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Overview

Fund Profile

Key Facts

Fund Ticker ZPS
Net Assets (Mn)
(Jan 18, 2019)
$ 467.75
Base Currency CAD
Closing Market Price $ 13.27
12-Month Low/High (Market Price) $ 13.12 / $ 13.41
Closing NAV Price
(Jan 18, 2019)
$ 13.2740
12-Month Low/High (Price (NAV)) $ 13.1290 / $ 13.4091
Weighted Average Term (Years) 3.12
Weighted Average Coupon (%) 3.43%
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.

3.07%
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.

2.26%
Weighted Average Duration (Years) 2.93
Maximum Annual Management Fee 0.25%
Management Expense Ratio 0.28%
Market Volume 35,974
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 35,238
Index FTSE Canada Short Term Provincial Bond Index
Exchange TSX
CUSIP 055975106
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Short Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Provincial Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between one and five 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 Short Term Provincial Bond IndexTM consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity less than five years but greater than one year, 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 defensive income
  • Invested in a diversified portfolio of provincial bonds
  • Includes bonds with one to five 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)
$ 467.75
Market Price $ 13.27
12-Month Low/High (Market Price) $ 13.12 / $ 13.41
Price (NAV) $ 13.2740
12-Month Low/High (Price (NAV)) $ 13.1290 / $ 13.4091
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 13.27 $ -0.01 -0.08%
Price (NAV) $ 13.2740 $ -0.0099 -0.07%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.72% 0.78% 0.73% 1.57% - 2.13%
Index 2.01% 1.08% 1.01% 1.87% - 2.39%
Calendar Performance

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

YTD 2017 2016 2015 2014 2013 2012 2011 2010 2009
NAV 1.72% -0.16% 0.62% 2.59% 3.12% 1.57% 1.34% 4.98% 3.49% 0.41%
Index 2.01% 0.15% 0.87% 2.88% 3.50% 1.81% 1.63% 5.08% 3.75% 0.45%
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 1.72% 0.90% 1.42% 1.33% 1.72% 1.56% 2.19% 8.10% - 21.38%
Index 2.01% 0.92% 1.49% 1.48% 2.01% 2.17% 3.05% 9.72% - 24.33%

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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

