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BMO Balanced ETF (ZBAL : TSX)

Global Neutral Balanced

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

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Close
(11-11-2024)
$40.41
Change
$0.03 (0.07%)
Open $40.55
Day Range $40.39 - $40.55
Volume 3,320

As at October 31, 2024

As at October 31, 2024

As at July 31, 2024

Period
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Legend

BMO Balanced ETF

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Fund Returns

Inception Return (February 15, 2019): 7.50%

Fund Returns
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 -0.28% 2.33% 9.62% 13.07% 23.22% 13.94% 5.26% 7.71% 7.11% - - - - -
Benchmark 0.21% 2.39% 9.50% 14.01% 22.16% 14.87% 4.91% 6.20% 6.36% 7.25% 6.28% 6.58% 6.60% 7.43%
Category Average -0.44% 7.82% 7.82% 10.43% 19.47% 11.21% 3.06% 6.10% 5.22% 5.85% 4.75% 5.15% 5.03% 4.93%
Category Rank 971 / 1,710 504 / 1,710 147 / 1,689 309 / 1,678 172 / 1,667 212 / 1,617 252 / 1,480 277 / 1,344 204 / 1,268 - - - - -
Quartile Ranking 3 2 1 1 1 1 1 1 1 - - - - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.74% 3.06% 0.44% 2.59% 2.22% -2.07% 2.74% 1.15% 3.08% 0.40% 2.21% -0.28%
Benchmark 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21%

Best Monthly Return Since Inception

7.03% (April 2020)

Worst Monthly Return Since Inception

-7.55% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - - - - 10.25% 10.32% -10.95% 12.48%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 7.77% 2.99% 5.05% 7.69% -3.99% 13.52% 7.16% 9.69% -11.26% 9.53%
Quartile Ranking - - - - - - 1 2 3 1
Category Rank - - - - - - 302/ 1,285 470/ 1,370 840/ 1,507 153/ 1,625

Best Calendar Return (Last 10 years)

12.48% (2023)

Worst Calendar Return (Last 10 years)

-10.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 29.28
Canadian Government Bonds 20.47
International Equity 16.48
Canadian Equity 14.94
Canadian Corporate Bonds 6.70
Other 12.13

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.42
Technology 14.57
Financial Services 12.36
Healthcare 4.83
Consumer Services 4.72
Other 25.10

Geographic Allocation

Geographic Allocation
Name Percent
North America 83.09
Europe 8.03
Asia 7.66
Latin America 0.67
Africa and Middle East 0.57
Other -0.02

Top Holdings

Top Holdings
Name Percent
BMO S&P 500 Index ETF (ZSP) 27.68
BMO Aggregate Bond Index ETF (ZAG) 27.32
BMO S&P/TSX Capped Composite Index ETF (ZCN) 15.33
BMO US Aggregate Bond Index ETF (Hdg) (ZUAG.F) 11.45
BMO MSCI EAFE Index ETF (ZEA) 10.85
BMO MSCI Emerging Markets Index ETF (ZEM) 4.92
BMO S&P US Mid Cap Index ETF (ZMID) 1.64
BMO S&P US Small Cap Index ETF (ZSML) 0.72
BMO Government Bond Index ETF (ZGB) 0.06
BMO Mid-Term U.S. IG Corp Bond Hedged to CAD (ZMU) 0.03

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

BMO Balanced ETF

Median

Other - Global Neutral Balanced

3 Yr Annualized

Standard Deviation 9.86% 9.84% -
Beta 1.05% 1.13% -
Alpha 0.00% 0.00% -
Rsquared 0.92% 0.89% -
Sharpe 0.22% 0.52% -
Sortino 0.40% 0.66% -
Treynor 0.02% 0.05% -
Tax Efficiency 81.44% - -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.94% 9.86% 9.84% -
Beta 1.11% 1.05% 1.13% -
Alpha -0.01% 0.00% 0.00% -
Rsquared 0.91% 0.92% 0.89% -
Sharpe 2.40% 0.22% 0.52% -
Sortino 7.69% 0.40% 0.66% -
Treynor 0.15% 0.02% 0.05% -
Tax Efficiency 95.42% 81.44% - -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date February 15, 2019
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $255
52 Week High $40.55
52 Week Low $33.74
Annual Dividend $0.88
Annual Yield -
Index -
Shares Outstanding -
Registered Plan Eligible Yes

ETF Characteristics

Exposure 1x performance
Asset Class High -
Asset Class Medium -
Asset Class Low -
Leveraged -
Inverse -
Advisor Series -
Covered Call Strategy No

Investment Objectives

Seeks to provide a balance of income and potential for long-term capital appreciation, primarily by investing in ETFs that provide exposure to a diversified portfolio of global equity and fixed income securities.

Investment Strategy

BMO Balanced ETF will employ a strategic asset allocation strategy and is expected to primarily invest in other BMO ETFs. The BMO ETF’s asset class weightings will be approximately 60% in equity securities and 40% in fixed income securities. As an alternative to or in conjunction with investing directly in ETFs, exposure may be obtained by investing directly in equity and fixed income securities, in mutual funds and/or in derivative instruments.

Portfolio Manager(s)

Name Start Date
Sadiq S. Adatia, CFA 10-06-2021

Management and Organization

Fund Manager BMO Asset Management Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor -
Auditor PriceWaterhouseCoopers LLP

Fees

MER 0.20%
Management Fee 0.18%

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