Fund Profile
Key Facts
| Fund Ticker | ZUS.V |
|---|---|
|
Net Assets (Mn) (May 29, 2023) |
$ 18.67 |
| Base Currency | USD |
| Closing Market Price | $ 52.90 |
| 12-Month Low/High (Market Price) | $ 51.11 / $ 52.90 |
|
Closing NAV Price (May 29, 2023) |
$ 52.8836 |
| 12-Month Low/High (Price (NAV)) | $ 51.1411 / $ 52.8946 |
| Weighted Average Term (Years) | 0.32 |
| Weighted Average Coupon (%) | 2.25% |
|
Annualized Distribution Yield (May 19, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
0.00% |
|
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. Footnote |
5.07% |
| Weighted Average Duration (Years) | 0.32 |
| 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. Footnote |
| Market Volume | 3,269 |
| Distribution Frequency | Quarterly |
| Options Available | No |
| Inception Date | Feb 15, 2019 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 353 |
| Index | - |
| Exchange | Toronto Stock Exchange |
| CUSIP | 05586U203 |
| 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 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. The ETF does not pay cash distributions; it will provide an annual reinvested and consolidated distribution.
Fund Benefits
- Designed for investors looking for accumulating 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
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Performance Chart
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (May 29, 2023) |
$ 18.67 |
|---|---|
| Market Price | $ 52.90 |
| 12-Month Low/High (Market Price) | $ 51.11 / $ 52.90 |
| Price (NAV) | $ 52.8836 |
| 12-Month Low/High (Price (NAV)) | $ 51.1411 / $ 52.8946 |
| Distribution Frequency | Quarterly |
Daily Prices
| Unit Price as of (May 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 52.90 | - | - |
| Price (NAV) | $ 52.8836 | $ -0.0101 | -0.02% |
Performance
Annualized Performance (%) for period ending: Apr 28, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 2.84% | 1.21% | 1.03% | - | - | 1.31% |
| Index | - | - | - | - | - | - |
| Apr 28, 2023 |
Calendar Year Performance (%) for period ending: Apr 28, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| NAV | 1.59% | 0.86% | 0.02% | 0.91% | 2.14% |
| Index | - | - | - | - | - |
| Apr 28, 2023 |
Cumulative Performance (%) for period ending: Apr 28, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1.59% | 0.42% | 1.16% | 2.44% | 2.84% | 2.43% | 3.13% | - | - | 5.63% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Apr 28, 2023 |
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Distribution History
| Distribution Period Future distribution dates may change without any prior notice. Footnote | 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. Footnote | Total Distribution Per Unit |
|---|---|---|---|---|---|---|
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | - | 0.700000 | 0.700000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | - | - | - |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2023 | - | - | - |
| Year to Date | 0.000000 | 0.700000 | 0.700000 |
| 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. Footnote |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - |
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Daily Holdings
As of May 29, 2023
64.12%
35.88%
39
$ 18,667,904.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 35.21% | TREASURY BILL 16Nov2023 | US912797FK87 | 16,500,000 | USD | 0.00 | 11/16/2023 | 16,094,833 | - | Cash and Cash Equivalents |
| 4.41% | WELLS FARGO & CO 1.65% 02Jun2024 | US95000U2R36 | 2,000,000 | USD | 1.65 | 06/02/2024 | 2,015,716 | - | Fixed Income |
| 4.34% | TOYOTA MOTOR CREDIT CORP .5% 14Aug2023 | US89236THF57 | 2,000,000 | USD | 0.50 | 08/14/2023 | 1,983,830 | - | Fixed Income |
| 4.25% | MICROCHIP TECHNOLOGY INC .97% 15Feb2024 | US595017BB97 | 2,000,000 | USD | 0.97 | 02/15/2024 | 1,944,938 | - | Fixed Income |
| 4.25% | HEWLETT PACKARD ENTERPRISE CO 1.45% 01Apr2024 | US42824CBJ71 | 2,000,000 | USD | 1.45 | 04/01/2024 | 1,944,165 | - | Fixed Income |
| 3.28% | CANADIAN IMPERIAL BANK .45% 22Jun2023 | US13607HVC32 | 1,500,000 | USD | 0.45 | 06/22/2023 | 1,497,932 | - | Fixed Income |
| 3.22% | MORGAN STANLEY 3.62% 17Apr2025 | US61747YEQ44 | 1,500,000 | USD | 3.62 | 04/17/2025 | 1,473,953 | - | Fixed Income |
| 2.82% | BANK OF AMERICA CORP .52% 14Jun2024 | US06051GJY61 | 1,300,000 | USD | 0.52 | 06/14/2024 | 1,291,057 | - | Fixed Income |
