BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for October 2025
MWN-AI** Summary
BMO Financial Group recently announced the cash distributions for its exchange-traded funds (ETFs) and the ETF series of BMO Mutual Funds for October 2025. This announcement reflects BMO's ongoing commitment to providing consistent income for its unitholders. Cash distributions will be granted to unitholders recorded on October 30, 2025, and will be payable on November 4, 2025. The ex-dividend date for all BMO ETFs and associated ETF series is also set for October 30.
The cash distributions vary by fund and reflect the operational results and investment strategies of individual ETFs. For instance, the BMO Aggregate Bond Index ETF (ZAG) will distribute $0.040 per unit, while the BMO Equal Weight Banks Index ETF (ZEB) offers a notably higher distribution of $0.145 per unit. Similarly, the BMO Covered Call Technology ETF (ZWT) stands out with a generous distribution of $0.245 per unit.
BMO's robust range of ETFs includes various options such as corporate bonds, preferred shares, and high-dividend funds, catering to diverse investor needs. Different funds also cater to various markets, including U.S. and Canadian equities, providing unitholders with opportunities for both income and growth across multiple asset classes.
Investors are reminded that the distributions are not guaranteed and may fluctuate based on market conditions. Moreover, it is essential for unitholders to consider how these distributions may affect their personal tax situations, as distributions of net income and taxable gains will be included in unitholders' income for tax purposes in the year they are paid. For more information, BMO encourages interested investors to visit its dedicated ETF platform and consult the respective prospectus for detailed insights.
MWN-AI** Analysis
In light of BMO's recent announcement regarding cash distributions for various ETFs and ETF Series of mutual funds in October 2025, investors should carefully consider both the implications of these distributions and overall market conditions.
The cash distributions range across different funds, with highlights including substantial payouts from high-yield products such as the BMO Covered Call Energy ETF (ZWEN) and the BMO Covered Call Technology ETF (ZWT), both of which offer notable income generation potential. These distributions may be appealing for income-focused investors, especially in a low-interest-rate environment where traditional fixed-income yields remain constrained.
It’s essential to assess how these distributions align with your investment strategy and risk tolerance. The yields, while attractive, should not overshadow the underlying performance of the funds. For instance, if a fund’s distribution is significantly higher than its performance, it may indicate potential issues with capital preservation or fund management.
Market experts also caution investors to remain vigilant of macroeconomic factors, such as interest rate changes, inflation, and geopolitical tensions that could impact asset values. The bond market, a significant component of many BMO ETFs, has been particularly sensitive to interest rate fluctuations; thus, diversifying across asset classes can mitigate risks.
Investors should keep abreast of tax implications as well. Distributions are taxable in the year they are received, which may affect your annual tax liability—especially for funds like the BMO Ultra Short-Term Bond ETF (ZST).
In conclusion, BMO’s distribution announcement offers an opportunity, but potential investors must conduct thorough due diligence, assessing their individual investment goals and external market factors. Engaging with a financial adviser could provide tailored insights, especially when navigating the evolving landscape of ETFs and mutual funds.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
TORONTO, Oct. 23, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the October 2025 cash distributions for unitholders of the BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on October 30, 2025, will receive cash distributions payable on November 4, 2025.
The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is October 30, 2025.
