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Overview

Fund Profile

Key Facts

Fund Ticker ZST
Net Assets (Mn)
(Feb 25, 2020)
$ 482.30
Base Currency CAD
Closing Market Price $ 50.88
12-Month Low/High (Market Price) $ 50.81 / $ 51.19
Closing NAV Price
(Feb 25, 2020)
$ 50.8914
12-Month Low/High (Price (NAV)) $ 50.8064 / $ 51.1941
Weighted Average Term (Years) 0.54
Weighted Average Coupon (%) 2.75%
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.

2.83%
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.

1.90%
Weighted Average Duration (Years) 0.51
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 30,156
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 9,477
Index -
Exchange TSX
CUSIP 05579A107
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 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 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 25, 2020)
$ 482.30
Market Price $ 50.88
12-Month Low/High (Market Price) $ 50.81 / $ 51.19
Price (NAV) $ 50.8914
12-Month Low/High (Price (NAV)) $ 50.8064 / $ 51.1941
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 50.88 $ -0.01 -0.02%
Price (NAV) $ 50.8914 $ 0.0021 -

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.34% 2.27% 1.94% 1.78% - 1.82%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 0.24% 2.41% 2.00% 1.36% 1.80% 0.44% 1.54% 1.27% 2.30% 3.11%
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% 1.07% 2.34% 4.60% 5.92% 9.23% - 17.69%
Index - - - - - - - - - -

As of January 3rd, 2014 BMO 2013 Corporate Bond Target Maturity (ZXA) became BMO Ultra Short-Term Bond ETF (ZST).

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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
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.120000 0.000000 0.120000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.120000 0.000000 0.120000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
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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Effective January 6 2014 the ETF changed its name and ticker symbol to BMO Ultra Short-Term Bond ETF (ZST) and the units of the ETF were consolidated on a one for four basis. Previous distributions are adjusted to reflect the consolidation.

