Overview

Fund Profile

Key Facts

Portfolio Strategy

BMO Ultra Short-Term Bond ETF has been designed to provide exposure to a diversified mix of short-term fixed income asset classes with a term to maturity of less than one year or reset dates within one year. The Fund currently invests in investment grade corporate bonds, and has the ability to add exposure to government bonds, high yield bonds, floating rate notes, and preferred shares. The portfolio is rebalanced based on the portfolio manager’s fundamental analysis, relative strength indicators, and risk adjusted yield expectations.

Fund Benefits

  • Designed for investors looking for accumulating defensive income
  • Invested in a diversified portfolio of federal, provincial, corporate bonds, and preferred shares
  • Includes bonds with less than one year 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 $ 53.93 $ 0.05 0.09%
Price (NAV) $ 53.9212 $ 0.0116 0.02%

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 -0.02% 0.27% 0.94% 1.41% - 1.37%
Index - - - - - -
Calendar Performance

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

Table for calendar performance. For period ending
YTD 2021 2020 2019 2018 2017
NAV -0.08% 0.23% 1.83% 2.42% 2.00% 1.11%
Index - - - - - -
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 -0.08% 0.13% 0.21% -0.03% -0.02% 0.54% 2.83% 7.25% - 7.72%
Index - - - - - - - - - -

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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
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.000000 0.200000 0.200000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.000000 0.280000 0.280000
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 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

