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Overview

Fund Profile

Key Facts

Fund Ticker ZST.L
Net Assets (Mn)
(Feb 14, 2020)
$ 434.47
Base Currency CAD
Closing Market Price $ 52.98
12-Month Low/High (Market Price) $ 51.77 / $ 52.98
Closing NAV Price
(Feb 14, 2020)
$ 52.9912
12-Month Low/High (Price (NAV)) $ 51.7925 / $ 52.9912
Weighted Average Term (Years) 0.54
Weighted Average Coupon (%) 2.71%
Annualized Distribution Yield
(Feb 07, 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.

1.96%
Weighted Average Duration (Years) 0.52
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 145,468
Distribution Frequency Annually
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 8,199
Index -
Exchange TSX
CUSIP 05579A305
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Ultra Short-Term Bond ETF has been designed to provide exposure to a diversified mix of short-term 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 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 rebalanced based on the portfolio manager’s fundamental analysis, relative strength indicators, and risk adjusted yield expectations.

Fund Benefits

  • Designed for investors looking for accumulating defensive income
  • Invested in a diversified portfolio of federal, provincial, corporate bonds, and preferred shares
  • Includes bonds with less than one year 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 14, 2020)
$ 434.47
Market Price $ 52.98
12-Month Low/High (Market Price) $ 51.77 / $ 52.98
Price (NAV) $ 52.9912
12-Month Low/High (Price (NAV)) $ 51.7925 / $ 52.9912
Distribution Frequency Annually

Daily Prices

Unit Price as of
(Feb 14, 2020)
1 Day Change 1 Day % Change
Market Price $ 52.98 - -
Price (NAV) $ 52.9912 $ 0.0064 0.01%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.35% 2.28% - - - -
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017
NAV 0.24% 2.42% 2.00% -
Index - - - -
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 0.24% 0.24% 0.55% 1.08% 2.35% 4.60% - - - -
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
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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 Feb 13, 2020

