Overview
Price & Performance
Tax & Distributions
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Holdings & Allocations
Download Holdings (Excel)
Fund Profile
Key Facts
| Fund Ticker | ZST |
|---|---|
|
Net Assets (Mn) (May 29, 2023) |
$ 658.45 |
| Base Currency | CAD |
| Closing Market Price | $ 48.74 |
| 12-Month Low/High (Market Price) | $ 48.52 / $ 48.94 |
|
Closing NAV Price (May 29, 2023) |
$ 48.7347 |
| 12-Month Low/High (Price (NAV)) | $ 48.5325 / $ 49.0110 |
| Weighted Average Term (Years) | 0.35 |
| Weighted Average Coupon (%) | 2.74% |
|
Annualized Distribution Yield (May 19, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
4.68% |
|
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 |
5.15% |
| Weighted Average Duration (Years) | 0.34 |
| Maximum Annual Management Fee | 0.15% |
| Management Expense Ratio | 0.16% |
| Market Volume | 125,099 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Jan 28, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 13,511 |
| 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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Performance Chart
Growth of 10,000
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (May 29, 2023) |
$ 658.45 |
|---|---|
| Market Price | $ 48.74 |
| 12-Month Low/High (Market Price) | $ 48.52 / $ 48.94 |
| Price (NAV) | $ 48.7347 |
| 12-Month Low/High (Price (NAV)) | $ 48.5325 / $ 49.0110 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (May 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 48.74 | $ 0.01 | 0.02% |
| Price (NAV) | $ 48.7347 | $ 0.0083 | 0.02% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Apr 28, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 3.12% | 1.47% | 1.44% | 1.73% | 1.51% | 1.72% |
| Index | - | - | - | - | - | - |
| Apr 28, 2023 |
Calendar Year Performance (%) for period ending: Apr 28, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1.63% | 1.17% | 0.23% | 1.79% | 2.41% | 2.00% | 1.36% | 1.80% | 0.44% | 1.54% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Apr 28, 2023 |
Cumulative Performance (%) for period ending: Apr 28, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1.63% | 0.40% | 1.15% | 2.36% | 3.12% | 2.96% | 4.37% | 8.93% | 16.16% | 23.17% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Apr 28, 2023 |
As of January 3rd, 2014 BMO 2013 Corporate Bond Target Maturity (ZXA) became BMO Ultra Short-Term Bond ETF (ZST).
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Distribution History
| 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, 2023 | Jan 27, 2023 | Jan 30, 2023 | Feb 02, 2023 | 0.190000 | - | 0.190000 |
| Feb, 2023 | Feb 24, 2023 | Feb 27, 2023 | Mar 02, 2023 | 0.190000 | - | 0.190000 |
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.190000 | - | 0.190000 |
| Apr, 2023 | Apr 26, 2023 | Apr 27, 2023 | May 02, 2023 | 0.190000 | - | 0.190000 |
| May, 2023 | May 30, 2023 | May 31, 2023 | Jun 05, 2023 | 0.190000 | - | 0.190000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | - | - | - |
| Jul, 2023 | Jul 27, 2023 | Jul 28, 2023 | Aug 02, 2023 | - | - | - |
| Aug, 2023 | Aug 29, 2023 | Aug 30, 2023 | Sep 05, 2023 | - | - | - |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | - | - | - |
| Oct, 2023 | Oct 27, 2023 | Oct 30, 2023 | Nov 02, 2023 | - | - | - |
| Nov, 2023 | Nov 28, 2023 | Nov 29, 2023 | Dec 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2023 | - | - | - |
| Year to Date | 0.950000 | 0.000000 | 0.950000 |
| 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.
