Wealth Awesome Rating: 67/100
This equity ETF has an MER of 0.63%. With higher than average fees, it’s a premium option. Managing 92 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.
ZMI trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Monthly Income (ZMI) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.
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What is the BMO Monthly Income ETF
A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.63%. This ETF trades on the TSX exchange.ZMI stock price and other stats
ETF Key Stats
Exchange: TSX
Assets Under Management: $92MM
Expense Ratio: 0.63%
Price: $16.49 (Updated: 3/7/2024)
BMO Monthly Income (ZMI) Top 10 Holdings
| Company Name | Symbol | Assets % |
|---|---|---|
| BMO Corporate Bond ETF | ZCB | 24.62003 |
| BMO US Dividend ETF (CAD) | ZDY | 18.26889 |
| BMO Global High Dividend Cvrd Call ETF | ZWG | 15.01239 |
| BMO Canadian Dividend ETF | ZDV | 12.83178 |
| BMO MT US IG Corp Bd Hdgd to CAD ETF | ZMU | 10.56675 |
| ZDI | ZDI | 8.60877 |
| BMO Premium Yield ETF Hedged | ZPAY | 5.21831 |
| BMO US Preferred Sh Hgd CAD ETF | ZHP | 4.69974 |
BMO Monthly Income (ZMI) Breakdown by Market Cap
| Category | Value |
|---|---|
| Mega | 25.87387 |
| Big | 28.31476 |
| Medium | 3.01962 |
| Small | 0.0647 |
| Micro | 0 |
BMO Monthly Income (ZMI) Sector Breakdown
| Sector | Equity % | Relative to Category |
|---|---|---|
| Basic Materials | 4.07599 | 4.36462 |
| Consumer Cyclicals | 8.16204 | 9.42557 |
| Financial Services | 22.86074 | 19.51306 |
| Real Estate | 0.66765 | 3.57042 |
| Communication Services | 5.69955 | 5.72308 |
| Energy | 7.59661 | 6.84132 |
| Industrials | 10.35304 | 13.12329 |
| Technology | 13.96871 | 17.95471 |
| Consumer Defensive | 8.19577 | 6.92891 |
| Healthcare | 13.06729 | 10.01541 |
| Utilities | 5.35262 | 2.53962 |
BMO Monthly Income (ZMI) Geographic Breakdown
| Region | Equity % | Relative to Category |
|---|---|---|
| North America | 78.19 | 75.198 |
| United Kingdom | 3.27095 | 4.22804 |
| Europe Developed | 13.074 | 11.332 |
| Europe Emerging | 0 | 0.05 |
| Africa/Middle East | 0 | 0.308 |
| Japan | 3.553 | 3.822 |
| Australasia | 1.122 | 0.862 |
| Asia Developed | 0.791 | 2.039 |
| Asia Emerging | 0 | 1.525 |
| Latin America | 0 | 0.635 |
ZMI Management Expense Ratio
ZMI has a management expense ratio of 0.63% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.How to Buy BMO Monthly Income TSX ETF
You can buy ZMI 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 |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |
