Key stats
About BMO CDN BK INCOME INDEX ETF CAD UNITS
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Inception date
Jan 24, 2022
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
BMO Asset Management, Inc.
The fund invests in securities issued by Canadian banks and are denominated in CAD. The index has three buckets of assets: bonds, limited recourse capital notes (LRCNs), and preferred shares. The bond bucket includes non-viability contingent capital(NVCC) bonds, the LRCN bucket includes institutional preferred shares, and the preferred shares bucket holds listed preferreds. Eligible issuers include Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce CIBC, Canadian Imperial Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank, Manulife Bank of Canada, HSBC Bank Canada, Concentra Bank, and Canadian Western Bank. During the monthly reconstitution and rebalance, no bucket can hold on its own more than 60% of the 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
Corporate
Bonds, Cash & Other100.00%
Corporate100.20%
Cash−0.20%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
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
ZBI last dividends amounted to 0.32 CAD. The quarter before, the issuer paid 0.27 CAD in dividends, which shows a 15.62% increase.
ZBI assets under management is 93.52 M CAD. It's risen 1.21% over the last month.
ZBI fund flows account for 53.96 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, ZBI pays dividends to its holders with the dividend yield of 3.71%. The last dividend (Jul 3, 2025) amounted to 0.32 CAD. The dividends are paid quarterly.
ZBI shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Jan 24, 2022, and its management style is Passive.
ZBI expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
ZBI follows the Solactive Canadian Bank Income Index - CAD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZBI invests in bonds.
ZBI price has fallen by −0.49% over the last month, and its yearly performance shows a 3.68% increase. See more dynamics on ZBI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.52% over the last month, showed a 1.17% increase in three-month performance and has increased by 7.62% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.52% over the last month, showed a 1.17% increase in three-month performance and has increased by 7.62% in a year.
ZBI trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.