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Overview

Fund Profile

Key Facts

Fund Ticker ZFS
Net Assets (Mn)
(Sep 18, 2019)
$ 992.84
Base Currency CAD
Closing Market Price $ 14.28
12-Month Low/High (Market Price) $ 13.97 / $ 14.38
Closing NAV Price
(Sep 18, 2019)
$ 14.2698
12-Month Low/High (Price (NAV)) $ 13.9900 / $ 14.3952
Weighted Average Term (Years) 2.92
Weighted Average Coupon (%) 1.91%
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.

1.85%
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.

1.68%
Weighted Average Duration (Years) 2.80
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.23%
Market Volume 435,757
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 69,577
Index FTSE Canada Short Term Federal Bond Index
Exchange TSX
CUSIP 096911102
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.

Benchmark Info

The FTSE Canada Short Term Federal Bond IndexTM consists 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 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)
(Sep 18, 2019)
$ 992.84
Market Price $ 14.28
12-Month Low/High (Market Price) $ 13.97 / $ 14.38
Price (NAV) $ 14.2698
12-Month Low/High (Price (NAV)) $ 13.9900 / $ 14.3952
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 14.28 $ 0.02 0.14%
Price (NAV) $ 14.2698 $ 0.0060 0.04%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.82% 1.91% 0.93% 1.28% - 1.78%
Index 4.03% 2.12% 1.15% 1.47% - 1.96%
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 2.56% 1.72% -0.79% -0.05% 2.23% 2.36% 1.10% 0.85% 4.39% 2.95%
Index 2.68% 1.94% -0.60% 0.13% 2.42% 2.51% 1.29% 1.06% 4.50% 3.19%
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.56% 0.72% 0.61% 1.99% 3.82% 3.85% 2.83% 6.55% - 18.95%
Index 2.68% 0.72% 0.66% 2.07% 4.03% 4.28% 3.48% 7.59% - 21.11%

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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
Jan, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.022000 0.000000 0.022000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.022000 0.000000 0.022000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.022000 0.000000 0.022000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.022000 0.000000 0.022000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.022000 0.000000 0.022000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.022000 0.000000 0.022000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.022000 0.000000 0.022000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.022000 0.000000 0.022000
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

