Explore a suite of discount bond ETFs
Innovative Tax Efficient Low-Cost Bond Solutions
- BMO’s suite of discount bond ETFs help to reduce taxable interest income relative to traditional bond funds with similar exposure.
- With ZCDB, ZSDB, and ZDB, lower coupon bonds are selected to reduce income relative to full market exposures.
- These deliver similar returns to traditional bond ETFs, but with tax efficient income, making them ideal for non-registered accounts.
- Designed for investors looking for tax efficient income by selecting bonds that trade near or below par value
- Diversified baskets of bonds with low management fees
- Exchange traded for improved liquidity and price transparency
- Aggregate, short -term, and corporate bond exposures to fit with portfolio construction
BMO Corporate Discount Bond ETF (Ticker: ZCDB)
- Offers exposure to Canadian investment grade corporate bonds trading near or below par value.
- Selects corporate bonds with a remaining term to maturity between one to ten years.
BMO Short-Term Discount Bond ETF
(Ticker: ZSDB)
- Offers exposure to Canadian investment grade short-term bonds trading near or below par value.
- Selects federal, provincial, corporate, and municipal bonds with a remaining term to maturity between one and five years.
BMO Discount Bond Index ETF (Ticker: ZDB)
- Offers exposure to the aggregate Canadian bond market with investment grade bonds trading near or below par value.
- Selects federal, provincial, corporate, and municipal bonds across the term spectrum.
BMO Corporate Discount Bond ETF (Ticker: ZCDB)
BMO Short-Term Discount Bond ETF (Ticker: ZSDB)
BMO Discount Bond Index ETF (Ticker: ZDB)
- ETFs hold a diversified basket of underlying securities to replicate their index or market exposure
- ETFs have low management fees and MERs compared to other investment vehicles
- ETFs post their holdings daily on web sites
- ETFs trade on the exchange, with public bid and offer prices
Invest with the expertise of BMO Exchange Traded Funds
Since 2009, over a decade of working hand in hand with investors in Canadian ETFs
Innovative shelf across asset classes with over 150 tickers
Many of the largest Canadian ETFs – including 37 ETFs over $500 million in assets under management (Bloomberg, June 2022)
Many of the most liquid Canadian ETFs – including 63 ETFs over $1 million in average daily value traded (Bloomberg, June 2022)
An active ownership record that stands out from the crowd (ISS, June 2022)
Disclosures
Commissions, management fees and expenses (if applicable) all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs and ETF series trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.
BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.
The BMO ETF or securities referred to herein are not sponsored, endorsed, sold or promoted by MSCI ESG Research, Bloomberg , or Barclays, and they bear no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The ETF’s prospectus contains a more detailed description of the limited relationship MSCI ESG Research, Bloomberg , and Barclays have with the Manager and any related ETFs.