Holdings & Allocations

Daily Holdings

As of Feb 25, 2020

Fixed Income

99.93%

Cash and Cash Equivalents

0.07%

Number of Holdings

78

Total Net Assets

$ 482,297,513.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
4.88% CANADIAN IMPERIAL BANK OF COMMERCE 3.42% 26Jan2026 CA136069LY58 43,900,000 CAD 3.42 01/26/2026 44,609,043 - Fixed Income
4.28% GENERAL MOTORS FINANCIAL OF CANADA LTD 3.08% 22May2020 CA37045YAB08 38,733,000 CAD 3.08 05/22/2020 39,145,904 - Fixed Income
4.02% SUN LIFE FINANCIAL INC 2.6% 25Sep2025 CA86682ZAG15 36,191,800 CAD 2.60 09/25/2025 36,720,672 - Fixed Income
3.58% TORONTO-DOMINION BANK/THE 2.98% 30Sep2025 CA8911455X88 32,160,000 CAD 2.98 09/30/2025 32,745,456 - Fixed Income
3.40% NISSAN CANADA FINANCIAL SERVICES INC 1.75% 09Apr2020 CA65478FAC64 30,908,000 CAD 1.75 04/09/2020 31,109,567 - Fixed Income
3.22% BANK OF MONTREAL 2.1% 06Oct2020 CA06367XKF73 29,136,000 CAD 2.10 10/06/2020 29,434,072 - Fixed Income
3.19% BANK OF NOVA SCOTIA/THE 3.27% 11Jan2021 CA0641492L05 28,662,000 CAD 3.27 01/11/2021 29,152,148 - Fixed Income
3.09% HSBC BANK CANADA 2.45% 29Jan2021 CA40427HSY04 28,037,000 CAD 2.45 01/29/2021 28,255,601 - Fixed Income
3.00% RIOCAN REAL ESTATE INVESTMENT TRUST 2.19% 26Aug2020 CA766910BA04 27,375,000 CAD 2.19 08/26/2020 27,406,020 - Fixed Income
2.91% CANADIAN NATURAL RESOURCES LTD 2.89% 14Aug2020 CA13638ZCE30 26,470,000 CAD 2.89 08/14/2020 26,608,947 - Fixed Income
2.71% FORD CREDIT CANADA CO 2.92% 16Sep2020 CA34527ABN96 24,391,000 CAD 2.92 09/16/2020 24,783,386 - Fixed Income
2.70% NISSAN CANADA INC 2.42% 19Oct2020 CA65478FAD48 24,377,000 CAD 2.42 10/19/2020 24,654,833 - Fixed Income
2.55% FORD CREDIT CANADA CO 2.45% 07May2020 CA34527ABL31 23,165,000 CAD 2.45 05/07/2020 23,343,567 - Fixed Income
2.53% ROYAL BANK OF CANADA 3.31% 20Jan2026 CA780086LZ51 22,810,500 CAD 3.31 01/20/2026 23,162,449 - Fixed Income
2.44% MANUFACTURERS LIFE INSURANCE CO/THE 2.1% 01Jun2025 CA564835AJ56 22,169,000 CAD 2.10 06/01/2025 22,284,683 - Fixed Income
2.31% BANK OF MONTREAL 2.84% 04Jun2020 CA06367VCT04 20,938,000 CAD 2.84 06/04/2020 21,135,068 - Fixed Income
2.18% FORTIFIED TRUST 2.16% 23Oct2020 CA34960VAG38 19,751,000 CAD 2.16 10/23/2020 19,944,834 - Fixed Income
2.18% TORONTO-DOMINION BANK/THE 2.69% 24Jun2025 CA8911454X97 19,810,000 CAD 2.69 06/24/2025 19,948,693 - Fixed Income
2.16% CANADIAN NATURAL RESOURCES LTD 2.05% 01Jun2020 CA13638ZDB81 19,649,000 CAD 2.05 06/01/2020 19,749,185 - Fixed Income
2.15% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 2.3% 14Sep2020 CA17039AAE60 19,473,000 CAD 2.30 09/14/2020 19,703,217 - Fixed Income
2.03% MANUFACTURERS LIFE INSURANCE CO/THE 2.39% 05Jan2026 CA564835AK20 18,475,000 CAD 2.39 01/05/2026 18,602,903 - Fixed Income
1.94% CARDS II TRUST 2.16% 15Oct2020 CA14161ZCE66 17,547,000 CAD 2.16 10/15/2020 17,725,948 - Fixed Income
1.91% BMW CANADA INC 1.78% 19Oct2020 CA05590HAR80 17,385,000 CAD 1.78 10/19/2020 17,493,184 - Fixed Income
1.91% HSBC BANK CANADA 1.82% 07Jul2020 CA40427HSW48 17,403,000 CAD 1.82 07/07/2020 17,447,669 - Fixed Income
