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.

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

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of August 29, 2025
Exposure type
Bonds, Cash & Other
Government
Corporate
Bonds, Cash & Other100.00%
Government64.82%
Corporate35.13%
Securitized0.20%
Cash−0.15%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


ZDB invests in bonds. The fund's major sectors are Government, with 64.82% stocks, and Corporate, with 35.13% of the basket. The assets are mostly located in the North America region.
ZDB top holdings are Canada Treasury Bonds 0.5% 01-DEC-2030 and Canada Treasury Bonds 0.25% 01-MAR-2026, occupying 10.84% and 5.92% of the portfolio correspondingly.
ZDB last dividends amounted to 0.03 CAD. The month before, the issuer paid 0.03 CAD in dividends,
ZDB assets under management is ‪814.01 M‬ CAD. It's risen 2.27% over the last month.
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.
Yes, ZDB pays dividends to its holders with the dividend yield of 2.38%. The last dividend (Sep 3, 2025) amounted to 0.03 CAD. The dividends are paid monthly.
ZDB shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Feb 10, 2014, and its management style is Passive.
ZDB expense ratio is 0.10% meaning you'd have to pay 0.10% of your investment to help manage the fund.
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.
ZDB invests in bonds.
ZDB price has risen by 0.60% over the last month, and its yearly performance shows a −0.20% decrease. See more dynamics on ZDB price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.03% increase in three-month performance and has increased by 2.35% in a year.
ZDB trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.