Overview

Fund Profile

Key Facts

Portfolio Strategy

The BMO Short Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Provincial Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between one and five years. Securities held in the Index are generally issued or guaranteed by the Provincial Governments in Canada, by various agencies of the Provincial Governments, and by various instrumentalities that have been established or sponsored by Provincial Governments. 

Benchmark Info

The FTSE Canada Short Term Provincial Bond IndexTM consists of semi-annual pay fixed rate provincial bonds denominated in Canadian dollars, with an effective term to maturity less than five years but greater than one year, a credit rating of BBB or higher and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. The provincial sector consists of bonds issued by Canadian provinces and provincial or territorial corporations, incorporated under their respective jurisdiction. Each security in the index is weighted by its relative market capitalization and rebalanced on a daily basis. 

Fund Benefits

  • Designed for investors looking for defensive income
  • Invested in a diversified portfolio of provincial bonds
  • Includes bonds with one to five years to maturity
  • Professionally managed by BMO Global Asset Management

Risk Rating

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Price & Performance

Performance Chart

Growth of 10,000

Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.

Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 12.20 $ 0.01 0.08%
Price (NAV) $ 12.1905 $ 0.0117 0.10%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -4.18% -2.08% 0.21% 0.98% 1.31% 1.76%
Index -3.79% -1.72% 0.53% 1.30% 1.61% 2.05%
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019 2018 2017 2016 2015 2014 2013
NAV -3.16% -1.40% 5.06% 2.69% 1.72% -0.16% 0.62% 2.59% 3.12% 1.57%
Index -2.89% -1.08% 5.32% 3.02% 2.01% 0.15% 0.87% 2.88% 3.50% 1.81%
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

Table for cumulative performance. For period ending
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -3.16% 1.30% 0.67% -2.16% -4.18% -4.11% 0.62% 4.98% 13.86% 25.05%
Index -2.89% 1.35% 0.85% -1.93% -3.79% -3.41% 1.61% 6.67% 17.32% 29.58%

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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.

Download Distribution History (Excel)
Table for distribution history. For period ending
Distribution Period

Future distribution dates may change without any prior notice.

Footnote
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.

Footnote
Total Distribution Per Unit
Jan, 2022 Jan 27, 2022 Jan 28, 2022 Feb 02, 2022 0.032000 0.000000 0.032000
Feb, 2022 Feb 24, 2022 Feb 25, 2022 Mar 02, 2022 0.032000 0.000000 0.032000
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.032000 0.000000 0.032000
Apr, 2022 Apr 27, 2022 Apr 28, 2022 May 03, 2022 0.032000 0.000000 0.032000
May, 2022 May 27, 2022 May 30, 2022 Jun 03, 2022 0.032000 0.000000 0.032000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.032000 0.000000 0.032000
Jul, 2022 Jul 27, 2022 Jul 28, 2022 Aug 03, 2022 0.032000 0.000000 0.032000
Aug, 2022 Aug 29, 2022 Aug 30, 2022 Sep 02, 2022 - - -
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Oct, 2022 Oct 27, 2022 Oct 28, 2022 Nov 02, 2022 - - -
Nov, 2022 Nov 28, 2022 Nov 29, 2022 Dec 02, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
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.