Daily Holdings
As of May 29, 2023
Fixed Income
81.79%
Stock
0.89%
Cash and Cash Equivalents
18.21%
Number of Holdings
58
Total Net Assets
$ 658,454,261.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 14.37% | CANADA T BILL 20Jul2023 | CA1350Z7BC79 | 127,385,000 | CAD | 0.00 | 07/20/2023 | 126,550,768 | - | Cash and Cash Equivalents |
| 7.05% | CANADIAN WESTERN BANK 1.57% 14Sep2023 | CA136765BL78 | 62,605,000 | CAD | 1.57 | 09/14/2023 | 62,099,150 | - | Fixed Income |
| 5.98% | OMERS REALTY CORP 1.3% 22Sep2023 | CA68214WAT59 | 53,161,000 | CAD | 1.30 | 09/22/2023 | 52,670,156 | - | Fixed Income |
| 4.54% | TORONTO-DOMINION BANK/THE 1.91% 18Jul2023 | CA891160LV34 | 39,863,000 | CAD | 1.91 | 07/18/2023 | 39,987,208 | - | Fixed Income |
| 3.91% | EMERA INC 2.9% 16Jun2023 | CA290876AC55 | 33,991,000 | CAD | 2.90 | 06/16/2023 | 34,406,905 | - | Fixed Income |
| 3.90% | CANADA T BILL 09Nov2023 | CA1350Z7BL78 | 35,100,000 | CAD | 0.01 | 11/09/2023 | 34,374,055 | - | Cash and Cash Equivalents |
| 3.31% | FEDERATION DES CAISSES DESJARDINS DU QUEBEC 3.06% 11Sep2023 | CA31430WAD61 | 29,127,000 | CAD | 3.06 | 09/11/2023 | 29,158,654 | - | Fixed Income |
| 3.30% | VW CREDIT CANADA INC 1.2% 25Sep2023 | CA918423AX21 | 29,387,000 | CAD | 1.20 | 09/25/2023 | 29,062,278 | - | Fixed Income |
| 3.17% | IVANHOE CAMBRIDGE II INC 2.91% 27Jun2023 | CA46578WAA23 | 27,631,000 | CAD | 2.91 | 06/27/2023 | 27,929,533 | - | Fixed Income |
| 3.01% | SUN LIFE FINANCIAL INC 3.05% 19Sep2028 | CA86682ZAJ53 | 26,557,000 | CAD | 3.05 | 09/19/2028 | 26,515,662 | - | Fixed Income |
| 2.91% | CANADIAN PACIFIC RAILWAY CO 1.59% 24Nov2023 | CA13645RBB92 | 26,055,000 | CAD | 1.59 | 11/24/2023 | 25,604,805 | - | Fixed Income |
| 2.90% | CENTRAL 1 CREDIT UNION 2.58% 06Dec2023 | CA154728AQ24 | 25,633,000 | CAD | 2.58 | 12/06/2023 | 25,559,242 | - | Fixed Income |
| 2.82% | DAIMLER CANADA FINANCE INC 2.54% 21Aug2023 | CA23384NBP11 | 24,841,000 | CAD | 2.54 | 08/21/2023 | 24,872,959 | - | Fixed Income |
| 2.51% | CANADIAN IMPERIAL BANK OF COMMERCE 2.97% 11Jul2023 | CA13596Z4B88 | 21,868,500 | CAD | 2.97 | 07/11/2023 | 22,073,812 | - | Fixed Income |
| 2.47% | CANADIAN IMPERIAL BANK OF COMMERCE 2.43% 09Jun2023 | CA13607GKV54 | 21,504,000 | CAD | 2.43 | 06/09/2023 | 21,740,046 | - | Fixed Income |
| 2.26% | BANK OF MONTREAL 2.85% 06Mar2024 | CA06368B2H05 | 20,166,500 | CAD | 2.85 | 03/06/2024 | 19,912,488 | - | Fixed Income |
| 2.24% | PEMBINA PIPELINE CORP 2.56% 01Jun2023 | CA70632ZAP68 | 19,449,000 | CAD | 2.56 | 06/01/2023 | 19,697,146 | - | Fixed Income |
| 2.20% | TORONTO-DOMINION BANK/THE 2.85% 08Mar2024 | CA89117FMA44 | 19,661,500 | CAD | 2.85 | 03/08/2024 | 19,411,773 | - | Fixed Income |
| 1.87% | NORTH WEST REDWATER PARTNERSHIP / NWR FINANCING CO LTD 1.2% 01Dec2023 | CA663307AN67 | 16,739,500 | CAD | 1.20 | 12/01/2023 | 16,505,001 | - | Fixed Income |
