VS
Compare BMO Mid Provincial Bond Index ETF (ZMP) vs BMO Long Provincial Bond Index ETF (ZPL) to find the best fit for your portfolio. ZMP provides Municipal exposures, while ZPL is primarily weighted in Municipal and Power. When evaluating costs, ZMP features a management fee (MER) of 0.25%, compared to 0.25% for ZPL. Performance-wise, ZMP has returned 0.51% year-to-date with +$78 M in net flows, whereas ZPL is at 0.98% with -$95 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
ZMP
ZPL
| AuM | $794.37 M | $213.47 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.28% | 0.28% |
| Tracking Difference | - | - |
Historical performance and flows
As of May 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMP | +0.38% | -0.17% | +0.51% | +2.61% | +12.51% |
ZPL | +1.80% | +0.04% | +0.98% | +1.18% | +4.92% | |
| Flows | ZMP | +$34 M | +$19 M | +$78 M | +$405 M | +$502 M |
ZPL | -$131 M | -$114 M | -$95 M | -$84 M | +$22 M |
ZMP vs ZPL exposure
Countries
ZMP
Canada
100.00%
ZPL
Canada
100.00%
Sectors
ZMP
Municipal
96.45%
ZPL
Municipal
97.46%
As of May 1, 2026
Top 10 Holdings
ZMP
Province of Ontario, 3.65% 2jun2033, CAD (DMTN258)
11.39%
Province of Ontario, 3.6% 2jun2035, CAD
11.11%
Province of Quebec, 3.6% 1sep2033, CAD (B135)
10.59%
Province of Quebec, 3.25% 1sep2032, CAD (B131)
9.08%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
7.94%
Province of Quebec, 4.45% 1sep2034, CAD (B136)
6.67%
Province of Ontario, 4.15% 2jun2034, CAD (DMTN262)
5.11%
British Columbia, 4% 18jun2035, CAD (BCCD-48)
4.99%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
4.70%
British Columbia, 1.55% 18jun2031, CAD (BCCD-41)
3.90%
ZPL
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
8.68%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
7.83%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
7.69%
Province of Ontario, 2.8% 2jun2048, CAD (DMTN231)
6.93%
Province of Quebec, 3.5% 1dec2045, CAD (B112)
6.45%
Province of Quebec, 3.1% 1dec2051, CAD (B125-01)
6.40%
Province of Ontario, 3.5% 2jun2043, CAD (DMTN214)
5.21%
Province of Quebec, 4.25% 1dec2043, CAD (B106)
4.04%
Province of Ontario, 2.9% 2jun2049, CAD (DMTN236)
3.81%
Alberta, 3.3% 1dec2046, CAD
3.47%
Diversification
ZMP
Total weight of top 10 holdings out of 22 total
75.48%
ZPL
Total weight of top 10 holdings out of 40 total
60.51%
Characteristics
Compare
ZMP
ZPL
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Mid Term Provincial Bond TR Index - CAD | FTSE Canada Long Term Provincial Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.12% | 3.65% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | March 19, 2013 |
Frequently asked questions about ZMP and ZPL
Which ETF has performed better year to date: ZMP or ZPL?
As of May 1, 2026, ZMP has returned 0.51% year to date, while ZPL has returned 0.98%. ZPL is ahead on YTD performance.
Which ETF is larger by assets under management: ZMP or ZPL?
As of May 1, 2026, ZMP manages $794.37 M in assets, while ZPL manages $213.47 M. ZMP is the larger fund by AUM.
How are ZMP and ZPL managed?
ZMP is passively managed by BMO. It tracks the FTSE Canada Mid Term Provincial Bond TR Index - CAD benchmark. ZPL is passively managed by BMO. It tracks the FTSE Canada Long Term Provincial Bond TR Index - CAD benchmark.
What sectors do ZMP and ZPL emphasize?
ZMP is most exposed to Municipal. ZPL is most exposed to Municipal and Power.
Which ETF is attracting more investor flows: ZMP or ZPL?
Year to date, ZMP has seen +$77.75 M in net flows, compared with -$94.94 M for ZPL. ZMP has attracted more net investor money so far.
How do the fees of ZMP and ZPL compare?
ZMP has an expense ratio of 0.28%, while ZPL has an expense ratio of 0.28%.
What are the top holdings of ZMP and ZPL?
ZMP's largest holdings include Province of Ontario, 3.65% 2jun2033, CAD (DMTN258), Province of Ontario, 3.6% 2jun2035, CAD, and Province of Quebec, 3.6% 1sep2033, CAD (B135). ZPL's top holdings include Province of Ontario, 3.45% 2jun2045, CAD (DMTN220), Province of Ontario, 2.9% 2dec2046, CAD (DMTN228), and Province of Quebec, 3.5% 1dec2048, CAD (B117).
Which ETF is more diversified: ZMP or ZPL?
ZMP holds 20 securities, while ZPL holds 39. On holdings count, ZPL is the more diversified portfolio.
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