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About BMO LONG CORPORATE BOND INDEX ETF CAD UNITS
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Inception date
Jan 19, 2010
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management Corp.
The fund invests in CAD-denominated corporate bonds issued in Canada. The corporate sector is divided into sub-sectors: financial, communication, industrial, energy, infrastructure, real estate, and securitization. The fund tracks a market-value-weighted index of investment grade bonds with maturities of 10 years or more. The index is usually rebalanced daily and holds semi-annual pay fixed rate bonds with credit rating of BBB or higher. ZLC 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 ZCB provides the same exposure with but maturities greater than one year, ZCS with 0-5 years, and ZLM with 5-10 years remaining to maturity.
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%
Corporate99.99%
Government0.33%
Cash−0.32%
Stock breakdown by region
North America99.86%
Europe0.14%
Latin America0.00%
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
ZLC invests in bonds. The fund's major sectors are Corporate, with 99.99% stocks, and Government, with 0.33% of the basket. The assets are mostly located in the North America region.
ZLC last dividends amounted to 0.06 CAD. The month before, the issuer paid 0.06 CAD in dividends,
ZLC assets under management is 540.75 M CAD. It's risen 6.94% over the last month.
ZLC fund flows account for 102.07 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, ZLC pays dividends to its holders with the dividend yield of 4.76%. The last dividend (Jun 3, 2025) amounted to 0.06 CAD. The dividends are paid monthly.
ZLC shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 19, 2010, and its management style is Passive.
ZLC expense ratio is 0.33% meaning you'd have to pay 0.33% of your investment to help manage the fund.
ZLC follows the FTSE Canada Long Term Corporate Bond Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZLC invests in bonds.
ZLC price has fallen by −1.05% over the last month, See more dynamics on ZLC price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.68% over the last month, showed a −0.81% decrease in three-month performance and has increased by 5.41% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.68% over the last month, showed a −0.81% decrease in three-month performance and has increased by 5.41% in a year.
ZLC trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.