| 1.64% | BANK OF MONTREAL 2.89% 20Jun2023 | CA06368BJ907 | 14,243,000 | CAD | 2.89 | 06/20/2023 | 14,411,482 | - | Fixed Income |
| 1.59% | BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE 2.7% 27Feb2024 | CA07813ZBW38 | 14,185,000 | CAD | 2.70 | 02/27/2024 | 14,013,610 | - | Fixed Income |
| 1.45% | FORTIFIED TRUST 2.56% 23Mar2024 | CA34960VAK40 | 12,989,500 | CAD | 2.56 | 03/23/2024 | 12,744,731 | - | Fixed Income |
| 1.41% | NATIONAL BANK OF CANADA 2.98% 04Mar2024 | CA63306AFX96 | 12,536,000 | CAD | 2.98 | 03/04/2024 | 12,396,535 | - | Fixed Income |
| 1.20% | INTER PIPELINE LTD/AB 2.61% 13Sep2023 | CA45834ZAN92 | 10,550,000 | CAD | 2.61 | 09/13/2023 | 10,525,257 | - | Fixed Income |
| 1.14% | GLACIER CREDIT CARD TRUST 3.14% 20Sep2023 | CA37638ZBL72 | 10,070,000 | CAD | 3.14 | 09/20/2023 | 10,066,334 | - | Fixed Income |
| 1.00% | TOYOTA CREDIT CANADA INC 3.04% 12Jul2023 | CA892329BG72 | 8,734,000 | CAD | 3.04 | 07/12/2023 | 8,817,030 | - | Fixed Income |
| 0.97% | CONCENTRA BANK 1.46% 17May2024 | CA20601GAC92 | 8,963,000 | CAD | 1.46 | 05/17/2024 | 8,558,953 | - | Fixed Income |
| 0.97% | INTER PIPELINE LTD/AB 2.73% 18Apr2024 | CA45834ZAQ24 | 8,725,000 | CAD | 2.73 | 04/18/2024 | 8,532,869 | - | Fixed Income |
| 0.87% | PACCAR FINANCIAL LTD/CANADA .99% 14May2024 | CA69371JAB04 | 8,026,000 | CAD | 0.99 | 05/14/2024 | 7,703,323 | - | Fixed Income |
| 0.86% | HYDRO ONE INC 2.54% 05Apr2024 | CA44810ZBY57 | 7,721,000 | CAD | 2.54 | 04/05/2024 | 7,579,845 | - | Fixed Income |
| 0.76% | ROYAL BANK OF CANADA 2.33% 05Dec2023 | CA780086NK64 | 6,666,000 | CAD | 2.33 | 12/05/2023 | 6,649,972 | - | Fixed Income |
| 0.72% | CANADIAN NATURAL RESOURCES LTD 1.45% 16Nov2023 | CA13638ZDW29 | 6,411,000 | CAD | 1.45 | 11/16/2023 | 6,305,772 | - | Fixed Income |
| 0.68% | EQUITABLE BANK 1.77% 21Sep2023 | CA29446NAF74 | 6,042,000 | CAD | 1.77 | 09/21/2023 | 5,985,518 | - | Fixed Income |
| 0.63% | JOHN DEERE FINANCIAL INC 2.46% 04Apr2024 | CA47788ZAC55 | 5,608,000 | CAD | 2.46 | 04/04/2024 | 5,504,691 | - | Fixed Income |
| 0.62% | EAGLE CREDIT CARD TRUST 3.04% 17Jul2023 | CA26948ZAS17 | 5,379,000 | CAD | 3.04 | 07/17/2023 | 5,425,146 | - | Fixed Income |
| 0.61% | DAIMLER TRUCK FINANCE CANADA INC 1.85% 15Dec2023 | CA233852AC61 | 5,400,000 | CAD | 1.85 | 12/15/2023 | 5,344,821 | - | Fixed Income |
| 0.58% | JOHN DEERE CANADA FUNDING INC 3.02% 13Jul2023 | CA47787ZBX92 | 5,100,000 | CAD | 3.02 | 07/13/2023 | 5,147,261 | - | Fixed Income |
| 0.58% | TOYOTA CREDIT CANADA INC 2.64% 27Mar2024 | CA892329BJ12 | 5,153,000 | CAD | 2.64 | 03/27/2024 | 5,069,440 | - | Fixed Income |
| 0.57% | RIOCAN REAL ESTATE INVESTMENT TRUST 3.21% 29Sep2023 | CA766910BD43 | 5,013,000 | CAD | 3.21 | 09/29/2023 | 5,001,757 | - | Fixed Income |
| 0.57% | EQUITABLE BANK 2.75% 04Dec2023 | CA29446NAL43 | 5,005,000 | CAD | 2.75 | 12/04/2023 | 4,983,728 | - | Fixed Income |