| 2.58% | AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.15% 15Feb2024 | US00774MAQ87 | 1,200,000 | USD | 3.15 | 02/15/2024 | 1,178,003 | - | Fixed Income |
| 2.20% | JPMORGAN CHASE & CO 1.51% 01Jun2024 | US46647PBQ81 | 1,000,000 | USD | 1.51 | 06/01/2024 | 1,007,372 | - | Fixed Income |
| 2.16% | HSBC HOLDINGS PLC .73% 17Aug2024 | US404280CU15 | 1,000,000 | USD | 0.73 | 08/17/2024 | 987,949 | - | Fixed Income |
| 2.14% | GOLDMAN SACHS GROUP INC/THE 1.76% 24Jan2025 | US38141GZH00 | 1,000,000 | USD | 1.76 | 01/24/2025 | 976,162 | - | Fixed Income |
| 2.13% | BOEING CO/THE 1.43% 04Feb2024 | US097023DE26 | 1,000,000 | USD | 1.43 | 02/04/2024 | 975,640 | - | Fixed Income |
| 2.11% | AT&T INC .9% 25Mar2024 | US00206RMJ85 | 1,000,000 | USD | 0.90 | 03/25/2024 | 962,760 | - | Fixed Income |
| 1.51% | GOLDMAN SACHS GROUP INC 1.22% 06Dec2023 | US38141GZE78 | 700,000 | USD | 1.22 | 12/06/2023 | 688,388 | - | Fixed Income |
| 1.49% | BANK OF AMERICA CORP 1.84% 04Feb2025 | US06051GKG37 | 700,000 | USD | 1.84 | 02/04/2025 | 683,149 | - | Fixed Income |
| 1.42% | TORONTO-DOMINION BANK/THE .75% 12Jun2023 | US89114QCG10 | 650,000 | USD | 0.75 | 06/12/2023 | 651,104 | - | Fixed Income |
| 1.09% | NVIDIA CORP .31% 15Jun2023 | US67066GAK04 | 500,000 | USD | 0.31 | 06/15/2023 | 499,677 | - | Fixed Income |
| 1.09% | MICROSOFT CORP 2.88% 06Feb2024 | US594918BX11 | 500,000 | USD | 2.88 | 02/06/2024 | 497,640 | - | Fixed Income |
| 1.07% | AMAZON.COM INC 2.73% 13Apr2024 | US023135CD60 | 500,000 | USD | 2.73 | 04/13/2024 | 491,115 | - | Fixed Income |
| 1.07% | BOEING CO/THE 1.95% 01Feb2024 | US097023CZ63 | 500,000 | USD | 1.95 | 02/01/2024 | 489,644 | - | Fixed Income |
| 1.07% | GOLDMAN SACHS GROUP INC/THE .93% 21Oct2024 | US38141GYL21 | 500,000 | USD | 0.93 | 10/21/2024 | 488,920 | - | Fixed Income |
| 1.07% | CATERPILLAR FINANCIAL SERVICES CORP .95% 10Jan2024 | US14913R2S58 | 500,000 | USD | 0.95 | 01/10/2024 | 488,838 | - | Fixed Income |
| 1.07% | CITIGROUP INC .78% 30Oct2024 | US172967MT50 | 500,000 | USD | 0.78 | 10/30/2024 | 488,834 | - | Fixed Income |
| 1.07% | TORONTO-DOMINION BANK/THE 2.35% 08Mar2024 | US89114TZR66 | 500,000 | USD | 2.35 | 03/08/2024 | 488,448 | - | Fixed Income |
| 1.07% | BANK OF MONTREAL 2.15% 08Mar2024 | US06368FAG46 | 500,000 | USD | 2.15 | 03/08/2024 | 488,051 | - | Fixed Income |
| 1.07% | BARCLAYS PLC 1.01% 10Dec2024 | US06738EBQ70 | 500,000 | USD | 1.01 | 12/10/2024 | 487,631 | - | Fixed Income |
| 1.06% | CAPITAL ONE FINANCIAL CORP 1.34% 06Dec2024 | US14040HCK95 | 500,000 | USD | 1.34 | 12/06/2024 | 486,264 | - | Fixed Income |
| 1.06% | HSBC HOLDINGS PLC 1.16% 22Nov2024 | US404280CW70 | 500,000 | USD | 1.16 | 11/22/2024 | 484,837 | - | Fixed Income |
| 1.06% | ROYAL BANK OF CANADA .43% 19Jan2024 | US78015K7L29 | 500,000 | USD | 0.43 | 01/19/2024 | 484,462 | - | Fixed Income |
| 1.06% | MORGAN STANLEY .79% 22Jan2025 | US61747YEB74 | 500,000 | USD | 0.79 | 01/22/2025 | 484,231 | - | Fixed Income |
| 1.06% | KEURIG DR PEPPER INC .75% 15Mar2024 | US49271VAL45 | 500,000 | USD | 0.75 | 03/15/2024 | 482,777 | - | Fixed Income |
| 1.05% | JPMORGAN CHASE & CO .56% 16Feb2025 | US46647PBY16 | 500,000 | USD | 0.56 | 02/16/2025 | 481,159 | - | Fixed Income |
| 1.05% | BANK OF NOVA SCOTIA/THE .7% 15Apr2024 | US0641593X29 | 500,000 | USD | 0.70 | 04/15/2024 | 479,122 | - | Fixed Income |
| 0.55% | WALMART INC 3.4% 26Jun2023 | US931142EK56 | 250,000 | USD | 3.40 | 06/26/2023 | 253,144 | - | Fixed Income |
| 0.55% | JPMORGAN CHASE & CO 3.8% 23Jul2024 | US46647PAU03 | 250,000 | USD | 3.80 | 07/23/2024 | 252,534 | - | Fixed Income |
| 0.55% | CANADIAN IMPERIAL BANK OF COMMERCE .95% 23Jun2023 | US13607GRK21 | 250,000 | USD | 0.95 | 06/23/2023 | 250,237 | - | Fixed Income |
| 0.00% | UNITED STATES TREASURY BILL 16Nov2023 | US912797FK87 | - | USD | 0.01 | 11/16/2023 | - | - | Cash and Cash Equivalents |
| 0.67% | CASH | - | 1 | USD | - | - | 306,194 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 4 ranges. Ranges are: 31.96%, Banking.7.23%, Technology.4.68%, Pharmaceuticals.1.84%, Retailing.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, United States.
Maturity
has a donut chart divided into 1 range. The range is: 100%, 0-1 Years.
Credit Allocation
has a donut chart divided into 4 ranges. Ranges are: 36.61%, AAA.1.64%, AA.42.07%, A.19.68%, BBB.
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.