loading...
Overview

Fund Profile

Key Facts

Fund Ticker ZUS.U
Net Assets (Mn)
(Nov 30, 2020)
$ 66.70
Base Currency USD
Closing Market Price $ 48.82
12-Month Low/High (Market Price) $ 48.78 / $ 49.72
Closing NAV Price
(Nov 30, 2020)
$ 48.8674
12-Month Low/High (Price (NAV)) $ 48.8519 / $ 49.7116
Weighted Average Term (Years) 0.27
Weighted Average Coupon (%) 2.28%
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.

2.45%
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.

0.48%
Weighted Average Duration (Years) 0.27
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 3,301
Distribution Frequency Monthly
Options Available No
Inception Date Feb 15, 2019
Fiscal Year-End December 31
Units Outstanding (000's) 1,365
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

Download

Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Nov 30, 2020)
$ 66.70
Market Price $ 48.82
12-Month Low/High (Market Price) $ 48.78 / $ 49.72
Price (NAV) $ 48.8674
12-Month Low/High (Price (NAV)) $ 48.8519 / $ 49.7116
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Nov 30, 2020)
1 Day Change 1 Day % Change
Market Price $ 48.82 $ -0.02 -0.04%
Price (NAV) $ 48.8674 $ 0.0155 0.03%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.18% - - - - -
Index - - - - - -
Calendar Performance

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

YTD 2019
NAV 0.89% -
Index - -
Cumulative Performance

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

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.89% 0.02% 0.06% 0.61% 1.18% - - - - -
Index - - - - - - - - - -

Download

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 0.000000 0.120000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.130000 0.000000 0.130000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.120000 0.000000 0.120000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.100000 0.000000 0.100000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.100000 0.000000 0.100000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.100000 0.000000 0.100000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.100000 0.000000 0.100000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.100000 0.000000 0.100000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.100000 0.000000 0.100000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.100000 0.000000 0.100000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.100000 0.000000 0.100000
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.

