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

ETF | Canadian Fixed Income | Toronto Stock Exchange

Last Closing

CAD 14.61

Change

-0.06 (-0.41)%

Market Cap

CAD 0.53B

Volume

5.80K

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: 2024-11-12 )

Largest Industry Peers for Canadian Fixed Income

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

-0.06 (-0.43%)

CAD 10.40B
XBB:CA iShares Canadian Universe Bond 0.10 %

-0.10 (-0.35%)

CAD 7.90B
VAB:CA Vanguard Canadian Aggregate Bo.. 0.09 %

-0.09 (-0.39%)

CAD 5.22B
HBB:CA Global X Canadian Select Unive.. 0.10 %

-0.14 (-0.29%)

CAD 3.49B
ZCPB:CA BMO Core Plus Bond ETF 0.56 %

-0.11 (-0.39%)

CAD 1.47B
XGB:CA iShares Canadian Government Bo.. 0.38 %

-0.09 (-0.46%)

CAD 1.38B
ZGB:CA BMO Government Bond Index ETF 0.17 %

+0.06 (+0.13%)

CAD 1.25B
CAGG:CA CI Yield Enhanced Canada Aggre.. 0.20 %

-0.15 (-0.34%)

CAD 1.20B
QBB:CA Mackenzie Canadian Aggregate B.. 0.10 %

-0.25 (-0.27%)

CAD 0.81B
ZDB:CA BMO Discount Bond 0.10 %

-0.05 (-0.33%)

CAD 0.75B

ETFs Containing ZFM:CA

ZAG:CA BMO Aggregate Bond 0.00 % 0.09 %

-0.06 (-0.43%)

CAD 10.40B

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 0.07% 14% F 19% F
Dividend Return 1.92% 5% F 28% F
Total Return 1.99% 9% A- 17% F
Trailing 12 Months  
Capital Gain 4.51% 27% F 24% F
Dividend Return 2.40% 5% F 26% F
Total Return 6.91% 13% F 21% F
Trailing 5 Years  
Capital Gain -11.78% 45% F 24% F
Dividend Return 10.29% 5% F 21% F
Total Return -1.49% 5% F 17% F
Average Annual (5 Year Horizon)  
Capital Gain -4.18% 26% F 11% F
Dividend Return -2.83% 13% F 12% F
Total Return 1.36% 23% F 46% F
Risk Return Profile  
Volatility (Standard Deviation) 5.77% 43% F 88% B+
Risk Adjusted Return -48.96% 13% F 6% D-
Market Capitalization 0.53B 52% F 64% 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.