Key stats
About BMO MID-TERM US IG CORP BD INDEX CAD UNITS
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Inception date
Mar 19, 2013
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.
The fund invests in USD-denominated taxable corporate bonds. The fund tracks a market-value-weighted index of investment grade bonds with maturities between 5-10 years. The index is usually rebalanced monthly, it includes fixed rate bonds with USD 750 million minimum amount outstanding and includes the three largest issues from each issue. The fund aims to hold securities in parallel proportions as they are reflected in the index. The Manager may also use a sampling methodology, which uses quantitative analysis to select bonds that resemble index constituents in terms of key risk factors, performance attributes, industry weightings, market capitalization and other appropriate financial characteristics. Sibling fund ZMU-CA offers the same exposure but is a CAD-hedged version.
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
Corporate
Bonds, Cash & Other100.00%
Corporate100.35%
Cash−0.35%
Stock breakdown by region
North America88.43%
Europe7.35%
Asia3.24%
Oceania0.98%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZIC top holdings are T-Mobile USA, Inc. 3.875% 15-APR-2030 and Bank of America Corporation 5.468% 23-JAN-2035, occupying 0.76% and 0.57% of the portfolio correspondingly.
ZIC last dividends amounted to 0.06 CAD. The month before, the issuer paid 0.06 CAD in dividends,
ZIC assets under management is 3.25 B CAD. It's risen 4.51% over the last month.
ZIC fund flows account for 316.67 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, ZIC pays dividends to its holders with the dividend yield of 3.96%. The last dividend (May 2, 2025) amounted to 0.06 CAD. The dividends are paid monthly.
ZIC shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Mar 19, 2013, and its management style is Passive.
ZIC expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
ZIC follows the Bloomberg U.S. Investment Grade 5-10 Year Corporate Bond Capped Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZIC invests in bonds.
ZIC price has risen by 0.87% over the last month, and its yearly performance shows a 3.46% increase. See more dynamics on ZIC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.20% over the last month, showed a −1.96% decrease in three-month performance and has increased by 7.39% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.20% over the last month, showed a −1.96% decrease in three-month performance and has increased by 7.39% in a year.
ZIC trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.