100.03%

Cash and Cash Equivalents

-0.03%

Number of Holdings

43

Total Net Assets

$ 467,754,268.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
10.75% ONTARIO (PROVINCE OF) UNSECURED 06/22 3.15 CA68323AAW41 49,445,000 CAD 3.15 06/02/2022 50,958,296 - Fixed Income
10.44% ONTARIO (PROVINCE OF) UNSECURED 06/23 2.85 CA68323ABN33 48,525,000 CAD 2.85 06/02/2023 49,489,852 - Fixed Income
8.93% ONTARIO (PROVINCE OF) UNSECURED 06/20 4.2 CA6832348J04 40,930,000 CAD 4.20 06/02/2020 42,326,193 - Fixed Income
8.84% ONTARIO (PROVINCE OF) BONDS 06/21 4 CA68323AAD69 40,000,000 CAD 4.00 06/02/2021 41,878,131 - Fixed Income
6.64% PROVINCE OF QUEBEC NOTES 12/21 4.25 CA74814ZEH25 29,645,000 CAD 4.25 12/01/2021 31,477,481 - Fixed Income
5.58% PROVINCE OF QUEBEC NOTES 12/20 4.5 CA74814ZEG42 25,205,000 CAD 4.50 12/01/2020 26,456,373 - Fixed Income
5.31% PROVINCE OF QUEBEC UNSECURED 12/22 3.5 CA74814ZEL37 24,055,000 CAD 3.50 12/01/2022 25,178,922 - Fixed Income
5.25% PROVINCE OF QUEBEC UNSECURED 09/23 3 CA74814ZEP41 24,040,000 CAD 3.00 09/01/2023 24,894,345 - Fixed Income
3.73% ONTARIO (PROVINCE OF) SR UNSECURED 03/22 1.35 CA68323AEA84 18,111,000 CAD 1.35 03/08/2022 17,683,314 - Fixed Income
3.37% PROVINCE OF QUEBEC SR UNSECURED 03/22 1.65 CA748148RW51 16,155,000 CAD 1.65 03/03/2022 15,981,598 - Fixed Income
2.53% PROVINCE OF ALBERTA UNSECURED 09/21 1.35 CA013051DU87 12,190,000 CAD 1.35 09/01/2021 11,983,329 - Fixed Income
2.32% ONTARIO (PROVINCE OF) DEBENTURES 09/23 8.1 CA683234HM34 8,642,000 CAD 8.10 09/08/2023 11,013,238 - Fixed Income
2.24% BRITISH COLUMBIA PROV OF UNSECURED 12/21 3.25 CA110709BJ01 10,303,000 CAD 3.25 12/18/2021 10,633,951 - Fixed Income
2.23% PROVINCE OF ALBERTA UNSECURED 06/20 1.25 CA013051DR58 10,670,000 CAD 1.25 06/01/2020 10,570,753 - Fixed Income
1.79% PROVINCE OF QUEBEC SR UNSECURED 03/23 2.45 CA748148BY81 8,370,000 CAD 2.45 03/01/2023 8,482,335 - Fixed Income
1.43% PROVINCE OF ALBERTA SR UNSECURED 12/22 2.55 CA013051DG93 6,745,000 CAD 2.55 12/15/2022 6,796,073 - Fixed Income
1.38% ONTARIO (PROVINCE OF) SR UNSECURED 01/23 1.95 CA68323ADL58 6,575,000 CAD 1.95 01/27/2023 6,530,438 - Fixed Income
1.38% ONTARIO (PROVINCE OF) UNSECURED 09/23 2.6 CA68333ZAB37 6,435,000 CAD 2.60 09/08/2023 6,531,259 - Fixed Income
1.29% BRITISH COLUMBIA PROV OF UNSECURED 12/20 3.7 CA1107098X34 5,895,000 CAD 3.70 12/18/2020 6,090,474 - Fixed Income
1.21% BRITISH COLUMBIA PROV OF NOTES 12/23 3.3 CA110709GF34 5,510,000 CAD 3.30 12/18/2023 5,746,663 - Fixed Income
1.14% BRITISH COLUMBIA PROV OF SR UNSECURED 12/22 2.7 CA110709GB20 5,305,000 CAD 2.70 12/18/2022 5,389,934 - Fixed Income
1.02% MANITOBA (PROVINCE OF) UNSECURED 06/23 2.55 CA563469UA15 4,800,000 CAD 2.55 06/02/2023 4,830,656 - Fixed Income
0.94% PROV OF NEW BRUNSWICK NOTES 06/20 4.5 CA642869AB73 4,279,000 CAD 4.50 06/02/2020 4,442,775 - Fixed Income
0.89% PROV OF NEW BRUNSWICK UNSECURED 05/22 1.55 CA642866BL08 4,310,000 CAD 1.55 05/04/2022 4,214,939 - Fixed Income
0.82% PROV OF NEW BRUNSWICK UNSECURED 12/21 3.35 CA642869AD30 3,750,000 CAD 3.35 12/03/2021 3,876,859 - Fixed Income
0.81% MANITOBA (PROVINCE OF) UNSECURED 02/20 4.75 CA56344ZJT71 3,635,000 CAD 4.75 02/11/2020 3,814,436 - Fixed Income
0.78% NOVA SCOTIA PROVINCE NOTES 06/21 4.1 CA669827FY83 3,520,000 CAD 4.10 06/01/2021 3,693,702 - Fixed Income
0.66% ONTARIO (PROVINCE OF) BONDS 07/22 9.5 CA683234HC51 2,515,000 CAD 9.50 07/13/2022 3,112,088 - Fixed Income
0.64% PROV OF NEW BRUNSWICK UNSECURED 06/23 2.85 CA642869AF87 3,000,000 CAD 2.85 06/02/2023 3,054,547 - Fixed Income
0.57% PROVINCE OF ALBERTA UNSECURED 09/22 1.6 CA013051DX27 2,775,000 CAD 1.60 09/01/2022 2,717,899 - Fixed Income
0.56% MANITOBA (PROVINCE OF) UNSECURED 09/21 1.55 CA563469UK96 2,690,000 CAD 1.55 09/05/2021 2,659,718 - Fixed Income
0.55% HYDRO QUEBEC LOCAL GOVT G 08/20 11 CA448814DG57 2,198,000 CAD 11.00 08/15/2020 2,603,662 - Fixed Income
0.52% MANITOBA (PROVINCE OF) UNSECURED 09/20 1.6 CA563469UG84 2,482,000 CAD 1.60 09/05/2020 2,477,293 - Fixed Income
0.45% MANITOBA (PROVINCE OF) UNSECURED 12/21 3.85 CA563469TR68 2,029,000 CAD 3.85 12/01/2021 2,127,710 - Fixed Income
0.44% MANITOBA (PROVINCE OF) UNSECURED 06/20 4.15 CA563469TK16 2,040,000 CAD 4.15 06/03/2020 2,107,804 - Fixed Income
0.43% BRITISH COLUMBIA PROV OF UNSECURED 06/21 4.8 CA110709FM93 1,930,000 CAD 4.80 06/15/2021 2,057,064 - Fixed Income
0.39% PROVINCE OF ALBERTA UNSECURED 12/23 3.4 CA013051DL88 1,750,000 CAD 3.40 12/01/2023 1,828,166 - Fixed Income
0.38% PROVINCE OF ALBERTA UNSECURED 09/23 2.65 CA013051EC70 1,765,000 CAD 2.65 09/01/2023 1,794,794 - Fixed Income
0.38% PROVINCE OF NEWFOUNDLAND UNSECURED 06/22 1.95 CA651333FX97 1,845,000 CAD 1.95 06/02/2022 1,822,508 - Fixed Income
0.38% PROVINCE OF SASKATCHEWAN DEBENTURES 07/20 3.9 CA803854JS88 1,710,000 CAD 3.90 07/28/2020 1,788,428 - Fixed Income
0.36% NOVA SCOTIA PROVINCE UNSECURED 10/21 4.45 CA66989ZDY12 1,600,000 CAD 4.45 10/24/2021 1,709,354 - Fixed Income
0.25% PROVINCE OF NEWFOUNDLAND DEBENTURES 04/21 10.95 CA651333DX16 960,000 CAD 10.95 04/15/2021 1,167,346 - Fixed Income
-0.03% CASH - 1 CAD - - -152,248 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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