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Overview

Fund Profile

Key Facts

Key Facts table has 24 rows
Fund Ticker ZST
Net Assets (Mn)
(Apr 20, 2021)
$ 546.45
Base Currency CAD
Closing Market Price $ 50.07
12-Month Low/High (Market Price) $ 50.05 / $ 50.84
Closing NAV Price
(Apr 20, 2021)
$ 50.0828
12-Month Low/High (Price (NAV)) $ 50.0795 / $ 50.8194
Weighted Average Term (Years) 0.54
Weighted Average Coupon (%) 2.53%
Annualized Distribution Yield
(Apr 09, 2021)

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

Footnote
2.64%
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.

Footnote
0.47%
Weighted Average Duration (Years) 0.52
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.16%
Market Volume 60,774
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 10,911
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

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Performance details table has 6 columns. Table columns are Fund Total Assets ($Mn)<br>(Apr 20, 2021), Market Price, 12-Month Low/High (Market Price), Price (NAV), 12-Month Low/High (Price (NAV)) , Distribution Frequency
Fund Total Assets ($Mn)
(Apr 20, 2021)
$ 546.45
Market Price $ 50.07
12-Month Low/High (Market Price) $ 50.05 / $ 50.84
Price (NAV) $ 50.0828
12-Month Low/High (Price (NAV)) $ 50.0795 / $ 50.8194
Distribution Frequency Monthly

Daily Prices

Daily prices table has 2 columns. Table columns are 1 Day Change, 1 Day % Change
Unit Price as of
(Apr 20, 2021)
1 Day Change 1 Day % Change
Market Price $ 50.07 $ -0.01 -0.02%
Price (NAV) $ 50.0828 $ 0.0029 0.01%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Mar 31, 2021

Annualized performance table has 6 columns. Table columns are 1 Year, 2 Year, 3 Year, 5 Year, 10 Year, Since Inception
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.78% 1.75% 1.95% 1.81% 1.80% 1.78%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Mar 31, 2021

Calendar year performance table has 10 columns. Table columns are YTD, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012
YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012
NAV 0.08% 1.79% 2.41% 2.00% 1.36% 1.80% 0.44% 1.54% 1.27% 2.30%
Index - - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Mar 31, 2021

Cumulative performance table has 10 columns. Table columns are YTD, 1 Mo, 3 Mo, 6 Mo, 1 Year, 2 Year, 3 Year, 5 Year, 10 Year, Since Inception
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.08% 0.07% 0.08% 0.28% 1.78% 3.54% 5.95% 9.40% 19.50% 19.61%
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.

Download Distribution History (Excel)
Distribution history table has 7 columns. Table columns are Distribution Period, Ex-Dividend Date, Record Date, Pay Date, Cash Distribution Per Unit, Reinvested Distribution Per Unit, Total Distribution Per Unit
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
Jan, 2021 Jan 27, 2021 Jan 28, 2021 Feb 02, 2021 0.110000 0.000000 0.110000
Feb, 2021 Feb 24, 2021 Feb 25, 2021 Mar 02, 2021 0.110000 0.000000 0.110000
Mar, 2021 Mar 29, 2021 Mar 30, 2021 Apr 05, 2021 0.110000 0.000000 0.110000
Apr, 2021 Apr 28, 2021 Apr 29, 2021 May 04, 2021 - - -
May, 2021 May 26, 2021 May 27, 2021 Jun 02, 2021 - - -
Jun, 2021 Jun 28, 2021 Jun 29, 2021 Jul 06, 2021 - - -
Jul, 2021 Jul 28, 2021 Jul 29, 2021 Aug 04, 2021 - - -
Aug, 2021 Aug 27, 2021 Aug 30, 2021 Sep 02, 2021 - - -
Sep, 2021 Sep 28, 2021 Sep 29, 2021 Oct 04, 2021 - - -
Oct, 2021 Oct 27, 2021 Oct 28, 2021 Nov 02, 2021 - - -
Nov, 2021 Nov 26, 2021 Nov 29, 2021 Dec 02, 2021 - - -
Dec, 2021 Dec 29, 2021 Dec 30, 2021 Jan 05, 2022 - - -
Download Distribution Tax (Excel)
Distribution tax table has 9 columns. Table columns are Distribution Period, Eligible Dividends, Non Eligible Dividends, Other Income, Capital Gains, Return on Capital, Foreign Income, Foreign Tax Paid, Total Distribution per Unit for Tax Purpose
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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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 Apr 20, 2021