Footnote
- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Aug 15, 2022

Fixed Income

100.04%

Cash and Cash Equivalents

-0.04%

Number of Holdings

55

Total Net Assets

$ 429,184,386.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 4 columns. Table columns are Weight (%), Name, ISIN, Base Market Value
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
10.49% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2025 CA68323ACX06 46,205,000 CAD 2.60 06/02/2025 45,570,282 - Fixed Income
7.99% PROVINCE OF ONTARIO CANADA 3.5% 02Jun2024 CA68323ACG72 34,412,000 CAD 3.50 06/02/2024 34,725,330 - Fixed Income
7.63% PROVINCE OF ONTARIO CANADA 2.6% 02Jun2027 CA68323AEE07 33,935,000 CAD 2.60 06/02/2027 33,126,609 - Fixed Income
6.98% PROVINCE OF ONTARIO CANADA 1.75% 08Sep2025 CA68333ZAK36 31,535,000 CAD 1.75 09/08/2025 30,330,785 - Fixed Income
5.74% PROVINCE OF ONTARIO CANADA 2.4% 02Jun2026 CA68323ADM32 25,583,000 CAD 2.40 06/02/2026 24,913,064 - Fixed Income
5.45% PROVINCE OF QUEBEC CANADA 2.75% 01Sep2025 CA74814ZEV19 23,746,000 CAD 2.75 09/01/2025 23,661,064 - Fixed Income
4.34% PROVINCE OF QUEBEC CANADA 2.5% 01Sep2026 CA74814ZEX74 19,146,000 CAD 2.50 09/01/2026 18,835,161 - Fixed Income
4.00% PROVINCE OF QUEBEC CANADA 3% 01Sep2023 CA74814ZEP41 17,238,000 CAD 3.00 09/01/2023 17,394,585 - Fixed Income
3.61% PROVINCE OF ALBERTA CANADA 2.55% 01Jun2027 CA013051DW44 16,103,000 CAD 2.55 06/01/2027 15,685,915 - Fixed Income
3.27% PROVINCE OF QUEBEC CANADA 3.75% 01Sep2024 CA74814ZES89 13,878,000 CAD 3.75 09/01/2024 14,218,145 - Fixed Income
3.04% PROVINCE OF ONTARIO CANADA 2.6% 08Sep2023 CA68333ZAB37 13,156,000 CAD 2.60 09/08/2023 13,184,281 - Fixed Income
2.53% PROVINCE OF BRITISH COLUMBIA CANADA 2.85% 18Jun2025 CA11070TAF53 11,064,000 CAD 2.85 06/18/2025 10,984,551 - Fixed Income
2.50% PROVINCE OF ALBERTA CANADA 2.35% 01Jun2025 CA013051DQ75 11,092,000 CAD 2.35 06/01/2025 10,861,798 - Fixed Income
2.35% PROVINCE OF ALBERTA CANADA 2.2% 01Jun2026 CA013051DT15 10,560,000 CAD 2.20 06/01/2026 10,205,094 - Fixed Income
2.24% PROVINCE OF ONTARIO CANADA 2.65% 05Feb2025 CA68323AER10 9,871,000 CAD 2.65 02/05/2025 9,713,878 - Fixed Income
2.19% PROVINCE OF ONTARIO CANADA 2.3% 08Sep2024 CA68333ZAF41 9,610,000 CAD 2.30 09/08/2024 9,497,851 - Fixed Income
1.85% PROVINCE OF ONTARIO CANADA 1.85% 01Feb2027 CA68333ZAJ62 8,544,000 CAD 1.85 02/01/2027 8,051,349 - Fixed Income
1.76% PROVINCE OF MANITOBA CANADA 2.45% 02Jun2025 CA563469UE37 7,806,000 CAD 2.45 06/02/2025 7,663,860 - Fixed Income
1.72% PROVINCE OF BRITISH COLUMBIA CANADA 3.3% 18Dec2023 CA110709GF34 7,460,000 CAD 3.30 12/18/2023 7,482,693 - Fixed Income
1.59% PROVINCE OF ALBERTA CANADA 3.1% 01Jun2024 CA013051DM61 6,900,000 CAD 3.10 06/01/2024 6,910,341 - Fixed Income
1.57% PROVINCE OF MANITOBA CANADA 2.55% 02Jun2026 CA563469UJ24 6,950,000 CAD 2.55 06/02/2026 6,804,280 - Fixed Income
1.27% PROVINCE OF BRITISH COLUMBIA CANADA 2.55% 18Jun2027 CA11070TAL22 5,656,000 CAD 2.55 06/18/2027 5,507,952 - Fixed Income
1.17% PROVINCE OF BRITISH COLUMBIA CANADA 2.3% 18Jun2026 CA11070TAJ75 5,253,000 CAD 2.30 06/18/2026 5,094,165 - Fixed Income
1.13% PROVINCE OF SASKATCHEWAN CANADA 3.2% 03Jun2024 CA803854JW90 4,891,000 CAD 3.20 06/03/2024 4,906,624 - Fixed Income
0.96% PROVINCE OF QUEBEC CANADA 2.6% 06Jul2025 CA748148RX35 4,250,000 CAD 2.60 07/06/2025 4,182,504 - Fixed Income
0.92% PROVINCE OF QUEBEC CANADA 5.35% 01Jun2025 CA74814ZDE03 3,750,000 CAD 5.35 06/01/2025 3,987,805 - Fixed Income
0.90% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 2.3% 02Jun2025 CA651333FS03 4,022,000 CAD 2.30 06/02/2025 3,925,668 - Fixed Income
0.78% PROVINCE OF SASKATCHEWAN CANADA 2.55% 02Jun2026 CA803854KB35 3,440,000 CAD 2.55 06/02/2026 3,368,474 - Fixed Income
