.79% PROVINCE OF QUEBEC DEBENTURES 12/36 5.75 CA748148RL96 3,000,000 CAD 5.75 12/01/2036 4,111,718 Government Fixed Income
0.77% BRITISH COLUMBIA PROV OF DEBENTURES 06/37 4.7 CA110709FL11 3,235,000 CAD 4.70 06/18/2037 3,995,937 Government Fixed Income
0.77% BRITISH COLUMBIA PROV OF SR UNSECURED 06/40 4.95 CA110709FY32 3,105,000 CAD 4.95 06/18/2040 4,025,570 Government Fixed Income
0.77% PROVINCE OF SASKATCHEWAN UNSECURED 12/46 2.75 CA803854KA51 4,400,000 CAD 2.75 12/02/2046 4,018,850 Government Fixed Income
0.75% PROVINCE OF NEWFOUNDLAND UNSECURED 10/40 4.65 CA651333FR20 3,270,000 CAD 4.65 10/17/2040 3,906,767 Government Fixed Income
0.75% PROVINCE OF SASKATCHEWAN UNSECURED 06/45 3.9 CA803854JU35 3,506,000 CAD 3.90 06/02/2045 3,929,586 Government Fixed Income
0.64% ONTARIO (PROVINCE OF) UNSECURED 06/49 2.9 CA68333ZAA53 3,500,000 CAD 2.90 06/02/2049 3,327,273 Government Fixed Income
0.57% PROVINCE OF SASKATCHEWAN UNSECURED 06/48 3.3 CA803854KC18 2,920,000 CAD 3.30 06/02/2048 2,973,386 Government Fixed Income
0.56% PROVINCE OF NEWFOUNDLAND BONDS 04/37 4.5 CA651333FQ47 2,510,000 CAD 4.50 04/17/2037 2,905,233 Government Fixed Income
0.55% MANITOBA (PROVINCE OF) UNSECURED 09/46 2.85 CA563469UF02 3,091,000 CAD 2.85 09/05/2046 2,841,276 Government Fixed Income
0.52% HYDRO QUEBEC LOCAL GOVT G 02/40 6 CA44889ZCN48 1,868,000 CAD 6.00 02/15/2040 2,728,945 Utilities Fixed Income
0.49% HYDRO QUEBEC LOCAL GOVT G 02/45 5 CA448814HZ92 1,880,000 CAD 5.00 02/15/2045 2,530,144 Utilities Fixed Income
0.47% ONTARIO (PROVINCE OF) BONDS 06/39 4.6 CA683234ZP62 2,000,000 CAD 4.60 06/02/2039 2,437,158 Government Fixed Income
0.46% PROVINCE OF ALBERTA UNSECURED 12/33 3.9 CA01306ZDC29 2,200,000 CAD 3.90 12/01/2033 2,407,995 Government Fixed Income
0.43% HYDRO QUEBEC LOCAL GOVT G 02/35 6.5 CA44889ZCM64 1,551,000 CAD 6.50 02/15/2035 2,258,564 Utilities Fixed Income
0.42% MANITOBA (PROVINCE OF) UNSECURED 03/37 5.7 CA563469EZ40 1,610,000 CAD 5.70 03/05/2037 2,168,945 Government Fixed Income
0.42% NOVA SCOTIA PROVINCE DEBENTURES 06/42 4.4 CA6698278Z37 1,850,000 CAD 4.40 06/01/2042 2,212,829 Government Fixed Income
0.39% MANITOBA (PROVINCE OF) UNSECURED 03/38 4.6 CA563469FL45 1,710,000 CAD 4.60 03/05/2038 2,050,612 Government Fixed Income
0.37% PROVINCE OF SASKATCHEWAN UNSECURED 09/31 6.4 CA803854HN10 1,380,000 CAD 6.40 09/05/2031 1,902,287 Government Fixed Income
0.36% MANITOBA (PROVINCE OF) UNSECURED 09/52 3.15 CA56344ZPV53 1,930,000 CAD 3.15 09/05/2052 1,871,956 Government Fixed Income
