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Overview

Fund Profile

Key Facts

Fund Ticker ZST
Net Assets (Mn)
(Sep 18, 2019)
$ 680.95
Base Currency CAD
Closing Market Price $ 51.01
12-Month Low/High (Market Price) $ 50.95 / $ 51.20
Closing NAV Price
(Sep 18, 2019)
$ 51.0002
12-Month Low/High (Price (NAV)) $ 50.9674 / $ 51.1941
Weighted Average Term (Years) 0.43
Weighted Average Coupon (%) 2.77%
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.

2.82%
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.

2.09%
Weighted Average Duration (Years) 0.41
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 80,590
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 13,352
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)
(Sep 18, 2019)
$ 680.95
Market Price $ 51.01
12-Month Low/High (Market Price) $ 50.95 / $ 51.20
Price (NAV) $ 51.0002
12-Month Low/High (Price (NAV)) $ 50.9674 / $ 51.1941
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 51.01 $ 0.02 0.04%
Price (NAV) $ 51.0002 $ 0.0038 0.01%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.55% 2.13% 1.92% 1.50% - 1.81%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 1.77% 2.00% 1.36% 1.80% 0.44% 1.54% 1.27% 2.30% 3.11%
Index - - - - - - - - -
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 1.77% 0.20% 0.53% 1.25% 2.55% 4.31% 5.86% 7.73% - 16.68%
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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.125000 0.000000 0.125000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.120000 0.000000 0.120000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.120000 0.000000 0.120000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.120000 0.000000 0.120000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.120000 0.000000 0.120000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.120000 0.000000 0.120000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.120000 0.000000 0.120000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.120000 0.000000 0.120000
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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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 Sep 18, 2019

