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

ETF | Canadian Fixed Income | Toronto Stock Exchange

Last Closing

CAD 14.995

Change

-0.04 (-0.23)%

Market Cap

CAD 0.53B

Volume

0.02M

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: 2024-09-17 )

Largest Industry Peers for Canadian Fixed Income

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

-0.03 (-0.21%)

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

-0.08 (-0.26%)

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

-0.06 (-0.26%)

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

-0.20 (-0.41%)

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

N/A

CAD 1.34B
ZGB:CA BMO Government Bond Index ETF 0.17 %

-0.07 (-0.15%)

CAD 1.25B
XGB:CA iShares Canadian Government Bo.. 0.38 %

-0.04 (-0.20%)

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

-0.08 (-0.08%)

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 %

-0.02 (-0.11%)

CAD 0.62B

ETFs Containing ZFM:CA

ZAG:CA BMO Aggregate Bond 0.00 % 0.09 %

-0.03 (-0.21%)

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 2.71% 74% C 27% F
Dividend Return 1.34% 33% F 39% F
Total Return 4.05% 65% D 28% F
Trailing 12 Months  
Capital Gain 9.29% 87% B+ 40% F
Dividend Return 2.24% 22% F 41% F
Total Return 11.54% 74% C 40% F
Trailing 5 Years  
Capital Gain -9.72% 64% D 24% F
Dividend Return 6.67% 12% F 23% F
Total Return -3.05% 36% F 24% F
Average Annual (5 Year Horizon)  
Capital Gain -4.27% 30% F 13% F
Dividend Return -2.87% 13% F 14% F
Total Return 1.40% 23% F 46% F
Risk Return Profile  
Volatility (Standard Deviation) 5.61% 26% F 86% B+
Risk Adjusted Return -51.13% 17% F 7% C-
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.