BMO Discount Bond Index ETFBMO Discount Bond Index ETFBMO Discount Bond Index ETF

BMO Discount Bond Index ETF

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Key stats


Assets under management (AUM)
‪814.01 M‬CAD
Fund flows (1Y)
‪94.03 M‬CAD
Dividend yield (indicated)
2.38%
Discount/Premium to NAV
0.09%
Shares outstanding
‪54.13 M‬
Expense ratio
0.10%

About BMO Discount Bond Index ETF


Brand
BMO
Home page
Inception date
Feb 10, 2014
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
FTSE Canada Universe Discount Bond Index - CAD
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
ISIN
CA05590X1024
The fund invests in a variety of CAD-denominated bonds issued in Canada with maturities greater than one year. The fund includes government (including Crown Corporations), provincial, and corporate bonds. The index draws from the FTSE Canada Universe Bond Index (parent index). Coupons must be equal to or less than 1.2 times the bonds YTM at the time of addition to the index. In addition, eligible securities must be investment-grade with a rating of BBB or higher. Index constituents are adjusted so that the index duration and sector profile closely match that of the parent index. The index is rebalanced quarterly. ZDB aims to hold securities in parallel proportions as they are reflected in the index.

Broaden your horizons with more funds linked to ZDB via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Investment grade
Niche
Broad maturities
Strategy
Technical
Geography
Canada
Weighting scheme
Market value
Selection criteria
Technical
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Corporate
Stock breakdown by region
100%
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
Displays a symbol's price movements over previous years to identify recurring trends.

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.
ZDB trades at 15.21 CAD today, its price has risen 0.50% in the past 24 hours. Track more dynamics on ZDB price chart.
ZDB net asset value is 15.12 today — it's risen 0.68% 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.
ZDB assets under management is ‪814.01 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.
ZDB price has risen by 0.96% over the last month, and its yearly performance shows a 0.36% increase. See more dynamics on ZDB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.68% over the last month, showed a 1.03% increase in three-month performance and has increased by 2.35% in a year.
ZDB fund flows account for ‪94.03 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.
ZDB invests in bonds. See more details in our Analysis section.
ZDB expense ratio is 0.10%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZDB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ZDB technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZDB shows the buy signal. See more of ZDB technicals for a more comprehensive analysis.
Yes, ZDB pays dividends to its holders with the dividend yield of 2.38%.
ZDB trades at a premium (0.09%).
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.
ZDB shares are issued by Bank of Montreal
ZDB follows the FTSE Canada Universe Discount Bond Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 10, 2014.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.