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About BMO ASSET MANAGEMENT INC LONG PROVINCIAL BOND INDEX ETF
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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 Corp.
The fund provides exposure to long term bonds in the Canadian provincial sector, which includes Canadian provinces and provincial or territorial corporations, incorporated under their respective jurisdiction. The index holds CAD-denominated bonds with 10 years or more until maturity. These securities are generally guaranteed by the Canadian Provincial Governments and its agencies and have a credit rating of BBB or higher. The index undergoes daily rebalance. The fund aims to hold fixed income securities in the same proportions as they are reflected in the index. The Manager may also opt to use a sampling strategy, which uses quant 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 ZMP provides the same exposure but with maturities of 5-10 years while ZPS caters to maturities of five years or less.
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
Government
Bonds, Cash & Other100.00%
Government95.77%
Corporate4.30%
Cash−0.07%
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
ZPL invests in bonds. The fund's major sectors are Government, with 95.77% stocks, and Corporate, with 4.30% of the basket. The assets are mostly located in the North America region.
ZPL last dividends amounted to 0.04 CAD. The month before, the issuer paid 0.04 CAD in dividends, which shows a 8.11% decrease.
ZPL assets under management is 314.42 M CAD. It's fallen 6.85% over the last month.
ZPL fund flows account for 26.30 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, ZPL pays dividends to its holders with the dividend yield of 4.02%. The last dividend (Jul 3, 2025) amounted to 0.04 CAD. The dividends are paid monthly.
ZPL 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.
ZPL expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
ZPL follows the FTSE Canada Long Term Provincial Bond Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ZPL invests in bonds.
ZPL price has fallen by −2.18% over the last month, and its yearly performance shows a −4.38% decrease. See more dynamics on ZPL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.67% over the last month, showed a −0.50% decrease in three-month performance and has increased by 0.40% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.67% over the last month, showed a −0.50% decrease in three-month performance and has increased by 0.40% in a year.
ZPL trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.