100.05%

Stock

0.89%

Cash and Cash Equivalents

-0.05%

Number of Holdings

45

Total Net Assets

$ 282,304,181.00


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
27.91% CANADIAN TREASURY BILL .01% 05Jan2023 CA1350Z7AW43 292,250,000 CAD 0.01 01/05/2023 288,722,922 - Fixed Income
7.51% BANK OF NOVA SCOTIA/THE 2.38% 01May2023 CA06415EK460 78,024,000 CAD 2.38 05/01/2023 77,660,429 - Fixed Income
6.86% HYDRO ONE INC .71% 16Jan2023 CA44810ZCE84 71,819,000 CAD 0.71 01/16/2023 71,001,106 - Fixed Income
5.14% DOLLARAMA INC 2.2% 10Nov2022 CA25675TAG28 53,048,000 CAD 2.20 11/10/2022 53,213,170 - Fixed Income
5.11% ROYAL BANK OF CANADA 2.36% 05Dec2022 CA780086PX67 52,747,000 CAD 2.36 12/05/2022 52,834,349 - Fixed Income
3.06% TORONTO-DOMINION BANK/THE 1.91% 18Jul2023 CA891160LV34 32,163,000 CAD 1.91 07/18/2023 31,624,913 - Fixed Income
3.05% CANADIAN TREASURY BILL .01% 25May2023 CA1350Z7A878 32,350,000 CAD 0.01 05/25/2023 31,530,668 - Fixed Income
2.82% HONDA CANADA FINANCE INC 2.49% 19Dec2022 CA438121AR64 29,105,000 CAD 2.49 12/19/2022 29,122,123 - Fixed Income
2.62% CANADIAN IMPERIAL BANK OF COMMERCE 2.47% 05Dec2022 CA13596ZE680 27,040,000 CAD 2.47 12/05/2022 27,098,332 - Fixed Income
2.42% VENTAS CANADA FINANCE LTD 2.55% 15Mar2023 CA92277LAD88 25,000,000 CAD 2.55 03/15/2023 25,032,032 - Fixed Income
2.28% CANADIAN IMPERIAL BANK OF COMMERCE 2.97% 11Jul2023 CA13596Z4B88 23,750,500 CAD 2.97 07/11/2023 23,614,169 - Fixed Income
2.04% GLACIER CREDIT CARD TRUST 2.05% 20Sep2022 CA37638ZBJ27 20,910,000 CAD 2.05 09/20/2022 21,063,271 - Fixed Income
1.94% ROYAL BANK OF CANADA 2.95% 01May2023 CA780086QC12 20,000,000 CAD 2.95 05/01/2023 20,045,036 - Fixed Income
1.87% BANK OF NOVA SCOTIA/THE 2.36% 08Nov2022 CA064151F246 19,228,000 CAD 2.36 11/08/2022 19,311,181 - Fixed Income
1.81% FORTIFIED TRUST 2.34% 23Jan2023 CA34960VAN88 18,800,000 CAD 2.34 01/23/2023 18,708,012 - Fixed Income
1.66% TELUS CORP 3.35% 15Mar2023 CA87971MAQ65 17,000,000 CAD 3.35 03/15/2023 17,194,039 - Fixed Income
1.64% BMW CANADA INC .63% 16Jan2023 CA05590HAZ07 17,211,000 CAD 0.63 01/16/2023 17,010,743 - Fixed Income
1.59% TORONTO-DOMINION BANK/THE 3.01% 30May2023 CA89117FFK09 16,500,000 CAD 3.01 05/30/2023 16,492,266 - Fixed Income
1.58% CANADIAN IMPERIAL BANK OF COMMERCE 2.43% 09Jun2023 CA13607GKV54 16,504,000 CAD 2.43 06/09/2023 16,354,850 - Fixed Income
1.53% EMERA INC 2.9% 16Jun2023 CA290876AC55 15,887,000 CAD 2.90 06/16/2023 15,795,720 - Fixed Income
1.35% BANK OF MONTREAL 2.89% 20Jun2023 CA06368BJ907 14,002,000 CAD 2.89 06/20/2023 13,945,714 - Fixed Income
1.31% VW CREDIT CANADA INC 3.25% 29Mar2023 CA918423AQ79 13,500,000 CAD 3.25 03/29/2023 13,598,237 - Fixed Income
1.28% HSBC BANK CANADA 2.54% 31Jan2023 CA40427HTC74 13,250,000 CAD 2.54 01/31/2023 13,189,302 - Fixed Income
1.22% 407 INTERNATIONAL INC 2.47% 08Sep2022 CA35085ZBR60 12,486,000 CAD 2.47 09/08/2022 12,616,757 - Fixed Income
1.08% PRIME STRUCTURED MORTGAGE TRUST 1.97% 15Feb2023 CA74167QAA46 11,294,000 CAD 1.97 02/15/2023 11,180,112 - Fixed Income
0.97% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 3.2% 07Mar2023 CA17039AAG19 10,000,000 CAD 3.20 03/07/2023 10,085,734 - Fixed Income
0.97% CANADIAN IMPERIAL BANK OF COMMERCE 3.45% 04Apr2028 CA136069YW55 10,000,000 CAD 3.45 04/04/2028 10,055,499 - Fixed Income
0.97% MANULIFE FINANCIAL CORP 3.32% 09May2028 CA56501RAG17 10,000,000 CAD 3.32 05/09/2028 9,998,280 - Fixed Income
0.90% CATERPILLAR FINANCIAL SERVICES LTD 2.09% 12Sep2022 CA14913LAA85 9,225,000 CAD 2.09 09/12/2022 9,301,621 - Fixed Income
0.70% EPCOR UTILITIES INC 1.3% 19May2023 CA29410ZAR60 7,352,000 CAD 1.30 05/19/2023 7,227,234 - Fixed Income
0.58% TORONTO HYDRO CORP 2.91% 10Apr2023 CA89119ZAE30 6,000,000 CAD 2.91 04/10/2023 6,028,918 - Fixed Income
0.55% ENBRIDGE INC 3.94% 30Jun2023 CA29251ZBD83 5,662,000 CAD 3.94 06/30/2023 5,675,156 - Fixed Income
0.52% EAGLE CREDIT CARD TRUST 3.04% 17Jul2023 CA26948ZAS17 5,379,000 CAD 3.04 07/17/2023 5,336,919 - Fixed Income
0.49% HONDA CANADA FINANCE INC 2.54% 01Mar2023 CA438121AN50 5,000,000 CAD 2.54 03/01/2023 5,021,050 - Fixed Income
0.48% OMERS REALTY CORP 3.36% 05Jun2023 CA68214WAH12 5,000,000 CAD 3.36 06/05/2023 5,006,182 - Fixed Income
0.48% NATIONAL BANK OF CANADA 3.18% 01Feb2028 CA63309ZNL80 5,000,000 CAD 3.18 02/01/2028 4,977,420 - Fixed Income
0.48% PEMBINA PIPELINE CORP 2.56% 01Jun2023 CA70632ZAP68 5,000,000 CAD 2.56 06/01/2023 4,956,020 - Fixed Income
0.43% TOYOTA CREDIT CANADA INC 2.7% 25Jan2023 CA892329BF99 4,500,000 CAD 2.70 01/25/2023 4,490,049 - Fixed Income
0.36% CANADIAN TIRE CORP LTD 3.17% 06Jul2023 CA13668ZAX65 3,720,000 CAD 3.17 07/06/2023 3,697,467 - Fixed Income
0.23% TOYOTA CREDIT CANADA INC 3.04% 12Jul2023 CA892329BG72 2,399,000 CAD 3.04 07/12/2023 2,383,805 - Fixed Income
0.16% LAURENTIAN BANK OF CANADA 3.45% 27Jun2023 CA51925DBT24 1,659,000 CAD 3.45 06/27/2023 1,652,946 - Fixed Income
0.09% IVANHOE CAMBRIDGE II INC 2.91% 27Jun2023 CA46578WAA23 931,000 CAD 2.91 06/27/2023 925,156 - Fixed Income
0.01% FEDERATION DES CAISSES DESJARDINS DU QUEBEC 2.39% 25Aug2022 CA31430WAB06 90,000 CAD 2.39 08/25/2022 91,029 - Fixed Income
0.01% HSBC BANK CANADA 2.25% 15Sep2022 CA40427HTG88 72,000 CAD 2.25 09/15/2022 72,641 - Fixed Income
-0.05% CASH - 1 CAD - - -505,048 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 8 ranges. Ranges are: 46.16%, Tbill.29.68%, Financial.7.7%, Infrastructure.5.55%, Industrial.5.44%, Real Estate.3.38%, Securitization.1.29%, Communication.0.8%, Energy.

Geographic Allocation

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

Maturity

has a donut chart divided into 1 range. The range is: 100%, 0-1 Years.

Credit Allocation

has a donut chart divided into 4 ranges. Ranges are: 34.95%, AAA.23.4%, AA.25.14%, A.16.52%, BBB.

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