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About BMO Discount Bond Index ETF
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Inception date
Feb 10, 2014
Structure
Canadian Mutual Fund Trust (ON)
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Bonds, Cash & Other100.00%
Government64.82%
Corporate35.13%
Securitized0.20%
Cash−0.15%
Stock breakdown by region
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 835.78 M CAD. It's risen 3.51% over the last month.
ZDB fund flows account for 106.20 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 2.36%. The last dividend (Oct 2, 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 2.01% over the last month, and its yearly performance shows a 0.33% increase. See more dynamics on ZDB price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.90% over the last month, showed a 1.24% increase in three-month performance and has increased by 2.71% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.90% over the last month, showed a 1.24% increase in three-month performance and has increased by 2.71% in a year.
ZDB trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.