BMO Discount Bond Index ETF Review (ZDB) 2024
Wealth Awesome Rating: 80/100
This fixed income ETF has an MER of 0.23%. With lower than average fees, it’s a cost-effective option. Managing 132 million in assets, it’s widely trusted by investors. Suitable for those preferring stability with a low to medium risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
ZDB trades on the TSX exchange.
Looking to invest in fixed income? Consider an fixed income ETF as an easy way to get access. The BMO Discount Bond Index (ZDB) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
What is the BMO Discount Bond Index ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.23%. This ETF trades on the TSX exchange.ZDB stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $132MM
Expense Ratio: 0.23%
Price: $14.67 (Updated: 3/7/2024)
BMO Discount Bond Index (ZDB) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 8.44114 |
| Consumer Cyclicals | 0 | 4.75016 |
| Financial Services | 0 | 36.13461 |
| Real Estate | 0 | 6.18468 |
| Communication Services | 0 | 4.55358 |
| Energy | 0 | 19.99227 |
| Industrials | 0 | 11.8791 |
| Technology | 0 | 1.73595 |
| Consumer Defensive | 0 | 1.46712 |
| Healthcare | 0 | 0.04268 |
| Utilities | 0 | 4.81871 |
BMO Discount Bond Index (ZDB) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 0 | 8.44114 |
| Consumer Cyclicals | 0 | 4.75016 |
| Financial Services | 0 | 36.13461 |
| Real Estate | 0 | 6.18468 |
| Communication Services | 0 | 4.55358 |
| Energy | 0 | 19.99227 |
| Industrials | 0 | 11.8791 |
| Technology | 0 | 1.73595 |
| Consumer Defensive | 0 | 1.46712 |
| Healthcare | 0 | 0.04268 |
| Utilities | 0 | 4.81871 |
BMO Discount Bond Index (ZDB) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 0 | 99.574 |
| United Kingdom | 0 | 0.3908 |
| Europe Developed | 0 | 0.017 |
| Europe Emerging | 0 | 0 |
| Africa/Middle East | 0 | 0 |
| Japan | 0 | 0 |
| Australasia | 0 | 0 |
| Asia Developed | 0 | 0 |
| Asia Emerging | 0 | 0.006 |
| Latin America | 0 | 0.012 |
ZDB Management Expense Ratio
ZDB has a management expense ratio of 0.23% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.How to Buy BMO Discount Bond Index TSX ETF
You can buy ZDB on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
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