BMO Announces Cash Distribution for Certain BMO ETFs and ETF Series of BMO Mutual Funds for April 2025
MWN-AI** Summary
BMO Asset Management Inc. and BMO Investments Inc. have announced cash distribution details for a selection of BMO ETFs and ETF series of BMO Mutual Funds for April 2025. This announcement highlights BMO's commitment to providing returns to investors through monthly distributions. The cash distributions are scheduled for unitholders of record as of the close of business on April 29, 2025, with payments to be made on May 2, 2025.
The distributions vary across a range of funds, reflecting their investment strategies and underlying assets. For example, the BMO Aggregate Bond Index ETF (ZAG) and the BMO Canadian MBS Index ETF (ZMBS) will each distribute $0.040 per unit. In contrast, the BMO Equal Weight Banks Index ETF (ZEB) offers a more substantial distribution of $0.140 per unit. Other notable cash distributions include $0.220 per unit for the BMO Covered Call Energy ETF (ZWEN), and $0.180 for the BMO Growth ETF (ZGRO.T).
The full list of fund distributions includes various bond, equity, and sector-specific ETFs, demonstrating BMO's diverse investment offerings. Notable mentions are the BMO Global Enhanced Income Fund (ETF Series) with a distribution of $0.085 per unit and the BMO US High Dividend Covered Call ETF (ZWH) at $0.130 per unit.
Investors are reminded that all distributions are not guaranteed and may change or cease. Moreover, investments in BMO ETFs and ETF Series come with inherent risks, as markets fluctuate and past performance does not predict future results. For further details and to understand the risks associated with these investments, stakeholders are encouraged to refer to the BMO ETFs website and the appropriate prospectus documentation.
MWN-AI** Analysis
BMO's recent announcement of cash distributions for its ETFs and mutual funds for April 2025 highlights the organization's commitment to providing regular income to unit holders. As a financial analyst, several key elements merit attention for both current and prospective investors.
First, the cash distribution amounts, which range from $0.025 to $0.220 per unit across various ETFs, indicate a diversified income profile. Products such as the BMO Covered Call Energy ETF (ZWEN) and BMO Premium Yield ETF (ZPAY) provide competitive yields, making them attractive for income-focused investors. Conversely, the BMO US Dividend ETF (ZDY) and similar funds offer lower but stable distributions, appealing to more conservative investors.
It's crucial to consider the broader market context, particularly the economic landscape heading into 2025. Persistent inflation and fluctuating interest rates could impact fixed-income products like bond ETFs. For instance, the BMO Aggregate Bond Index ETF (ZAG) is poised for potential volatility. However, its distribution of $0.040 per unit remains attractive for risk-averse investors seeking stable cash flow.
Moreover, certain sectors are currently under pressure, such as utilities and real estate, which may affect funds like the BMO Equal Weight Utilities Index ETF (ZUT) and BMO Equal Weight REITs Index ETF (ZRE). Investors should weigh the inherent risks and evaluate whether current distributions justify holding these sectors amid economic uncertainties.
Active management of ETFs, particularly those investing in high dividends or covered-call strategies, should be on investors' radar. The BMO Covered Call Technology ETF (ZWT) stands out with its attractive $0.220 distribution, but market conditions can affect performance.
In summary, while BMO’s distributions are promising, conducting due diligence in alignment with personal investment goals and the broader economic climate remains essential for optimizing portfolio performance.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
TORONTO , April 22, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the April 2025 cash distribution for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on April 29, 2025 will receive cash distributions payable on May 2, 2025 .
The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is April 29, 2025 .
Details of the per unit cash distribution amount are as follows:
Monthly Distributions
FUND NAME | FUND TICKER | CASH DISTRIBUTION |
BMO Aggregate Bond Index ETF | ZAG | 0.040 |
BMO Canadian MBS Index ETF | ZMBS | 0.040 |
BMO Discount Bond Index ETF | ZDB | 0.030 |
BMO Emerging Markets Bond Hedged to CAD Index ETF | ZEF | 0.045 |
BMO Equal Weight Banks Index ETF | ZEB | 0.140 |
BMO Equal Weight REITs Index ETF | ZRE | 0.090 |
BMO Equal Weight Utilities Index ETF | ZUT | 0.075 |
BMO High Yield US Corporate Bond Hedged to CAD Index ETF | ZHY | 0.056 |
BMO High Yield US Corporate Bond Index ETF | ZJK | 0.090 |
BMO High Yield US Corporate Bond Index ETF (USD Units)* | ZJK.U | 0.085 |
BMO Laddered Preferred Share Index ETF | ZPR | 0.045 |
BMO Laddered Preferred Share Index ETF (USD Units)* | ZPR.U | 0.068 |
BMO Long Corporate Bond Index ETF | ZLC | 0.060 |
BMO Long Federal Bond Index ETF | ZFL | 0.033 |
BMO Long Provincial Bond Index ETF | ZPL | 0.040 |
BMO Mid Corporate Bond Index ETF | ZCM | 0.050 |
BMO Mid Federal Bond Index ETF | ZFM | 0.028 |
BMO Mid Provincial Bond Index ETF | ZMP | 0.034 |