Details of the per unit cash distribution amount are as follows:
Monthly Distributions
FUND NAME | FUND TICKER | CASH DISTRIBUTION PER UNIT $ |
BMO Aggregate Bond Index ETF | ZAG | 0.040 |
BMO Canadian MBS Index ETF | ZMBS | 0.073 |
BMO Discount Bond Index ETF | ZDB | 0.025 |
BMO Emerging Markets Bond Hedged to CAD Index ETF | ZEF | 0.045 |
BMO Equal Weight Banks Index ETF | ZEB | 0.145 |
BMO Equal Weight REITs Index ETF | ZRE | 0.090 |
BMO Equal Weight Utilities Index ETF | ZUT | 0.070 |
BMO High Yield US Corporate Bond Hedged to CAD Index ETF | ZHY | 0.059 |
BMO High Yield US Corporate Bond Index ETF | ZJK | 0.101 |
BMO High Yield US Corporate Bond Index ETF (USD Units)* | ZJK.U | 0.090 |
BMO Laddered Preferred Share Index ETF | ZPR | 0.056 |
BMO Laddered Preferred Share Index ETF (USD Units)* | ZPR.U | 0.089 |
BMO Long Corporate Bond Index ETF | ZLC | 0.060 |
BMO Long Federal Bond Index ETF | ZFL | 0.030 |
BMO Long Provincial Bond Index ETF | ZPL | 0.037 |
BMO Mid Corporate Bond Index ETF | ZCM | 0.055 |
BMO Mid Federal Bond Index ETF | ZFM | 0.030 |
BMO Mid Provincial Bond Index ETF | ZMP | 0.035 |
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | ZMU | 0.047 |
BMO Mid-Term US IG Corporate Bond Index ETF | ZIC | 0.069 |
BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)* | ZIC.U | 0.050 |
BMO Real Return Bond Index ETF | ZRR | 0.050 |
BMO Short Corporate Bond Index ETF | ZCS | 0.045 |
BMO Short Federal Bond Index ETF | ZFS | 0.030 |
BMO Short Provincial Bond Index ETF | ZPS | 0.030 |
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | ZSU | 0.045 |
BMO US Aggregate Bond Index ETF | ZUAG | 0.074 |
BMO US Aggregate Bond Index ETF (Hedged Units) | ZUAG.F | 0.068 |
BMO US Aggregate Bond Index ETF (USD Units)* | ZUAG.U | 0.070 |
BMO US Preferred Share Hedged to CAD Index ETF | ZHP | 0.090 |
BMO US Preferred Share Index ETF | ZUP | 0.110 |
BMO US Preferred Share Index ETF (USD Units)* | ZUP.U | 0.100 |
BMO Balanced ETF (Fixed Percentage Distribution Units) | ZBAL.T | 0.050 |
BMO Canadian Dividend ETF | ZDV | 0.070 |
BMO Canadian High Dividend Covered Call ETF | ZWC | 0.105 |
BMO Covered Call Canadian Banks ETF | ZWB | 0.120 |
BMO Covered Call Canadian Banks ETF (USD Units)* | ZWB.U | 0.140 |
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF | ZWA | 0.130 |
BMO Covered Call Energy ETF | ZWEN | 0.220 |
BMO Covered Call Health Care ETF | ZWHC | 0.160 |
BMO Covered Call Technology ETF | ZWT | 0.245 |
BMO Covered Call US Banks ETF | ZWK | 0.145 |
BMO Covered Call Utilities ETF | ZWU | 0.070 |
BMO Europe High Dividend Covered Call ETF | ZWP | 0.105 |
BMO Europe High Dividend Covered Call Hedged to CAD ETF | ZWE | 0.120 |
BMO Floating Rate High Yield ETF | ZFH | 0.065 |
BMO Global High Dividend Covered Call ETF | ZWG | 0.175 |
BMO Growth ETF (Fixed Percentage Distribution Units) | ZGRO.T | 0.060 |
BMO International Dividend ETF | ZDI | 0.080 |
BMO International Dividend Hedged to CAD ETF | ZDH | 0.080 |
BMO Monthly Income ETF | ZMI | 0.070 |
BMO Monthly Income ETF (USD Units)* | ZMI.U | 0.040 |
BMO Premium Yield ETF | ZPAY | 0.200 |
BMO Premium Yield ETF (Hedged Units) | ZPAY.F | 0.175 |
BMO Premium Yield ETF (USD Units)* | ZPAY.U | 0.180 |
BMO Ultra Short-Term Bond ETF | ZST | 0.101 |
BMO Ultra Short-Term US Bond ETF (USD Units)* | ZUS.U | 0.164 |
BMO USD Cash Management ETF | ZUCM | 0.103 |
BMO USD Cash Management ETF (USD Units)* | ZUCM.U | 0.100 |
BMO US Dividend ETF | ZDY | 0.070 |
BMO US Dividend ETF (USD Units)* | ZDY.U | 0.050 |
BMO US Dividend Hedged to CAD ETF | ZUD | 0.045 |
BMO US High Dividend Covered Call ETF | ZWH | 0.130 |
BMO US High Dividend Covered Call ETF (USD Units)* | ZWH.U | 0.125 |
BMO US High Dividend Covered Call Hedged to CAD ETF | ZWS | 0.105 |
BMO US Put Write ETF | ZPW | 0.125 |
BMO US Put Write ETF (USD Units)* | ZPW.U | 0.125 |
BMO US Put Write Hedged to CAD ETF | ZPH | 0.120 |
BMO Global Enhanced Income Fund (ETF Series) | ZWQT | 0.085 |