Fixed Income

100.04%

Cash and Cash Equivalents

-0.04%

Number of Holdings

68

Total Net Assets

$ 546,453,213.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 10 columns. Table columns are Weight (%), Name, ISIN, Par Value, Currency, Coupon, Maturity, Base Market Value, Sector, Asset Class
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
7.15% DOLLARAMA INC 2.34% 22Jul2021 CA25675TAD96 70,767,000 CAD 2.34 07/22/2021 71,512,516 - Fixed Income
5.27% BRUCE POWER LP 2.84% 23Jun2021 CA116705AA28 52,010,300 CAD 2.84 06/23/2021 52,702,501 - Fixed Income
5.16% HONDA CANADA FINANCE INC 1.82% 07Dec2021 CA438121AK12 50,822,100 CAD 1.82 12/07/2021 51,621,335 - Fixed Income
5.07% ALTAGAS LTD 3.72% 28Sep2021 CA02138ZAE30 49,885,000 CAD 3.72 09/28/2021 50,684,429 - Fixed Income
4.55% CANADIAN WESTERN BANK 2.79% 13Sep2021 CA136765AW43 44,912,000 CAD 2.79 09/13/2021 45,464,039 - Fixed Income
4.29% DAIMLER CANADA FINANCE INC 1.91% 08Jul2021 CA23384NAV97 42,550,100 CAD 1.91 07/08/2021 42,922,092 - Fixed Income
4.27% ROYAL BANK OF CANADA 1.97% 02Mar2022 CA780086KD58 41,992,500 CAD 1.97 03/02/2022 42,685,002 - Fixed Income
3.83% TORONTO-DOMINION BANK/THE 1.99% 23Mar2022 CA891160K519 37,736,000 CAD 1.99 03/23/2022 38,357,352 - Fixed Income
3.63% CHOICE PROPERTIES LP 3.6% 20Sep2021 CA17039BAE44 35,981,000 CAD 3.60 09/20/2021 36,285,804 - Fixed Income
3.41% SAPUTO INC 2.2% 23Jun2021 CA80310ZAB54 33,797,000 CAD 2.20 06/23/2021 34,142,946 - Fixed Income
2.96% CANADIAN NATURAL RESOURCES LTD 3.31% 11Feb2022 CA13638ZDA09 28,791,000 CAD 3.31 02/11/2022 29,557,669 - Fixed Income
2.72% BMW CANADA INC 2.57% 06Aug2021 CA05590HAV92 26,929,000 CAD 2.57 08/06/2021 27,248,563 - Fixed Income
2.58% JOHN DEERE FINANCIAL INC 2.99% 14Jan2022 CA47788ZAB72 25,174,000 CAD 2.99 01/14/2022 25,855,670 - Fixed Income
2.49% BANK OF MONTREAL 2.12% 16Mar2022 CA06367V6B64 24,496,000 CAD 2.12 03/16/2022 24,931,540 - Fixed Income
2.10% ROYAL BANK OF CANADA 2% 21Mar2022 CA780086NV20 20,642,000 CAD 2.00 03/21/2022 20,982,899 - Fixed Income
1.98% BANK OF NOVA SCOTIA/THE 2.58% 30Mar2027 CA064151AR46 19,387,000 CAD 2.58 03/30/2027 19,773,292 - Fixed Income
1.95% VENTAS CANADA FINANCE LTD 3.3% 01Feb2022 CA92277LAC06 18,991,000 CAD 3.30 02/01/2022 19,466,778 - Fixed Income
1.93% FORTIFIED TRUST 1.67% 23Jul2021 CA34960VAA67 19,172,000 CAD 1.67 07/23/2021 19,318,971 - Fixed Income
1.91% CANADIAN IMPERIAL BANK OF COMMERCE 2.04% 21Mar2022 CA13596ZNQ41 18,803,000 CAD 2.04 03/21/2022 19,123,103 - Fixed Income
1.89% SMARTCENTRES REAL ESTATE INVESTMENT TRUST 2.76% 23Jun2021 CA83179XAJ78 18,667,000 CAD 2.76 06/23/2021 18,907,959 - Fixed Income
1.60% BANK OF NOVA SCOTIA/THE 1.9% 02Dec2021 CA064151PQ08 15,783,300 CAD 1.90 12/02/2021 16,053,794 - Fixed Income
