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Overview

Fund Profile

Key Facts

Fund Ticker ZTL.U
Net Assets (Mn)
(Dec 03, 2020)
$ 11.81
Base Currency USD
Closing Market Price $ 63.66
12-Month Low/High (Market Price) $ 55.54 / $ 70.93
Closing NAV Price
(Dec 03, 2020)
$ 63.8359
12-Month Low/High (Price (NAV)) $ 55.5058 / $ 70.0764
Weighted Average Term (Years) 25.77
Weighted Average Coupon (%) 2.84%
Annualized Distribution Yield
(Nov 20, 2020)

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

2.14%
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.

1.44%
Weighted Average Duration (Years) 19.01
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.23%
Market Volume 1,525
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 28, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 185
Index Bloomberg Barclays U.S. Treasury 20+ Year Index USD
Exchange NEO
CUSIP 05582Y209
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. Treasury 20+ Year Index, net of expenses. The Fund invests in a variety of U.S. Treasuries primarily with a term to maturity greater than twenty years.

Benchmark

The Bloomberg Barclays U.S. Treasury 20+ Year Index consists of U.S. Treasury bonds with an effective term to maturity greater than twenty years and greater than $300 million outstanding. Each security in the index is weighted by its relative market capitalization and re-balanced 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 20 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)
(Dec 03, 2020)
$ 11.81
Market Price $ 63.66
12-Month Low/High (Market Price) $ 55.54 / $ 70.93
Price (NAV) $ 63.8359
12-Month Low/High (Price (NAV)) $ 55.5058 / $ 70.0764
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 63.66 $ 0.34 0.54%
Price (NAV) $ 63.8359 $ 0.5441 0.86%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 14.99% 19.57% 10.68% - - 9.46%
Index 16.12% 20.28% 11.05% - - 10.06%
Calendar Performance

Calendar Year Performance (%) for period ending: Nov 30, 2020

YTD 2019 2018 2017
NAV 18.55% 14.73% -2.07% 5.41%
Index 19.45% 14.83% -1.84% 6.45%
Cumulative Performance

Cumulative Performance (%) for period ending: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 18.55% 1.63% -1.05% -1.49% 14.99% 42.98% 35.57% - - 40.41%
Index 19.45% 1.27% -1.47% -1.59% 16.12% 44.67% 36.95% - - 43.32%

The ETF started tracking the Bloomberg Barclays U.S.Treasury 20+ Year Index on January 15, 2020. Previously it was tracking the Bloomberg Barclays U.S. Long Treasury Bond 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.

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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, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.350000 0.000000 0.350000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.350000 0.000000 0.350000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.350000 0.000000 0.350000
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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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 Dec 03, 2020