BMO Global Dividend Opportunities Fund (Active ETF Series) | BGDV | 0.034 |
BMO Global REIT Fund (Active ETF Series) | BGRT | 0.055 |
BMO Money Market Fund (ETF Series) | ZMMK | 0.110 |
BMO Global Infrastructure Fund (Active ETF Series) | BGIF | 0.050 |
BMO AAA CLO ETF | ZAAA | 0.135 |
BMO AAA CLO ETF (Hedged Units) | ZAAA.F | 0.134 |
BMO AAA CLO ETF (USD Units)* | ZAAA.U | 0.134 |
BMO Canadian Core Plus US Balanced ETF | ZBCB | 0.060 |
BMO US Dividend Growth ETF | ZBDU | 0.070 |
BMO US Dividend Growth ETF (Hedged Units) | ZBDU.F | 0.070 |
BMO Covered Call Spread Gold Bullion ETF | ZWGD | 0.145 |
BMO BBB CLO ETF | ZBBZ | 0.160 |
BMO BBB CLO ETF (Hedged Units) | ZBBZ.F | 0.159 |
BMO BBB CLO ETF (USD Units)* | ZBBZ.U | 0.159 |
*Cash distribution per unit ($) amounts are USD for ZBBZ.U, ZAAA.U, ZJK.U, ZPR.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZMI.U, ZPAY.U, ZUS.U, ZUCM.U, ZDY.U, ZWH.U, ZPW.U, ZAAA.U, and ZBBZ.U. |
Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmoetfs.com.
Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the applicable ETF Facts document or prospectus before investing. BMO ETFs and ETF Series of the BMO Mutual Funds are not guaranteed, their values change frequently, and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the simplified prospectus. Units of the BMO ETFs and ETF Series securities of the BMO Mutual Funds may be bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. Distributions are not guaranteed and are subject to change and/or elimination.
Distributions are not guaranteed and may fluctuate. Distribution rates may change without notice (up or down) depending on market conditions. The payment of distributions should not be confused with an investment fund's performance, rate of return or yield. If distributions paid by an investment fund are greater than the performance of the fund, your original investment will shrink.
Distributions of net income and net taxable gains of a BMO ETF or an ETF Series of a BMO Mutual Fund will be included in the unitholder's income for tax purposes in the year they are paid, whether or not such amounts are reinvested in additional units. A unitholder's adjusted cost base will be reduced by the amount of any returns of capital. If a unitholder's adjusted cost base goes below zero, such unitholder will have to pay capital gains tax on the amount below zero. Please refer to the summary of the principal income tax considerations set out in the prospectus for the relevant BMO ETF or ETF Series of a BMO Mutual Fund. Investors should also consult their own tax advisors about their individual circumstances.
BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. The ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., an investment fund manager and a separate legal entity from Bank of Montreal.
"BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence.
About BMO Financial Group
BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
SOURCE BMO Financial Group
View original content: http://www.newswire.ca/en/releases/archive/October2025/23/c4606.html
FAQ**
How does the cash distribution for the BMO High Yield US Corporate Bond Index ETF ZJK.U:CC compare to previous distributions, and what factors could influence future distribution changes?
What are the tax implications for unitholders receiving cash distributions from the BMO High Yield US Corporate Bond Index ETF ZJK.U:CC?
Given the current market conditions, what is the outlook for the BMO High Yield US Corporate Bond Index ETF ZJK.U:CC for the upcoming year?
How do the cash distributions from the BMO High Yield US Corporate Bond Index ETF ZJK.U:CC affect its overall performance and yield for investors?
4. How often do distributions for the BMO Aggregate Bond Index ETF ZAG:CC fluctuate and what historical trends can investors look at for future projections?
**MWN-AI FAQ is based on asking OpenAI questions about Bmo Laddered Preferred Share Index Etf (TSXC: ZPR:CC).
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