Key stats
About BMO MONTHLY INCOME ETF CAD UNITS
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Inception date
Jan 28, 2011
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 aims to provide monthly cash distributions, with the potential for long-term capital appreciation through a strategic asset allocation strategy via other BMO ETFs. These ETFs offers exposure to a diverse portfolio of income-bearing investments, including common equities, preferred shares, fixed income securities and trust units. In allocating its exposure, the fund manager considers average market valuations across regions, sectors and asset classes, relative economic conditions, and any perceived downside risks. Equity funds are expected to make up 60% of the holdings as compared to the 40% occupied by fixed income funds. Alternatively, the fund may also obtain its exposure by directly investing in equity and fixed income securities, other investment funds, ADRs or derivatives. The fund's risk profile is based on the BMO ETFs returns and a blend of the returns of the S&P/TSX Capped Composite Total Return Index and FTSE Canada Universe Bond Index.
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
ETF
Bonds, Cash & Other100.00%
ETF99.92%
Cash0.08%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZMI top holdings are BMO Corporate Bond Index ETF CAD Units Trust Units and BMO US Dividend ETF, occupying 25.13% and 18.56% of the portfolio correspondingly.
ZMI last dividends amounted to 0.07 CAD. The month before, the issuer paid 0.07 CAD in dividends,
ZMI assets under management is 155.82 M CAD. It's risen 6.40% over the last month.
ZMI fund flows account for 31.26 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, ZMI pays dividends to its holders with the dividend yield of 4.87%. The last dividend (May 2, 2025) amounted to 0.07 CAD. The dividends are paid monthly.
ZMI shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 28, 2011, and its management style is Active.
ZMI expense ratio is 0.21% meaning you'd have to pay 0.21% of your investment to help manage the fund.
ZMI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZMI invests in funds.
ZMI price has risen by 3.60% over the last month, and its yearly performance shows a 3.35% increase. See more dynamics on ZMI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.58% over the last month, showed a −1.67% decrease in three-month performance and has increased by 8.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.58% over the last month, showed a −1.67% decrease in three-month performance and has increased by 8.48% in a year.
ZMI trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.