| 0.55% | BMW CANADA INC 2.41% 27Nov2023 | CA05590HAY32 | 4,928,000 | CAD | 2.41 | 11/27/2023 | 4,865,066 | - | Fixed Income |
| 0.48% | OMERS REALTY CORP 2.86% 23Feb2024 | CA68214WAN89 | 4,228,100 | CAD | 2.86 | 02/23/2024 | 4,187,928 | - | Fixed Income |
| 0.45% | EQUITABLE BANK 1.98% 09May2024 | CA29446NAJ96 | 4,118,000 | CAD | 1.98 | 05/09/2024 | 3,959,553 | - | Fixed Income |
| 0.45% | ENBRIDGE INC 3.94% 30Jun2023 | CA29251ZBD83 | 3,862,000 | CAD | 3.94 | 06/30/2023 | 3,921,628 | - | Fixed Income |
| 0.44% | TORONTO-DOMINION BANK/THE 3.01% 30May2023 | CA89117FFK09 | 3,883,000 | CAD | 3.01 | 05/30/2023 | 3,883,198 | - | Fixed Income |
| 0.44% | INTACT FINANCIAL CORP 1.21% 21May2024 | CA45823TAG19 | 4,034,000 | CAD | 1.21 | 05/21/2024 | 3,875,923 | - | Fixed Income |
| 0.44% | CANADIAN TIRE CORP LTD 3.17% 06Jul2023 | CA13668ZAX65 | 3,790,000 | CAD | 3.17 | 07/06/2023 | 3,830,700 | - | Fixed Income |
| 0.39% | NISSAN CANADA INC 1.63% 18Mar2024 | CA65479EAC80 | 3,563,000 | CAD | 1.63 | 03/18/2024 | 3,438,601 | - | Fixed Income |
| 0.34% | CANADIAN IMPERIAL BANK OF COMMERCE 3.29% 15Jan2024 | CA1360695D97 | 3,000,000 | CAD | 3.29 | 01/15/2024 | 3,002,725 | - | Fixed Income |
| 0.33% | SAPUTO INC 2.83% 21Nov2023 | CA80310ZAC38 | 2,958,000 | CAD | 2.83 | 11/21/2023 | 2,926,055 | - | Fixed Income |
| 0.33% | PEMBINA PIPELINE CORP 2.99% 22Jan2024 | CA70632ZAH43 | 2,916,400 | CAD | 2.99 | 01/22/2024 | 2,900,595 | - | Fixed Income |
| 0.33% | NAV CANADA .56% 09Feb2024 | CA628957AK82 | 2,974,000 | CAD | 0.56 | 02/09/2024 | 2,885,162 | - | Fixed Income |
| 0.32% | DAIMLER CANADA FINANCE INC 2.97% 13Mar2024 | CA23384NBL07 | 2,860,000 | CAD | 2.97 | 03/13/2024 | 2,824,003 | - | Fixed Income |
| 0.28% | ALTAGAS LTD 1.23% 18Mar2024 | CA02138ZAY93 | 2,517,000 | CAD | 1.23 | 03/18/2024 | 2,438,643 | - | Fixed Income |
| 0.19% | LAURENTIAN BANK OF CANADA 3.45% 27Jun2023 | CA51925DBT24 | 1,659,000 | CAD | 3.45 | 06/27/2023 | 1,681,024 | - | Fixed Income |
| 0.10% | BCI QUADREAL REALTY 1.06% 12Mar2024 | CA05554PAD56 | 898,000 | CAD | 1.06 | 03/12/2024 | 870,561 | - | Fixed Income |
| 0.08% | RIOCAN REAL ESTATE INVESTMENT TRUST 3.29% 12Feb2024 | CA766910AZ63 | 671,000 | CAD | 3.29 | 02/12/2024 | 666,065 | - | Fixed Income |
| -0.07% | CASH | - | 1 | CAD | - | - | -583,869 | - | Cash and Cash Equivalents |
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Holdings Breakdown
Sector Allocation
has a donut chart divided into 8 ranges. Ranges are: 46.92%, Financial.18.74%, Tbill.10.48%, Real Estate.8.34%, Energy.7.11%, Infrastructure.4.31%, Industrial.2.68%, Securitization.1.42%, Communication.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, Canada.
Maturity
has a donut chart divided into 1 range. The range is: 100%, 0-1 Years.
Credit Allocation
has a donut chart divided into 4 ranges. Ranges are: 20.69%, AAA.24.37%, AA.31.59%, A.23.35%, BBB.
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.