Fund Profile
Key Facts
| Fund Ticker | ZTIP |
|---|---|
|
Net Assets (Mn) (Sep 29, 2023) |
$ 22.14 |
| Base Currency | CAD |
| Closing Market Price | $ 30.36 |
| 12-Month Low/High (Market Price) | $ 29.76 / $ 32.16 |
|
Closing NAV Price (Sep 29, 2023) |
$ 30.5339 |
| 12-Month Low/High (Price (NAV)) | $ 29.7712 / $ 32.1281 |
| Weighted Average Term (Years) | 2.58 |
| Weighted Average Coupon (%) | 0.69% |
|
Annualized Distribution Yield (Sep 15, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
4.96% |
|
Yield to Maturity with Inflation Assumption (%) Management Expense Ratios (MERs) are the audited MERs as of December 31, 2021. Footnote |
5.35% Yield to Maturity with inflation assumption includes the real yield to maturity plus the inflation assumption to equal the equivalent Canadian Federal bond exposure. Footnote |
| Weighted Average Duration (Years) | 2.51 |
| Maximum Annual Management Fee | 0.15% |
| Management Expense Ratio |
0.17% Estimate only. Audited MER is unavailable since the ETF has not yet completed a financial year. Footnote |
| Market Volume | 227 |
| Distribution Frequency | Quarterly |
| Options Available | No |
| Inception Date | Jan 20, 2021 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 725 |
| Index | Bloomberg US Government Inflation-Linked 0-5 Year Bond Index (CAD) |
| Exchange | Toronto Stock Exchange |
| CUSIP | 05600Q105 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Short Term US TIPS Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg U.S. Government Inflation-Linked 0-5 Year Bond Index, net of expenses. The Fund invests in U.S. Treasury Inflation Protected Securities (TIPS) with a term to maturity of less than 5 years. Securities held in the Index are generally issued or guaranteed by the U.S. Treasury.
Benchmark Info
The Bloomberg U.S. Government Inflation-Linked 0-5 Year Bond Index consists of bonds issued by the U.S. Treasury which have maturities between zero and five years, greater than U.S. $500 million outstanding, and principal and interest must be inflation-linked and denominated in USD. Each security in the index is weighted by relative market capitalization and rebalanced monthly.
Fund Benefits
- Designed for investors looking for inflation protected income
- Invested in a diversified portfolio of U.S. Treasury Inflation Protected Securities
- Includes bonds with less than five years to maturity
- Professionally managed by BMO Global Asset Management
Risk Rating
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Performance Chart
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (Sep 29, 2023) |
$ 22.14 |
|---|---|
| Market Price | $ 30.36 |
| 12-Month Low/High (Market Price) | $ 29.76 / $ 32.16 |
| Price (NAV) | $ 30.5339 |
| 12-Month Low/High (Price (NAV)) | $ 29.7712 / $ 32.1281 |
| Distribution Frequency | Quarterly |
Daily Prices
| Unit Price as of (Sep 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 30.36 | $ -0.31 | -1.01% |
| Price (NAV) | $ 30.5339 | $ 0.1773 | 0.58% |
Performance
Annualized Performance (%) for period ending: Aug 31, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 3.27% | 3.61% | - | - | - | 4.10% |
| Index | 3.78% | 3.70% | - | - | - | 4.26% |
| Aug 31, 2023 |
Calendar Year Performance (%) for period ending: Aug 31, 2023
| YTD | 2022 | 2021 | |
|---|---|---|---|
| NAV | 1.99% | 3.84% | 4.88% |
| Index | 1.95% | 4.33% | 4.84% |
| Aug 31, 2023 |
Cumulative Performance (%) for period ending: Aug 31, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1.99% | 2.64% | -0.01% | 0.82% | 3.27% | 7.34% | - | - | - | 11.07% |
| Index | 1.95% | 2.91% | -0.05% | 1.18% | 3.78% | 7.53% | - | - | - | 11.51% |
| Aug 31, 2023 |
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Distribution History
| 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, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.500000 | - | 0.500000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | 0.380000 | - | 0.380000 |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | 0.300000 | - | 0.300000 |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2024 | - | - | - |
| Year to Date | 1.180000 | 0.000000 | 1.180000 |
| 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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Daily Holdings
As of Sep 29, 2023
95.31%
4.69%
25
$ 22,137,056.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 6.06% | UNITED STATES TREASURY INFLATION INDEXED BONDS 15Jan2024 | US912828B253 | 8,875,949 | USD | 0.63 | 01/15/2024 | 11,953,477 | Government Bonds | Cash and Cash Equivalents |
