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BMO Balanced ETF (ZBAL : TSX)

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Global Neutral Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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Close
(05-02-2024) 		$36.62
Change
-$0.02 (-0.05%)
Open $36.72
Day Range $36.53 - $36.72
Volume 822

As at March 31, 2024

As at March 31, 2024

As at February 29, 2024

  • Closing Price / Volume
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Legend

BMO Balanced ETF

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Fund Returns

Inception Return (February 15, 2019): 6.90%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 2.22% 5.33% 13.76% 5.33% 12.80% 5.51% 4.94% 9.06% 6.52% - - - - -
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.96% 12.03% 12.03% 4.49% 10.15% 3.31% 3.22% 7.67% 4.79% 4.62% 4.52% 5.09% 4.15% 4.67%
Category Rank 484 / 1,735 512 / 1,735 290 / 1,711 512 / 1,735 292 / 1,684 288 / 1,617 289 / 1,434 312 / 1,358 213 / 1,301 - - - - -
Quartile Ranking 2 2 1 2 1 1 1 1 1 - - - - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.54% -1.86% 1.97% 1.43% -0.53% -3.28% -0.89% 5.74% 3.06% 0.44% 2.59% 2.22%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

7.03% (April 2020)

Worst Monthly Return Since Inception

-7.55% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 10.25% 10.32% -10.95% 12.48%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - 1 2 3 1
Category Rank - - - - - - 304/ 1,344 484/ 1,425 884/ 1,564 151/ 1,683

Best Calendar Return (Last 10 years)

12.48% (2023)

Worst Calendar Return (Last 10 years)

-10.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 29.17
Canadian Government Bonds 20.03
International Equity 17.28
Canadian Equity 14.65
Foreign Bonds - Other 11.32
Other 7.55

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.13
Technology 13.94
Financial Services 11.78
Healthcare 5.17
Consumer Goods 4.86
Other 26.12

Geographic Allocation

Geographic Allocation
Name Percent
North America 71.08
Multi-National 11.32
Europe 8.74
Asia 7.65
Latin America 0.60
Other 0.61

Top Holdings

Top Holdings
Name Percent
BMO S&P 500 Index ETF (ZSP) 27.49
BMO Aggregate Bond Index ETF (ZAG) 26.80
BMO S&P/TSX Capped Composite Index ETF (ZCN) 15.07
BMO MSCI EAFE Index ETF (ZEA) 12.06
BMO US Aggregate Bond Index ETF (Hdg) (ZUAG.F) 11.32
BMO MSCI Emerging Markets Index ETF (ZEM) 4.52
BMO S&P US Mid Cap Index ETF (ZMID) 1.86
BMO S&P US Small Cap Index ETF (ZSML) 0.72
CANADIAN DOLLAR 0.07
BMO Government Bond Index ETF (ZGB) 0.06

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

BMO Balanced ETF

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.77% 9.75% -
Beta 1.03% 1.13% -
Alpha 0.01% 0.00% -
Rsquared 0.91% 0.88% -
Sharpe 0.27% 0.50% -
Sortino 0.35% 0.58% -
Treynor 0.03% 0.04% -
Tax Efficiency 79.56% - -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 8.41% 9.77% 9.75% -
Beta 1.06% 1.03% 1.13% -
Alpha 0.00% 0.01% 0.00% -
Rsquared 0.89% 0.91% 0.88% -
Sharpe 0.91% 0.27% 0.50% -
Sortino 2.17% 0.35% 0.58% -
Treynor 0.07% 0.03% 0.04% -
Tax Efficiency 91.87% 79.56% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date February 15, 2019
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status -
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $194
52 Week High $37.43
52 Week Low $32.52
Annual Dividend $0.88
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

Seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities.

Investment Strategy

-

Portfolio Manager(s)

Name Start Date
Sadiq S. Adatia, CFA 10-06-2021

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.20%
Management Fee 0.18%

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