Overview

Fund Profile

Key Facts

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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Price & Performance

Performance Chart

Growth of 10,000

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

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 51.27 - -
Price (NAV) $ 51.3406 $ 0.0273 0.05%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -0.48% -0.17% 0.46% - - 0.76%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019
NAV -0.44% 0.02% 0.91% 2.14%
Index - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

Table for 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 -0.44% 0.15% -0.07% -0.38% -0.48% -0.33% 1.38% - - 2.64%
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)
Table for distribution history. For period ending
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, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.000000 0.200000 0.200000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.000000 0.300000 0.300000
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
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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Holdings & Allocations

Daily Holdings

As of Aug 15, 2022

Fixed Income

97.89%

Cash and Cash Equivalents

2.11%

Number of Holdings

57

Total Net Assets

$ 22,333,217.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 4 columns. Table columns are Weight (%), Name, ISIN, Base Market Value
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
11.57% UNITED STATES TREASURY BILL .01% 23Feb2023 US912796T338 25,000,000 USD 0.01 02/23/2023 24,616,674 - Fixed Income
2.77% GOLDMAN SACHS GROUP INC/THE .67% 08Mar2024 US38141GXZ26 6,000,000 USD 0.67 03/08/2024 5,899,597 - Fixed Income
2.77% MORGAN STANLEY .73% 05Apr2024 US61772BAA17 6,000,000 USD 0.73 04/05/2024 5,888,734 - Fixed Income
2.73% GOLDMAN SACHS GROUP INC/THE .63% 17Nov2023 US38141GXL30 5,850,000 USD 0.63 11/17/2023 5,806,610 - Fixed Income
2.56% BANK OF NOVA SCOTIA/THE 1.63% 01May2023 US064159VK97 5,500,000 USD 1.63 05/01/2023 5,457,814 - Fixed Income
2.55% NEXTERA ENERGY CAPITAL HOLDINGS INC .65% 01Mar2023 US65339KBU34 5,500,000 USD 0.65 03/01/2023 5,430,784 - Fixed Income
2.54% APPLE INC .75% 11May2023 US037833DV96 5,500,000 USD 0.75 05/11/2023 5,405,619 - Fixed Income
2.37% GLAXOSMITHKLINE CAPITAL INC 2.8% 18Mar2023 US377372AH03 5,000,000 USD 2.80 03/18/2023 5,052,343 - Fixed Income
2.37% CITIGROUP INC 3.5% 15May2023 US172967GT25 5,000,000 USD 3.50 05/15/2023 5,050,743 - Fixed Income
2.37% EXXON MOBIL CORP 2.73% 01Mar2023 US30231GAR39 5,000,000 USD 2.73 03/01/2023 5,044,323 - Fixed Income
2.37% AMAZON.COM INC 2.4% 22Feb2023 US023135AW69 5,000,000 USD 2.40 02/22/2023 5,036,902 - Fixed Income
2.36% HOME DEPOT INC/THE 2.7% 01Apr2023 US437076AZ51 5,000,000 USD 2.70 04/01/2023 5,031,225 - Fixed Income
2.36% WALMART INC 2.55% 11Apr2023 US931142DH37 5,000,000 USD 2.55 04/11/2023 5,020,519 - Fixed Income
2.36% JPMORGAN CHASE & CO 2.7% 18May2023 US46625HRL68 5,000,000 USD 2.70 05/18/2023 5,017,790 - Fixed Income
2.36% ABBVIE INC 2.85% 14May2023 US00287YAX76 5,000,000 USD 2.85 05/14/2023 5,015,258 - Fixed Income
2.35% MICROSOFT CORP 2.38% 01May2023 US594918AT18 5,000,000 USD 2.38 05/01/2023 5,008,905 - Fixed Income
2.35% APPLE INC 2.4% 03May2023 US037833AK68 5,000,000 USD 2.40 05/03/2023 4,999,945 - Fixed Income
2.33% NATIONAL BANK OF CANADA 2.1% 01Feb2023 US63307A2J35 5,000,000 USD 2.10 02/01/2023 4,967,393 - Fixed Income
2.31% PEPSICO INC .75% 01May2023 US713448EY04 5,000,000 USD 0.75 05/01/2023 4,924,921 - Fixed Income
2.30% AMAZON.COM INC .25% 12May2023 US023135BV77 5,000,000 USD 0.25 05/12/2023 4,893,288 - Fixed Income
2.25% ORACLE CORP 2.5% 15Oct2022 US68389XAP06 4,750,000 USD 2.50 10/15/2022 4,784,569 - Fixed Income
2.20% GENERAL MOTORS FINANCIAL CO INC 3.7% 09May2023 US37045XBK19 4,629,000 USD 3.70 05/09/2023 4,681,984 - Fixed Income
2.19% JPMORGAN CHASE & CO 3.25% 23Sep2022 US46625HJE18 4,600,000 USD 3.25 09/23/2022 4,662,662 - Fixed Income
