ZBAL: BMO Balanced ETF

At a glance

Target mix: 60% stocks / 40% bonds
Total assets: $645.2M as of Jul 31, 2026
Management fee (current): 0.15%
Total fund costs (reported): 0.21%

Overview

The BMO Balanced ETF is the 60% stock option in the BMO ETFs asset-allocation suite. Start with the asset allocation you can hold through changing markets, then compare funds built for that target. It uses broad BMO index ETFs and rebalances quarterly. Its U.S. aggregate bond sleeve uses hedged units, but the reviewed sources do not disclose a portfolio-level hedge target or identify its equity sleeves as hedged.

Its current management fee fell to 0.15% after the close of business on June 6, 2025. The latest complete, period-matched disclosure is a 0.20% management expense ratio (MER) and 0.01% trading expense ratio (TER) for the period ended June 30, 2025, so the ratio pair predates the current fee. The July 31, 2026 net-assets figure measures fund size rather than exchange trading liquidity. Distributions are scheduled quarterly, which does not measure performance.

Portfolio and costs

Target allocation

Stocks: 60%
Fixed income: 40%The strategic asset-allocation mix targets 60% equity and 40% fixed income.

Costs

Management fee (current): 0.15%The annual management fee fell from 0.18% to 0.15% after the close of business on June 6, 2025.
Management expense ratio (MER): 0.2%
Trading expense ratio (TER): 0.01%
Total fund costs (reported): 0.21%MER + TER. The complete period-matched disclosure totals 0.21% and predates the current 0.15% management fee. Period ended June 2025.

Fund facts

Ticker: TSX: ZBAL
Inception: February 12, 2019
Total assets: $645,190,000 CADBMO displays net assets as $645.19 million; this CAD amount preserves the source's two-decimal-million precision.
Distributions: QuarterlyThe ETF schedules distributions quarterly in March, June, September, and December; distributions are not guaranteed.

How the portfolio is managed

Construction: A fund of funds investing in broad indexed BMO equity and fixed-income ETFs for global exposure; its management fee is reduced by fees accrued in the underlying funds.
Rebalancing: The ETF rebalances quarterly to its strategic index asset-allocation weights.
Currency hedging: The target portfolio identifies its U.S. aggregate bond sleeve as hedged units. The reviewed sources do not disclose a portfolio-level hedge target or identify the equity sleeves as hedged.