Fixed Income

100.03%

Cash and Cash Equivalents

-0.03%

Number of Holdings

72

Total Net Assets

$ 434,474,439.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
4.97% CANADIAN IMPERIAL BANK OF COMMERCE 3.42% 26Jan2026 CA136069LY58 43,900,000 CAD 3.42 01/26/2026 44,537,721 - Fixed Income
4.37% GENERAL MOTORS FINANCIAL OF CANADA LTD 3.08% 22May2020 CA37045YAB08 38,733,000 CAD 3.08 05/22/2020 39,122,121 - Fixed Income
3.65% TORONTO-DOMINION BANK/THE 2.98% 30Sep2025 CA8911455X88 32,160,000 CAD 2.98 09/30/2025 32,713,853 - Fixed Income
3.47% NISSAN CANADA FINANCIAL SERVICES INC 1.75% 09Apr2020 CA65478FAC64 30,908,000 CAD 1.75 04/09/2020 31,094,603 - Fixed Income
3.28% BANK OF MONTREAL 2.1% 06Oct2020 CA06367XKF73 29,136,000 CAD 2.10 10/06/2020 29,406,971 - Fixed Income
3.25% BANK OF NOVA SCOTIA/THE 3.27% 11Jan2021 CA0641492L05 28,662,000 CAD 3.27 01/11/2021 29,116,944 - Fixed Income
3.15% HSBC BANK CANADA 2.45% 29Jan2021 CA40427HSY04 28,037,000 CAD 2.45 01/29/2021 28,214,237 - Fixed Income
3.09% RIOCAN REAL ESTATE INVESTMENT TRUST 2.19% 26Aug2020 CA766910BA04 27,375,000 CAD 2.19 08/26/2020 27,681,344 - Fixed Income
3.08% SUN LIFE FINANCIAL INC 2.6% 25Sep2025 CA86682ZAG15 27,191,800 CAD 2.60 09/25/2025 27,562,947 - Fixed Income
2.89% FORD CREDIT CANADA CO 2.45% 07May2020 CA34527ABL31 25,665,000 CAD 2.45 05/07/2020 25,848,947 - Fixed Income
2.76% FORD CREDIT CANADA CO 2.92% 16Sep2020 CA34527ABN96 24,391,000 CAD 2.92 09/16/2020 24,757,103 - Fixed Income
2.75% NISSAN CANADA INC 2.42% 19Oct2020 CA65478FAD48 24,377,000 CAD 2.42 10/19/2020 24,628,510 - Fixed Income
2.70% CANADIAN NATURAL RESOURCES LTD 2.89% 14Aug2020 CA13638ZCE30 24,070,000 CAD 2.89 08/14/2020 24,175,677 - Fixed Income
2.58% ROYAL BANK OF CANADA 3.31% 20Jan2026 CA780086LZ51 22,810,500 CAD 3.31 01/20/2026 23,125,108 - Fixed Income
2.49% MANUFACTURERS LIFE INSURANCE CO/THE 2.1% 01Jun2025 CA564835AJ56 22,169,000 CAD 2.10 06/01/2025 22,269,341 - Fixed Income
2.36% BANK OF MONTREAL 2.84% 04Jun2020 CA06367VCT04 20,938,000 CAD 2.84 06/04/2020 21,122,208 - Fixed Income
2.22% FORTIFIED TRUST 2.16% 23Oct2020 CA34960VAG38 19,751,000 CAD 2.16 10/23/2020 19,923,293 - Fixed Income
2.22% TORONTO-DOMINION BANK/THE 2.69% 24Jun2025 CA8911454X97 19,810,000 CAD 2.69 06/24/2025 19,934,896 - Fixed Income
2.20% CANADIAN NATURAL RESOURCES LTD 2.05% 01Jun2020 CA13638ZDB81 19,649,000 CAD 2.05 06/01/2020 19,735,820 - Fixed Income
2.20% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 2.3% 14Sep2020 CA17039AAE60 19,473,000 CAD 2.30 09/14/2020 19,693,015 - Fixed Income
2.07% MANUFACTURERS LIFE INSURANCE CO/THE 2.39% 05Jan2026 CA564835AK20 18,475,000 CAD 2.39 01/05/2026 18,579,143 - Fixed Income
1.98% CARDS II TRUST 2.16% 15Oct2020 CA14161ZCE66 17,547,000 CAD 2.16 10/15/2020 17,708,791 - Fixed Income
