Description

This exchange-traded fund (ETF) from BMO seeks to replicate, as accurately as possible, the performance of the FTSE Canada Short Term Provincial Bond IndexTM, after accounting for its operational costs. The fund primarily allocates its investments to debt instruments with maturity periods generally falling between one and five years. The underlying securities within the index are typically issued or guaranteed by Canadian provincial governments, their various agencies, or other entities established or sponsored by these provincial authorities. Rather than distributing cash, this ETF provides a single, consolidated annual distribution that is automatically reinvested within the fund.