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Overview

Fund Profile

Key Facts

Fund Ticker ZTL
Net Assets (Mn)
(Sep 18, 2019)
$ 34.76
Base Currency CAD
Closing Market Price $ 58.65
12-Month Low/High (Market Price) $ 45.86 / $ 61.44
Closing NAV Price
(Sep 18, 2019)
$ 58.3224
12-Month Low/High (Price (NAV)) $ 45.9303 / $ 61.4377
Weighted Average Term (Years) 25.05
Weighted Average Coupon (%) 3.27%
Annualized Distribution Yield
(Sep 13, 2019)

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

2.45%
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.

2.31%
Weighted Average Duration (Years) 18.13
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.23%
Market Volume 2,381
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 28, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 596
Index Bloomberg Barclays U.S. Long Treasury Bond Index
Exchange NEO
CUSIP 05582Y100
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. Long Treasury Bond Index, net of expenses. The Fund invests in a variety of U.S. Treasuries primarily with a term to maturity greater than ten years.

Benchmark

The Bloomberg Barclays U.S. Long Treasury Bond Index consists of U.S. Treasury bonds denominated in Canadian dollars, with an effective term to maturity greater than 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 US Treasury bonds
  • Includes bonds with greater than 10 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)
(Sep 18, 2019)
$ 34.76
Market Price $ 58.65
12-Month Low/High (Market Price) $ 45.86 / $ 61.44
Price (NAV) $ 58.3224
12-Month Low/High (Price (NAV)) $ 45.9303 / $ 61.4377
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 58.65 $ 0.67 1.16%
Price (NAV) $ 58.3224 $ 0.4084 0.71%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 27.03% 13.37% - - - 10.11%
Index 26.56% 13.13% - - - 10.64%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017
NAV 19.42% 6.84% -0.27%
Index 19.51% 7.00% 0.70%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 19.42% 11.69% 10.41% 24.99% 27.03% 28.52% - - - 27.25%
Index 19.51% 11.82% 10.24% 24.63% 26.56% 27.99% - - - 28.77%

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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 0.350000 0.000000 0.350000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.350000 0.000000 0.350000
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 Sep 18, 2019

