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Overview

Fund Profile

Key Facts

Fund Ticker ZTM.U
Net Assets (Mn)
(Sep 18, 2019)
$ 3.69
Base Currency USD
Closing Market Price $ 52.46
12-Month Low/High (Market Price) $ 47.97 / $ 53.66
Closing NAV Price
(Sep 18, 2019)
$ 52.6919
12-Month Low/High (Price (NAV)) $ 47.7470 / $ 53.8295
Weighted Average Term (Years) 7.02
Weighted Average Coupon (%) 2.41%
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.

1.91%
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.

1.83%
Weighted Average Duration (Years) 6.40
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.24%
Market Volume 95
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 28, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 70
Index Bloomberg Barclays U.S. Treasury 5 - 10 Year Bond Index
Exchange NEO
CUSIP 05583N202
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Mid-Term US Treasury Bond Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg Barclays U.S. Treasury 5 – 10 Year Bond Index, net of expenses. The Fund invests in a variety of U.S. Treasuries primarily with a term to maturity between five and ten years.

Benchmark Info

The Bloomberg Barclays U.S. Treasury 5 - 10 Year Bond Index consists of U.S. Treasury bonds denominated in Canadian dollars, with an effective term to maturity between five and 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 U.S. Treasury bonds
  • Includes bonds with five to ten 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)
$ 3.69
Market Price $ 52.46
12-Month Low/High (Market Price) $ 47.97 / $ 53.66
Price (NAV) $ 52.6919
12-Month Low/High (Price (NAV)) $ 47.7470 / $ 53.8295
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 52.46 - -
Price (NAV) $ 52.6919 $ 0.0119 0.02%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 11.65% 4.19% - - - 4.32%
Index 11.80% 4.34% - - - 4.66%
Calendar Performance

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

YTD 2018 2017
NAV 9.06% 1.16% 0.76%
Index 9.28% 1.22% 1.31%
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 9.06% 3.15% 4.14% 8.79% 11.65% 8.55% - - - 11.16%
Index 9.28% 3.22% 4.30% 8.89% 11.80% 8.87% - - - 12.06%

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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 0.250000 0.000000 0.250000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.250000 0.000000 0.250000
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

