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Overview

Fund Profile

Key Facts

Fund Ticker ZUS.U
Net Assets (Mn)
(Sep 18, 2019)
$ 44.34
Base Currency USD
Closing Market Price $ 49.84
12-Month Low/High (Market Price) $ 49.79 / $ 50.01
Closing NAV Price
(Sep 18, 2019)
$ 49.8211
12-Month Low/High (Price (NAV)) $ 49.7775 / $ 50.0000
Weighted Average Term (Years) 0.39
Weighted Average Coupon (%) 2.90%
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.

3.13%
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.

2.41%
Weighted Average Duration (Years) 0.38
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 900
Distribution Frequency Monthly
Options Available No
Inception Date Feb 15, 2019
Fiscal Year-End December 31
Units Outstanding (000's) 890
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)
(Sep 18, 2019)
$ 44.34
Market Price $ 49.84
12-Month Low/High (Market Price) $ 49.79 / $ 50.01
Price (NAV) $ 49.8211
12-Month Low/High (Price (NAV)) $ 49.7775 / $ 50.0000
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 49.84 - -
Price (NAV) $ 49.8211 $ 0.0025 0.01%

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
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
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.125000 0.000000 0.125000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.130000 0.000000 0.130000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.130000 0.000000 0.130000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.130000 0.000000 0.130000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.130000 0.000000 0.130000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.130000 0.000000 0.130000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.130000 0.000000 0.130000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Oct, 2019 Oct 29, 2019 Oct 30, 2019 Nov 04, 2019 - - -
Nov, 2019 Nov 27, 2019 Nov 28, 2019 Dec 03, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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 Sep 18, 2019

