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

ETF | Global Neutral Balanced | Toronto Stock Exchange

Last Closing

CAD 16.63

Change

+0.05 (+0.30)%

Market Cap

CAD 0.08B

Volume

6.80K

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.

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: 2024-03-27 )

Largest Industry Peers for Global Neutral Balanced

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

+0.19 (+0.63%)

CAD 2.65B
XBAL:CA iShares Core Balanced ETF Port.. 0.76 %

+0.21 (+0.77%)

CAD 1.27B
PINC:CA Purpose Multi-Asset Income Fun.. 0.99 %

+0.06 (+0.36%)

CAD 0.10B
HCON:CA Horizons Conservative TRI ETF .. 0.15 %

+0.08 (+0.63%)

CAD 0.05B
PIN:CA Purpose Monthly Income Fund Se.. 0.72 %

N/A

CAD 5.58M
PRP:CA Purpose Conservative Income Fu.. 0.71 %

N/A

CAD 0.95M

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 3.23% 63% D 42% F
Dividend Return 1.30% 100% F 60% D-
Total Return 4.53% 75% C 46% F
Trailing 12 Months  
Capital Gain 6.47% 63% D 53% F
Dividend Return 3.59% 80% B- 61% D-
Total Return 10.05% 75% C 56% F
Trailing 5 Years  
Capital Gain 3.42% 63% D 45% F
Dividend Return 13.93% 86% B+ 70% C-
Total Return 17.35% 63% D 45% F
Average Annual (5 Year Horizon)  
Capital Gain -0.40% 63% D 40% F
Dividend Return 2.23% 63% D 47% F
Total Return 2.63% 86% B+ 66% D+
Risk Return Profile  
Volatility (Standard Deviation) 7.66% 75% C 77% C+
Risk Adjusted Return 29.10% 63% D 58% F
Market Capitalization 0.08B 75% C 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:
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.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:

There is nothing we particularly dislike