ducovest

ZMI:CA:TSX-BMO Monthly Income ETF (CAD)

ETF | Global Neutral Balanced | Toronto Stock Exchange

Last Closing

CAD 17.46

Change

+0.03 (+0.17)%

Market Cap

CAD 0.08B

Volume

2.62K

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The investment has been designed to deliver the performance of the underlying basket of higher yielding BMO ETFs. ETFs are selected by having a higher yield than either the equity market represented by the BMO Dow Jones Canada Titans 60 Index ETF (ZCN) or the fixed income market represented by the BMO Aggregate Bond Index ETF (ZAG). The holdings are weighted by yield, with 50 percent investment in each of equity and fixed income and a cap of 20 percent for each security with a range of 6 to 10 ETFs. The ETF is rebalanced quarterly and reconstituted semi-annually in June and December.

Company Website : www.etfs.bmo.com

Currency: CAD

Country : Canada

Inception Date: 28/01/2011

Primary Benchmark: FTSE Canada Universe Bond

Primary Index: Morningstar CAN Bal 50/50 CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.61 %

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: 2024-12-23 )

Largest Industry Peers for Global Neutral Balanced

Symbol Name Mer Price(Change) Market Cap
VBAL:CA Vanguard Balanced Portfolio 0.25 %

+0.09 (+0.27%)

 CAD 3.32B
XBAL:CA iShares Core Balanced ETF Port.. 0.76 %

+0.11 (+0.36%)

 CAD 1.73B
VCNS:CA Vanguard Conservative ETF Port.. 0.25 %

-0.01 (-0.03%)

 CAD 0.52B
ZBAL:CA BMO Balanced ETF 0.00 %

+0.15 (+0.37%)

 CAD 0.27B
PINC:CA Purpose Multi-Asset Income Fun.. 0.99 %

-0.01 (-0.05%)

 CAD 0.06B
HCON:CA Global X Conservative Asset Al.. 0.15 %

+0.09 (+0.65%)

 CAD 0.04B
PIN:CA Purpose Monthly Income Fund Se.. 0.72 %

-0.01 (-0.06%)

 CAD 5.71M
PRP:CA Purpose Conservative Income Fu.. 0.71 %

+0.08 (+0.41%)

 N/A

ETFs Containing ZMI:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Global Neutral Balanced) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 8.38% 44% F 42% F
Dividend Return 4.78% 78% C+ 67% D+
Total Return 13.16% 67% D+ 46% F
Trailing 12 Months  
Capital Gain 8.51% 44% F 42% F
Dividend Return 5.22% 89% A- 70% C-
Total Return 13.74% 67% D+ 46% F
Trailing 5 Years  
Capital Gain 5.05% 44% F 45% F
Dividend Return 22.44% 75% C 62% D
Total Return 27.50% 67% D+ 46% F
Average Annual (5 Year Horizon)  
Capital Gain 2.24% 56% F 42% F
Dividend Return 5.25% 67% D+ 47% F
Total Return 3.01% 89% A- 75% C
Risk Return Profile  
Volatility (Standard Deviation) 7.96% 78% C+ 80% B-
Risk Adjusted Return 66.02% 89% A- 77% C+
Market Capitalization 0.08B 50% F 40% F

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:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.