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | ZMU | 0.042 |
BMO Mid-Term US IG Corporate Bond Index ETF | ZIC | 0.059 |
BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)* | ZIC.U | 0.042 |
BMO Real Return Bond Index ETF | ZRR | 0.057 |
BMO Short Corporate Bond Index ETF | ZCS | 0.038 |
BMO Short Federal Bond Index ETF | ZFS | 0.025 |
BMO Short Provincial Bond Index ETF | ZPS | 0.030 |
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | ZSU | 0.038 |
BMO US Aggregate Bond Index ETF | ZUAG | 0.060 |
BMO US Aggregate Bond Index ETF (Hedged Units) | ZUAG.F | 0.060 |
BMO US Aggregate Bond Index ETF (USD Units)* | ZUAG.U | 0.060 |
BMO US Preferred Share Hedged to CAD Index ETF | ZHP | 0.090 |
BMO US Preferred Share Index ETF | ZUP | 0.100 |
BMO US Preferred Share Index ETF (USD Units)* | ZUP.U | 0.098 |
BMO Balanced ETF (Fixed Percentage Distribution Units) | ZBAL.T | 0.155 |
BMO Canadian Dividend ETF | ZDV | 0.070 |
BMO Canadian High Dividend Covered Call ETF | ZWC | 0.100 |
BMO Covered Call Canadian Banks ETF | ZWB | 0.110 |
BMO Covered Call Canadian Banks ETF (USD Units)* | ZWB.U | 0.140 |
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF | ZWA | 0.130 |
BMO Covered Call Energy ETF | ZWEN | 0.220 |
BMO Covered Call Health Care ETF | ZWHC | 0.160 |
BMO Covered Call Technology ETF | ZWT | 0.220 |
BMO Covered Call US Banks ETF | ZWK | 0.145 |
BMO Covered Call Utilities ETF | ZWU | 0.070 |
BMO Europe High Dividend Covered Call ETF | ZWP | 0.105 |
BMO Europe High Dividend Covered Call Hedged to CAD ETF | ZWE | 0.120 |
BMO Floating Rate High Yield ETF | ZFH | 0.070 |
BMO Global High Dividend Covered Call ETF | ZWG | 0.175 |
BMO Growth ETF (Fixed Percentage Distribution Units) | ZGRO.T | 0.180 |
BMO International Dividend ETF | ZDI | 0.080 |
BMO International Dividend Hedged to CAD ETF | ZDH | 0.080 |
BMO Monthly Income ETF | ZMI | 0.070 |
BMO Monthly Income ETF (USD Units)* | ZMI.U | 0.120 |
BMO Premium Yield ETF | ZPAY | 0.200 |
BMO Premium Yield ETF (Hedged Units) | ZPAY.F | 0.175 |
BMO Premium Yield ETF (USD Units) * | ZPAY.U | 0.180 |
BMO Ultra Short-Term Bond ETF | ZST | 0.120 |
BMO Ultra Short-Term US Bond ETF (USD Units)* | ZUS.U | 0.180 |
BMO USD Cash Management ETF | ZUCM | 0.110 |
BMO USD Cash Management ETF (USD Units)* | ZUCM.U | 0.105 |
BMO US Dividend ETF | ZDY | 0.070 |
BMO US Dividend ETF (USD Units)* | ZDY.U | 0.050 |
BMO US Dividend Hedged to CAD ETF | ZUD | 0.045 |
BMO US High Dividend Covered Call ETF | ZWH | 0.130 |
BMO US High Dividend Covered Call ETF (USD Units)* | ZWH.U | 0.125 |
BMO US High Dividend Covered Call Hedged to CAD ETF | ZWS | 0.105 |
BMO US Put Write ETF | ZPW | 0.125 |
BMO US Put Write ETF (USD Units)* | ZPW.U | 0.125 |
BMO US Put Write Hedged to CAD ETF | ZPH | 0.120 |
BMO Global Enhanced Income Fund (ETF Series) | ZWQT | 0.085 |
BMO Global Dividend Opportunities Fund (Active ETF Series) | BGDV | 0.034 |
BMO Global REIT Fund (Active ETF Series) | BGRT | 0.055 |
BMO Money Market Fund (ETF Series) | ZMMK | 0.150 |
BMO Global Infrastructure Fund (Active ETF Series) | BGIF | 0.050 |
*Cash distribution per unit ($) amounts are USD for ZJK.U, ZPR.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZMI.U, ZPAY.U, ZUS.U, ZUCM.U, ZDY.U, ZWH.U, and ZPW.U.
Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmoetfs.com .
Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the applicable ETF Facts document or prospectus before investing. BMO ETFs and ETF Series of the BMO Mutual 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 or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the simplified prospectus. Units of the BMO ETFs and ETF Series securities of the BMO Mutual Funds may be bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. 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 ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.
"BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in?North America?by assets, with total assets of?$1.5 trillion as of?January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across?Canada,?the United States , and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life , BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
SOURCE BMO Financial Group
FAQ**
What factors influenced BMO's decision to set the cash distribution amounts for ETFs like BMO US High Dividend Covered Call ETF ZWH:CC at $0.130 per unit for April 2025?
How does the cash distribution of BMO US High Dividend Covered Call ETF ZWH:CC compare with prior months, and what might this indicate about potential market trends or changes in the fund's strategy?
Can you explain the impact of the recorded date of April 29, 2025, on unitholders of BMO US High Dividend Covered Call ETF ZWH:CC and any trading strategies they should consider ahead of this date?
In what ways could the cash distribution patterns of BMO US High Dividend Covered Call ETF ZWH:CC affect investor sentiment and demand for this ETF in the coming months?
4. What are the long-term distribution trends for BMO Premium Yield ETF ZPAY:CC, and how might they influence investor sentiment and decisions in the context of changing market conditions?
**MWN-AI FAQ is based on asking OpenAI questions about Bmo Us Preferred Share Hedged To Cad Index Etf (TSXC: ZHP:CC).
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