1.52% METRO INC/CN 3.2% 01Dec2021 CA59162NAA78 14,784,000 CAD 3.20 12/01/2021 15,178,323 - Fixed Income
1.51% EMPIRE LIFE INSURANCE CO/THE 3.38% 16Dec2026 CA291839AD09 14,647,000 CAD 3.38 12/16/2026 15,078,155 - Fixed Income
1.38% NATIONAL BANK OF CANADA 1.81% 26Jul2021 CA633067W902 13,712,000 CAD 1.81 07/26/2021 13,828,427 - Fixed Income
1.31% HYDRO ONE INC 3.2% 13Jan2022 CA44810ZBF68 12,771,000 CAD 3.20 01/13/2022 13,142,644 - Fixed Income
1.21% HSBC BANK CANADA 2.91% 29Sep2021 CA40427HSU81 11,963,000 CAD 2.91 09/29/2021 12,118,758 - Fixed Income
1.20% BMW CANADA INC 1.83% 15Jun2021 CA05590HAQ08 11,920,000 CAD 1.83 06/15/2021 12,023,940 - Fixed Income
1.20% TORONTO-DOMINION BANK/THE 2.62% 22Dec2021 CA8911452R48 11,698,000 CAD 2.62 12/22/2021 11,980,618 - Fixed Income
1.17% FINNING INTERNATIONAL INC 2.84% 29Sep2021 CA318071AE71 11,521,000 CAD 2.84 09/29/2021 11,654,747 - Fixed Income
1.16% NORTH WEST REDWATER PARTNERSHIP / NWR FINANCING CO LTD 2.1% 23Feb2022 CA663307AC03 11,440,000 CAD 2.10 02/23/2022 11,601,709 - Fixed Income
1.15% BMW CANADA INC 2.15% 26Nov2021 CA05590HAX58 11,285,000 CAD 2.15 11/26/2021 11,501,254 - Fixed Income
1.14% TELUS CORP 2.35% 28Mar2022 CA87971MBA05 11,168,000 CAD 2.35 03/28/2022 11,353,373 - Fixed Income
1.11% DAIMLER CANADA FINANCE INC 2.23% 16Dec2021 CA23384NAY37 10,896,000 CAD 2.23 12/16/2021 11,105,308 - Fixed Income
1.05% TRANSCANADA PIPELINES LTD 3.65% 15Nov2021 CA89353ZBW73 10,133,400 CAD 3.65 11/15/2021 10,472,152 - Fixed Income
0.96% FEDERATION DES CAISSES DESJARDINS DU QUEBEC 2.09% 17Jan2022 CA31430WAA23 9,382,000 CAD 2.09 01/17/2022 9,556,320 - Fixed Income
0.93% MANULIFE BANK OF CANADA 1.92% 01Sep2021 CA565018CW61 9,268,000 CAD 1.92 09/01/2021 9,345,190 - Fixed Income
0.88% NISSAN CANADA FINANCIAL SERVICES INC 3.15% 14Sep2021 CA65478FAF95 8,672,000 CAD 3.15 09/14/2021 8,781,794 - Fixed Income
0.87% TOYOTA CREDIT CANADA INC 2.02% 28Feb2022 CA892329AY97 8,572,000 CAD 2.02 02/28/2022 8,714,799 - Fixed Income
0.79% ROYAL BANK OF CANADA 3.45% 29Sep2026 CA780086JM76 7,743,000 CAD 3.45 09/29/2026 7,861,845 - Fixed Income
0.77% JOHN DEERE FINANCIAL INC 3.07% 23Jul2021 CA47788ZAA99 7,619,000 CAD 3.07 07/23/2021 7,730,803 - Fixed Income
0.73% NATIONAL BANK OF CANADA 2.11% 18Mar2022 CA633067C276 7,194,000 CAD 2.11 03/18/2022 7,321,096 - Fixed Income
0.73% BANK OF MONTREAL 1.61% 28Oct2021 CA06367XYL95 7,214,000 CAD 1.61 10/28/2021 7,319,691 - Fixed Income
0.62% CENTRAL 1 CREDIT UNION 3.06% 14Oct2026 CA154728AK53 6,161,000 CAD 3.06 10/14/2026 6,225,395 - Fixed Income
0.58% CROMBIE REAL ESTATE INVESTMENT TRUST 3.96% 01Jun2021 CA227107AG47 5,737,000 CAD 3.96 06/01/2021 5,847,213 - Fixed Income
0.58% RELIANCE LP 4.08% 02Aug2021 CA759480AG12 5,700,000 CAD 4.08 08/02/2021 5,802,832 - Fixed Income
