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Overview

Fund Profile

Key Facts

Fund Ticker ZTM.U
Net Assets (Mn)
(Feb 25, 2020)
$ 5.14
Base Currency USD
Closing Market Price $ 53.47
12-Month Low/High (Market Price) $ 49.67 / $ 53.66
Closing NAV Price
(Feb 25, 2020)
$ 54.1377
12-Month Low/High (Price (NAV)) $ 49.5852 / $ 54.1377
Weighted Average Term (Years) 6.96
Weighted Average Coupon (%) 2.34%
Annualized Distribution Yield
(Feb 21, 2020)

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

1.94%
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.

1.40%
Weighted Average Duration (Years) 6.41
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.24%
Market Volume 280
Distribution Frequency Quarterly
Options Available No
Inception Date Feb 28, 2017
Fiscal Year-End December 15
Units Outstanding (000's) 95
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 with an effective term to maturity between five and ten years and greater than $300 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)
(Feb 25, 2020)
$ 5.14
Market Price $ 53.47
12-Month Low/High (Market Price) $ 49.67 / $ 53.66
Price (NAV) $ 54.1377
12-Month Low/High (Price (NAV)) $ 49.5852 / $ 54.1377
Distribution Frequency Quarterly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 53.47 - -
Price (NAV) $ 54.1377 $ 0.1386 0.26%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 9.36% 6.50% - - - 4.01%
Index 9.59% 6.66% - - - 4.31%
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018 2017
NAV 2.67% 7.19% 1.16% 0.76%
Index 2.65% 7.48% 1.22% 1.31%
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.67% 2.67% 1.53% 4.10% 9.36% 13.42% - - - 12.18%
Index 2.65% 2.65% 1.65% 4.21% 9.59% 13.75% - - - 13.13%

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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 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
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 Feb 25, 2020

