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Overview

Fund Profile

Key Facts

Fund Ticker ZTL
Net Assets (Mn)
(Mar 22, 2019)
$ 10.28
Base Currency CAD
Closing Market Price $ 52.71
12-Month Low/High (Market Price) $ 45.86 / $ 52.71
Closing NAV Price
(Mar 22, 2019)
$ 52.7277
12-Month Low/High (Price (NAV)) $ 45.9303 / $ 52.7277
Weighted Average Term (Years) 25.08
Weighted Average Coupon (%) 3.31%
Annualized Distribution Yield
(Mar 15, 2019)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

2.82%
Weighted Average Yield to Maturity (%)

Weighted Average Yield to Maturity: The market value weighted average yield to maturity includes the coupon payments and any capital gain or loss that the investor will realize by holding the bonds to maturity.

2.96%
Weighted Average Duration (Years) 17.51
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.23%
Market Volume 59,325
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 28, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 195
Index Bloomberg Barclays U.S. Long Treasury Bond Index
Exchange NEO
CUSIP 05582Y100
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Long-Term US Treasury Bond Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg Barclays U.S. Long Treasury Bond Index, net of expenses. The Fund invests in a variety of U.S. Treasuries primarily with a term to maturity greater than ten years.

Benchmark

The Bloomberg Barclays U.S. Long Treasury Bond Index consists of U.S. Treasury bonds denominated in Canadian dollars, with an effective term to maturity greater than ten years and greater than $250 million shares outstanding. Each security in the index is weighted by its relative market capitalization and rebalanced on a monthly basis.

Fund Benefits

  • Designed for investors looking for consistent income
  • Invested in a diversified portfolio of US Treasury bonds
  • Includes bonds with greater than 10 years to maturity
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Mar 22, 2019)
$ 10.28
Market Price $ 52.71
12-Month Low/High (Market Price) $ 45.86 / $ 52.71
Price (NAV) $ 52.7277
12-Month Low/High (Price (NAV)) $ 45.9303 / $ 52.7277
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 52.71 $ 0.92 1.78%
Price (NAV) $ 52.7277 $ 1.0041 1.94%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 6.47% 0.90% - - - 0.90%
Index 6.88% 1.65% - - - 1.65%
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2019

YTD 2018 2017
NAV -4.46% 6.84% -0.27%
Index -4.11% 7.00% 0.70%
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 28, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -4.46% -1.57% 3.72% 1.63% 6.47% 1.80% - - - 1.80%
Index -4.11% -0.94% 3.92% 1.55% 6.88% 3.32% - - - 3.32%

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Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

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Distribution Period

Future distribution dates may change without any prior notice.

Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Total Distribution Per Unit
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.350000 0.000000 0.350000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 - - -
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Mar 22, 2019

