ZMBS - BMO Canadian MBS Index ETF

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Portfolio Strategy

The BMO Canadian MBS Index ETF (ZMBS) has been designed to replicate, to the extent possible, the performance of the FTSE Canada NHA MBS 975 Index, net of expenses. The Fund invests in a variety of mortgage backed securities with a term to maturity greater than one year. Mortgages held within the Index are guaranteed by the Canada Mortgage and Housing Corporation.

Benchmark Info

The FTSE Canada NHA MBS 975 Index consists of a liquid universe of Canadian issued mortgage backed securities that are insured by Canada Mortgage and Housing Corporation with a minimum issue size of $200 million and $100 million outstanding. Each security is weighted by its relative market capitalization and rebalanced monthly. The Index includes securities denominated in Canadian dollars, with a term to maturity greater than one year.

Benefits

  • Designed for investors looking for defensive income
  • Invested in a diversified portfolio of mortgage backed securities
  • Includes bonds with greater than one year to maturity
  • Professionally managed by BMO Global Asset Management

Full details: ZMBS - BMO Canadian MBS Index ETF

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