2.11% TORONTO-DOMINION BANK/THE 1.9% 01Dec2022 US89114QCD88 4,500,000 USD 1.90 12/01/2022 4,501,251 - Fixed Income
1.88% PRECISION CASTPARTS CORP 2.5% 15Jan2023 US740189AG06 4,000,000 USD 2.50 01/15/2023 3,993,823 - Fixed Income
1.87% EXXON MOBIL CORP 1.57% 15Apr2023 US30231GBL59 4,000,000 USD 1.57 04/15/2023 3,971,710 - Fixed Income
1.62% CITIGROUP INC 1.68% 15May2024 US172967MR94 3,500,000 USD 1.68 05/15/2024 3,456,981 - Fixed Income
1.59% ORACLE CORP 2.63% 15Feb2023 US68389XBR52 3,394,000 USD 2.63 02/15/2023 3,382,198 - Fixed Income
1.57% MORGAN STANLEY .53% 25Jan2024 US6174468W28 3,400,000 USD 0.53 01/25/2024 3,349,201 - Fixed Income
1.41% HONEYWELL INTERNATIONAL INC .48% 19Aug2022 US438516CC86 3,000,000 USD 0.48 08/19/2022 3,006,779 - Fixed Income
1.40% TRUIST BANK 1.25% 09Mar2023 US89788JAB52 3,000,000 USD 1.25 03/09/2023 2,983,524 - Fixed Income
1.40% ROYAL BANK OF CANADA 1.6% 17Apr2023 US78015K7G34 3,000,000 USD 1.60 04/17/2023 2,974,883 - Fixed Income
1.19% BANK OF MONTREAL 2.35% 11Sep2022 US06367TG384 2,500,000 USD 2.35 09/11/2022 2,525,229 - Fixed Income
1.17% MORGAN STANLEY .56% 10Nov2023 US6174468T98 2,500,000 USD 0.56 11/10/2023 2,483,429 - Fixed Income
1.16% BANK OF AMERICA CORP 1.49% 19May2024 US06051GJC42 2,500,000 USD 1.49 05/19/2024 2,462,529 - Fixed Income
0.95% APPLE INC 2.1% 12Sep2022 US037833DC16 2,000,000 USD 2.10 09/12/2022 2,016,750 - Fixed Income
0.95% APPLE INC 1.7% 11Sep2022 US037833DL15 2,000,000 USD 1.70 09/11/2022 2,012,910 - Fixed Income
0.94% MICROSOFT CORP 2.13% 15Nov2022 US594918AQ78 2,000,000 USD 2.13 11/15/2022 2,007,905 - Fixed Income
0.94% ROYAL BANK OF CANADA 1.95% 17Jan2023 US78015K7D03 2,000,000 USD 1.95 01/17/2023 1,991,612 - Fixed Income
0.92% JPMORGAN CHASE & CO .7% 16Mar2024 US46647PBZ80 2,000,000 USD 0.70 03/16/2024 1,968,242 - Fixed Income
0.91% BANK OF AMERICA CORP .52% 14Jun2024 US06051GJY61 2,000,000 USD 0.52 06/14/2024 1,938,992 - Fixed Income
0.87% ASTRAZENECA PLC .3% 26May2023 US046353AY48 1,903,000 USD 0.30 05/26/2023 1,860,863 - Fixed Income
0.82% TRUIST FINANCIAL CORP 2.2% 16Mar2023 US05531FBJ12 1,750,000 USD 2.20 03/16/2023 1,755,238 - Fixed Income
0.71% CITIGROUP INC 2.7% 27Oct2022 US172967LQ21 1,500,000 USD 2.70 10/27/2022 1,512,191 - Fixed Income
0.69% WELLS FARGO & CO 1.65% 02Jun2024 US95000U2R36 1,500,000 USD 1.65 06/02/2024 1,477,017 - Fixed Income
0.69% JPMORGAN CHASE & CO 1.51% 01Jun2024 US46647PBQ81 1,500,000 USD 1.51 06/01/2024 1,472,393 - Fixed Income
0.69% NVIDIA CORP .31% 15Jun2023 US67066GAK04 1,500,000 USD 0.31 06/15/2023 1,461,618 - Fixed Income
0.66% MERCK & CO INC 2.4% 15Sep2022 US589331AT41 1,400,000 USD 2.40 09/15/2022 1,414,041 - Fixed Income
0.59% BANK OF NEW YORK MELLON CORP/THE 2.95% 29Jan2023 US06406RAE71 1,250,000 USD 2.95 01/29/2023 1,248,509 - Fixed Income
0.58% FIFTH THIRD BANCORP 1.63% 05May2023 US316773CZ10 1,250,000 USD 1.63 05/05/2023 1,236,793 - Fixed Income
0.57% HSBC HOLDINGS PLC 3.95% 18May2024 US404280BS77 1,200,000 USD 3.95 05/18/2024 1,205,324 - Fixed Income
0.47% PEPSICO INC 2.75% 01Mar2023 US713448CG16 1,000,000 USD 2.75 03/01/2023 1,010,160 - Fixed Income
0.47% WALMART INC 3.4% 26Jun2023 US931142EK56 1,000,000 USD 3.40 06/26/2023 1,004,638 - Fixed Income
0.47% ABBVIE INC 2.3% 21Nov2022 US00287YBM03 1,000,000 USD 2.30 11/21/2022 1,003,557 - Fixed Income
0.46% TORONTO-DOMINION BANK/THE .25% 06Jan2023 US89114QCM87 1,000,000 USD 0.25 01/06/2023 988,995 - Fixed Income
0.46% TORONTO-DOMINION BANK/THE .75% 12Jun2023 US89114QCG10 1,000,000 USD 0.75 06/12/2023 979,512 - Fixed Income
2.11% CASH - 1 USD - - 4,490,148 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 9 ranges. Ranges are: 49.74%, Tbill.23.96%, Banking.8.31%, Technology.5.61%, Retailing.3.82%, Pharmaceuticals.2.41%, Integrated Energy.1.45%, Electric.0.8%, Diversified Manufacturing.3.9%, Others.

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: 14.83%, AAA.21.6%, AA.49.19%, A.14.38%, BBB.

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