Fixed Income

96.70%

Cash and Cash Equivalents

3.30%

Number of Holdings

95

Total Net Assets

$ 44,340,829.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.87% BAIDU INC 3% 30Jun2020 US056752AF54 2,750,000 USD 3.00 06/30/2020 2,777,464 Communications Fixed Income
3.05% TIME WARNER CABLE LLC 5% 01Feb2020 US88732JAW80 2,151,000 USD 5.00 02/01/2020 2,184,477 Communications Fixed Income
3.01% SUNTRUST BANK/ATLANTA GA 2.59% 29Jan2021 US86787EAU10 2,150,000 USD 1.00 01/29/2021 2,159,796 - Fixed Income
2.87% BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.38% 15Jan2020 US11134LAB53 2,055,000 USD 2.38 01/15/2020 2,062,254 Technology Fixed Income
2.60% HSBC USA INC 2.38% 13Nov2019 US40428HPN60 1,850,000 USD 2.38 11/13/2019 1,865,907 - Fixed Income
2.41% DELTA AIR LINES INC 2.88% 13Mar2020 US247361ZK72 1,725,000 USD 2.88 03/13/2020 1,727,655 - Fixed Income
2.38% SYNCHRONY FINANCIAL 2.7% 03Feb2020 US87165BAE39 1,700,000 USD 2.70 02/03/2020 1,708,240 - Fixed Income
2.17% SUMITOMO MITSUI BANKING CORP 2.51% 17Jan2020 US865622CJ19 1,550,000 USD 2.51 01/17/2020 1,557,943 - Fixed Income
2.10% BANK OF AMERICA CORP 2.37% 21Jul2021 US06051GGP81 1,500,000 USD 1.00 07/21/2021 1,504,412 - Fixed Income
2.05% JPMORGAN CHASE BANK NA 2.6% 01Feb2021 US48125LRK07 1,465,000 USD 1.00 02/01/2021 1,471,823 - Fixed Income
1.96% GENERAL ELECTRIC CO 2.2% 09Jan2020 US36962G7M04 1,400,000 USD 2.20 01/09/2020 1,404,084 - Fixed Income
1.86% CITIGROUP INC 2.45% 10Jan2020 US172967LF65 1,329,000 USD 2.45 01/10/2020 1,336,325 - Fixed Income
1.75% KRAFT HEINZ FOODS CO 2.8% 02Jul2020 US50077LAH96 1,250,000 USD 2.80 07/02/2020 1,258,662 - Fixed Income
1.71% GOLDMAN SACHS GROUP INC/THE 2.55% 23Oct2019 US38148FAB58 1,213,000 USD 2.55 10/23/2019 1,226,089 - Fixed Income
1.67% MORGAN STANLEY 5.5% 26Jan2020 US61747YCM57 1,175,000 USD 5.50 01/26/2020 1,198,081 - Fixed Income
1.58% ADOBE INC 4.75% 01Feb2020 US00724FAB76 1,115,000 USD 4.75 02/01/2020 1,133,007 Technology Fixed Income
1.54% COSTCO WHOLESALE CORP 1.7% 15Dec2019 US22160KAF21 1,100,000 USD 1.70 12/15/2019 1,103,726 - Fixed Income
1.42% BOEING CO/THE 4.88% 15Feb2020 US097023AZ81 1,000,000 USD 4.88 02/15/2020 1,016,241 - Fixed Income
1.41% GOLDMAN SACHS GROUP INC/THE 2.6% 23Apr2020 US38148LAA44 1,000,000 USD 2.60 04/23/2020 1,012,025 - Fixed Income
1.41% CAPITAL ONE FINANCIAL CORP 2.5% 12May2020 US14040HBP91 1,000,000 USD 2.50 05/12/2020 1,009,670 - Fixed Income
1.40% CITIGROUP INC 2.4% 18Feb2020 US172967JJ16 1,000,000 USD 2.40 02/18/2020 1,002,753 - Fixed Income
1.40% BB&T CORP 2.45% 15Jan2020 US05531FAS20 1,000,000 USD 2.45 01/15/2020 1,004,509 - Fixed Income
1.40% BECTON DICKINSON AND CO 2.4% 05Jun2020 US075887BR99 1,000,000 USD 2.40 06/05/2020 1,006,944 - Fixed Income
1.40% TOYOTA MOTOR CREDIT CORP 2.2% 10Jan2020 US89236TEJ07 1,000,000 USD 2.20 01/10/2020 1,004,833 - Fixed Income
1.30% ALTRIA GROUP INC 2.63% 14Jan2020 US02209SAT06 925,000 USD 2.63 01/14/2020 930,044 - Fixed Income
1.28% US BANK NA/CINCINNATI OH 2% 24Jan2020 US90331HNB59 915,000 USD 2.00 01/24/2020 917,634 - Fixed Income
1.27% ZIMMER BIOMET HOLDINGS INC 2.7% 01Apr2020 US98956PAK84 900,000 USD 2.70 04/01/2020 913,096 - Fixed Income
1.20% CA INC 5.38% 01Dec2019 US12673PAC95 840,000 USD 5.38 12/01/2019 858,054 Technology Fixed Income
1.15% ALLERGAN FUNDING SCS 3% 12Mar2020 US00507UAP66 825,000 USD 3.00 03/12/2020 827,503 - Fixed Income