99.52%

Cash and Cash Equivalents

0.48%

Number of Holdings

41

Total Net Assets

$ 992,843,417.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
6.10% CANADIAN GOVERNMENT BOND .75% 01Mar2021 CA135087F254 62,580,000 CAD 0.75 03/01/2021 61,786,719 Government Fixed Income
5.62% CANADIAN GOVERNMENT BOND .75% 01Sep2021 CA135087F585 57,835,000 CAD 0.75 09/01/2021 56,927,391 Government Fixed Income
4.79% CANADA HOUSING TRUST NO 1 2.9% 15Jun2024 CA13509PEF68 45,817,000 CAD 2.90 06/15/2024 48,510,251 Government Fixed Income
4.54% CANADIAN GOVERNMENT BOND 1% 01Sep2022 CA135087G732 46,614,500 CAD 1.00 09/01/2022 45,913,980 Government Fixed Income
4.52% CANADA HOUSING TRUST NO 1 2.4% 15Dec2022 CA13509PDL46 44,580,000 CAD 2.40 12/15/2022 45,803,292 Government Fixed Income
4.46% CANADIAN GOVERNMENT BOND .5% 01Mar2022 CA135087G328 46,290,000 CAD 0.50 03/01/2022 45,117,950 Government Fixed Income
4.22% CANADIAN GOVERNMENT BOND 3.25% 01Jun2021 CA135087ZJ69 41,165,000 CAD 3.25 06/01/2021 42,686,742 Government Fixed Income
4.17% CANADIAN GOVERNMENT BOND 1.5% 01Sep2024 CA135087J967 42,090,000 CAD 1.50 09/01/2024 42,224,558 Government Fixed Income
4.00% CANADIAN GOVERNMENT BOND 2.75% 01Jun2022 CA135087ZU15 38,910,000 CAD 2.75 06/01/2022 40,475,067 Government Fixed Income
3.47% CANADIAN GOVERNMENT BOND 2% 01Sep2023 CA135087H987 34,420,000 CAD 2.00 09/01/2023 35,121,806 Government Fixed Income
3.36% CANADIAN GOVERNMENT BOND 1.75% 01Mar2023 CA135087H490 33,730,000 CAD 1.75 03/01/2023 34,026,084 Government Fixed Income
3.35% CANADIAN GOVERNMENT BOND 2.25% 01Feb2021 CA135087J629 33,540,000 CAD 2.25 02/01/2021 33,905,544 Government Fixed Income
3.31% CANADA HOUSING TRUST NO 1 1.75% 15Jun2022 CA13509PFY49 33,320,000 CAD 1.75 06/15/2022 33,498,866 Government Fixed Income
3.25% CANADIAN GOVERNMENT BOND 2.5% 01Jun2024 CA135087B451 31,245,000 CAD 2.50 06/01/2024 32,949,128 Government Fixed Income
3.23% CANADIAN GOVERNMENT BOND 1.5% 01Jun2023 CA135087A610 32,525,000 CAD 1.50 06/01/2023 32,683,625 Government Fixed Income
3.22% CANADIAN GOVERNMENT BOND 2.25% 01Mar2024 CA135087J546 31,495,000 CAD 2.25 03/01/2024 32,569,868 Government Fixed Income
3.02% CANADIAN GOVERNMENT BOND 1.75% 01May2021 CA135087J884 30,275,000 CAD 1.75 05/01/2021 30,540,298 Government Fixed Income
2.92% CANADA HOUSING TRUST NO 1 2.35% 15Jun2023 CA13509PGM91 28,805,000 CAD 2.35 06/15/2023 29,604,509 Government Fixed Income
2.88% CANADA HOUSING TRUST NO 1 2.55% 15Dec2023 CA13509PGU18 28,050,000 CAD 2.55 12/15/2023 29,132,340 Government Fixed Income
2.67% CANADIAN GOVERNMENT BOND 2% 01Nov2020 CA135087J470 26,705,000 CAD 2.00 11/01/2020 27,000,498 Government Fixed Income
2.52% CANADA HOUSING TRUST NO 1 1.15% 15Dec2021 CA13509PFR97 25,740,000 CAD 1.15 12/15/2021 25,499,978 Government Fixed Income
2.31% CANADA HOUSING TRUST NO 1 1.5% 15Dec2021 CA13509PFV00 23,445,000 CAD 1.50 12/15/2021 23,427,827 Government Fixed Income
2.06% CANADA HOUSING TRUST NO 1 1.25% 15Jun2021 CA13509PFJ71 20,990,000 CAD 1.25 06/15/2021 20,893,347 Government Fixed Income
2.05% CANADA HOUSING TRUST NO 1 2.65% 15Mar2022 CA13509PDB63 20,335,000 CAD 2.65 03/15/2022 20,801,014 Government Fixed Income
1.72% CANADA HOUSING TRUST NO 1 3.8% 15Jun2021 CA13509PCS08 16,675,000 CAD 3.80 06/15/2021 17,435,798 Government Fixed Income
1.30% CANADA HOUSING TRUST NO 1 3.35% 15Dec2020 CA13509PCL54 12,755,000 CAD 3.35 12/15/2020 13,121,427 Government Fixed Income
1.23% CANADIAN GOVERNMENT BOND 1.5% 01Aug2021 CA135087K296 12,450,000 CAD 1.50 08/01/2021 12,453,442 Government Fixed Income
1.22% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 1.8% 26Jul2024 CA459058HA44 12,300,000 CAD 1.80 07/26/2024 12,339,284 Government Fixed Income
1.18% CANADA HOUSING TRUST NO 1 2.35% 15Sep2023 CA13509PDV28 11,689,000 CAD 2.35 09/15/2023 11,957,992 Government Fixed Income
0.82% CANADA HOUSING TRUST NO 1 3.15% 15Sep2023 CA13509PDY66 7,884,000 CAD 3.15 09/15/2023 8,307,259 Government Fixed Income
0.51% INTERNATIONAL FINANCE CORP 2.38% 19Jul2023 CA45950KCN87 5,000,000 CAD 2.38 07/19/2023 5,128,196 Government Fixed Income
0.45% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 2.5% 03Aug2023 CA459058GJ61 4,400,000 CAD 2.50 08/03/2023 4,538,318 Government Fixed Income
0.44% INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT 2.25% 17Jan2023 CA459058GG23 4,400,000 CAD 2.25 01/17/2023 4,485,185 Government Fixed Income
0.43% PSP CAPITAL INC 2.09% 22Nov2023 CA69363TAK84 4,320,000 CAD 2.09 11/22/2023 4,394,338 Financial Fixed Income
0.40% CANADIAN GOVERNMENT BOND 8% 01Jun2023 CA135087UT96 3,255,000 CAD 8.00 06/01/2023 4,092,024 Government Fixed Income
0.39% INTERNATIONAL FINANCE CORP 1.38% 13Sep2024 CA45950KCQ19 4,000,000 CAD 1.38 09/13/2024 3,922,455 Government Fixed Income
0.33% PSP CAPITAL INC 1.73% 21Jun2022 CA69363TAL67 3,290,000 CAD 1.73 06/21/2022 3,300,011 Financial Fixed Income
0.23% PSP CAPITAL INC 3.29% 04Apr2024 CA69363TAH55 2,120,000 CAD 3.29 04/04/2024 2,284,015 Financial Fixed Income
0.48% CASH - 1 CAD - - 4,816,099 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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