0.76% PROVINCE OF MANITOBA CANADA 2.6% 02Jun2027 CA563469UP83 3,375,000 CAD 2.60 06/02/2027 3,292,380 - Fixed Income
0.76% PROVINCE OF NEW BRUNSWICK CANADA 1.8% 14Aug2025 CA642866GR23 3,430,000 CAD 1.80 08/14/2025 3,280,457 - Fixed Income
0.75% PROVINCE OF NEW BRUNSWICK CANADA 2.6% 14Aug2026 CA642866GK79 3,339,000 CAD 2.60 08/14/2026 3,252,860 - Fixed Income
0.69% PROVINCE OF ONTARIO CANADA 1.35% 08Sep2026 CA68333ZAQ06 3,210,000 CAD 1.35 09/08/2026 2,997,505 - Fixed Income
0.68% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 3% 02Jun2026 CA651333FV32 2,970,000 CAD 3.00 06/02/2026 2,951,503 - Fixed Income
0.68% PROVINCE OF NOVA SCOTIA CANADA 2.1% 01Jun2027 CA669827GA98 3,079,000 CAD 2.10 06/01/2027 2,934,215 - Fixed Income
0.66% PROVINCE OF ALBERTA CANADA 2.65% 01Sep2023 CA013051EC70 2,841,000 CAD 2.65 09/01/2023 2,851,258 - Fixed Income
0.63% PROVINCE OF QUEBEC CANADA 1.85% 13Feb2027 CA748148SA23 2,900,000 CAD 1.85 02/13/2027 2,735,942 - Fixed Income
0.63% PROVINCE OF SASKATCHEWAN CANADA 2.65% 02Jun2027 CA803854KE73 2,782,000 CAD 2.65 06/02/2027 2,721,279 - Fixed Income
0.62% PROVINCE OF SASKATCHEWAN CANADA .8% 02Sep2025 CA803854KM99 2,895,000 CAD 0.80 09/02/2025 2,694,224 - Fixed Income
0.61% PROVINCE OF QUEBEC CANADA 2.25% 22Feb2024 CA748148RY18 2,673,000 CAD 2.25 02/22/2024 2,656,218 - Fixed Income
0.55% PROVINCE OF MANITOBA CANADA 3.3% 02Jun2024 CA563469UC70 2,389,000 CAD 3.30 06/02/2024 2,401,277 - Fixed Income
0.50% PROVINCE OF MANITOBA CANADA 4.4% 05Sep2025 CA56344ZPH69 2,078,000 CAD 4.40 09/05/2025 2,181,361 - Fixed Income
0.42% PROVINCE OF ONTARIO CANADA 7.6% 02Jun2027 CA683234KG29 1,500,000 CAD 7.60 06/02/2027 1,810,582 - Fixed Income
0.32% PROVINCE OF ALBERTA CANADA 3.4% 01Dec2023 CA013051DL88 1,375,000 CAD 3.40 12/01/2023 1,382,898 - Fixed Income
0.22% PROVINCE OF NEW BRUNSWICK CANADA 3.65% 03Jun2024 CA642869AJ00 966,000 CAD 3.65 06/03/2024 977,311 - Fixed Income
0.20% PROVINCE OF NOVA SCOTIA CANADA 2.15% 01Jun2025 CA669827BG14 905,000 CAD 2.15 06/01/2025 881,034 - Fixed Income
0.17% PROVINCE OF NEWFOUNDLAND AND LABRADOR CANADA 1.25% 02Jun2027 CA651333GF72 800,000 CAD 1.25 06/02/2027 728,404 - Fixed Income
0.14% PROVINCE OF PRINCE EDWARD ISLAND CANADA 2.35% 25Aug2025 CA741666DA68 600,000 CAD 2.35 08/25/2025 587,977 - Fixed Income
0.07% ONTARIO ELECTRICITY FINANCIAL CORP 8.25% 22Jun2026 CA683078GG81 248,000 CAD 8.25 06/22/2026 294,357 - Fixed Income
0.01% PROVINCE OF QUEBEC CANADA 8.5% 01Apr2026 CA748148PZ01 50,000 CAD 8.50 04/01/2026 60,429 - Fixed Income
0.01% NEWFOUNDLAND & LABRADOR HYDRO 8.4% 27Feb2026 CA651329AW40 50,000 CAD 8.40 02/27/2026 60,135 - Fixed Income
0.00% PROVINCE OF ONTARIO CANADA 8% 02Jun2026 CA683234JT68 10,000 CAD 8.00 06/02/2026 11,839 - Fixed Income
0.00% ONTARIO ELECTRICITY FINANCIAL CORP 9% 26May2025 CA683078GD50 8,000 CAD 9.00 05/26/2025 9,336 - Fixed Income
0.00% PROVINCE OF ONTARIO CANADA 8.1% 08Sep2023 CA683234HM34 5,000 CAD 8.10 09/08/2023 5,417 - Fixed Income
0.00% PROVINCE OF BRITISH COLUMBIA CANADA 9% 23Aug2024 CA110709DP43 4,000 CAD 9.00 08/23/2024 4,605 - Fixed Income
-0.04% CASH - 1 CAD - - -174,201 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 9 ranges. Ranges are: 49.38%, Ontario.20.2%, Quebec.11.04%, Alberta.6.69%, British Columbia.5.15%, Manitoba.3.15%, Saskatchewan.1.76%, Newfoundland.1.74%, New Brunswick.0.88%, Nova Scotia.

Geographic Allocation

has a donut chart divided into 1 range. The range is: 100%, Canada.

Maturity

has a donut chart divided into 4 ranges. Ranges are: 21.87%, 1-2 Years.27.92%, 2-3 Years.26.78%, 3-4 Years.23.39%, 4-5 Years.

Credit Allocation

has a donut chart divided into 3 ranges. Ranges are: 0.04%, AAA.91.18%, AA.8.78%, A.

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