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Overview

Fund Profile

Key Facts

Fund Ticker ZFS.L
Net Assets (Mn)
(Feb 25, 2020)
$ 24.98
Base Currency CAD
Closing Market Price $ 20.80
12-Month Low/High (Market Price) $ 20.27 / $ 20.80
Closing NAV Price
(Feb 25, 2020)
$ 20.8176
12-Month Low/High (Price (NAV)) $ 20.2729 / $ 20.8176
Weighted Average Term (Years) 2.69
Weighted Average Coupon (%) 1.89%
Annualized Distribution Yield
(Feb 21, 2020)

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

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.

1.47%
Weighted Average Duration (Years) 2.59
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.21%
Market Volume 717
Distribution Frequency Annually
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 1,200
Index FTSE Canada Short Term Federal Bond Index
Exchange TSX
CUSIP 096911300
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Short Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Federal Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between one and five years. Securities held in the Index are generally issued or guaranteed by the Government of Canada, by various agencies of the Government of Canada, and by various instrumentalities that have been established or sponsored by the Government of Canada. The ETF does not pay cash distributions, it will provide an annual reinvested and consolidated distribution.

Benchmark Info

The FTSE Canada Short Term Federal Bond IndexTMconsists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity less than five years and greater than one year, a credit rating of AAA and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. The federal sector consists of bonds issued by the Government of Canada (including both non-agency, agency/crown corporations) and supranational entities. Each security in the index is weighted by its relative market capitalization and re-balanced on a daily basis.

Fund Benefits

  • Designed for investors looking for accumulating defensive income
  • Invested in a diversified portfolio of federal bonds
  • Includes bonds with one to five years to maturity
  • 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 25, 2020)
$ 24.98
Market Price $ 20.80
12-Month Low/High (Market Price) $ 20.27 / $ 20.80
Price (NAV) $ 20.8176
12-Month Low/High (Price (NAV)) $ 20.2729 / $ 20.8176
Distribution Frequency Annually

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 20.80 - -
Price (NAV) $ 20.8176 $ 0.0108 0.05%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.43% 2.46% - - - 1.21%
Index 2.62% 2.67% - - - -6.28%
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018 2017
NAV 0.97% 1.92% 1.71% -0.99%
Index 0.96% 2.14% 1.94% -21.56%
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.97% 0.97% 0.64% 1.06% 2.43% 4.99% - - - 3.63%
Index 0.96% 0.96% 0.69% 1.15% 2.62% 5.41% - - - -17.54%

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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.

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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
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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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 25, 2020