Fixed Income

99.94%

Cash and Cash Equivalents

0.06%

Number of Holdings

82

Total Net Assets

$ 680,954,403.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
3.65% MANUFACTURERS LIFE INSURANCE CO/THE 2.64% 15Jan2025 CA564835AH90 37,775,000 CAD 1.00 01/15/2025 38,010,945 Financial Fixed Income
3.50% ROYAL BANK OF CANADA 2.99% 06Dec2024 CA780086CW22 36,081,100 CAD 1.00 12/06/2024 36,462,212 Financial Fixed Income
3.45% CANADIAN IMPERIAL BANK OF COMMERCE 1.66% 20Jan2020 CA13596ZLB99 35,863,000 CAD 1.66 01/20/2020 35,935,767 Financial Fixed Income
3.42% LAURENTIAN BANK OF CANADA 2.5% 23Jan2020 CA51925DBD71 35,500,000 CAD 2.50 01/23/2020 35,686,885 Financial Fixed Income
3.18% BANK OF MONTREAL 3.12% 19Sep2024 CA06369ZBS26 33,100,000 CAD 1.00 09/19/2024 33,106,219 Financial Fixed Income
2.96% CANADIAN NATURAL RESOURCES LTD 2.6% 03Dec2019 CA13638ZCQ69 30,569,000 CAD 2.60 12/03/2019 30,836,242 Energy Fixed Income
2.84% CANADIAN WESTERN BANK 3.46% 17Dec2024 CA136765AP91 29,225,000 CAD 1.00 12/17/2024 29,564,116 Financial Fixed Income
2.80% BANK OF NOVA SCOTIA/THE 3.04% 18Oct2024 CA064149P272 28,795,700 CAD 1.00 10/18/2024 29,190,670 Financial Fixed Income
2.77% NISSAN CANADA FINANCIAL SERVICES INC 1.75% 09Apr2020 CA65478FAC64 28,744,000 CAD 1.75 04/09/2020 28,909,003 Financial Fixed Income
2.62% HSBC BANK CANADA 1.82% 07Jul2020 CA40427HSW48 27,274,000 CAD 1.82 07/07/2020 27,328,353 Financial Fixed Income
2.57% NISSAN CANADA INC 1.58% 07Oct2019 CA65478FAA09 26,613,000 CAD 1.58 10/07/2019 26,799,347 - Fixed Income
2.53% VW CREDIT CANADA INC 2.5% 01Oct2019 CA918423AK00 26,093,000 CAD 2.50 10/01/2019 26,404,360 - Fixed Income
2.51% GENERAL MOTORS FINANCIAL OF CANADA LTD 3.08% 22May2020 CA37045YAB08 25,733,000 CAD 3.08 05/22/2020 26,123,163 - Fixed Income
2.48% DREAM OFFICE REAL ESTATE INVESTMENT TRUST 4.07% 21Jan2020 CA26153PAC82 25,550,000 CAD 4.07 01/21/2020 25,861,055 Financial Fixed Income
2.44% VENTAS CANADA FINANCE LTD 3% 30Sep2019 CA92277LAA40 25,112,000 CAD 3.00 09/30/2019 25,475,993 Financial Fixed Income
2.43% CENTRAL 1 CREDIT UNION 1.87% 16Mar2020 CA154728AM10 25,324,000 CAD 1.87 03/16/2020 25,300,924 Financial Fixed Income
2.41% HSBC BANK CANADA 2.94% 14Jan2020 CA40427HSQ79 24,898,000 CAD 2.94 01/14/2020 25,111,857 Financial Fixed Income
2.36% DAIMLER CANADA FINANCE INC 1.8% 16Dec2019 CA23384NAX53 24,500,000 CAD 1.80 12/16/2019 24,599,576 - Fixed Income
2.22% FORD CREDIT CANADA CO 2.45% 07May2020 CA34527ABL31 22,915,000 CAD 2.45 05/07/2020 23,097,036 - Fixed Income
2.11% TORONTO-DOMINION BANK/THE 2.69% 24Jun2025 CA8911454X97 21,810,000 CAD 1.00 06/24/2025 22,026,803 Financial Fixed Income
2.03% CHOICE PROPERTIES LP 3.6% 20Apr2020 CA17039BAD60 20,727,000 CAD 3.60 04/20/2020 21,135,045 Financial Fixed Income
2.03% BANK OF MONTREAL 2.84% 04Jun2020 CA06367VCT04 20,878,000 CAD 2.84 06/04/2020 21,179,478 Financial Fixed Income
2.00% CANADIAN WESTERN BANK 2.38% 23Jan2020 CA136765AX26 20,775,000 CAD 2.38 01/23/2020 20,874,729 Financial Fixed Income
1.92% CANADIAN IMPERIAL BANK OF COMMERCE 3% 28Oct2024 CA136069JJ10 19,800,000 CAD 1.00 10/28/2024 20,056,464 Financial Fixed Income
1.82% ENBRIDGE INC 4.53% 09Mar2020 CA29251ZAW73 18,785,000 CAD 4.53 03/09/2020 19,011,192 Energy Fixed Income
1.82% ALIMENTATION COUCHE-TARD INC 3.32% 01Nov2019 CA01626PAB28 18,752,000 CAD 3.32 11/01/2019 19,018,550 - Fixed Income
