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BMO AAA CLO ETF C$ (ZAAA : NEO)
Global Fixed Income
|
Close (09-03-2026) |
$29.97 |
|---|---|
| Change |
-$0.12
(-0.40%)
|
| Open | $30.09 |
|---|---|
| Day Range | $29.96 - $30.09 |
| Volume | 23,195 |
As at July 31, 2026
As at July 31, 2026
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Fund Returns
Inception Return (April 30, 2025): 6.56%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | -0.78% | 4.45% | 5.21% | 4.82% | 6.12% | - | - | - | - | - | - | - | - | - |
| Benchmark | -1.94% | 1.77% | 1.27% | 1.01% | 2.43% | 3.26% | 4.84% | 3.42% | -0.03% | -1.24% | 0.35% | 1.14% | 1.41% | 0.70% |
| Category Average | -1.27% | -0.72% | -0.72% | -0.50% | 1.14% | 1.80% | 2.96% | 1.98% | -0.32% | -0.21% | 0.61% | 1.14% | 1.05% | 0.92% |
| Category Rank | 50 / 239 | 2 / 238 | 1 / 236 | 1 / 236 | 4 / 224 | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.37% | 1.78% | 1.20% | -0.10% | -1.24% | -0.37% | 0.50% | 1.97% | -1.71% | 1.93% | 3.28% | -0.78% |
| Benchmark | 0.81% | 2.14% | 0.41% | -0.23% | -1.70% | -0.25% | 1.83% | -0.86% | -1.43% | 1.42% | 2.33% | -1.94% |
Best Monthly Return Since Inception
3.28% (June 2026)
Worst Monthly Return Since Inception
-1.71% (April 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark | -1.36% | -0.08% | 7.82% | 1.45% | 7.03% | -6.05% | -10.83% | 2.72% | 6.80% | 3.01% |
| Category Average | 2.08% | 2.75% | -0.04% | 5.49% | 5.94% | -1.81% | -10.70% | 5.33% | 2.37% | 3.68% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
Best Calendar Return (Last 10 years)
-
Worst Calendar Return (Last 10 years)
-
Asset Allocation
| Name | Percent |
|---|---|
| Foreign Bonds - Other | 94.82 |
| Foreign Corporate Bonds | 4.70 |
| Cash and Equivalents | 0.49 |
| Other | -0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 98.23 |
| Exchange Traded Fund | 1.28 |
| Cash and Cash Equivalent | 0.48 |
| Other | 0.01 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| OCP CLO LTD OCP 2021 23A AR2 144A | 3.66 |
| MAGNETITE CLO LTD MAGNE 2026 55A A1 144A | 3.30 |
| VOYA CLO LTD VOYA 2024 1A A1AR 144A | 3.26 |
| AIMCO AIMCO 2026 27A A1 144A | 2.88 |
| DIAMETER CAPITAL CLO DCLO 2022 4A ARR 144A | 1.93 |
| AIMCO AIMCO 2025 23A A 144A | 1.93 |
| ARES CLO LTD ARES 2025 78A A1 144A | 1.83 |
| PIKES PEAK CLO PIPK 2025 18A A1 144A | 1.83 |
| CIFC FUNDING LTD CIFC 2023 3A A1R 144A | 1.83 |
| BENEFIT STREET PARTNERS CLO LT BSP 2026 49A A 144A | 1.70 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.27% | - | - | - |
| Beta | 0.73% | - | - | - |
| Alpha | 0.04% | - | - | - |
| Rsquared | 0.53% | - | - | - |
| Sharpe | 0.72% | - | - | - |
| Sortino | 1.09% | - | - | - |
| Treynor | 0.05% | - | - | - |
| Tax Efficiency | - | - | - | - |
Fund Details
| Start Date | April 30, 2025 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $67 |
| 52 Week High | $31.00 |
| 52 Week Low | $28.62 |
| Annual Dividend | $1.55 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | - |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
Investment Objectives
The BMO ETF’s objective is to provide income, while at the same time preserving capital, by investing, directly or indirectly, primarily in a diversified portfolio of AAA-rated CLOs of issuers outside of Canada. In respect of the Hedged Units, the BMO ETF will also invest in or use derivative instruments to seek to hedge U.S. currency exposure.
Investment Strategy
The BMO ETF pursues its investment objective by investing, under normal circumstances, at least 85% of its net assets in CLOs that, at the time of purchase, are rated AAA or the equivalent by a nationally recognized statistical rating organization. Under normal market conditions, the BMO ETF will seek to maintain a minimum of 85% of its portfolio in AAA-rated CLOs.
Portfolio Management
| Portfolio Manager |
BMO Global Asset Management
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
BMO Global Asset Management |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada |
| Distributor |
- |
Fees
| MER | 0.23% |
|---|---|
| Management Fee | 0.20% |
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