Fixed Income

99.75%

Cash and Cash Equivalents

0.25%

Number of Holdings

50

Total Net Assets

$ 10,281,905.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.76% UNITED STATES TREASURY NOTE/BOND 3.75% 15Nov43 US912810RD28 319,000 USD 3.75 11/15/2043 503,181 - Fixed Income
3.68% UNITED STATES TREASURY NOTE/BOND 3.625% 15Feb44 US912810RE01 321,000 USD 3.63 02/15/2044 492,586 - Fixed Income
3.43% UNITED STATES TREASURY NOTE/BOND 3% 15May45 US912810RM27 330,000 USD 3.00 05/15/2045 459,932 - Fixed Income
3.42% UNITED STATES TREASURY NOTE/BOND 3.375% 15May44 US912810RG58 308,000 USD 3.38 05/15/2044 457,488 - Fixed Income
3.40% UNITED STATES TREASURY NOTE/BOND 3.375% 15Nov48 US912810SE91 305,000 USD 3.38 11/15/2048 456,050 - Fixed Income
3.31% UNITED STATES TREASURY NOTE/BOND 3% 15Nov44 US912810RJ97 318,000 USD 3.00 11/15/2044 443,025 - Fixed Income
3.30% UNITED STATES TREASURY NOTE/BOND 2.875% 15May43 US912810RB61 324,000 USD 2.88 05/15/2043 441,853 - Fixed Income
3.24% UNITED STATES TREASURY NOTE/BOND 2.875% 15Aug45 US912810RN00 321,000 USD 2.88 08/15/2045 433,709 - Fixed Income
3.24% UNITED STATES TREASURY NOTE/BOND 3% 15Nov45 US912810RP57 311,000 USD 3.00 11/15/2045 433,519 - Fixed Income
3.18% UNITED STATES TREASURY NOTE/BOND 2.5% 15May46 US912810RS96 338,000 USD 2.50 05/15/2046 426,297 - Fixed Income
3.14% UNITED STATES TREASURY NOTE/BOND 3% 15Aug48 US912810SD19 305,000 USD 3.00 08/15/2048 420,913 - Fixed Income
2.98% UNITED STATES TREASURY NOTE/BOND 3% 15Feb47 US912810RV26 289,000 USD 3.00 02/15/2047 399,802 - Fixed Income
2.91% UNITED STATES TREASURY NOTE/BOND 3.875% 15Aug40 US912810QK79 245,000 USD 3.88 08/15/2040 389,981 - Fixed Income
2.84% UNITED STATES TREASURY NOTE/BOND 2.75% 15Nov47 US912810RZ30 288,000 USD 2.75 11/15/2047 381,061 - Fixed Income
2.84% UNITED STATES TREASURY NOTE/BOND 3.125% 15May48 US912810SC36 267,000 USD 3.13 05/15/2048 380,360 - Fixed Income
2.83% UNITED STATES TREASURY NOTE/BOND 2.875% 15Nov46 US912810RU43 279,000 USD 2.88 11/15/2046 379,326 - Fixed Income
2.77% UNITED STATES TREASURY NOTE/BOND 2.5% 15Feb45 US912810RK60 295,000 USD 2.50 02/15/2045 370,999 - Fixed Income
2.58% UNITED STATES TREASURY NOTE/BOND 3% 15Feb48 US912810SA79 250,000 USD 3.00 02/15/2048 344,959 - Fixed Income
2.52% UNITED STATES TREASURY NOTE/BOND 3.125% 15Aug44 US912810RH32 239,000 USD 3.13 08/15/2044 337,847 - Fixed Income
2.51% UNITED STATES TREASURY NOTE/BOND 2.75% 15Aug47 US912810RY64 256,000 USD 2.75 08/15/2047 336,440 - Fixed Income
2.36% UNITED STATES TREASURY NOTE/BOND 3.125% 15Feb43 US912810QZ49 224,000 USD 3.13 02/15/2043 316,736 - Fixed Income
2.32% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug46 US912810RT79 262,000 USD 2.25 08/15/2046 311,318 - Fixed Income
2.29% UNITED STATES TREASURY NOTE/BOND 2.75% 15Nov42 US912810QY73 230,000 USD 2.75 11/15/2042 307,348 - Fixed Income
2.21% UNITED STATES TREASURY NOTE/BOND 3% 15May47 US912810RX81 213,000 USD 3.00 05/15/2047 296,460 - Fixed Income
