Key stats
About BMO AAA CLO ETF (CAD UNITS)
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Inception date
Apr 29, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
BMO Asset Management, Inc.
The fund actively invests in collateralized loan obligations that are rated AAA or equivalent. It specifically targets USD-denominated CLOs issued outside Canada. The debt securities may be purchased from both primary and secondary markets. The fund may invest in CLOs of any maturity not exceeding 15 years but caps its individual security allocation to 10% of its assets. Fixed-rate CLOs are limited to 10% as well. Derivatives, such as currency forward contracts and currency futures contracts, may be utilized for hedging and risk management. It may also invest in cash or other short-term instruments for liquidity management purposes, managing redemptions, or for defensive purposes. The fund is actively managed.
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
Securitized
Cash
Bonds, Cash & Other100.00%
Securitized62.07%
Cash35.50%
Corporate2.44%
Top 10 holdings
Symbol
Assets
Symbol
Assets
C
Canadian Dollar
35.50%
O
OHA Credit Funding 11 A2R 5.78947% 19-JUL-2037
5.83%
V
Venture 46 CLO A1R 5.71947% 20-OCT-2037
5.82%
C
CIFC Funding 2024-V A2 5.87238% 22-JAN-2038
4.96%
C
CBAM 2021-14 A 5.63108% 20-APR-2034
4.75%
K
KKR CLO 47 A 5.6261% 15-JAN-2038
3.96%
K
KKR CLO 41 A1 5.5861% 15-APR-2035
2.91%
A
AIMCO CLO 15 AR 5.48391% 17-APR-2038
2.72%
K
KKR CLO 43 Ltd. 6.0061% 15-JAN-2036
2.44%
C
Carlyle U.S. CLO 2019-1 A1BR 5.83108% 20-APR-2031
2.42%
Top 10 weight71.30%
33 total holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZAAA invests in bonds. The fund's major sectors are Securitized, with 62.07% stocks, and Corporate, with 2.44% of the basket. The assets are mostly located in the N/A region.
ZAAA assets under management is 11.98 M CAD. It's risen 296.62% over the last month.
ZAAA fund flows account for 10.46 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.
No, ZAAA doesn't pay dividends to its holders.
ZAAA shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Apr 29, 2025, and its management style is Active.
ZAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZAAA invests in bonds.
ZAAA trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.