ZFM:CA:TSX-BMO Mid Federal Bond Index ETF (CAD)

ETF | Canadian Fixed Income | Toronto Stock Exchange

Last Closing

CAD 14.79

Change

-0.02 (-0.10)%

Market Cap

CAD 0.53B

Volume

1.09K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

"The investment seeks to replicate, net of expenses, the DEX Mid Term Federal Bond Index. The index consists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity between five and ten years, a credit rating of AAA and minimum size requirement of $50 million per issue. The federal sector consists of bonds issued by the Government of Canada (including both non-agency, agency/crown corporations) and supranational entities."

Inception Date: 29/05/2009

Primary Benchmark: FTSE Canada Mid Federal TR CAD

Primary Index: Citi Canadian GBI CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.22 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-08-28 )

Largest Industry Peers for Canadian Fixed Income

Symbol Name Mer Price(Change) Market Cap
ZAG:CA BMO Aggregate Bond 0.09 %

+0.02 (+0.14%)

CAD 10.21B
XBB:CA iShares Canadian Universe Bond 0.10 %

+0.03 (+0.10%)

CAD 7.85B
VAB:CA Vanguard Canadian Aggregate Bo.. 0.09 %

+0.05 (+0.21%)

CAD 5.03B
HBB:CA Global X Canadian Select Unive.. 0.10 %

+0.03 (+0.06%)

CAD 3.40B
ZCPB:CA BMO Core Plus Bond ETF 0.56 %

N/A

CAD 1.32B
ZGB:CA BMO Government Bond Index ETF 0.17 %

+0.07 (+0.15%)

CAD 1.24B
XGB:CA iShares Canadian Government Bo.. 0.38 %

+0.02 (+0.10%)

CAD 1.21B
QBB:CA Mackenzie Canadian Aggregate B.. 0.10 %

+0.18 (+0.19%)

CAD 0.86B
ZDB:CA BMO Discount Bond 0.10 %

+0.03 (+0.20%)

CAD 0.72B
CLG:CA iShares 1-10Yr Laddered Govern.. 0.17 %

+0.01 (+0.06%)

CAD 0.62B

ETFs Containing ZFM:CA

ZAG:CA BMO Aggregate Bond 0.00 % 0.09 %

+0.02 (+0.14%)

CAD 10.21B

Market Performance

  Market Performance vs. Industry/Classification (Canadian Fixed Income) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 1.30% 74% C 24% F
Dividend Return 1.15% 22% F 35% F
Total Return 2.45% 48% F 24% F
Trailing 12 Months  
Capital Gain 5.79% 74% C 36% F
Dividend Return 2.00% 22% F 39% F
Total Return 7.80% 43% F 36% F
Trailing 5 Years  
Capital Gain -12.59% 59% D- 22% F
Dividend Return 6.38% 12% F 21% F
Total Return -6.21% 27% F 22% F
Average Annual (5 Year Horizon)  
Capital Gain -4.29% 32% F 14% F
Dividend Return -2.91% 14% F 14% F
Total Return 1.38% 19% F 45% F
Risk Return Profile  
Volatility (Standard Deviation) 5.54% 27% F 86% B+
Risk Adjusted Return -52.49% 9% A- 8% B-
Market Capitalization 0.53B 62% D 65% D

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:

There is nothing we particularly like

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.