0.36% TRILLIUM HEALTH PARTNERS SR UNSECURED 12/58 3.702 CA89620LAA40 1,875,000 CAD 3.70 12/20/2058 1,874,408 - Fixed Income
0.34% PROV OF NEW BRUNSWICK BONDS 03/37 4.55 CA642866FZ57 1,495,000 CAD 4.55 03/26/2037 1,756,215 Government Fixed Income
0.32% PROVINCE OF ALBERTA SR UNSECURED 06/31 3.5 CA01306ZDF59 1,600,000 CAD 3.50 06/01/2031 1,685,060 Government Fixed Income
0.32% PROVINCE OF ALBERTA SR UNSECURED 09/29 2.9 CA01306ZCV19 1,680,000 CAD 2.90 09/20/2029 1,684,463 Government Fixed Income
0.30% PRINCE EDWARD ISLAND UNSECURED 05/41 4.6 CA741666CW97 1,315,000 CAD 4.60 05/19/2041 1,554,301 Government Fixed Income
0.29% PROVINCE OF NEWFOUNDLAND DEBENTURES 10/35 5.7 CA651333FP63 1,140,000 CAD 5.70 10/17/2035 1,494,277 Government Fixed Income
0.26% MANITOBA (PROVINCE OF) UNSECURED 09/45 4.05 CA563469UB97 1,210,000 CAD 4.05 09/05/2045 1,373,217 Government Fixed Income
0.24% BRITISH COLUMBIA PROV OF DEBENTURES 06/35 5.4 CA110709FJ64 940,000 CAD 5.40 06/18/2035 1,233,613 Government Fixed Income
0.22% PROVINCE OF QUEBEC BONDS 12/43 4.25 CA74814ZEK53 950,000 CAD 4.25 12/01/2043 1,134,612 Government Fixed Income
0.20% PROV OF NEW BRUNSWICK UNSECURED 08/45 3.8 CA642866GG67 950,000 CAD 3.80 08/14/2045 1,028,762 Government Fixed Income
0.20% MANITOBA (PROVINCE OF) UNSECURED 09/48 3.4 CA563469UN36 1,000,000 CAD 3.40 09/05/2048 1,023,412 Government Fixed Income
0.19% PROVINCE OF ALBERTA UNSECURED 06/50 3.1 CA013051ED53 1,000,000 CAD 3.10 06/01/2050 977,822 - Fixed Income
0.16% PROVINCE OF SASKATCHEWAN SR UNSECURED 09/33 5.8 CA803854JA70 620,000 CAD 5.80 09/05/2033 827,308 Government Fixed Income
0.12% NOVA SCOTIA PROVINCE UNSECURED 06/62 3.5 CA66989ZEG96 595,000 CAD 3.50 06/02/2062 635,635 Government Fixed Income
0.11% PROV OF NEW BRUNSWICK UNSECURED 06/41 4.8 CA642869AA90 470,000 CAD 4.80 06/03/2041 574,807 Government Fixed Income
0.10% PROV OF NEW BRUNSWICK DEBENTURES 09/35 4.65 CA642866FW27 455,000 CAD 4.65 09/26/2035 538,391 Government Fixed Income
0.10% HAMILTON HEALTH SCIENCES 01/59 3.683 CA40739MAA32 500,000 CAD 3.68 01/17/2059 497,172 - Fixed Income
0.03% MANITOBA (PROVINCE OF) UNSECURED 03/31 6.3 CA56344ZCG24 120,000 CAD 6.30 03/05/2031 161,959 Government Fixed Income
0.01% NOVA SCOTIA PROVINCE NOTES 06/33 5.8 CA669827FL62 25,000 CAD 5.80 06/01/2033 32,963 Government Fixed Income
-0.17% CASH - 1 CAD - - -870,677 - Cash and Cash Equivalents

Holdings Breakdown

Geographic Allocation

Maturity

Credit Allocation

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