Key stats
About BMO AAA CLO ETF Trust Units HEDGED Units
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Inception date
Apr 29, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05614V2075
The fund actively invests in collateralized loan obligations that are rated AAA or equivalent. It specifically targets USD-denominated CLOs issued outside Canada. The debt securities may be purchased from both primary and secondary markets. The fund may invest in CLOs of any maturity not exceeding 15 years but caps its individual security allocation to 10% of its assets. Fixed-rate CLOs are limited to 10% as well. Derivatives, such as currency forward contracts and currency futures contracts, may be utilized for hedging and risk management. It may also invest in cash or other short-term instruments for liquidity management purposes, managing redemptions, or for defensive purposes. The fund is actively managed.
Related funds
Classification
What's in the fund
Exposure type
Securitized
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZAAA.F trades at 30.02 CAD today, its price has risen 0.03% in the past 24 hours. Track more dynamics on ZAAA.F price chart.
ZAAA.F net asset value is 30.01 today — it's risen 0.36% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ZAAA.F assets under management is 153.02 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ZAAA.F fund flows account for 152.02 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZAAA.F invests in bonds. See more details in our Analysis section.
No, ZAAA.F isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, ZAAA.F doesn't pay dividends to its holders.
ZAAA.F trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ZAAA.F shares are issued by Bank of Montreal
ZAAA.F follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 29, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.