0.44% TORONTO HYDRO CORP 3.54% 18Nov2021 CA89119ZAD56 4,243,000 CAD 3.54 11/18/2021 4,383,392 - Fixed Income
0.38% JOHN DEERE CANADA FUNDING INC 2.7% 12Oct2021 CA47787ZBW10 3,715,000 CAD 2.70 10/12/2021 3,759,923 - Fixed Income
0.37% INDUSTRIAL ALLIANCE INSURANCE & FINANCIAL SERVICES INC 2.64% 23Feb2027 CA455870AC92 3,659,000 CAD 2.64 02/23/2027 3,732,029 - Fixed Income
0.36% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 3.01% 21Mar2022 CA17039AAJ57 3,559,000 CAD 3.01 03/21/2022 3,638,675 - Fixed Income
0.32% TOYOTA CREDIT CANADA INC 1.75% 21Jul2021 CA892329AW32 3,211,000 CAD 1.75 07/21/2021 3,236,933 - Fixed Income
0.29% BANK OF MONTREAL 3.32% 01Jun2026 CA06369ZCC64 2,882,000 CAD 3.32 06/01/2026 2,928,782 - Fixed Income
0.25% PEMBINA PIPELINE CORP 3.43% 10Nov2021 CA92343ZAE57 2,464,000 CAD 3.43 11/10/2021 2,533,239 - Fixed Income
0.25% LOWER MATTAGAMI ENERGY LP 4.33% 18May2021 CA548243AA21 2,476,000 CAD 4.33 05/18/2021 2,529,080 - Fixed Income
0.25% CANADIAN IMPERIAL BANK OF COMMERCE 1.64% 12Jul2021 CA13596ZDN20 2,445,000 CAD 1.64 07/12/2021 2,463,772 - Fixed Income
0.24% CATERPILLAR FINANCIAL SERVICES LTD 2.8% 08Jun2021 CA14911ZAU53 2,400,000 CAD 2.80 06/08/2021 2,432,867 - Fixed Income
0.23% ENBRIDGE GAS INC 2.76% 02Jun2021 CA90664ZAC47 2,260,000 CAD 2.76 06/02/2021 2,288,401 - Fixed Income
0.21% CANADIAN WESTERN BANK 2.83% 14Mar2022 CA136765BE36 2,100,000 CAD 2.83 03/14/2022 2,148,807 - Fixed Income
0.16% BCIMC REALTY CORP 2.1% 03Jun2021 CA07329VAQ38 1,625,000 CAD 2.10 06/03/2021 1,641,496 - Fixed Income
0.16% FIFTH AVENUE LP 4.71% 05Aug2021 CA316701AA93 1,596,502 CAD 4.71 08/05/2021 1,626,088 - Fixed Income
0.16% WESTCOAST ENERGY INC 3.88% 28Oct2021 CA95751ZAP86 1,500,000 CAD 3.88 10/28/2021 1,553,063 - Fixed Income
0.15% ROYAL BANK OF CANADA 1.58% 13Sep2021 CA780086MZ43 1,502,000 CAD 1.58 09/13/2021 1,512,317 - Fixed Income
0.14% ALTALINK INVESTMENTS LP 2.24% 07Mar2022 CA02137PAE66 1,388,000 CAD 2.24 03/07/2022 1,406,406 - Fixed Income
0.13% TORONTO-DOMINION BANK/THE 1.68% 08Jun2021 CA891160KV43 1,255,000 CAD 1.68 06/08/2021 1,265,212 - Fixed Income
0.10% CANADIAN IMPERIAL BANK OF COMMERCE 2.9% 14Sep2021 CA136069V324 1,009,500 CAD 2.90 09/14/2021 1,023,077 - Fixed Income
0.08% CANADIAN TREASURY BILL .01% 16Sep2021 CA1350Z78D90 850,000 CAD 0.01 09/16/2021 849,584 - Fixed Income
0.05% BOW CENTRE STREET LP 3.69% 14Jun2021 CA156327AA63 465,000 CAD 3.69 06/14/2021 472,248 - Fixed Income
0.01% BANK OF NOVA SCOTIA/THE 2.87% 04Jun2021 CA0641494K04 87,000 CAD 2.87 06/04/2021 88,232 - Fixed Income
-0.04% CASH - 1 CAD - - -408,535 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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