Key stats
About BMO LONG PROVINCIAL BD INDEX ETF LONG PROVINCIAL BOND INDEX ETF CAD
Expense ratio
0.28%
Home page
Inception date
Mar 19, 2013
ISIN
CA05577K1075
The fund provides exposure to long term bonds in the Canadian provincial sector, which includes Canadian provinces and provincial or territorial corporations, incorporated under their respective jurisdiction. The index holds CAD-denominated bonds with 10 years or more until maturity. These securities are generally guaranteed by the Canadian Provincial Governments and its agencies and have a credit rating of BBB or higher. The index undergoes daily rebalance. The fund aims to hold fixed income securities in the same proportions as they are reflected in the index. The Manager may also opt to use a sampling strategy, which uses quant analysis to select bonds that resemble index constituents in terms of key risk factors, performance attributes, industry weightings, market capitalization and other appropriate financial characteristics. Sibling fund ZMP provides the same exposure but with maturities of 5-10 years while ZPS caters to maturities of five years or less.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government97.40%
Corporate2.60%
Cash−0.00%