Fixed Income

100.07%

Cash and Cash Equivalents

-0.07%

Number of Holdings

42

Total Net Assets

$ 24,981,120.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
6.52% CANADIAN GOVERNMENT BOND .75% 01Mar2021 CA135087F254 52,415,000 CAD 0.75 03/01/2021 52,229,351 Government Bonds Fixed Income
6.47% CANADIAN GOVERNMENT BOND .75% 01Sep2021 CA135087F585 52,110,000 CAD 0.75 09/01/2021 51,824,606 Government Bonds Fixed Income
5.71% CANADA HOUSING TRUST NO 1 2.9% 15Jun2024 CA13509PEF68 42,982,000 CAD 2.90 06/15/2024 45,765,750 Government Bonds Fixed Income
5.32% CANADIAN GOVERNMENT BOND .5% 01Mar2022 CA135087G328 43,240,000 CAD 0.50 03/01/2022 42,643,395 Government Bonds Fixed Income
4.83% CANADIAN GOVERNMENT BOND 1% 01Sep2022 CA135087G732 38,734,500 CAD 1.00 09/01/2022 38,644,411 Government Bonds Fixed Income
4.67% CANADIAN GOVERNMENT BOND 1.5% 01Sep2024 CA135087J967 36,645,000 CAD 1.50 09/01/2024 37,376,732 Government Bonds Fixed Income
4.44% CANADIAN GOVERNMENT BOND 3.25% 01Jun2021 CA135087ZJ69 34,470,000 CAD 3.25 06/01/2021 35,529,751 Government Bonds Fixed Income
4.20% CANADA HOUSING TRUST NO 1 2.4% 15Dec2022 CA13509PDL46 32,615,000 CAD 2.40 12/15/2022 33,627,386 Government Bonds Fixed Income
4.19% CANADIAN GOVERNMENT BOND 1.75% 01Mar2023 CA135087H490 32,780,000 CAD 1.75 03/01/2023 33,524,104 Government Bonds Fixed Income
4.15% CANADIAN GOVERNMENT BOND 2.75% 01Jun2022 CA135087ZU15 32,000,000 CAD 2.75 06/01/2022 33,233,735 Government Bonds Fixed Income
3.90% CANADIAN GOVERNMENT BOND 2% 01Sep2023 CA135087H987 30,195,000 CAD 2.00 09/01/2023 31,265,502 Government Bonds Fixed Income
3.88% CANADIAN GOVERNMENT BOND 1.5% 01Jun2023 CA135087A610 30,720,000 CAD 1.50 06/01/2023 31,064,837 Government Bonds Fixed Income
3.26% CANADA HOUSING TRUST NO 1 2.55% 15Dec2023 CA13509PGU18 24,955,000 CAD 2.55 12/15/2023 26,074,079 Government Bonds Fixed Income
3.19% CANADA HOUSING TRUST NO 1 2.35% 15Jun2023 CA13509PGM91 24,730,000 CAD 2.35 06/15/2023 25,555,085 Government Bonds Fixed Income
3.11% CANADIAN GOVERNMENT BOND 2.25% 01Mar2024 CA135087J546 23,715,000 CAD 2.25 03/01/2024 24,919,452 Government Bonds Fixed Income
3.09% CANADIAN GOVERNMENT BOND 2.5% 01Jun2024 CA135087B451 23,365,000 CAD 2.50 06/01/2024 24,753,038 Government Bonds Fixed Income
3.08% CANADIAN GOVERNMENT BOND 1.75% 01May2021 CA135087J884 24,425,000 CAD 1.75 05/01/2021 24,655,504 Government Bonds Fixed Income
3.00% CANADA HOUSING TRUST NO 1 2.65% 15Mar2022 CA13509PDB63 23,150,000 CAD 2.65 03/15/2022 23,993,757 Government Bonds Fixed Income
2.96% CANADA HOUSING TRUST NO 1 1.75% 15Jun2022 CA13509PFY49 23,470,000 CAD 1.75 06/15/2022 23,719,601 Government Bonds Fixed Income
2.57% CANADA HOUSING TRUST NO 1 1.25% 15Jun2021 CA13509PFJ71 20,570,000 CAD 1.25 06/15/2021 20,565,781 Government Bonds Fixed Income
1.87% CANADA HOUSING TRUST NO 1 1.15% 15Dec2021 CA13509PFR97 15,040,000 CAD 1.15 12/15/2021 15,000,162 Government Bonds Fixed Income
1.84% CANADA HOUSING TRUST NO 1 1.5% 15Dec2021 CA13509PFV00 14,690,000 CAD 1.50 12/15/2021 14,752,483 Government Bonds Fixed Income
1.80% CANADA HOUSING TRUST NO 1 3.8% 15Jun2021 CA13509PCS08 13,925,000 CAD 3.80 06/15/2021 14,449,769 Government Bonds Fixed Income
1.62% CANADA HOUSING TRUST NO 1 2.35% 15Sep2023 CA13509PDV28 12,434,000 CAD 2.35 09/15/2023 12,946,192 Government Bonds Fixed Income
1.40% CANADA HOUSING TRUST NO 1 1.8% 15Dec2024 CA13509PHJ53 11,000,000 CAD 1.80 12/15/2024 11,199,360 Government Bonds Fixed Income
1.19% CANADIAN GOVERNMENT BOND 1.5% 01Aug2021 CA135087K296 9,525,000 CAD 1.50 08/01/2021 9,550,393 Government Bonds Fixed Income
1.06% CANADIAN GOVERNMENT BOND 1.25% 01Nov2021 CA135087K452 8,430,000 CAD 1.25 11/01/2021 8,449,291 Government Bonds Fixed Income
1.06% CANADIAN GOVERNMENT BOND 2.5% 01Jun2024 CA135087B451 8,000,000 CAD 2.50 06/01/2024 8,475,254 Government Bonds Fixed Income
0.99% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.8% 26Jul2024 CA459058HA44 7,800,000 CAD 1.80 07/26/2024 7,897,805 SUPRANATIONAL BONDS Fixed Income
0.64% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.9% 16Jan2025 CA459058HS51 5,000,000 CAD 1.90 01/16/2025 5,094,200 SUPRANATIONAL BONDS Fixed Income
0.51% INTERNATIONAL FINANCE CORP 2.38% 19Jul2023 CA45950KCN87 4,000,000 CAD 2.38 07/19/2023 4,124,072 SUPRANATIONAL BONDS Fixed Income
0.50% CANADIAN GOVERNMENT BOND 8% 01Jun2023 CA135087UT96 3,255,000 CAD 8.00 06/01/2023 4,015,290 Government Bonds Fixed Income
0.44% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 2.5% 03Aug2023 CA459058GJ61 3,400,000 CAD 2.50 08/03/2023 3,522,194 SUPRANATIONAL BONDS Fixed Income
0.43% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 2.25% 17Jan2023 CA459058GG23 3,400,000 CAD 2.25 01/17/2023 3,481,849 SUPRANATIONAL BONDS Fixed Income
0.42% PSP CAPITAL INC 2.09% 22Nov2023 CA69363TAK84 3,320,000 CAD 2.09 11/22/2023 3,403,520 Government Bonds Fixed Income
0.41% PSP CAPITAL INC 1.73% 21Jun2022 CA69363TAL67 3,290,000 CAD 1.73 06/21/2022 3,318,372 Government Bonds Fixed Income
0.38% CANADA HOUSING TRUST NO 1 3.15% 15Sep2023 CA13509PDY66 2,824,000 CAD 3.15 09/15/2023 3,028,153 Government Bonds Fixed Income
0.29% PSP CAPITAL INC 3.29% 04Apr2024 CA69363TAH55 2,120,000 CAD 3.29 04/04/2024 2,293,002 Government Bonds Fixed Income
0.27% CANADA HOUSING TRUST NO 1 1.25% 15Jun2021 CA13509PFJ71 2,200,000 CAD 1.25 06/15/2021 2,199,564 Government Bonds Fixed Income
0.24% INTERNATIONAL FINANCE CORP 1.38% 13Sep2024 CA45950KCQ19 1,950,000 CAD 1.38 09/13/2024 1,947,791 SUPRANATIONAL BONDS Fixed Income
0.17% CANADIAN GOVERNMENT BOND 1.5% 01Feb2022 CA135087K601 1,350,000 CAD 1.50 02/01/2022 1,356,077 Government Bonds Fixed Income
-0.07% CASH - 1 CAD - - -599,005 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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