Fixed Income

99.64%

Cash and Cash Equivalents

0.36%

Number of Holdings

41

Total Net Assets

$ 11,809,643.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
4.28% US TREASURY N/B 1.38% 15Aug2050 US912810SP49 5,630,000 USD 1.38 08/15/2050 6,793,636 - Fixed Income
4.04% UNITED STATES TREASURY NOTE/BOND 3% 15Feb2049 US912810SF66 3,755,000 USD 3.00 02/15/2049 6,408,891 - Fixed Income
4.02% UNITED STATES TREASURY NOTE/BOND 3.38% 15Nov2048 US912810SE91 3,530,000 USD 3.38 11/15/2048 6,380,933 - Fixed Income
3.90% UNITED STATES TREASURY NOTE/BOND 2.88% 15May2049 US912810SH23 3,730,000 USD 2.88 05/15/2049 6,192,478 - Fixed Income
3.75% UNITED STATES TREASURY NOTE/BOND 3% 15Aug2048 US912810SD19 3,490,000 USD 3.00 08/15/2048 5,939,780 - Fixed Income
3.57% UNITED STATES TREASURY NOTE/BOND 2% 15Feb2050 US912810SL35 4,040,000 USD 2.00 02/15/2050 5,667,230 - Fixed Income
3.55% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug2049 US912810SJ88 3,810,000 USD 2.25 08/15/2049 5,635,047 - Fixed Income
3.48% UNITED STATES TREASURY NOTE/BOND 3.13% 15May2048 US912810SC36 3,197,000 USD 3.13 05/15/2048 5,522,398 - Fixed Income
3.45% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 1.25% 15May2050 US912810SN90 4,695,000 USD 1.25 05/15/2050 5,469,844 - Fixed Income
3.23% UNITED STATES TREASURY NOTE/BOND 3% 15Feb2048 US912810SA79 3,020,000 USD 3.00 02/15/2048 5,128,310 - Fixed Income
3.12% UNITED STATES TREASURY NOTE/BOND 2.38% 15Nov2049 US912810SK51 3,280,000 USD 2.38 11/15/2049 4,955,827 - Fixed Income
2.80% UNITED STATES TREASURY NOTE/BOND 3.63% 15Feb2044 US912810RE01 2,421,000 USD 3.63 02/15/2044 4,443,136 - Fixed Income
2.71% UNITED STATES TREASURY NOTE/BOND 3.13% 15Aug2044 US912810RH32 2,519,000 USD 3.13 08/15/2044 4,301,700 - Fixed Income
2.70% UNITED STATES TREASURY NOTE/BOND 2.75% 15Nov2047 US912810RZ30 2,653,000 USD 2.75 11/15/2047 4,282,523 - Fixed Income
2.65% UNITED STATES TREASURY NOTE/BOND 3.38% 15May2044 US912810RG58 2,383,000 USD 3.38 05/15/2044 4,195,899 - Fixed Income
2.63% UNITED STATES TREASURY NOTE/BOND 2.5% 15Feb2045 US912810RK60 2,710,000 USD 2.50 02/15/2045 4,176,620 - Fixed Income
2.62% UNITED STATES TREASURY NOTE/BOND 2.75% 15Aug2047 US912810RY64 2,566,000 USD 2.75 08/15/2047 4,162,219 - Fixed Income
2.53% UNITED STATES TREASURY NOTE/BOND 3% 15Feb2047 US912810RV26 2,369,000 USD 3.00 02/15/2047 4,007,097 - Fixed Income
2.52% UNITED STATES TREASURY NOTE/BOND 2.88% 15May2043 US912810RB61 2,459,000 USD 2.88 05/15/2043 4,002,261 - Fixed Income
2.45% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug2046 US912810RT79 2,632,000 USD 2.25 08/15/2046 3,880,624 - Fixed Income
2.42% UNITED STATES TREASURY NOTE/BOND 2.5% 15Feb2046 US912810RQ31 2,483,000 USD 2.50 02/15/2046 3,834,281 - Fixed Income
2.42% UNITED STATES TREASURY NOTE/BOND 3% 15Nov2044 US912810RJ97 2,308,000 USD 3.00 11/15/2044 3,842,614 - Fixed Income
2.37% UNITED STATES TREASURY NOTE/BOND 3% 15May2045 US912810RM27 2,255,000 USD 3.00 05/15/2045 3,762,086 - Fixed Income
2.35% UNITED STATES TREASURY NOTE/BOND 2.5% 15May2046 US912810RS96 2,428,000 USD 2.50 05/15/2046 3,729,818 - Fixed Income
2.32% UNITED STATES TREASURY NOTE/BOND 2.88% 15Aug2045 US912810RN00 2,236,000 USD 2.88 08/15/2045 3,680,247 - Fixed Income
2.31% UNITED STATES TREASURY NOTE/BOND 2.88% 15Nov2046 US912810RU43 2,234,000 USD 2.88 11/15/2046 3,670,653 - Fixed Income
2.27% UNITED STATES TREASURY NOTE/BOND 3.63% 15Aug2043 US912810RC45 1,967,000 USD 3.63 08/15/2043 3,602,423 - Fixed Income
2.25% UNITED STATES TREASURY NOTE/BOND 3.75% 15Nov2043 US912810RD28 1,924,000 USD 3.75 11/15/2043 3,567,099 - Fixed Income
1.87% UNITED STATES TREASURY NOTE/BOND 3.13% 15Feb2043 US912810QZ49 1,749,000 USD 3.13 02/15/2043 2,973,373 - Fixed Income
1.86% UNITED STATES TREASURY NOTE/BOND 3% 15May2047 US912810RX81 1,748,000 USD 3.00 05/15/2047 2,942,962 - Fixed Income
1.81% UNITED STATES TREASURY NOTE/BOND 2.75% 15Nov2042 US912810QY73 1,800,000 USD 2.75 11/15/2042 2,870,472 - Fixed Income
1.61% UNITED STATES TREASURY NOTE/BOND 1.63% 15Nov2050 US912810SS87 2,000,000 USD 1.63 11/15/2050 2,558,371 - Fixed Income
1.40% UNITED STATES TREASURY NOTE/BOND 4.75% 15Feb2041 US912810QN19 1,065,000 USD 4.75 02/15/2041 2,213,134 - Fixed Income
1.35% UNITED STATES TREASURY NOTE/BOND 2.75% 15Aug2042 US912810QX90 1,333,000 USD 2.75 08/15/2042 2,139,940 - Fixed Income
1.30% UNITED STATES TREASURY NOTE/BOND 3% 15Nov2045 US912810RP57 1,236,000 USD 3.00 11/15/2045 2,067,776 - Fixed Income
1.27% UNITED STATES TREASURY NOTE/BOND 3.13% 15Feb2042 US912810QU51 1,182,000 USD 3.13 02/15/2042 2,008,519 - Fixed Income
1.22% UNITED STATES TREASURY NOTE/BOND 4.38% 15May2041 US912810QQ40 975,000 USD 4.38 05/15/2041 1,928,176 - Fixed Income
1.12% UNITED STATES TREASURY NOTE/BOND 3.75% 15Aug2041 US912810QS06 962,000 USD 3.75 08/15/2041 1,774,129 - Fixed Income
1.07% UNITED STATES TREASURY NOTE/BOND 3% 15May2042 US912810QW18 1,025,000 USD 3.00 05/15/2042 1,698,493 - Fixed Income
1.03% UNITED STATES TREASURY NOTE/BOND 3.13% 15Nov2041 US912810QT88 965,000 USD 3.13 11/15/2041 1,625,958 - Fixed Income
0.36% CASH - 1 CAD - - 563,577 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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