1.62% GLACIER CREDIT CARD TRUST 2.57% 20Sep2019 CA37638ZAU80 16,901,000 CAD 2.57 09/20/2019 16,901,276 Financial Fixed Income
1.54% BANK OF NOVA SCOTIA/THE 2.27% 13Jan2020 CA0641497L59 16,017,000 CAD 2.27 01/13/2020 16,103,894 Financial Fixed Income
1.45% CANADIAN NATURAL RESOURCES LTD 2.05% 01Jun2020 CA13638ZDB81 15,075,000 CAD 2.05 06/01/2020 15,147,232 Energy Fixed Income
1.43% SAPUTO INC 2.65% 26Nov2019 CA80310ZAA71 14,785,000 CAD 2.65 11/26/2019 14,924,946 - Fixed Income
1.38% ROYAL BANK OF CANADA 2.48% 04Jun2025 CA780086KR45 14,275,000 CAD 1.00 06/04/2025 14,403,116 Financial Fixed Income
1.33% ROYAL BANK OF CANADA 2.35% 09Dec2019 CA780086JX32 13,800,000 CAD 2.35 12/09/2019 13,906,721 Financial Fixed Income
1.29% MANUFACTURERS LIFE INSURANCE CO/THE 2.1% 01Jun2025 CA564835AJ56 13,369,000 CAD 1.00 06/01/2025 13,440,593 Financial Fixed Income
1.09% HUSKY ENERGY INC 5% 12Mar2020 CA448055AH65 11,195,000 CAD 5.00 03/12/2020 11,356,503 Energy Fixed Income
1.03% FIRST CAPITAL REALTY INC 5.6% 30Apr2020 CA31943BBF63 10,285,000 CAD 5.60 04/30/2020 10,714,679 Financial Fixed Income
1.00% FIRST NATIONAL FINANCIAL CORP 4.01% 09Apr2020 CA33564PAB90 10,220,000 CAD 4.01 04/09/2020 10,465,921 Financial Fixed Income
0.94% RIOCAN REAL ESTATE INVESTMENT TRUST 2.19% 26Aug2020 CA766910BA04 9,775,000 CAD 2.19 08/26/2020 9,783,413 Financial Fixed Income
0.93% VW CREDIT CANADA INC 2.15% 24Jun2020 CA918423AN49 9,650,000 CAD 2.15 06/24/2020 9,686,339 - Fixed Income
0.91% CAPITAL DESJARDINS INC 5.19% 05May2020 CA14006ZAD92 9,143,000 CAD 5.19 05/05/2020 9,496,950 Financial Fixed Income
0.89% NATIONAL BANK OF CANADA 2.4% 28Oct2019 CA633067ZK23 9,184,000 CAD 2.40 10/28/2019 9,277,051 Financial Fixed Income
0.87% FORD CREDIT CANADA CO 2.92% 16Sep2020 CA34527ABN96 9,011,000 CAD 2.92 09/16/2020 9,019,508 - Fixed Income
0.85% OMERS REALTY CORP 3.2% 24Jul2020 CA68214WAJ77 8,754,000 CAD 3.20 07/24/2020 8,887,046 Financial Fixed Income
0.77% CATERPILLAR FINANCIAL SERVICES LTD 1.5% 08Jun2020 CA14911ZAS08 8,000,000 CAD 1.50 06/08/2020 8,005,161 Industrial Fixed Income
0.76% TOYOTA CREDIT CANADA INC 2.05% 20May2020 CA892329AT03 7,907,000 CAD 2.05 05/20/2020 7,962,248 - Fixed Income
0.76% WESTCOAST ENERGY INC 4.57% 02Jul2020 CA95751ZAL72 7,738,000 CAD 4.57 07/02/2020 7,959,820 Energy Fixed Income
0.75% HYDRO ONE INC 1.48% 18Nov2019 CA44810ZBT62 7,837,000 CAD 1.48 11/18/2019 7,870,819 - Fixed Income
0.73% ROYAL BANK OF CANADA 1.92% 17Jul2020 CA780086KY95 7,573,000 CAD 1.92 07/17/2020 7,595,813 Financial Fixed Income
0.72% CANADIAN IMPERIAL BANK OF COMMERCE 1.85% 14Jul2020 CA13595ZZ661 7,500,000 CAD 1.85 07/14/2020 7,518,585 Financial Fixed Income
0.71% TORONTO-DOMINION BANK/THE 2.56% 24Jun2020 CA891145S471 7,315,000 CAD 2.56 06/24/2020 7,394,111 Financial Fixed Income
0.71% CANADIAN NATURAL RESOURCES LTD 2.89% 14Aug2020 CA13638ZCE30 7,290,000 CAD 2.89 08/14/2020 7,350,826 Energy Fixed Income
0.66% ENBRIDGE PIPELINES INC 4.45% 06Apr2020 CA29250ZAL28 6,630,000 CAD 4.45 04/06/2020 6,846,297 Energy Fixed Income
0.60% GENESIS TRUST II 1.7% 15Apr2020 CA37185ZAG69 6,220,000 CAD 1.70 04/15/2020 6,257,886 Financial Fixed Income
0.58% BANK OF NOVA SCOTIA/THE 2.4% 28Oct2019 CA0641496N25 6,000,000 CAD 2.40 10/28/2019 6,060,583 Financial Fixed Income