1.95% BMW CANADA INC 1.78% 19Oct2020 CA05590HAR80 17,385,000 CAD 1.78 10/19/2020 17,475,889 - Fixed Income
1.95% HSBC BANK CANADA 1.82% 07Jul2020 CA40427HSW48 17,403,000 CAD 1.82 07/07/2020 17,435,387 - Fixed Income
1.94% ROYAL BANK OF CANADA 2.48% 04Jun2025 CA780086KR45 17,275,000 CAD 2.48 06/04/2025 17,384,913 - Fixed Income
1.84% GLACIER CREDIT CARD TRUST 2.24% 20Sep2020 CA37638ZBG87 16,334,000 CAD 2.24 09/20/2020 16,513,370 - Fixed Income
1.57% TORONTO-DOMINION BANK/THE 2.56% 24Jun2020 CA891145S471 13,977,000 CAD 2.56 06/24/2020 14,067,178 - Fixed Income
1.49% WELLS FARGO CANADA CORP 3.04% 29Jan2021 CA94975ZBU99 13,216,000 CAD 3.04 01/29/2021 13,375,267 - Fixed Income
1.26% VW CREDIT CANADA INC 2.15% 24Jun2020 CA918423AN49 11,255,000 CAD 2.15 06/24/2020 11,295,219 - Fixed Income
1.20% JOHN DEERE CANADA FUNDING INC 2.05% 17Sep2020 CA47787ZAX02 10,634,000 CAD 2.05 09/17/2020 10,737,164 - Fixed Income
1.18% FIRST CAPITAL REAL ESTATE INVESTMENT TRUST 5.6% 30Apr2020 CA31943BBF63 10,285,000 CAD 5.60 04/30/2020 10,530,161 - Fixed Income
1.16% FIRST NATIONAL FINANCIAL CORP 4.01% 09Apr2020 CA33564PAB90 10,220,000 CAD 4.01 04/09/2020 10,392,289 - Fixed Income
1.12% TORONTO-DOMINION BANK/THE 1.69% 02Apr2020 CA8911454A94 10,010,000 CAD 1.69 04/02/2020 10,072,871 - Fixed Income
1.06% CAPITAL DESJARDINS INC 5.19% 05May2020 CA14006ZAD92 9,287,000 CAD 5.19 05/05/2020 9,489,493 - Fixed Income
1.06% EAGLE CREDIT CARD TRUST 2.15% 17Sep2020 CA26948ZAL63 9,425,000 CAD 2.15 09/17/2020 9,522,461 - Fixed Income
1.01% PENSKE TRUCK LEASING CANADA INC 2.95% 12Jun2020 CA70960AAB40 8,984,000 CAD 2.95 06/12/2020 9,058,023 - Fixed Income
0.99% OMERS REALTY CORP 3.2% 24Jul2020 CA68214WAJ77 8,771,000 CAD 3.20 07/24/2020 8,839,666 - Fixed Income
0.98% GENESIS TRUST II 1.7% 15Apr2020 CA37185ZAG69 8,720,000 CAD 1.70 04/15/2020 8,768,986 - Fixed Income
0.96% BANK OF NOVA SCOTIA/THE 3.37% 08Dec2025 CA064151GC13 8,498,000 CAD 3.37 12/08/2025 8,640,247 - Fixed Income
0.94% DAIMLER CANADA FINANCE INC 1.57% 25May2020 CA23384NBA42 8,430,000 CAD 1.57 05/25/2020 8,451,960 - Fixed Income
0.89% CATERPILLAR FINANCIAL SERVICES LTD 1.5% 08Jun2020 CA14911ZAS08 8,000,000 CAD 1.50 06/08/2020 8,014,559 - Fixed Income
0.88% WESTCOAST ENERGY INC 4.57% 02Jul2020 CA95751ZAL72 7,745,000 CAD 4.57 07/02/2020 7,863,575 - Fixed Income
0.85% CANADIAN IMPERIAL BANK OF COMMERCE 1.85% 14Jul2020 CA13595ZZ661 7,575,000 CAD 1.85 07/14/2020 7,588,877 - Fixed Income
0.85% INTER PIPELINE LTD 3.45% 20Jul2020 CA45834ZAD11 7,514,500 CAD 3.45 07/20/2020 7,579,256 - Fixed Income
0.80% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 3.5% 08Feb2021 CA17039AAC05 7,021,000 CAD 3.50 02/08/2021 7,126,102 - Fixed Income
0.77% BANK OF MONTREAL 3.34% 08Dec2025 CA06369ZBT09 6,781,000 CAD 3.34 12/08/2025 6,892,715 - Fixed Income
0.76% ENBRIDGE PIPELINES INC 4.45% 06Apr2020 CA29250ZAL28 6,649,000 CAD 4.45 04/06/2020 6,779,678 - Fixed Income