95.68%

Cash and Cash Equivalents

4.32%

Number of Holdings

46

Total Net Assets

$ 3,688,430.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.99% UNITED STATES TREASURY NOTE/BOND 3.13% 15Nov2028 US9128285M81 550,000 USD 3.13 11/15/2028 820,243 - Fixed Income
3.38% UNITED STATES TREASURY NOTE/BOND 2% 15Nov2026 US912828U246 510,000 USD 2.00 11/15/2026 693,770 - Fixed Income
3.35% UNITED STATES TREASURY NOTE/BOND 2.88% 15Aug2028 US9128284V99 475,000 USD 2.88 08/15/2028 689,014 - Fixed Income
3.32% UNITED STATES TREASURY NOTE/BOND 2.25% 15Feb2027 US912828V988 495,000 USD 2.25 02/15/2027 681,647 - Fixed Income
3.30% UNITED STATES TREASURY NOTE/BOND 2.63% 15Feb2029 US9128286B18 475,000 USD 2.63 02/15/2029 677,812 - Fixed Income
3.28% UNITED STATES TREASURY NOTE/BOND 1.63% 15Feb2026 US912828P469 510,000 USD 1.63 02/15/2026 673,610 - Fixed Income
3.20% UNITED STATES TREASURY NOTE/BOND 2.38% 15May2027 US912828X885 470,000 USD 2.38 05/15/2027 657,161 - Fixed Income
3.10% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov2027 US9128283F58 460,000 USD 2.25 11/15/2027 638,041 - Fixed Income
3.09% UNITED STATES TREASURY NOTE/BOND 1.5% 15Aug2026 US9128282A70 485,000 USD 1.50 08/15/2026 634,871 - Fixed Income
3.01% UNITED STATES TREASURY NOTE/BOND 2.88% 15May2028 US9128284N73 425,000 USD 2.88 05/15/2028 619,398 - Fixed Income
2.94% UNITED STATES TREASURY NOTE/BOND 1.88% 31Jul2026 US912828Y958 450,000 USD 1.88 07/31/2026 604,400 - Fixed Income
2.93% UNITED STATES TREASURY NOTE/BOND 2.75% 15Feb2028 US9128283W81 420,000 USD 2.75 02/15/2028 601,752 - Fixed Income
2.91% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 2.38% 15May2029 US9128286T26 425,000 USD 2.38 05/15/2029 598,098 - Fixed Income
2.73% UNITED STATES TREASURY NOTE/BOND 2.13% 15May2025 US912828XB14 410,000 USD 2.13 05/15/2025 560,525 - Fixed Income
2.70% UNITED STATES TREASURY NOTE/BOND 2% 15Aug2025 US912828K742 410,000 USD 2.00 08/15/2025 554,161 - Fixed Income
2.68% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug2027 US9128282R06 400,000 USD 2.25 08/15/2027 551,573 - Fixed Income
2.61% UNITED STATES TREASURY NOTE/BOND 1.63% 15May2026 US912828R366 405,000 USD 1.63 05/15/2026 537,028 - Fixed Income
2.55% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov2025 US912828M565 380,000 USD 2.25 11/15/2025 523,839 - Fixed Income
2.51% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov2024 US912828G385 375,000 USD 2.25 11/15/2024 515,547 - Fixed Income
2.50% UNITED STATES TREASURY NOTE/BOND 2% 15Feb2025 US912828J272 380,000 USD 2.00 02/15/2025 513,297 - Fixed Income
2.29% UNITED STATES TREASURY NOTE/BOND 2.5% 31Jan2025 US9128283V09 340,000 USD 2.50 01/31/2025 471,670 - Fixed Income
2.23% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 1.63% 15Aug2029 US912828YB05 350,000 USD 1.63 08/15/2029 458,795 - Fixed Income
1.94% UNITED STATES TREASURY NOTE/BOND 2.25% 31Dec2024 US9128283P31 290,000 USD 2.25 12/31/2024 397,898 - Fixed Income
1.81% UNITED STATES TREASURY NOTE/BOND 2.75% 31Aug2025 US9128284Z04 265,000 USD 2.75 08/31/2025 372,825 - Fixed Income
1.79% UNITED STATES TREASURY NOTE/BOND 2.88% 31Jul2025 US912828Y792 260,000 USD 2.88 07/31/2025 368,804 - Fixed Income
1.78% UNITED STATES TREASURY NOTE/BOND 2.63% 31Mar2025 US9128284F40 260,000 USD 2.63 03/31/2025 366,281 - Fixed Income
1.74% UNITED STATES TREASURY NOTE/BOND 2.88% 30Nov2025 US9128285N64 250,000 USD 2.88 11/30/2025 357,205 - Fixed Income
1.63% UNITED STATES TREASURY NOTE/BOND 2.38% 30Apr2026 US9128286S43 240,000 USD 2.38 04/30/2026 334,279 - Fixed Income
1.61% UNITED STATES TREASURY NOTE/BOND 2.25% 31Oct2024 US9128283D01 240,000 USD 2.25 10/31/2024 330,345 - Fixed Income
1.59% UNITED STATES TREASURY NOTE/BOND 2.5% 28Feb2026 US9128286F22 235,000 USD 2.50 02/28/2026 327,013 - Fixed Income
1.37% UNITED STATES TREASURY NOTE/BOND 2.75% 30Jun2025 US912828XZ81 200,000 USD 2.75 06/30/2025 282,263 - Fixed Income
1.37% UNITED STATES TREASURY NOTE/BOND 2.13% 31May2026 US9128286X38 205,000 USD 2.13 05/31/2026 280,571 - Fixed Income
1.37% UNITED STATES TREASURY NOTE/BOND 2.63% 31Dec2025 US9128285T35 200,000 USD 2.63 12/31/2025 281,191 - Fixed Income
1.36% UNITED STATES TREASURY NOTE/BOND 2.75% 28Feb2025 US9128283Z13 200,000 USD 2.75 02/28/2025 280,464 - Fixed Income
1.35% UNITED STATES TREASURY NOTE/BOND 2.25% 31Mar2026 US9128286L99 200,000 USD 2.25 03/31/2026 276,785 - Fixed Income
1.33% UNITED STATES TREASURY NOTE/BOND 2.13% 30Nov2024 US9128283J70 200,000 USD 2.13 11/30/2024 273,019 - Fixed Income
1.33% UNITED STATES TREASURY NOTE/BOND 2.13% 30Sep2024 US9128282Y56 200,000 USD 2.13 09/30/2024 273,923 - Fixed Income
1.26% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 2.63% 31Jan2026 US9128286A35 185,000 USD 2.63 01/31/2026 259,643 - Fixed Income
1.23% UNITED STATES TREASURY NOTE/BOND 3% 30Sep2025 US9128285C00 175,000 USD 3.00 09/30/2025 252,617 - Fixed Income
1.23% UNITED STATES TREASURY NOTE/BOND 3% 31Oct2025 US9128285J52 175,000 USD 3.00 10/31/2025 252,228 - Fixed Income
1.14% UNITED STATES TREASURY NOTE/BOND 2.88% 31May2025 US9128284R87 165,000 USD 2.88 05/31/2025 234,797 - Fixed Income
1.11% UNITED STATES TREASURY NOTE/BOND 2.88% 30Apr2025 US9128284M90 160,000 USD 2.88 04/30/2025 228,056 - Fixed Income
0.68% UNITED STATES TREASURY NOTE/BOND 5.25% 15Nov2028 US912810FF04 80,000 USD 5.25 11/15/2028 139,241 - Fixed Income
0.63% UNITED STATES TREASURY NOTE/BOND 5.25% 15Feb2029 US912810FG86 75,000 USD 5.25 02/15/2029 129,939 - Fixed Income
0.44% UNITED STATES TREASURY NOTE/BOND 6.13% 15Nov2027 US912810FB99 50,000 USD 6.13 11/15/2027 89,773 - Fixed Income
4.32% CASH - 1 CAD - - 888,201 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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