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Overview

Fund Profile

Key Facts

Fund Ticker ZUS.U
Net Assets (Mn)
(Feb 14, 2020)
$ 58.99
Base Currency USD
Closing Market Price $ 49.58
12-Month Low/High (Market Price) $ 49.54 / $ 50.01
Closing NAV Price
(Feb 14, 2020)
$ 49.5712
12-Month Low/High (Price (NAV)) $ 49.5256 / $ 49.9862
Weighted Average Term (Years) 0.45
Weighted Average Coupon (%) 2.72%
Annualized Distribution Yield
(Feb 07, 2020)

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

3.15%
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.

1.91%
Weighted Average Duration (Years) 0.42
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.

Market Volume 868
Distribution Frequency Monthly
Options Available No
Inception Date Feb 15, 2019
Fiscal Year-End December 31
Units Outstanding (000's) 1,190
Index -
Exchange Toronto Stock Exchange
CUSIP 05586U104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Ultra Short-Term US Bond ETF has been designed to provide exposure to a diversified mix of short-term U.S. fixed income asset classes, with a term to maturity of less than one year or reset dates within one year. The Fund currently invests in U.S. investment grade corporate bonds, and has the ability to add exposure to government bonds, high yield bonds, floating rate notes, and preferred shares. The portfolio is re-balanced based on the portfolio manager’s fundamental analysis, relative strength indicators, and risk adjusted yield expectations. The ETF trades in U.S. dollars on the TSX.

Fund Benefits

  • Designed for investors looking for defensive income
  • Invested in a diversified portfolio of U.S. government and corporate bonds, and preferred shares
  • Includes bonds with less than one year to maturity
  • Purchased in U.S. currency
  • 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 14, 2020)
$ 58.99
Market Price $ 49.58
12-Month Low/High (Market Price) $ 49.54 / $ 50.01
Price (NAV) $ 49.5712
12-Month Low/High (Price (NAV)) $ 49.5256 / $ 49.9862
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 14, 2020)
1 Day Change 1 Day % Change
Market Price $ 49.58 - -
Price (NAV) $ 49.5712 $ -0.0011 -

Performance

Annualized Performance

Annualized Performance (%) for period ending: -

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV - - - - - -
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: -

YTD 2019
NAV - -
Index - -
Cumulative Performance

Cumulative Performance (%) for period ending: -

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV - - - - - - - - - -
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.

Download Distribution History (Excel)
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
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.120000 - 0.120000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 - - -
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
Download Distribution Tax (Excel)
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 13, 2020