0.62% TELUS CORP 3.6% 26Jan2021 CA87971MAT05 5,477,000 CAD 3.60 01/26/2021 5,569,996 - Fixed Income
0.59% CANADIAN WESTERN BANK 2.75% 29Jun2020 CA136765AV69 5,245,000 CAD 2.75 06/29/2020 5,281,166 - Fixed Income
0.56% LOBLAW COS LTD 5.22% 18Jun2020 CA53947ZBT36 4,893,000 CAD 5.22 06/18/2020 4,987,363 - Fixed Income
0.55% TOYOTA CREDIT CANADA INC 2.05% 20May2020 CA892329AT03 4,907,000 CAD 2.05 05/20/2020 4,934,106 - Fixed Income
0.43% FORD FLOORPLAN AUTO SECURITIZATION TRUST 2.2% 15Jul2020 CA34528TBD96 3,800,000 CAD 2.20 07/15/2020 3,809,366 - Fixed Income
0.38% ALTALINK INVESTMENTS LP 3.27% 05Jun2020 CA02137PAD83 3,396,000 CAD 3.27 06/05/2020 3,421,142 - Fixed Income
0.37% RIOCAN REAL ESTATE INVESTMENT TRUST 3.62% 01Jun2020 CA766910AX16 3,250,000 CAD 3.62 06/01/2020 3,289,837 - Fixed Income
0.36% HYDRO ONE INC 4.4% 01Jun2020 CA44810ZBA71 3,197,000 CAD 4.40 06/01/2020 3,250,237 - Fixed Income
0.33% GENWORTH MI CANADA INC 5.68% 15Jun2020 CA37252BAA04 2,907,000 CAD 5.68 06/15/2020 2,968,571 - Fixed Income
0.30% DAIMLER CANADA FINANCE INC 2.3% 23Nov2020 CA23384NBD80 2,685,000 CAD 2.30 11/23/2020 2,705,309 - Fixed Income
0.29% ROYAL BANK OF CANADA 1.92% 17Jul2020 CA780086KY95 2,575,000 CAD 1.92 07/17/2020 2,580,253 - Fixed Income
0.24% CANADIAN TIRE CORP LTD 2.65% 06Jul2020 CA13668ZAW82 2,100,000 CAD 2.65 07/06/2020 2,111,300 - Fixed Income
0.24% ALIMENTATION COUCHE-TARD INC 4.21% 21Aug2020 CA01626PAD83 2,090,000 CAD 4.21 08/21/2020 2,156,134 - Fixed Income
0.24% CI FINANCIAL CORP 2.65% 07Dec2020 CA125491AD24 2,173,000 CAD 2.65 12/07/2020 2,192,797 - Fixed Income
0.21% FINNING INTERNATIONAL INC 3.23% 03Jul2020 CA31807ZAM47 1,900,000 CAD 3.23 07/03/2020 1,915,576 - Fixed Income
0.21% ENBRIDGE INC 4.26% 01Feb2021 CA29251ZAX56 1,860,000 CAD 4.26 02/01/2021 1,902,271 - Fixed Income
0.18% BMW CANADA INC 1.88% 11Dec2020 CA05590HAT47 1,634,000 CAD 1.88 12/11/2020 1,639,535 - Fixed Income
0.15% RELIANCE LP 3.81% 15Sep2020 CA759480AH94 1,319,000 CAD 3.81 09/15/2020 1,351,892 - Fixed Income
0.15% ENBRIDGE GAS INC 4.04% 23Nov2020 CA29290ZAJ99 1,288,000 CAD 4.04 11/23/2020 1,321,125 - Fixed Income
0.13% ALTAGAS LTD 4.07% 01Jun2020 CA02138ZAD56 1,166,000 CAD 4.07 06/01/2020 1,182,630 - Fixed Income
0.12% CADILLAC FAIRVIEW FINANCE TRUST 4.31% 25Jan2021 CA12741RAB56 1,029,000 CAD 4.31 01/25/2021 1,055,583 - Fixed Income
0.09% ENERGIR INC 1.52% 25May2020 CA368271AZ53 830,000 CAD 1.52 05/25/2020 832,033 - Fixed Income
0.09% MORGUARD CORP 4.01% 18Nov2020 CA617577AB78 830,000 CAD 4.01 11/18/2020 848,205 - Fixed Income
0.01% ALTALINK LP 3.62% 17Sep2020 CA02135ZAJ53 50,000 CAD 3.62 09/17/2020 51,246 - Fixed Income
-0.03% CASH - 1 CAD - - -247,565 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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