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Overview

Fund Profile

Key Facts

Fund Ticker ZTM.U
Net Assets (Mn)
(Mar 22, 2019)
$ 2.28
Base Currency USD
Closing Market Price $ 50.69
12-Month Low/High (Market Price) $ 47.97 / $ 50.69
Closing NAV Price
(Mar 22, 2019)
$ 50.7121
12-Month Low/High (Price (NAV)) $ 47.7470 / $ 50.7121
Weighted Average Term (Years) 7.03
Weighted Average Coupon (%) 2.44%
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.

2.07%
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.

2.50%
Weighted Average Duration (Years) 6.37
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.24%
Market Volume 3,800
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 28, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 45
Index Bloomberg Barclays U.S. Treasury 5 - 10 Year Bond Index
Exchange NEO
CUSIP 05583N202
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Mid-Term US Treasury Bond Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg Barclays U.S. Treasury 5 – 10 Year Bond Index, net of expenses. The Fund invests in a variety of U.S. Treasuries primarily with a term to maturity between five and ten years.

Benchmark Info

The Bloomberg Barclays U.S. Treasury 5 - 10 Year Bond Index consists of U.S. Treasury bonds denominated in Canadian dollars, with an effective term to maturity between five and 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 U.S. Treasury bonds
  • Includes bonds with five to ten 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)
$ 2.28
Market Price $ 50.69
12-Month Low/High (Market Price) $ 47.97 / $ 50.69
Price (NAV) $ 50.7121
12-Month Low/High (Price (NAV)) $ 47.7470 / $ 50.7121
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 50.69 $ 0.34 0.68%
Price (NAV) $ 50.7121 $ 0.3319 0.66%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.85% 1.08% - - - 1.08%
Index 4.17% 1.44% - - - 1.44%
Calendar Performance

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

YTD 2018 2017
NAV 0.24% 1.16% 0.76%
Index 0.35% 1.22% 1.31%
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 0.24% -0.39% 2.58% 2.63% 3.85% 2.18% - - - 2.18%
Index 0.35% -0.32% 2.75% 2.67% 4.17% 2.91% - - - 2.91%

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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 0.250000 0.000000 0.250000
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