Fixed Income

100.47%

Cash and Cash Equivalents

-0.47%

Number of Holdings

72

Total Net Assets

$ 58,989,730.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
4.12% BAIDU INC 3% 30Jun2020 US056752AF54 3,950,000 USD 3.00 06/30/2020 3,980,831 - Fixed Income
3.86% MORGAN STANLEY 2.8% 16Jun2020 US61761JB325 3,700,000 USD 2.80 06/16/2020 3,732,038 - Fixed Income
3.75% BECTON DICKINSON AND CO 2.4% 05Jun2020 US075887BR99 3,600,000 USD 2.40 06/05/2020 3,623,046 - Fixed Income
3.49% WELLS FARGO BANK NA 3.33% 23Jul2021 US94988J5P84 3,350,000 USD 3.33 07/23/2021 3,374,781 - Fixed Income
3.39% APPLE INC 2% 06May2020 US037833BD17 3,250,000 USD 2.00 05/06/2020 3,269,647 - Fixed Income
3.38% SUMITOMO MITSUI BANKING CORP 2.65% 23Jul2020 US865622BV55 3,250,000 USD 2.65 07/23/2020 3,267,839 - Fixed Income
3.13% EXELON CORP 2.85% 15Jun2020 US30161NAH44 3,000,000 USD 2.85 06/15/2020 3,022,661 - Fixed Income
2.91% DELTA AIR LINES INC 2.88% 13Mar2020 US247361ZK72 2,775,000 USD 2.88 03/13/2020 2,811,267 - Fixed Income
2.61% GE CAPITAL INTERNATIONAL FUNDING CO UNLIMITED CO 2.34% 15Nov2020 US36164QMS48 2,500,000 USD 2.34 11/15/2020 2,524,508 - Fixed Income
2.61% JPMORGAN CHASE & CO 2.75% 23Jun2020 US46625HLW87 2,500,000 USD 2.75 06/23/2020 2,516,504 - Fixed Income
2.60% BANK OF AMERICA CORP 2.37% 21Jul2021 US06051GGP81 2,500,000 USD 2.37 07/21/2021 2,511,034 - Fixed Income
2.45% ZIMMER BIOMET HOLDINGS INC 2.7% 01Apr2020 US98956PAK84 2,345,000 USD 2.70 04/01/2020 2,370,910 - Fixed Income
2.34% FORD MOTOR CREDIT CO LLC 3.16% 04Aug2020 US345397XK41 2,250,000 USD 3.16 08/04/2020 2,264,054 - Fixed Income
2.34% PNC BANK NA 2% 19May2020 US69353RFC79 2,250,000 USD 2.00 05/19/2020 2,261,898 - Fixed Income
2.24% CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 3.58% 23Jul2020 US161175AX26 2,150,000 USD 3.58 07/23/2020 2,167,000 - Fixed Income
2.21% GOLDMAN SACHS GROUP INC/THE 2.75% 15Sep2020 US38141GVP61 2,100,000 USD 2.75 09/15/2020 2,135,208 - Fixed Income
2.19% GENERAL MOTORS FINANCIAL CO INC 3.2% 13Jul2020 US37045XAY22 2,100,000 USD 3.20 07/13/2020 2,114,868 - Fixed Income
2.10% CITIGROUP INC 2.65% 26Oct2020 US172967KB60 2,000,000 USD 2.65 10/26/2020 2,029,128 - Fixed Income
2.10% VMWARE INC 2.3% 21Aug2020 US928563AA33 2,000,000 USD 2.30 08/21/2020 2,026,494 - Fixed Income
2.09% COLUMBIA PIPELINE GROUP INC 3.3% 01Jun2020 US198280AD16 2,000,000 USD 3.30 06/01/2020 2,019,300 - Fixed Income
2.09% PEPSICO INC 2.15% 14Oct2020 US713448DC92 2,000,000 USD 2.15 10/14/2020 2,021,285 - Fixed Income
2.08% INTERNATIONAL BUSINESS MACHINES CORP 1.63% 15May2020 US459200HM60 2,000,000 USD 1.63 05/15/2020 2,008,168 - Fixed Income
1.98% GOLDMAN SACHS GROUP INC/THE 2.6% 27Dec2020 US38141GWG53 1,900,000 USD 2.60 12/27/2020 1,911,846 - Fixed Income
1.83% JPMORGAN CHASE BANK NA 3.09% 26Apr2021 US48125LRN46 1,750,000 USD 3.09 04/26/2021 1,771,659 - Fixed Income
1.78% GENERAL MOTORS FINANCIAL CO INC 2.45% 06Nov2020 US37045XCB01 1,700,000 USD 2.45 11/06/2020 1,716,901 - Fixed Income
1.70% HSBC USA INC 2.35% 05Mar2020 US40428HPR74 1,625,000 USD 2.35 03/05/2020 1,642,395 - Fixed Income
1.65% ALLERGAN FUNDING SCS 3% 12Mar2020 US00507UAP66 1,575,000 USD 3.00 03/12/2020 1,596,192 - Fixed Income
1.59% TRANSCANADA PIPELINES LTD 3.8% 01Oct2020 US893526DK63 1,500,000 USD 3.80 10/01/2020 1,534,906 - Fixed Income
1.46% AMERICAN TOWER CORP 2.8% 01Jun2020 US03027XAF78 1,400,000 USD 2.80 06/01/2020 1,411,186 - Fixed Income
1.31% DISCOVER BANK 3.1% 04Jun2020 US25466AAG67 1,250,000 USD 3.10 06/04/2020 1,261,029 - Fixed Income
1.30% FIFTH THIRD BANCORP 2.88% 27Jul2020 US316773CT59 1,250,000 USD 2.88 07/27/2020 1,256,875 - Fixed Income
1.21% REYNOLDS AMERICAN INC 3.25% 12Jun2020 US761713BE57 1,153,000 USD 3.25 06/12/2020 1,164,799 - Fixed Income
1.20% BANK OF AMERICA CORP 2.33% 01Oct2021 US06051GGS21 1,150,000 USD 2.33 10/01/2021 1,163,327 - Fixed Income
1.09% CVS HEALTH CORP 2.8% 20Jul2020 US126650CJ78 1,050,000 USD 2.80 07/20/2020 1,055,730 - Fixed Income
1.05% FORD MOTOR CREDIT CO LLC 3.2% 15Jan2021 US345397XQ11 1,000,000 USD 3.20 01/15/2021 1,011,796 - Fixed Income