2.14% UNITED STATES TREASURY NOTE/BOND 3.625% 15Aug43 US912810RC45 187,000 USD 3.63 08/15/2043 286,840 - Fixed Income
2.04% UNITED STATES TREASURY NOTE/BOND 2.5% 15Feb46 US912810RQ31 218,000 USD 2.50 02/15/2046 273,294 - Fixed Income
1.86% UNITED STATES TREASURY NOTE/BOND 2.75% 15Aug42 US912810QX90 188,000 USD 2.75 08/15/2042 249,716 - Fixed Income
1.77% UNITED STATES TREASURY NOTE/BOND 3.75% 15Aug41 US912810QS06 152,000 USD 3.75 08/15/2041 237,549 - Fixed Income
1.72% UNITED STATES TREASURY NOTE/BOND 3.5% 15Feb39 US912810QA97 152,000 USD 3.50 02/15/2039 230,223 - Fixed Income
1.59% UNITED STATES TREASURY NOTE/BOND 4.25% 15Nov40 US912810QL52 126,000 USD 4.25 11/15/2040 212,775 - Fixed Income
1.56% UNITED STATES TREASURY NOTE/BOND 4.625% 15Feb40 US912810QE10 119,000 USD 4.63 02/15/2040 208,899 - Fixed Income
1.46% UNITED STATES TREASURY NOTE/BOND 3% 15May42 US912810QW18 140,000 USD 3.00 05/15/2042 195,798 - Fixed Income
1.45% UNITED STATES TREASURY NOTE/BOND 4.25% 15May39 US912810QB70 115,000 USD 4.25 05/15/2039 193,928 - Fixed Income
1.41% UNITED STATES TREASURY NOTE/BOND 4.375% 15Nov39 US912810QD37 110,000 USD 4.38 11/15/2039 188,521 - Fixed Income
1.40% UNITED STATES TREASURY NOTE/BOND 3.125% 15Feb42 US912810QU51 132,000 USD 3.13 02/15/2042 187,231 - Fixed Income
1.33% UNITED STATES TREASURY NOTE/BOND 4.5% 15Aug39 US912810QC53 103,000 USD 4.50 08/15/2039 177,896 - Fixed Income
1.14% UNITED STATES TREASURY NOTE/BOND 4.75% 15Feb37 US912810PT97 87,000 USD 4.75 02/15/2037 152,920 - Fixed Income
0.96% UNITED STATES TREASURY NOTE/BOND 4.375% 15May40 US912810QH41 75,000 USD 4.38 05/15/2040 128,692 - Fixed Income
0.95% UNITED STATES TREASURY NOTE/BOND 4.5% 15Feb36 US912810FT08 75,000 USD 4.50 02/15/2036 127,302 - Fixed Income
0.90% UNITED STATES TREASURY NOTE/BOND 6.25% 15May30 US912810FM54 65,000 USD 6.25 05/15/2030 121,123 - Fixed Income
0.80% UNITED STATES TREASURY NOTE/BOND 4.5% 15May38 US912810PX00 62,000 USD 4.50 05/15/2038 107,596 - Fixed Income
0.78% UNITED STATES TREASURY NOTE/BOND 5.375% 15Feb31 US912810FP85 60,000 USD 5.38 02/15/2031 104,839 - Fixed Income
0.77% UNITED STATES TREASURY NOTE/BOND 3% 15Feb49 US912810SF66 75,000 USD 3.00 02/15/2049 103,549 - Fixed Income
0.53% UNITED STATES TREASURY NOTE/BOND 3.125% 15Nov41 US912810QT88 50,000 USD 3.13 11/15/2041 71,519 - Fixed Income
0.53% UNITED STATES TREASURY NOTE/BOND 4.75% 15Feb41 US912810QN19 40,000 USD 4.75 02/15/2041 71,535 - Fixed Income
0.52% UNITED STATES TREASURY NOTE/BOND 5% 15May37 US912810PU60 38,000 USD 5.00 05/15/2037 69,466 - Fixed Income
0.51% UNITED STATES TREASURY NOTE/BOND 4.375% 15May41 US912810QQ40 40,000 USD 4.38 05/15/2041 68,807 - Fixed Income
0.27% UNITED STATES TREASURY NOTE/BOND 6.125% 15Aug29 US912810FJ26 20,000 USD 6.13 08/15/2029 36,013 - Fixed Income
0.25% UNITED STATES TREASURY NOTE/BOND 4.375% 15Feb38 US912810PW27 20,000 USD 4.38 02/15/2038 33,856 - Fixed Income
0.25% CASH - 1 CAD - - 34,113 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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