99.56%

Cash and Cash Equivalents

0.44%

Number of Holdings

46

Total Net Assets

$ 2,282,043.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.75% UNITED STATES TREASURY NOTE/BOND 2.875% 15Aug28 US9128284V99 525,000 USD 2.88 08/15/2028 733,240 - Fixed Income
3.62% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov24 US912828G385 525,000 USD 2.25 11/15/2024 708,893 - Fixed Income
3.50% UNITED STATES TREASURY NOTE/BOND 2.75% 15Feb28 US9128283W81 495,000 USD 2.75 02/15/2028 684,395 - Fixed Income
3.38% UNITED STATES TREASURY NOTE/BOND 2.875% 15May28 US9128284N73 470,000 USD 2.88 05/15/2028 660,903 - Fixed Income
3.27% UNITED STATES TREASURY NOTE/BOND 2% 15Nov26 US912828U246 485,000 USD 2.00 11/15/2026 639,132 - Fixed Income
3.15% UNITED STATES TREASURY NOTE/BOND 2.125% 15May25 US912828XB14 460,000 USD 2.13 05/15/2025 615,634 - Fixed Income
3.08% UNITED STATES TREASURY NOTE/BOND 2% 15Feb25 US912828J272 455,000 USD 2.00 02/15/2025 601,956 - Fixed Income
3.03% UNITED STATES TREASURY NOTE/BOND 2.25% 15Feb27 US912828V988 445,000 USD 2.25 02/15/2027 593,465 - Fixed Income
2.97% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov27 US9128283F58 435,000 USD 2.25 11/15/2027 581,610 - Fixed Income
2.97% UNITED STATES TREASURY NOTE/BOND 2.375% 15May27 US912828X885 430,000 USD 2.38 05/15/2027 581,961 - Fixed Income
2.88% UNITED STATES TREASURY NOTE/BOND 1.5% 15Aug26 US9128282A70 445,000 USD 1.50 08/15/2026 563,753 - Fixed Income
2.85% UNITED STATES TREASURY NOTE/BOND 1.625% 15Feb26 US912828P469 435,000 USD 1.63 02/15/2026 558,556 - Fixed Income
2.85% UNITED STATES TREASURY NOTE/BOND 5.25% 15Nov28 US912810FF04 330,000 USD 5.25 11/15/2028 557,391 - Fixed Income
2.83% UNITED STATES TREASURY NOTE/BOND 1.625% 15May26 US912828R366 430,000 USD 1.63 05/15/2026 553,330 - Fixed Income
2.83% UNITED STATES TREASURY NOTE/BOND 2.5% 15May24 US912828WJ58 405,000 USD 2.50 05/15/2024 554,830 - Fixed Income
2.80% UNITED STATES TREASURY NOTE/BOND 2.625% 15Feb29 US9128286B18 400,000 USD 2.63 02/15/2029 547,437 - Fixed Income
2.79% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov25 US912828M565 405,000 USD 2.25 11/15/2025 545,410 - Fixed Income
2.76% UNITED STATES TREASURY NOTE/BOND 2% 15Aug25 US912828K742 410,000 USD 2.00 08/15/2025 541,132 - Fixed Income
2.73% UNITED STATES TREASURY NOTE/BOND 2.375% 15Aug24 US912828D564 395,000 USD 2.38 08/15/2024 534,231 - Fixed Income
2.72% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug27 US9128282R06 400,000 USD 2.25 08/15/2027 532,360 - Fixed Income
2.37% UNITED STATES TREASURY NOTE/BOND 2.625% 31Mar25 US9128284F40 335,000 USD 2.63 03/31/2025 463,452 - Fixed Income
2.35% UNITED STATES TREASURY NOTE/BOND 3% 30Sep25 US9128285C00 325,000 USD 3.00 09/30/2025 460,456 - Fixed Income
2.23% UNITED STATES TREASURY NOTE/BOND 2.125% 30Sep24 US9128282Y56 325,000 USD 2.13 09/30/2024 437,245 - Fixed Income
2.22% UNITED STATES TREASURY NOTE/BOND 2.125% 30Nov24 US9128283J70 325,000 USD 2.13 11/30/2024 435,379 - Fixed Income
2.05% UNITED STATES TREASURY NOTE/BOND 2.125% 31Jul24 US9128282N91 300,000 USD 2.13 07/31/2024 401,013 - Fixed Income
1.91% UNITED STATES TREASURY NOTE/BOND 2.5% 28Feb26 US9128286F22 275,000 USD 2.50 02/28/2026 373,838 - Fixed Income
1.65% UNITED STATES TREASURY NOTE/BOND 3.125% 15Nov28 US9128285M81 225,000 USD 3.13 11/15/2028 323,270 - Fixed Income
1.58% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 2.625% 31Jan26 US9128286A35 225,000 USD 2.63 01/31/2026 308,920 - Fixed Income
1.52% UNITED STATES TREASURY NOTE/BOND 2.75% 31Aug25 US9128284Z04 215,000 USD 2.75 08/31/2025 296,566 - Fixed Income
1.50% UNITED STATES TREASURY NOTE/BOND 2.5% 31Jan25 US9128283V09 215,000 USD 2.50 01/31/2025 292,922 - Fixed Income
1.48% UNITED STATES TREASURY NOTE/BOND 2.25% 31Dec24 US9128283P31 215,000 USD 2.25 12/31/2024 289,488 - Fixed Income
1.44% UNITED STATES TREASURY NOTE/BOND 3% 31Oct25 US9128285J52 200,000 USD 3.00 10/31/2025 282,774 - Fixed Income
1.43% UNITED STATES TREASURY NOTE/BOND 2.875% 30Nov25 US9128285N64 200,000 USD 2.88 11/30/2025 280,025 - Fixed Income
1.42% UNITED STATES TREASURY NOTE/BOND 2.75% 30Jun25 US912828XZ81 200,000 USD 2.75 06/30/2025 277,034 - Fixed Income
1.41% UNITED STATES TREASURY NOTE/BOND 2.75% 28Feb25 US9128283Z13 200,000 USD 2.75 02/28/2025 275,707 - Fixed Income
1.41% UNITED STATES TREASURY NOTE/BOND 2.625% 31Dec25 US9128285T35 200,000 USD 2.63 12/31/2025 275,151 - Fixed Income
1.36% UNITED STATES TREASURY NOTE/BOND 2.875% 31May25 US9128284R87 190,000 USD 2.88 05/31/2025 265,626 - Fixed Income
1.32% UNITED STATES TREASURY NOTE/BOND 2.875% 30Apr25 US9128284M90 185,000 USD 2.88 04/30/2025 259,229 - Fixed Income
1.32% UNITED STATES TREASURY NOTE/BOND 2.875% 31Jul25 US912828Y792 185,000 USD 2.88 07/31/2025 257,584 - Fixed Income
1.31% UNITED STATES TREASURY NOTE/BOND 2.25% 31Oct24 US9128283D01 190,000 USD 2.25 10/31/2024 256,864 - Fixed Income
1.26% UNITED STATES TREASURY NOTE/BOND 2% 30Jun24 US912828XX34 185,000 USD 2.00 06/30/2024 246,233 - Fixed Income
1.14% UNITED STATES TREASURY NOTE/BOND 2.125% 31Mar24 US912828W713 165,000 USD 2.13 03/31/2024 222,433 - Fixed Income
1.08% UNITED STATES TREASURY NOTE/BOND 1.875% 31Aug24 US9128282U35 160,000 USD 1.88 08/31/2024 210,728 - Fixed Income
1.06% UNITED STATES TREASURY NOTE/BOND 2% 30Apr24 US912828X703 155,000 USD 2.00 04/30/2024 207,094 - Fixed Income
1.02% UNITED STATES TREASURY NOTE/BOND 2% 31May24 US912828XT22 150,000 USD 2.00 05/31/2024 200,047 - Fixed Income
0.44% CASH - 1 CAD - - 85,182 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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