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BMO Discount Bond Index ETF
Canadian Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2023, 2022, 2021, 2020
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|
NAVPS (10-23-2026) |
$14.92 |
|---|---|
| Change |
-$0.05
(-0.30%)
|
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (February 10, 2014): 2.05%
| 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 | -1.21% | -2.98% | -1.15% | -1.03% | -1.49% | 0.52% | 4.51% | 2.99% | 0.04% | -0.48% | 0.63% | 1.69% | 1.65% | 1.12% |
| Benchmark | -1.18% | -3.03% | -1.17% | -0.88% | -1.22% | 0.70% | 4.57% | 2.98% | 0.24% | -0.47% | 0.59% | 1.71% | 1.72% | 1.20% |
| Category Average | -1.37% | -3.11% | -1.36% | -1.46% | -1.90% | 0.20% | 4.11% | 2.73% | -0.32% | -0.72% | 0.23% | 1.15% | 1.07% | 0.70% |
| Category Rank | 160 / 485 | 198 / 478 | 283 / 473 | 264 / 469 | 292 / 465 | 291 / 443 | 222 / 408 | 223 / 387 | 209 / 380 | 191 / 356 | 148 / 340 | 122 / 320 | 117 / 296 | 123 / 274 |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.65% | 0.27% | -1.37% | 0.52% | 1.61% | -1.98% | 0.10% | 1.37% | 0.41% | -1.52% | -0.27% | -1.21% |
| Benchmark | 0.76% | 0.26% | -1.36% | 0.63% | 1.70% | -1.99% | 0.06% | 1.41% | 0.44% | -1.61% | -0.27% | -1.18% |
Best Monthly Return Since Inception
4.53% (January 2015)
Worst Monthly Return Since Inception
-3.59% (April 2022)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.37% | 1.71% | 1.18% | 6.97% | 9.30% | -2.66% | -11.95% | 6.59% | 4.13% | 2.24% |
| Benchmark | 1.54% | 2.70% | 1.29% | 6.97% | 8.61% | -2.71% | -11.46% | 6.38% | 4.10% | 2.40% |
| Category Average | 1.60% | 1.96% | -0.34% | 6.21% | 8.18% | -2.79% | -12.16% | 6.16% | 3.68% | 2.23% |
| Quartile Ranking | 3 | 3 | 2 | 1 | 1 | 2 | 3 | 2 | 2 | 3 |
| Category Rank | 158/ 255 | 172/ 281 | 95/ 302 | 69/ 329 | 81/ 341 | 156/ 363 | 227/ 380 | 161/ 388 | 201/ 412 | 312/ 448 |
Best Calendar Return (Last 10 years)
9.30% (2020)
Worst Calendar Return (Last 10 years)
-11.95% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Government Bonds | 75.70 |
| Canadian Corporate Bonds | 23.49 |
| Foreign Corporate Bonds | 0.42 |
| Foreign Government Bonds | 0.28 |
| Cash and Equivalents | 0.13 |
| Other | -0.02 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.73 |
| Financial Services | 0.14 |
| Cash and Cash Equivalent | 0.13 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 0.50% 01-Dec-2030 | 16.90 |
| Canada Government 1.75% 01-Dec-2053 | 4.42 |
| Canada Government 1.50% 01-Dec-2031 | 4.03 |
| Quebec Province 1.50% 01-Sep-2031 | 3.12 |
| Canada Housing Trust No 1 1.90% 15-Mar-2031 | 2.43 |
| Quebec Province 2.85% 01-Dec-2053 | 2.41 |
| Canada Government 1.50% 01-Jun-2031 | 2.29 |
| Ontario Province 1.90% 02-Dec-2051 | 2.23 |
| Sun Life Financial Inc 2.06% 01-Oct-2030 | 2.10 |
| Canada Housing Trust No 1 1.60% 15-Dec-2031 | 2.07 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BMO Discount Bond Index ETF
Median
Other - Canadian Fixed Income
3 Yr Annualized
| Standard Deviation | 4.99% | 6.25% | 5.35% |
|---|---|---|---|
| Beta | 0.94 | 1.04 | 0.99 |
| Alpha | 0.00 | 0.00 | 0.00 |
| Rsquared | 0.91% | 0.95% | 0.96% |
| Sharpe | 0.25 | -0.45 | -0.13 |
| Sortino | 0.52 | -0.58 | -0.44 |
| Treynor | 0.01 | -0.03 | -0.01 |
| Tax Efficiency | 79.81% | - | 21.74% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 4.03% | 4.99% | 6.25% | 5.35% |
| Beta | 0.97 | 0.94 | 1.04 | 0.99 |
| Alpha | 0.00 | 0.00 | 0.00 | 0.00 |
| Rsquared | 1.00% | 0.91% | 0.95% | 0.96% |
| Sharpe | -0.91 | 0.25 | -0.45 | -0.13 |
| Sortino | -1.22 | 0.52 | -0.58 | -0.44 |
| Treynor | -0.04 | 0.01 | -0.03 | -0.01 |
| Tax Efficiency | - | 79.81% | - | 21.74% |
Fund Details
| Start Date | February 10, 2014 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,375 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
Investment Objectives
BMO Discount Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE TMX Canada Universe Discount Bond Index™, net of expenses.
Investment Strategy
ZDB invests in a variety of debt securities primarily with a term to maturity greater than one year. The Fund invests in bonds with 3-month trailing price of $100.50 or lower. Securities held in the Index are a broad measure of the Canadian investment-grade fixed income market consisting of Federal, Provincial and Corporate bonds.
Portfolio Management
| Portfolio Manager |
BMO Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
BMO Asset Management Inc. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | No |
| PAC Initial Investment | - |
| PAC Subsequent | - |
| SWP Allowed | No |
| SWP Min Balance | - |
| SWP Min Withdrawal | - |
Fees
| MER | 0.10% |
|---|---|
| Management Fee | 0.09% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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