1.06% JPMORGAN CHASE BANK NA 3.09% 26Apr2021 US48125LRN46 750,000 USD 1.00 04/26/2021 762,917 - Fixed Income
1.05% SUNTRUST BANK/ATLANTA GA 2.25% 31Jan2020 US86787EAR80 750,000 USD 2.25 01/31/2020 752,303 - Fixed Income
1.05% ORANGE SA 1.63% 03Nov2019 US685218AC36 750,000 USD 1.63 11/03/2019 754,002 Communications Fixed Income
1.05% BPCE SA 2.25% 27Jan2020 US05578DAR35 750,000 USD 2.25 01/27/2020 752,789 - Fixed Income
0.98% WALGREENS BOOTS ALLIANCE INC 2.7% 18Nov2019 US931427AA66 700,000 USD 2.70 11/18/2019 706,586 - Fixed Income
0.95% KINDER MORGAN INC/DE 3.05% 01Dec2019 US49456BAE11 675,000 USD 3.05 12/01/2019 681,897 Energy Fixed Income
0.92% ENTERPRISE PRODUCTS OPERATING LLC 2.55% 15Oct2019 US29379VBD47 650,000 USD 2.55 10/15/2019 657,288 Energy Fixed Income
0.88% BECTON DICKINSON AND CO 2.68% 15Dec2019 US075887BE86 625,000 USD 2.68 12/15/2019 629,541 - Fixed Income
0.84% PEPSICO INC 1.35% 04Oct2019 US713448DJ46 600,000 USD 1.35 10/04/2019 603,558 - Fixed Income
0.79% SUMITOMO MITSUI BANKING CORP 2.45% 16Jan2020 US865622BR44 565,000 USD 2.45 01/16/2020 568,030 - Fixed Income
0.79% WELLS FARGO BANK NA 2.4% 15Jan2020 US94988J5L70 565,000 USD 2.40 01/15/2020 567,981 - Fixed Income
0.72% UNITED TECHNOLOGIES CORP 4.5% 15Apr2020 US913017BR94 500,000 USD 4.50 04/15/2020 515,991 - Fixed Income
0.72% PHILIP MORRIS INTERNATIONAL INC 4.5% 26Mar2020 US718172AH26 500,000 USD 4.50 03/26/2020 516,862 - Fixed Income
0.71% CREDIT SUISSE GROUP FUNDING GUERNSEY LTD 2.75% 26Mar2020 US225433AD39 500,000 USD 2.75 03/26/2020 507,956 - Fixed Income
0.71% BURLINGTON NORTHERN SANTA FE LLC 4.7% 01Oct2019 US12189TBC71 500,000 USD 4.70 10/01/2019 511,462 - Fixed Income
0.71% PNC FINANCIAL SERVICES GROUP INC/THE 5.13% 08Feb2020 US693476BJ13 500,000 USD 5.13 02/08/2020 508,291 - Fixed Income
0.71% AMERICAN TOWER CORP 2.8% 01Jun2020 US03027XAF78 500,000 USD 2.80 06/01/2020 505,767 - Fixed Income
0.71% COLUMBIA PIPELINE GROUP INC 3.3% 01Jun2020 US198280AD16 500,000 USD 3.30 06/01/2020 507,432 Energy Fixed Income
0.71% LOCKHEED MARTIN CORP 4.25% 15Nov2019 US539830AT67 500,000 USD 4.25 11/15/2019 508,990 - Fixed Income
0.71% WELLS FARGO BANK NA 3.33% 23Jul2021 US94988J5P84 500,000 USD 1.00 07/23/2021 506,485 - Fixed Income
0.70% SKANDINAVISKA ENSKILDA BANKEN AB 2.3% 11Mar2020 US830505AV52 500,000 USD 2.30 03/11/2020 500,418 - Fixed Income
0.70% ABBVIE INC 2.5% 14May2020 US00287YAT64 500,000 USD 2.50 05/14/2020 505,149 - Fixed Income
0.70% BP CAPITAL MARKETS PLC 2.32% 13Feb2020 US05565QCX43 500,000 USD 2.32 02/13/2020 501,477 Energy Fixed Income
0.70% KEYBANK NA/CLEVELAND OH 2.25% 16Mar2020 US49327M2G89 500,000 USD 2.25 03/16/2020 500,142 - Fixed Income
0.70% TOYOTA MOTOR CREDIT CORP 1.55% 18Oct2019 US89236TDH59 500,000 USD 1.55 10/18/2019 503,042 - Fixed Income
0.70% JPMORGAN CHASE & CO 2.2% 22Oct2019 US48127HAA77 500,000 USD 2.20 10/22/2019 504,604 - Fixed Income
0.70% EXELON GENERATION CO LLC 2.95% 15Jan2020 US30161MAP86 500,000 USD 2.95 01/15/2020 503,294 - Fixed Income
0.70% DOMINION ENERGY INC 2.58% 01Jul2020 US25746UCT43 500,000 USD 2.58 07/01/2020 503,991 - Fixed Income
0.70% EXXON MOBIL CORP 1.91% 06Mar2020 US30231GAG73 500,000 USD 1.91 03/06/2020 499,646 Energy Fixed Income
0.70% TWDC ENTERPRISES 18 CORP 1.8% 05Jun2020 US25468PDU75 500,000 USD 1.80 06/05/2020 501,602 Communications Fixed Income
0.70% JPMORGAN CHASE & CO 2.25% 23Jan2020 US46625HKA76 500,000 USD 2.25 01/23/2020 501,907 - Fixed Income