0.54% INTER PIPELINE LTD 3.45% 20Jul2020 CA45834ZAD11 5,514,500 CAD 3.45 07/20/2020 5,599,290 Energy Fixed Income
0.51% CANADIAN WESTERN BANK 2.75% 29Jun2020 CA136765AV69 5,245,000 CAD 2.75 06/29/2020 5,300,612 Financial Fixed Income
0.51% JOHN DEERE CANADA FUNDING INC 2.05% 17Sep2020 CA47787ZAX02 5,284,000 CAD 2.05 09/17/2020 5,280,791 Industrial Fixed Income
0.49% LOBLAW COS LTD 5.22% 18Jun2020 CA53947ZBT36 4,883,000 CAD 5.22 06/18/2020 5,057,089 - Fixed Income
0.49% KRAFT CANADA INC 2.7% 06Jul2020 CA50077HAA38 5,039,000 CAD 2.70 07/06/2020 5,091,007 - Fixed Income
0.37% FORD FLOORPLAN AUTO SECURITIZATION TRUST 2.2% 15Jul2020 CA34528TBD96 3,800,000 CAD 2.20 07/15/2020 3,814,271 - Fixed Income
0.36% TOYOTA CREDIT CANADA INC 2.48% 19Nov2019 CA892329AQ63 3,700,000 CAD 2.48 11/19/2019 3,734,286 - Fixed Income
0.32% RIOCAN REAL ESTATE INVESTMENT TRUST 3.62% 01Jun2020 CA766910AX16 3,250,000 CAD 3.62 06/01/2020 3,316,891 Financial Fixed Income
0.32% ALTALINK INVESTMENTS LP 3.27% 05Jun2020 CA02137PAD83 3,296,000 CAD 3.27 06/05/2020 3,345,453 - Fixed Income
0.31% DAIMLER CANADA FINANCE INC 1.57% 25May2020 CA23384NBA42 3,240,000 CAD 1.57 05/25/2020 3,243,223 - Fixed Income
0.30% HYDRO ONE INC 4.4% 01Jun2020 CA44810ZBA71 3,053,000 CAD 4.40 06/01/2020 3,142,823 - Fixed Income
0.29% GENWORTH MI CANADA INC 5.68% 15Jun2020 CA37252BAA04 2,899,000 CAD 5.68 06/15/2020 3,011,817 Financial Fixed Income
0.25% CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST 2.3% 14Sep2020 CA17039AAE60 2,573,000 CAD 2.30 09/14/2020 2,575,012 Financial Fixed Income
0.23% EAGLE CREDIT CARD TRUST 2.15% 17Sep2020 CA26948ZAL63 2,425,000 CAD 2.15 09/17/2020 2,426,711 Financial Fixed Income
0.20% CANADIAN TIRE CORP LTD 2.65% 06Jul2020 CA13668ZAW82 2,100,000 CAD 2.65 07/06/2020 2,118,116 - Fixed Income
0.20% ALIMENTATION COUCHE-TARD INC 4.21% 21Aug2020 CA01626PAD83 2,090,000 CAD 4.21 08/21/2020 2,134,147 - Fixed Income
0.18% FINNING INTERNATIONAL INC 3.23% 03Jul2020 CA31807ZAM47 1,900,000 CAD 3.23 07/03/2020 1,927,450 Industrial Fixed Income
0.16% TORONTO HYDRO CORP 4.49% 12Nov2019 CA89119ZAB90 1,671,000 CAD 4.49 11/12/2019 1,703,788 - Fixed Income
0.13% RELIANCE LP 3.81% 15Sep2020 CA759480AH94 1,319,000 CAD 3.81 09/15/2020 1,337,687 - Fixed Income
0.11% ALTAGAS LTD 4.07% 01Jun2020 CA02138ZAD56 1,166,000 CAD 4.07 06/01/2020 1,193,957 Energy Fixed Income
0.10% EMERA INC 4.83% 02Dec2019 CA29087ZAC10 1,000,000 CAD 4.83 12/02/2019 1,019,637 - Fixed Income
0.09% ALLIANCE PIPELINE LP/CANADA 4.93% 16Dec2019 CA01877ZAL46 944,000 CAD 4.93 12/16/2019 961,834 Energy Fixed Income
0.08% H&R REAL ESTATE INVESTMENT TRUST 4.45% 02Mar2020 CA403925AL47 800,000 CAD 4.45 03/02/2020 809,287 Financial Fixed Income
0.08% OMERS REALTY CORP 2.47% 12Nov2019 CA68214WAL24 800,000 CAD 2.47 11/12/2019 807,649 Financial Fixed Income
0.07% ENERGIR INC 1.52% 25May2020 CA368271AZ53 730,000 CAD 1.52 05/25/2020 731,067 - Fixed Income
0.04% TOYOTA CREDIT CANADA INC 1.8% 19Feb2020 CA892329AR47 388,000 CAD 1.80 02/19/2020 388,283 - Fixed Income
0.04% BLACKBIRD INFRASTRUCTURE 407 GP 1.71% 08Oct2021 CA09228LAB68 464,000 CAD 1.00 10/08/2021 464,834 Industrial Fixed Income
0.00% ALTALINK LP 3.62% 17Sep2020 CA02135ZAJ53 50,000 CAD 3.62 09/17/2020 50,754 - Fixed Income
0.06% CASH - 1 CAD - - 584,358 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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