- - - - - - - - -

Download

Holdings & Allocations

Daily Holdings

As of Nov 30, 2020

Fixed Income

98.85%

Cash and Cash Equivalents

1.15%

Number of Holdings

42

Total Net Assets

$ 66,703,995.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
10.45% UNITED STATES TREASURY BILL .01% 25Feb2021 US912796XE43 11,250,000 USD 0.01 02/25/2021 11,247,984 - Fixed Income
6.09% APPLE INC 2.25% 23Feb2021 US037833BS85 6,500,000 USD 2.25 02/23/2021 6,559,280 - Fixed Income
5.36% PNC BANK NA 2.5% 22Jan2021 US69353RFH66 5,700,000 USD 2.50 01/22/2021 5,767,062 - Fixed Income
5.20% MOLSON COORS BEVERAGE CO 2.1% 15Jul2021 US60871RAF73 5,504,000 USD 2.10 07/15/2021 5,597,188 - Fixed Income
4.70% BANK OF AMERICA CORP 2.74% 23Jan2022 US06051GGY98 5,000,000 USD 2.74 01/23/2022 5,059,021 - Fixed Income
4.67% CHEVRON CORP 2.1% 16May2021 US166764BG48 4,987,000 USD 2.10 05/16/2021 5,023,214 - Fixed Income
3.50% MITSUBISHI UFJ FINANCIAL GROUP INC 2.95% 01Mar2021 US606822AA24 3,713,000 USD 2.95 03/01/2021 3,765,546 - Fixed Income
2.98% ROYAL BANK OF CANADA 2.5% 19Jan2021 US78012KKU06 3,174,000 USD 2.50 01/19/2021 3,211,496 - Fixed Income
2.92% WELLS FARGO & CO 2.55% 07Dec2020 US94974BGR50 3,100,000 USD 2.55 12/07/2020 3,138,647 - Fixed Income
2.82% TORONTO-DOMINION BANK/THE 2.55% 25Jan2021 US89114QBX51 3,000,000 USD 2.55 01/25/2021 3,034,883 - Fixed Income
2.77% GOLDMAN SACHS GROUP INC/THE 2.6% 27Dec2020 US38141GWG53 2,950,000 USD 2.60 12/27/2020 2,986,924 - Fixed Income
2.55% ABBVIE INC 2.3% 14May2021 US00287YAU38 2,725,000 USD 2.30 05/14/2021 2,748,121 - Fixed Income
2.54% CITIBANK NA 2.84% 20May2022 US17325FAY43 2,700,000 USD 2.84 05/20/2022 2,731,533 - Fixed Income
2.52% AMERICAN HONDA FINANCE CORP 2.65% 12Feb2021 US02665WCD11 2,680,000 USD 2.65 02/12/2021 2,713,958 - Fixed Income
2.40% GOLDMAN SACHS GROUP INC/THE 2.88% 25Feb2021 US38143U8F16 2,552,000 USD 2.88 02/25/2021 2,581,543 - Fixed Income
2.35% ENTERPRISE PRODUCTS OPERATING LLC 2.8% 15Feb2021 US29379VBP76 2,500,000 USD 2.80 02/15/2021 2,533,408 - Fixed Income
2.26% BANK OF NOVA SCOTIA/THE 2.45% 22Mar2021 US064159HM10 2,410,000 USD 2.45 03/22/2021 2,436,695 - Fixed Income
2.11% US BANCORP 2.35% 29Jan2021 US91159HHL78 2,250,000 USD 2.35 01/29/2021 2,270,917 - Fixed Income
2.11% MORGAN STANLEY 2.5% 21Apr2021 US61746BEA08 2,250,000 USD 2.50 04/21/2021 2,275,397 - Fixed Income
1.88% WALMART INC 1.9% 15Dec2020 US931142EA74 2,000,000 USD 1.90 12/15/2020 2,018,989 - Fixed Income
1.88% MCDONALD'S CORP 2.75% 09Dec2020 US58013MEX83 2,000,000 USD 2.75 12/09/2020 2,027,087 - Fixed Income
1.88% WELLS FARGO BANK NA 2.6% 15Jan2021 US94988J5N37 2,000,000 USD 2.60 01/15/2021 2,024,687 - Fixed Income
1.85% TORONTO-DOMINION BANK/THE 2.5% 14Dec2020 US89114QBC15 1,970,000 USD 2.50 12/14/2020 1,993,158 - Fixed Income
1.80% MERCK & CO INC 3.88% 15Jan2021 US58933YAA38 1,900,000 USD 3.88 01/15/2021 1,932,278 - Fixed Income
1.64% CITIBANK NA 2.85% 12Feb2021 US17325FAL22 1,750,000 USD 2.85 02/12/2021 1,770,334 - Fixed Income
1.63% SANTANDER UK GROUP HOLDINGS PLC 3.13% 08Jan2021 US80281LAD73 1,725,000 USD 3.13 01/08/2021 1,751,187 - Fixed Income
1.47% CISCO SYSTEMS INC 2.2% 28Feb2021 US17275RBD35 1,566,000 USD 2.20 02/28/2021 1,582,120 - Fixed Income
1.42% UNITED PARCEL SERVICE INC 3.13% 15Jan2021 US911312AM88 1,500,000 USD 3.13 01/15/2021 1,523,139 - Fixed Income
1.40% PHILIP MORRIS INTERNATIONAL INC 1.88% 25Feb2021 US718172BS71 1,500,000 USD 1.88 02/25/2021 1,511,762 - Fixed Income
1.39% WELLS FARGO BANK NA 2.9% 27May2022 US94988J5X19 1,475,000 USD 2.90 05/27/2022 1,491,499 - Fixed Income
1.18% CATERPILLAR FINANCIAL SERVICES CORP 2.65% 17May2021 US14913Q2W88 1,250,000 USD 2.65 05/17/2021 1,265,592 - Fixed Income
1.14% IBM CREDIT LLC 2.65% 05Feb2021 US44932HAG83 1,210,000 USD 2.65 02/05/2021 1,225,879 - Fixed Income
0.96% WALMART INC 3.13% 23Jun2021 US931142EJ83 1,000,000 USD 3.13 06/23/2021 1,030,174 - Fixed Income
0.95% SANTANDER UK GROUP HOLDINGS PLC 2.88% 05Aug2021 US80281LAE56 1,000,000 USD 2.88 08/05/2021 1,023,476 - Fixed Income
0.95% CITIGROUP INC 2.35% 02Aug2021 US172967KV25 1,000,000 USD 2.35 08/02/2021 1,021,604 - Fixed Income
0.94% VISA INC 2.2% 14Dec2020 US92826CAB81 1,000,000 USD 2.20 12/14/2020 1,011,008 - Fixed Income
0.94% AMERICAN EXPRESS CO 3% 22Feb2021 US025816CB30 1,000,000 USD 3.00 02/22/2021 1,012,153 - Fixed Income
0.94% CANADIAN IMPERIAL BANK OF COMMERCE 2.7% 02Feb2021 US136069XY29 1,000,000 USD 2.70 02/02/2021 1,012,832 - Fixed Income
0.94% TWDC ENTERPRISES 18 CORP 2.3% 12Feb2021 US25468PDJ21 1,000,000 USD 2.30 02/12/2021 1,011,044 - Fixed Income
0.69% UTAH ACQUISITION SUB INC 3.15% 15Jun2021 US62854AAM62 725,000 USD 3.15 06/15/2021 744,719 - Fixed Income
0.68% AMERICAN INTERNATIONAL GROUP INC 3.3% 01Mar2021 US026874DG98 725,000 USD 3.30 03/01/2021 734,713 - Fixed Income
1.15% CASH - 1 USD - - 1,235,607 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

Download