0.70% AMERICAN HONDA FINANCE CORP 2% 14Feb2020 US02665WBM29 500,000 USD 2.00 02/14/2020 500,764 - Fixed Income
0.65% HUSKY ENERGY INC 7.25% 15Dec2019 US448055AF08 450,000 USD 7.25 12/15/2019 463,772 Energy Fixed Income
0.64% KROGER CO/THE 6.15% 15Jan2020 US501044CH20 450,000 USD 6.15 01/15/2020 460,469 - Fixed Income
0.63% ALIBABA GROUP HOLDING LTD 2.5% 28Nov2019 US01609WAC64 450,000 USD 2.50 11/28/2019 453,699 Communications Fixed Income
0.63% FORD MOTOR CREDIT CO LLC 2.6% 04Nov2019 US345397WY53 450,000 USD 2.60 11/04/2019 454,285 - Fixed Income
0.58% APPLE INC 1.8% 13Nov2019 US037833DH03 415,000 USD 1.80 11/13/2019 417,441 Technology Fixed Income
0.56% GOLDMAN SACHS GROUP INC/THE 2.3% 13Dec2019 US38145GAJ94 400,000 USD 2.30 12/13/2019 402,507 - Fixed Income
0.56% GENERAL MOTORS FINANCIAL CO INC 2.35% 04Oct2019 US37045XBP06 400,000 USD 2.35 10/04/2019 404,399 - Fixed Income
0.56% HSBC USA INC 2.35% 05Mar2020 US40428HPR74 400,000 USD 2.35 03/05/2020 400,723 - Fixed Income
0.56% KEYBANK NA/CLEVELAND OH 2.5% 15Dec2019 US49327M2F07 400,000 USD 2.50 12/15/2019 402,855 - Fixed Income
0.52% BANK OF MONTREAL 2.1% 12Dec2019 US06367TPX27 370,000 USD 2.10 12/12/2019 372,018 - Fixed Income
0.49% GENERAL ELECTRIC CO 5.5% 08Jan2020 US36962G4J02 346,000 USD 5.50 01/08/2020 352,773 - Fixed Income
0.49% BRANCH BANKING & TRUST CO 2.1% 15Jan2020 US07330NAN57 350,000 USD 2.10 01/15/2020 351,247 - Fixed Income
0.49% AMERICAN EXPRESS CREDIT CORP 2.2% 03Mar2020 US0258M0EE53 350,000 USD 2.20 03/03/2020 350,290 - Fixed Income
0.46% GENERAL MOTORS FINANCIAL CO INC 3.15% 15Jan2020 US37045XAR70 325,000 USD 3.15 01/15/2020 327,401 - Fixed Income
0.45% CHEVRON CORP 1.96% 03Mar2020 US166764AR12 325,000 USD 1.96 03/03/2020 325,051 Energy Fixed Income
0.43% DEERE & CO 4.38% 16Oct2019 US244199BC83 300,000 USD 4.38 10/16/2019 306,157 - Fixed Income
0.42% WILLIAMS COS INC/THE 5.25% 15Mar2020 US96950FAD69 300,000 USD 5.25 03/15/2020 303,995 Energy Fixed Income
0.42% FORD MOTOR CREDIT CO LLC 3.16% 04Aug2020 US345397XK41 300,000 USD 3.16 08/04/2020 301,941 - Fixed Income
0.36% HONEYWELL INTERNATIONAL INC 1.4% 30Oct2019 US438516BJ49 260,000 USD 1.40 10/30/2019 261,195 - Fixed Income
0.35% CAPITAL ONE NA 2.35% 31Jan2020 US14042RFH93 250,000 USD 2.35 01/31/2020 250,874 - Fixed Income
0.35% GENERAL MOTORS FINANCIAL CO INC 2.65% 13Apr2020 US37045XBV73 250,000 USD 2.65 04/13/2020 253,136 - Fixed Income
0.35% CVS HEALTH CORP 2.8% 20Jul2020 US126650CJ78 250,000 USD 2.80 07/20/2020 252,192 - Fixed Income
0.35% GENERAL MOTORS FINANCIAL CO INC 3.2% 13Jul2020 US37045XAY22 250,000 USD 3.20 07/13/2020 252,758 - Fixed Income
0.35% MONDELEZ INTERNATIONAL INC 3% 07May2020 US609207AN51 250,000 USD 3.00 05/07/2020 253,809 - Fixed Income
0.35% REYNOLDS AMERICAN INC 3.25% 12Jun2020 US761713BE57 250,000 USD 3.25 06/12/2020 253,689 - Fixed Income
0.30% CATERPILLAR FINANCIAL SERVICES CORP 2.1% 10Jan2020 US14912L6Y28 215,000 USD 2.10 01/10/2020 215,838 - Fixed Income
0.28% CITIZENS BANK NA/PROVIDENCE RI 2.45% 04Dec2019 US17401QAB77 200,000 USD 2.45 12/04/2019 201,366 - Fixed Income
0.28% FORD MOTOR CREDIT CO LLC 2.68% 09Jan2020 US345397YE71 200,000 USD 2.68 01/09/2020 201,029 - Fixed Income
0.18% ANHEUSER-BUSCH INBEV WORLDWIDE INC 6.88% 15Nov2019 US03523TBH05 125,000 USD 6.88 11/15/2019 128,838 - Fixed Income
3.30% CASH - 1 USD - - 2,368,144 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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