| 5.43% | UNITED STATES TREASURY INFLATION INDEXED BONDS - WHEN ISSUED 1.63% 15Oct2027 | US91282CFR79 | 8,066,877 | USD | 1.63 | 10/15/2027 | 10,717,587 | Government Bonds | Fixed Income |
| 5.43% | UNITED STATES TREASURY INFLATION INDEXED BONDS .13% 15Jul2024 | US912828WU04 | 8,067,942 | USD | 0.13 | 07/15/2024 | 10,707,851 | Government Bonds | Fixed Income |
| 5.33% | UNITED STATES TREASURY INFLATION INDEXED BONDS .38% 15Jul2025 | US912828XL95 | 8,075,637 | USD | 0.38 | 07/15/2025 | 10,508,085 | Government Bonds | Fixed Income |
| 5.25% | UNITED STATES TREASURY INFLATION INDEXED BONDS 1.25% 15Apr2028 | US91282CGW55 | 7,982,137 | USD | 1.25 | 04/15/2028 | 10,369,020 | Government Bonds | Fixed Income |
| 5.09% | UNITED STATES TREASURY INFLATION INDEXED BONDS - WHEN ISSUED .13% 15Apr2027 | US91282CEJ62 | 8,052,031 | USD | 0.13 | 04/15/2027 | 10,044,158 | Government Bonds | Fixed Income |
| 5.01% | UNITED STATES TREASURY INFLATION INDEXED BONDS - WHEN ISSUED .13% 15Oct2026 | US91282CDC29 | 7,830,832 | USD | 0.13 | 10/15/2026 | 9,894,534 | Government Bonds | Fixed Income |
| 5.00% | UNITED STATES TREASURY INFLATION INDEXED BONDS .25% 15Jan2025 | US912828H458 | 7,554,873 | USD | 0.25 | 01/15/2025 | 9,875,771 | Government Bonds | Fixed Income |
| 4.73% | UNITED STATES TREASURY INFLATION INDEXED BONDS .13% 15Oct2024 | US912828YL86 | 7,091,270 | USD | 0.13 | 10/15/2024 | 9,339,321 | Government Bonds | Fixed Income |
| 4.69% | UNITED STATES TREASURY INFLATION INDEXED BONDS .5% 15Jan2028 | US9128283R96 | 7,382,056 | USD | 0.50 | 01/15/2028 | 9,251,119 | Government Bonds | Fixed Income |
| 4.67% | UNITED STATES TREASURY INFLATION INDEXED BONDS - WHEN ISSUED .13% 15Oct2025 | US91282CAQ42 | 7,158,027 | USD | 0.13 | 10/15/2025 | 9,217,601 | Government Bonds | Fixed Income |
| 4.47% | UNITED STATES TREASURY INFLATION INDEXED BONDS .63% 15Jan2026 | US912828N712 | 6,826,898 | USD | 0.63 | 01/15/2026 | 8,827,406 | Government Bonds | Fixed Income |
| 4.47% | UNITED STATES TREASURY INFLATION INDEXED BONDS .13% 15Jul2026 | US912828S505 | 6,945,969 | USD | 0.13 | 07/15/2026 | 8,819,272 | Government Bonds | Fixed Income |
| 4.45% | UNITED STATES TREASURY INFLATION INDEXED BONDS .38% 15Jul2027 | US9128282L36 | 6,975,112 | USD | 0.38 | 07/15/2027 | 8,790,373 | Government Bonds | Fixed Income |
| 4.14% | UNITED STATES TREASURY INFLATION INDEXED BONDS .38% 15Jan2027 | US912828V491 | 6,468,494 | USD | 0.38 | 01/15/2027 | 8,179,365 | Government Bonds | Fixed Income |
| 3.97% | UNITED STATES TREASURY INFLATION INDEXED BONDS .13% 15Apr2025 | US912828ZJ22 | 6,038,564 | USD | 0.13 | 04/15/2025 | 7,829,862 | Government Bonds | Fixed Income |
| 3.65% | UNITED STATES TREASURY INFLATION INDEXED BONDS .75% 15Jul2028 | US912828Y388 | 5,694,898 | USD | 0.75 | 07/15/2028 | 7,209,899 | Government Bonds | Fixed Income |
| 3.64% | UNITED STATES TREASURY INFLATION INDEXED BONDS .13% 15Apr2026 | US91282CCA71 | 5,656,120 | USD | 0.13 | 04/15/2026 | 7,181,523 | Government Bonds | Fixed Income |
| 3.46% | UNITED STATES TREASURY INFLATION INDEXED BONDS 2.38% 15Jan2025 | US912810FR42 | 5,056,366 | USD | 2.38 | 01/15/2025 | 6,820,674 | Government Bonds | Fixed Income |
| 3.44% | UNITED STATES TREASURY INFLATION INDEXED BONDS .5% 15Apr2024 | US9128286N55 | 5,071,469 | USD | 0.50 | 04/15/2024 | 6,782,688 | Government Bonds | Fixed Income |
| 2.39% | UNITED STATES TREASURY INFLATION INDEXED BONDS 3.63% 15Apr2028 | US912810FD55 | 3,251,746 | USD | 3.63 | 04/15/2028 | 4,712,506 | Government Bonds | Fixed Income |
| 2.26% | UNITED STATES TREASURY INFLATION INDEXED BONDS 2% 15Jan2026 | US912810FS25 | 3,333,880 | USD | 2.00 | 01/15/2026 | 4,458,090 | Government Bonds | Fixed Income |
| 2.17% | UNITED STATES TREASURY INFLATION INDEXED BONDS 2.38% 15Jan2027 | US912810PS15 | 3,153,842 | USD | 2.38 | 01/15/2027 | 4,272,380 | Government Bonds | Fixed Income |
| 2.16% | UNITED STATES TREASURY INFLATION INDEXED BONDS 1.75% 15Jan2028 | US912810PV44 | 3,225,672 | USD | 1.75 | 01/15/2028 | 4,271,993 | Government Bonds | Fixed Income |
| -1.37% | CASH | - | 1 | CAD | - | - | -2,703,173 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 1 range. The range is: 100%, Government Bonds.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, United States.
Maturity
has a donut chart divided into 5 ranges. Ranges are: 14.74%, 0-1 Years.22.24%, 1-2 Years.19.25%, 2-3 Years.20.56%, 3-4 Years.23.21%, 4-5 Years.
Credit Allocation
has a donut chart divided into 1 range. The range is: 100%, AAA.
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.