1.90% ROYAL BANK OF CANADA 2.48% 04Jun2025 CA780086KR45 17,275,000 CAD 2.48 06/04/2025 17,396,885 - Fixed Income
1.81% GLACIER CREDIT CARD TRUST 2.24% 20Sep2020 CA37638ZBG87 16,334,000 CAD 2.24 09/20/2020 16,531,998 - Fixed Income
1.50% BANK OF NOVA SCOTIA/THE 3.37% 08Dec2025 CA064151GC13 13,498,000 CAD 3.37 12/08/2025 13,739,864 - Fixed Income
1.46% WELLS FARGO CANADA CORP 3.04% 29Jan2021 CA94975ZBU99 13,216,000 CAD 3.04 01/29/2021 13,395,508 - Fixed Income
1.24% VW CREDIT CANADA INC 2.15% 24Jun2020 CA918423AN49 11,255,000 CAD 2.15 06/24/2020 11,303,700 - Fixed Income
1.18% JOHN DEERE CANADA FUNDING INC 2.05% 17Sep2020 CA47787ZAX02 10,634,000 CAD 2.05 09/17/2020 10,746,433 - Fixed Income
1.15% FIRST CAPITAL REAL ESTATE INVESTMENT TRUST 5.6% 30Apr2020 CA31943BBF63 10,285,000 CAD 5.60 04/30/2020 10,536,465 - Fixed Income
1.14% FIRST NATIONAL FINANCIAL CORP 4.01% 09Apr2020 CA33564PAB90 10,220,000 CAD 4.01 04/09/2020 10,398,142 - Fixed Income
1.04% CAPITAL DESJARDINS INC 5.19% 05May2020 CA14006ZAD92 9,287,000 CAD 5.19 05/05/2020 9,495,542 - Fixed Income
1.04% EAGLE CREDIT CARD TRUST 2.15% 17Sep2020 CA26948ZAL63 9,425,000 CAD 2.15 09/17/2020 9,531,874 - Fixed Income
0.99% PENSKE TRUCK LEASING CANADA INC 2.95% 12Jun2020 CA70960AAB40 8,984,000 CAD 2.95 06/12/2020 9,063,511 - Fixed Income
0.97% OMERS REALTY CORP 3.2% 24Jul2020 CA68214WAJ77 8,771,000 CAD 3.20 07/24/2020 8,846,433 - Fixed Income
0.96% GENESIS TRUST II 1.7% 15Apr2020 CA37185ZAG69 8,720,000 CAD 1.70 04/15/2020 8,773,172 - Fixed Income
0.92% DAIMLER CANADA FINANCE INC 1.57% 25May2020 CA23384NBA42 8,430,000 CAD 1.57 05/25/2020 8,457,563 - Fixed Income
0.88% CATERPILLAR FINANCIAL SERVICES LTD 1.5% 08Jun2020 CA14911ZAS08 8,000,000 CAD 1.50 06/08/2020 8,019,844 - Fixed Income
0.86% WESTCOAST ENERGY INC 4.57% 02Jul2020 CA95751ZAL72 7,745,000 CAD 4.57 07/02/2020 7,868,700 - Fixed Income
0.83% INTER PIPELINE LTD 3.45% 20Jul2020 CA45834ZAD11 7,514,500 CAD 3.45 07/20/2020 7,585,518 - Fixed Income
0.78% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 3.5% 08Feb2021 CA17039AAC05 7,021,000 CAD 3.50 02/08/2021 7,133,390 - Fixed Income
0.76% CANADIAN IMPERIAL BANK OF COMMERCE 1.85% 14Jul2020 CA13595ZZ661 6,975,000 CAD 1.85 07/14/2020 6,992,876 - Fixed Income
0.75% BANK OF MONTREAL 3.34% 08Dec2025 CA06369ZBT09 6,781,000 CAD 3.34 12/08/2025 6,900,785 - Fixed Income
0.74% ENBRIDGE PIPELINES INC 4.45% 06Apr2020 CA29250ZAL28 6,649,000 CAD 4.45 04/06/2020 6,783,424 - Fixed Income
0.74% HONDA CANADA FINANCE INC 2.16% 18Feb2021 CA438121AG00 6,731,000 CAD 2.16 02/18/2021 6,757,087 - Fixed Income
0.68% CANADIAN NATIONAL RAILWAY CO 2.75% 18Feb2021 CA136375CA80 6,147,000 CAD 2.75 02/18/2021 6,202,658 - Fixed Income
0.61% TELUS CORP 3.6% 26Jan2021 CA87971MAT05 5,477,000 CAD 3.60 01/26/2021 5,577,339 - Fixed Income
0.61% ARTIS REAL ESTATE INVESTMENT TRUST 3.67% 22Feb2021 CA04315LAK13 5,500,000 CAD 3.67 02/22/2021 5,574,993 - Fixed Income
0.58% CANADIAN WESTERN BANK 2.75% 29Jun2020 CA136765AV69 5,245,000 CAD 2.75 06/29/2020 5,284,932 - Fixed Income
0.55% LOBLAW COS LTD 5.22% 18Jun2020 CA53947ZBT36 4,893,000 CAD 5.22 06/18/2020 4,991,143 - Fixed Income