1.05% GILEAD SCIENCES INC 2.55% 01Sep2020 US375558BB81 1,000,000 USD 2.55 09/01/2020 1,016,365 - Fixed Income
1.05% INTERCONTINENTAL EXCHANGE INC 2.75% 01Dec2020 US45866FAC86 1,000,000 USD 2.75 12/01/2020 1,013,508 - Fixed Income
1.05% ROYAL BANK OF CANADA 2.5% 19Jan2021 US78012KKU06 1,000,000 USD 2.50 01/19/2021 1,009,456 - Fixed Income
1.05% TORONTO-DOMINION BANK/THE 2.55% 25Jan2021 US89114QBX51 1,000,000 USD 2.55 01/25/2021 1,009,685 - Fixed Income
1.05% UNITED PARCEL SERVICE INC 3.13% 15Jan2021 US911312AM88 1,000,000 USD 3.13 01/15/2021 1,016,290 - Fixed Income
1.04% VISA INC 2.2% 14Dec2020 US92826CAB81 1,000,000 USD 2.20 12/14/2020 1,008,280 - Fixed Income
1.04% WALMART INC 1.9% 15Dec2020 US931142EA74 1,000,000 USD 1.90 12/15/2020 1,005,683 - Fixed Income
1.04% AMERICAN EXPRESS CO 2.2% 30Oct2020 US025816BP35 1,000,000 USD 2.20 10/30/2020 1,008,238 - Fixed Income
1.04% US BANCORP 2.35% 29Jan2021 US91159HHL78 1,000,000 USD 2.35 01/29/2021 1,006,244 - Fixed Income
0.95% MERCK & CO INC 3.88% 15Jan2021 US58933YAA38 900,000 USD 3.88 01/15/2021 916,108 - Fixed Income
0.78% MONDELEZ INTERNATIONAL INC 3% 07May2020 US609207AN51 750,000 USD 3.00 05/07/2020 757,474 - Fixed Income
0.63% KEYBANK NA/CLEVELAND OH 2.25% 16Mar2020 US49327M2G89 600,000 USD 2.25 03/16/2020 605,738 - Fixed Income
0.57% ABBVIE INC 2.5% 14May2020 US00287YAT64 550,000 USD 2.50 05/14/2020 554,235 - Fixed Income
0.57% AMERICAN HONDA FINANCE CORP 2% 14Feb2020 US02665WBM29 550,000 USD 2.00 02/14/2020 550,000 - Fixed Income
0.57% WELLS FARGO & CO 2.6% 22Jul2020 US94974BGM63 550,000 USD 2.60 07/22/2020 552,375 - Fixed Income
0.53% WALMART INC 3.25% 25Oct2020 US931142CZ44 500,000 USD 3.25 10/25/2020 510,553 - Fixed Income
0.52% BANK OF MONTREAL 2.1% 15Jun2020 US06367TYL87 500,000 USD 2.10 06/15/2020 502,475 - Fixed Income
0.52% BOEING CO/THE 4.88% 15Feb2020 US097023AZ81 500,000 USD 4.88 02/15/2020 500,031 - Fixed Income
0.52% CAPITAL ONE FINANCIAL CORP 2.5% 12May2020 US14040HBP91 500,000 USD 2.50 05/12/2020 503,996 - Fixed Income
0.52% DOMINION ENERGY INC 2.58% 01Jul2020 US25746UCT43 500,000 USD 2.58 07/01/2020 502,967 - Fixed Income
0.52% GOLDMAN SACHS GROUP INC/THE 2.6% 23Apr2020 US38148LAA44 500,000 USD 2.60 04/23/2020 504,772 - Fixed Income
0.52% US BANK NA/CINCINNATI OH 2.05% 23Oct2020 US90331HNG47 500,000 USD 2.05 10/23/2020 504,499 - Fixed Income
0.52% WALMART INC 2.85% 23Jun2020 US931142EG45 500,000 USD 2.85 06/23/2020 504,361 - Fixed Income
0.52% ROYAL BANK OF CANADA 2.15% 06Mar2020 US78012KCB17 500,000 USD 2.15 03/06/2020 504,865 - Fixed Income
0.35% GENERAL MOTORS FINANCIAL CO INC 2.65% 13Apr2020 US37045XBV73 330,000 USD 2.65 04/13/2020 333,442 - Fixed Income
0.32% WILLIAMS COS INC/THE 5.25% 15Mar2020 US96950FAD69 300,000 USD 5.25 03/15/2020 307,265 - Fixed Income
0.27% HEWLETT PACKARD ENTERPRISE CO 3.6% 15Oct2020 US42824CAG42 250,000 USD 3.60 10/15/2020 255,957 - Fixed Income
0.26% CREDIT SUISSE GROUP FUNDING GUERNSEY LTD 2.75% 26Mar2020 US225433AD39 250,000 USD 2.75 03/26/2020 252,978 - Fixed Income
0.26% EXXON MOBIL CORP 1.91% 06Mar2020 US30231GAG73 250,000 USD 1.91 03/06/2020 252,173 - Fixed Income
0.26% PHILIP MORRIS INTERNATIONAL INC 4.5% 26Mar2020 US718172AH26 250,000 USD 4.50 03/26/2020 255,201 - Fixed Income
0.26% SKANDINAVISKA ENSKILDA BANKEN AB 2.3% 11Mar2020 US830505AV52 250,000 USD 2.30 03/11/2020 252,616 - Fixed Income
0.26% TWDC ENTERPRISES 18 CORP 1.8% 05Jun2020 US25468PDU75 250,000 USD 1.80 06/05/2020 250,885 - Fixed Income
0.26% UNITED TECHNOLOGIES CORP 4.5% 15Apr2020 US913017BR94 250,000 USD 4.50 04/15/2020 254,938 - Fixed Income
0.23% TRUIST FINANCIAL CORP 2.63% 29Jun2020 US05531FAU75 216,000 USD 2.63 06/29/2020 217,297 - Fixed Income
0.18% CHEVRON CORP 1.96% 03Mar2020 US166764AR12 175,000 USD 1.96 03/03/2020 176,619 - Fixed Income
0.10% AT&T INC 2.45% 30Jun2020 US00206RCL42 100,000 USD 2.45 06/30/2020 100,518 - Fixed Income
-0.47% CASH - 1 USD - - -453,691 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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