Fixed Income

98.33%

Cash and Cash Equivalents

1.67%

Number of Holdings

46

Total Net Assets

$ 5,143,079.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.91% UNITED STATES TREASURY NOTE/BOND 2.88% 15Aug2028 US9128284V99 670,000 USD 2.88 08/15/2028 1,003,744 - Fixed Income
3.90% UNITED STATES TREASURY NOTE/BOND 3.13% 15Nov2028 US9128285M81 650,000 USD 3.13 11/15/2028 1,000,581 - Fixed Income
3.74% UNITED STATES TREASURY NOTE/BOND - WI REOPENING 2.63% 15Feb2029 US9128286B18 650,000 USD 2.63 02/15/2029 960,338 - Fixed Income
3.70% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 2.38% 15May2029 US9128286T26 650,000 USD 2.38 05/15/2029 948,520 - Fixed Income
3.61% UNITED STATES TREASURY NOTE/BOND 2.25% 15Aug2027 US9128282R06 650,000 USD 2.25 08/15/2027 925,120 - Fixed Income
3.23% UNITED STATES TREASURY NOTE/BOND 1.63% 15Feb2026 US912828P469 610,000 USD 1.63 02/15/2026 829,998 - Fixed Income
3.20% UNITED STATES TREASURY NOTE/BOND 2.38% 15May2027 US912828X885 570,000 USD 2.38 05/15/2027 821,122 - Fixed Income
3.13% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov2027 US9128283F58 560,000 USD 2.25 11/15/2027 802,496 - Fixed Income
3.12% UNITED STATES TREASURY NOTE/BOND 1.63% 30Nov2026 US912828YU85 585,000 USD 1.63 11/30/2026 799,572 - Fixed Income
3.08% UNITED STATES TREASURY NOTE/BOND 1.5% 15Aug2026 US9128282A70 585,000 USD 1.50 08/15/2026 790,479 - Fixed Income
3.08% UNITED STATES TREASURY NOTE/BOND 2.88% 15May2028 US9128284N73 525,000 USD 2.88 05/15/2028 789,567 - Fixed Income
3.06% UNITED STATES TREASURY NOTE/BOND 2% 15Nov2026 US912828U246 560,000 USD 2.00 11/15/2026 784,516 - Fixed Income
2.97% UNITED STATES TREASURY NOTE/BOND 2.75% 15Feb2028 US9128283W81 515,000 USD 2.75 02/15/2028 761,342 - Fixed Income
2.93% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 1.63% 15Aug2029 US912828YB05 550,000 USD 1.63 08/15/2029 750,644 - Fixed Income
2.78% UNITED STATES TREASURY NOTE/BOND - WHEN ISSUED 1.75% 15Nov2029 US912828YS30 515,000 USD 1.75 11/15/2029 713,808 - Fixed Income
2.74% UNITED STATES TREASURY NOTE/BOND 2.25% 15Feb2027 US912828V988 495,000 USD 2.25 02/15/2027 702,150 - Fixed Income
2.65% UNITED STATES TREASURY NOTE/BOND 2.25% 15Nov2025 US912828M565 480,000 USD 2.25 11/15/2025 678,687 - Fixed Income
2.49% UNITED STATES TREASURY NOTE/BOND 2% 15Aug2025 US912828K742 460,000 USD 2.00 08/15/2025 637,734 - Fixed Income
2.45% UNITED STATES TREASURY NOTE/BOND 2.38% 30Apr2026 US9128286S43 440,000 USD 2.38 04/30/2026 629,303 - Fixed Income
2.43% UNITED STATES TREASURY NOTE/BOND 1.88% 31Jul2026 US912828Y958 450,000 USD 1.88 07/31/2026 622,622 - Fixed Income
2.24% UNITED STATES TREASURY NOTE/BOND 2.13% 15May2025 US912828XB14 410,000 USD 2.13 05/15/2025 574,236 - Fixed Income
2.22% UNITED STATES TREASURY NOTE/BOND 2.25% 31Mar2026 US9128286L99 400,000 USD 2.25 03/31/2026 568,516 - Fixed Income
2.16% UNITED STATES TREASURY NOTE/BOND 1.63% 15May2026 US912828R366 405,000 USD 1.63 05/15/2026 553,508 - Fixed Income
2.05% UNITED STATES TREASURY NOTE/BOND 2% 15Feb2025 US912828J272 380,000 USD 2.00 02/15/2025 525,561 - Fixed Income
1.88% UNITED STATES TREASURY NOTE/BOND 2.5% 28Feb2026 US9128286F22 335,000 USD 2.50 02/28/2026 483,628 - Fixed Income
1.87% UNITED STATES TREASURY NOTE/BOND 3% 30Sep2025 US9128285C00 325,000 USD 3.00 09/30/2025 479,252 - Fixed Income
1.87% UNITED STATES TREASURY NOTE/BOND 3% 31Oct2025 US9128285J52 325,000 USD 3.00 10/31/2025 478,647 - Fixed Income
1.68% UNITED STATES TREASURY NOTE/BOND 2.63% 31Dec2025 US9128285T35 300,000 USD 2.63 12/31/2025 432,202 - Fixed Income
1.60% UNITED STATES TREASURY NOTE/BOND 1.63% 31Oct2026 US912828YQ73 300,000 USD 1.63 10/31/2026 410,523 - Fixed Income
1.60% UNITED STATES TREASURY NOTE/BOND 2.63% 31Jan2026 US9128286A35 285,000 USD 2.63 01/31/2026 409,996 - Fixed Income
1.50% UNITED STATES TREASURY NOTE/BOND 2.75% 31Aug2025 US9128284Z04 265,000 USD 2.75 08/31/2025 386,079 - Fixed Income
1.50% UNITED STATES TREASURY NOTE/BOND 2.88% 31May2025 US9128284R87 265,000 USD 2.88 05/31/2025 385,015 - Fixed Income
1.48% UNITED STATES TREASURY NOTE/BOND 1.88% 30Jun2026 US9128287B09 275,000 USD 1.88 06/30/2026 380,951 - Fixed Income
1.47% UNITED STATES TREASURY NOTE/BOND 2.88% 30Apr2025 US9128284M90 260,000 USD 2.88 04/30/2025 378,193 - Fixed Income
1.47% UNITED STATES TREASURY NOTE/BOND 2.88% 31Jul2025 US912828Y792 260,000 USD 2.88 07/31/2025 376,852 - Fixed Income
1.45% UNITED STATES TREASURY NOTE/BOND 1.38% 31Aug2026 US912828YD60 275,000 USD 1.38 08/31/2026 371,055 - Fixed Income
1.42% UNITED STATES TREASURY NOTE/BOND 2.88% 30Nov2025 US9128285N64 250,000 USD 2.88 11/30/2025 365,350 - Fixed Income
1.13% UNITED STATES TREASURY NOTE/BOND 2.75% 28Feb2025 US9128283Z13 200,000 USD 2.75 02/28/2025 289,810 - Fixed Income
1.12% UNITED STATES TREASURY NOTE/BOND 2.13% 31May2026 US9128286X38 205,000 USD 2.13 05/31/2026 288,533 - Fixed Income
1.12% UNITED STATES TREASURY NOTE/BOND 2.75% 30Jun2025 US912828XZ81 200,000 USD 2.75 06/30/2025 288,475 - Fixed Income
0.99% UNITED STATES TREASURY NOTE/BOND 1.63% 30Sep2026 US912828YG91 185,000 USD 1.63 09/30/2026 253,444 - Fixed Income
0.90% UNITED STATES TREASURY NOTE/BOND 2.63% 31Mar2025 US9128284F40 160,000 USD 2.63 03/31/2025 230,131 - Fixed Income
0.56% UNITED STATES TREASURY NOTE/BOND 5.25% 15Nov2028 US912810FF04 80,000 USD 5.25 11/15/2028 142,558 - Fixed Income
0.52% UNITED STATES TREASURY NOTE/BOND 5.25% 15Feb2029 US912810FG86 75,000 USD 5.25 02/15/2029 133,132 - Fixed Income
0.36% UNITED STATES TREASURY NOTE/BOND 6.13% 15Nov2027 US912810FB99 50,000 USD 6.13 11/15/2027 91,529 - Fixed Income
1.67% CASH - 1 CAD - - 427,699 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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