0.52% GENERAL MOTORS FINANCIAL OF CANADA LTD 3% 26Feb2021 CA37045YAD63 4,735,000 CAD 3.00 02/26/2021 4,774,642 - Fixed Income
0.49% SUN LIFE FINANCIAL INC 3.1% 19Feb2026 CA86682ZAH97 4,420,000 CAD 3.10 02/19/2026 4,473,098 - Fixed Income
0.42% FORD FLOORPLAN AUTO SECURITIZATION TRUST 2.2% 15Jul2020 CA34528TBD96 3,800,000 CAD 2.20 07/15/2020 3,812,576 - Fixed Income
0.37% ALTALINK INVESTMENTS LP 3.27% 05Jun2020 CA02137PAD83 3,396,000 CAD 3.27 06/05/2020 3,423,082 - Fixed Income
0.36% HYDRO ONE INC 4.4% 01Jun2020 CA44810ZBA71 3,197,000 CAD 4.40 06/01/2020 3,252,189 - Fixed Income
0.36% RIOCAN REAL ESTATE INVESTMENT TRUST 3.62% 01Jun2020 CA766910AX16 3,250,000 CAD 3.62 06/01/2020 3,292,042 - Fixed Income
0.32% GENWORTH MI CANADA INC 5.68% 15Jun2020 CA37252BAA04 2,907,000 CAD 5.68 06/15/2020 2,970,751 - Fixed Income
0.30% TORONTO-DOMINION BANK/THE 2.56% 24Jun2020 CA891145S471 2,727,000 CAD 2.56 06/24/2020 2,746,387 - Fixed Income
0.30% DAIMLER CANADA FINANCE INC 2.3% 23Nov2020 CA23384NBD80 2,685,000 CAD 2.30 11/23/2020 2,708,432 - Fixed Income
0.24% CI FINANCIAL CORP 2.65% 07Dec2020 CA125491AD24 2,173,000 CAD 2.65 12/07/2020 2,195,818 - Fixed Income
0.23% CANADIAN TIRE CORP LTD 2.65% 06Jul2020 CA13668ZAW82 2,100,000 CAD 2.65 07/06/2020 2,112,988 - Fixed Income
0.23% ALIMENTATION COUCHE-TARD INC 4.21% 21Aug2020 CA01626PAD83 2,090,000 CAD 4.21 08/21/2020 2,113,591 - Fixed Income
0.23% ALGONQUIN POWER CO 4.82% 15Feb2021 CA01585PAC91 2,002,000 CAD 4.82 02/15/2021 2,059,204 - Fixed Income
0.21% FINNING INTERNATIONAL INC 3.23% 03Jul2020 CA31807ZAM47 1,900,000 CAD 3.23 07/03/2020 1,916,980 - Fixed Income
0.21% ENBRIDGE INC 4.26% 01Feb2021 CA29251ZAX56 1,860,000 CAD 4.26 02/01/2021 1,905,264 - Fixed Income
0.19% TORONTO-DOMINION BANK/THE 1.69% 02Apr2020 CA8911454A94 1,710,000 CAD 1.69 04/02/2020 1,721,580 - Fixed Income
0.18% BMW CANADA INC 1.88% 11Dec2020 CA05590HAT47 1,634,000 CAD 1.88 12/11/2020 1,641,331 - Fixed Income
0.15% RELIANCE LP 3.81% 15Sep2020 CA759480AH94 1,319,000 CAD 3.81 09/15/2020 1,353,370 - Fixed Income
0.14% ENBRIDGE GAS INC 4.04% 23Nov2020 CA29290ZAJ99 1,288,000 CAD 4.04 11/23/2020 1,322,543 - Fixed Income
0.13% ALTAGAS LTD 4.07% 01Jun2020 CA02138ZAD56 1,166,000 CAD 4.07 06/01/2020 1,183,385 - Fixed Income
0.12% CADILLAC FAIRVIEW FINANCE TRUST 4.31% 25Jan2021 CA12741RAB56 1,029,000 CAD 4.31 01/25/2021 1,057,067 - Fixed Income
0.09% ENERGIR INC 1.52% 25May2020 CA368271AZ53 830,000 CAD 1.52 05/25/2020 832,496 - Fixed Income
0.09% MORGUARD CORP 4.01% 18Nov2020 CA617577AB78 830,000 CAD 4.01 11/18/2020 849,247 - Fixed Income
0.06% ROYAL BANK OF CANADA 1.92% 17Jul2020 CA780086KY95 575,000 CAD 1.92 07/17/2020 576,577 - Fixed Income
0.04% TOYOTA CREDIT CANADA INC 2.05% 20May2020 CA892329AT03 407,000 CAD 2.05 05/20/2020 409,509 - Fixed Income
0.01% ALTALINK LP 3.62% 17Sep2020 CA02135ZAJ53 50,000 CAD 3.62 09/17/2020 51,291 - Fixed Income
0.07% CASH - 1 CAD - - 637,410 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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