Fixed Income

91.11%

Cash and Cash Equivalents

8.89%

Number of Holdings

52

Total Net Assets

$ 34,760,121.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.52% UNITED STATES TREASURY NOTE/BOND 3% 15Feb2049 US912810SF66 955,000 USD 3.00 02/15/2049 1,478,811 - Fixed Income
3.44% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 2.88% 15May2049 US912810SH23 950,000 USD 2.88 05/15/2049 1,447,210 - Fixed Income
3.24% UNITED STATES TREASURY NOTE/BOND 3% 15Feb2047 US912810RV26 884,000 USD 3.00 02/15/2047 1,362,626 - Fixed Income
3.08% UNITED STATES TREASURY NOTE/BOND 2.75% 15Aug2047 US912810RY64 881,000 USD 2.75 08/15/2047 1,296,078 - Fixed Income
3.01% UNITED STATES TREASURY NOTE/BOND 3.38% 15Nov2048 US912810SE91 760,000 USD 3.38 11/15/2048 1,267,788 - Fixed Income
2.92% UNITED STATES TREASURY NOTE/BOND 2.5% 15May2046 US912810RS96 873,000 USD 2.50 05/15/2046 1,229,085 - Fixed Income
2.79% UNITED STATES TREASURY NOTE/BOND 3% 15Aug2048 US912810SD19 760,000 USD 3.00 08/15/2048 1,175,124 - Fixed Income
2.79% UNITED STATES TREASURY NOTE/BOND 3.75% 15Nov2043 US912810RD28 679,000 USD 3.75 11/15/2043 1,174,013 - Fixed Income
2.66% UNITED STATES TREASURY NOTE/BOND 3.38% 15May2044 US912810RG58 683,000 USD 3.38 05/15/2044 1,116,943 - Fixed Income
2.53% UNITED STATES TREASURY NOTE/BOND 3.63% 15Feb2044 US912810RE01 631,000 USD 3.63 02/15/2044 1,064,607 - Fixed Income
2.41% UNITED STATES TREASURY NOTE/BOND 2.88% 15May2043 US912810RB61 674,000 USD 2.88 05/15/2043 1,013,905 - Fixed Income
2.35% UNITED STATES TREASURY NOTE/BOND 3.13% 15Aug2044 US912810RH32 634,000 USD 3.13 08/15/2044 990,014 - Fixed Income
2.31% UNITED STATES TREASURY NOTE/BOND 3% 15Feb2048 US912810SA79 630,000 USD 3.00 02/15/2048 972,154 - Fixed Income
2.30% UNITED STATES TREASURY NOTE/BOND 2.88% 15Aug2045 US912810RN00 646,000 USD 2.88 08/15/2045 968,440 - Fixed Income
2.28% UNITED STATES TREASURY NOTE/BOND 3% 15Nov2044 US912810RJ97 623,000 USD 3.00 11/15/2044 959,271 - Fixed Income
2.28% UNITED STATES TREASURY NOTE/BOND 3% 15Nov2045 US912810RP57 621,000 USD 3.00 11/15/2045 959,285 - Fixed Income
2.27% UNITED STATES TREASURY NOTE/BOND 3% 15May2045 US912810RM27 620,000 USD 3.00 05/15/2045 956,334 - Fixed Income
2.26% UNITED STATES TREASURY NOTE/BOND 2.5% 15Feb2045 US912810RK60 680,000 USD 2.50 02/15/2045 951,453 - Fixed Income
2.22% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 2.25% 15Aug2049 US912810SJ88 700,000 USD 2.25 08/15/2049 932,542 - Fixed Income
2.11% UNITED STATES TREASURY NOTE/BOND 2.75% 15Nov2047 US912810RZ30 598,000 USD 2.75 11/15/2047 885,580 - Fixed Income
2.11% UNITED STATES TREASURY NOTE/BOND 3.63% 15Aug2043 US912810RC45 527,000 USD 3.63 08/15/2043 887,172 - Fixed Income
2.08% UNITED STATES TREASURY NOTE/BOND 3% 15May2047 US912810RX81 563,000 USD 3.00 05/15/2047 873,087 - Fixed Income
2.08% UNITED STATES TREASURY NOTE/BOND 2.88% 15Nov2046 US912810RU43 579,000 USD 2.88 11/15/2046 876,530 - Fixed Income
1.96% UNITED STATES TREASURY NOTE/BOND 2.5% 15Feb2046 US912810RQ31 588,000 USD 2.50 02/15/2046 822,727 - Fixed Income
1.94% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug2046 US912810RT79 612,000 USD 2.25 08/15/2046 814,813 - Fixed Income
1.73% UNITED STATES TREASURY NOTE/BOND 4.5% 15Feb2036 US912810FT08 402,500 USD 4.50 02/15/2036 729,023 - Fixed Income
1.66% UNITED STATES TREASURY NOTE/BOND 3.13% 15Feb2043 US912810QZ49 449,000 USD 3.13 02/15/2043 698,707 - Fixed Income
1.57% UNITED STATES TREASURY NOTE/BOND 4.63% 15Feb2040 US912810QE10 349,000 USD 4.63 02/15/2040 661,885 - Fixed Income
1.54% UNITED STATES TREASURY NOTE/BOND 2.75% 15Nov2042 US912810QY73 440,000 USD 2.75 11/15/2042 647,756 - Fixed Income
1.37% UNITED STATES TREASURY NOTE/BOND 4.38% 15May2040 US912810QH41 310,000 USD 4.38 05/15/2040 575,517 - Fixed Income
1.35% UNITED STATES TREASURY NOTE/BOND 2.75% 15Aug2042 US912810QX90 388,000 USD 2.75 08/15/2042 568,228 - Fixed Income
1.34% UNITED STATES TREASURY NOTE/BOND 4.75% 15Feb2041 US912810QN19 290,000 USD 4.75 02/15/2041 561,537 - Fixed Income
1.31% UNITED STATES TREASURY NOTE/BOND 4.25% 15Nov2040 US912810QL52 301,000 USD 4.25 11/15/2040 550,889 - Fixed Income
1.21% UNITED STATES TREASURY NOTE/BOND 4.38% 15Nov2039 US912810QD37 275,000 USD 4.38 11/15/2039 509,158 - Fixed Income
1.05% UNITED STATES TREASURY NOTE/BOND 3.88% 15Aug2040 US912810QK79 255,000 USD 3.88 08/15/2040 441,008 - Fixed Income
1.04% UNITED STATES TREASURY NOTE/BOND 3.13% 15Feb2042 US912810QU51 282,000 USD 3.13 02/15/2042 439,007 - Fixed Income
1.00% UNITED STATES TREASURY NOTE/BOND 3.75% 15Aug2041 US912810QS06 247,000 USD 3.75 08/15/2041 420,722 - Fixed Income
0.98% UNITED STATES TREASURY NOTE/BOND 4.38% 15May2041 US912810QQ40 220,000 USD 4.38 05/15/2041 410,133 - Fixed Income
0.93% UNITED STATES TREASURY NOTE/BOND 4.25% 15May2039 US912810QB70 215,000 USD 4.25 05/15/2039 390,954 - Fixed Income
0.91% UNITED STATES TREASURY NOTE/BOND 5.38% 15Feb2031 US912810FP85 210,000 USD 5.38 02/15/2031 382,262 - Fixed Income
0.86% UNITED STATES TREASURY NOTE/BOND 4.5% 15Aug2039 US912810QC53 193,000 USD 4.50 08/15/2039 359,625 - Fixed Income
0.84% UNITED STATES TREASURY NOTE/BOND 3.13% 15Nov2041 US912810QT88 225,000 USD 3.13 11/15/2041 352,523 - Fixed Income
0.79% UNITED STATES TREASURY NOTE/BOND 3% 15May2042 US912810QW18 215,000 USD 3.00 05/15/2042 330,166 - Fixed Income
0.76% UNITED STATES TREASURY NOTE/BOND 6.25% 15May2030 US912810FM54 165,000 USD 6.25 05/15/2030 318,142 - Fixed Income
0.73% UNITED STATES TREASURY NOTE/BOND 3.5% 15Feb2039 US912810QA97 187,000 USD 3.50 02/15/2039 306,658 - Fixed Income
0.54% UNITED STATES TREASURY NOTE/BOND 4.5% 15May2038 US912810PX00 122,000 USD 4.50 05/15/2038 227,383 - Fixed Income
0.52% UNITED STATES TREASURY NOTE/BOND 5% 15May2037 US912810PU60 113,000 USD 5.00 05/15/2037 220,666 - Fixed Income
0.52% UNITED STATES TREASURY NOTE/BOND 4.38% 15Feb2038 US912810PW27 120,000 USD 4.38 02/15/2038 218,275 - Fixed Income
0.39% UNITED STATES TREASURY NOTE/BOND 4.75% 15Feb2037 US912810PT97 87,000 USD 4.75 02/15/2037 163,693 - Fixed Income
8.89% CASH - 1 CAD - - 3,736,354 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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