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Overview

Fund Profile

Key Facts

Fund Ticker ZST
Net Assets (Mn)
(Sep 18, 2020)
$ 799.06
Base Currency CAD
Closing Market Price $ 50.72
12-Month Low/High (Market Price) $ 50.28 / $ 51.04
Closing NAV Price
(Sep 18, 2020)
$ 50.6986
12-Month Low/High (Price (NAV)) $ 50.4915 / $ 51.0254
Weighted Average Term (Years) 0.44
Weighted Average Coupon (%) 2.75%
Annualized Distribution Yield
(Sep 11, 2020)

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

2.60%
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.

0.61%
Weighted Average Duration (Years) 0.43
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 52,936
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 15,761
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, 2020)
$ 799.06
Market Price $ 50.72
12-Month Low/High (Market Price) $ 50.28 / $ 51.04
Price (NAV) $ 50.6986
12-Month Low/High (Price (NAV)) $ 50.4915 / $ 51.0254
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2020)
1 Day Change 1 Day % Change
Market Price $ 50.72 $ 0.01 0.02%
Price (NAV) $ 50.6986 $ 0.0052 0.01%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.15% 2.35% 2.14% 1.89% - 1.85%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 1.51% 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: Aug 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.51% 0.11% 0.69% 1.05% 2.15% 4.76% 6.56% 9.82% - 19.19%
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 0.120000 0.000000 0.120000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.110000 0.000000 0.110000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.110000 0.000000 0.110000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.110000 0.000000 0.110000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.110000 0.000000 0.110000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.110000 0.000000 0.110000
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 - - -
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, 2020

Fixed Income

98.52%

Cash and Cash Equivalents

1.48%

Number of Holdings

76

Total Net Assets

$ 799,060,162.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
8.50% ROYAL BANK OF CANADA 3.31% 20Jan2026 CA780086LZ51 108,355,500 CAD 3.31 01/20/2026 109,958,697 - Fixed Income
6.92% MANUFACTURERS LIFE INSURANCE CO/THE 2.39% 05Jan2026 CA564835AK20 88,636,000 CAD 2.39 01/05/2026 89,546,909 - Fixed Income
6.59% CANADIAN IMPERIAL BANK OF COMMERCE 3.42% 26Jan2026 CA136069LY58 83,914,000 CAD 3.42 01/26/2026 85,185,271 - Fixed Income
5.63% BANK OF NOVA SCOTIA/THE 3.37% 08Dec2025 CA064151GC13 71,697,000 CAD 3.37 12/08/2025 72,829,193 - Fixed Income
5.11% DAIMLER CANADA FINANCE INC 1.91% 08Jul2021 CA23384NAV97 65,263,100 CAD 1.91 07/08/2021 66,156,711 - Fixed Income
4.66% SUN LIFE FINANCIAL INC 3.1% 19Feb2026 CA86682ZAH97 59,481,000 CAD 3.10 02/19/2026 60,258,243 - Fixed Income
3.80% TORONTO-DOMINION BANK/THE 2.98% 30Sep2025 CA8911455X88 48,414,000 CAD 2.98 09/30/2025 49,136,305 - Fixed Income
3.32% WELLS FARGO CANADA CORP 3.04% 29Jan2021 CA94975ZBU99 42,337,000 CAD 3.04 01/29/2021 42,917,527 - Fixed Income
3.01% HSBC BANK CANADA 2.45% 29Jan2021 CA40427HSY04 38,568,000 CAD 2.45 01/29/2021 38,994,090 - Fixed Income
2.74% SUN LIFE FINANCIAL INC 2.6% 25Sep2025 CA86682ZAG15 35,036,800 CAD 2.60 09/25/2025 35,493,467 - Fixed Income
2.72% BMW CANADA INC 2.8% 28Jan2021 CA05590HAW75 34,731,000 CAD 2.80 01/28/2021 35,168,826 - Fixed Income
2.54% DOLLARAMA INC 2.34% 22Jul2021 CA25675TAD96 32,252,000 CAD 2.34 07/22/2021 32,856,363 - Fixed Income
2.34% BANK OF MONTREAL 3.32% 01Jun2026 CA06369ZCC64 29,382,000 CAD 3.32 06/01/2026 30,218,362 - Fixed Income
2.29% BRUCE POWER LP 2.84% 23Jun2021 CA116705AA28 28,944,300 CAD 2.84 06/23/2021 29,631,900 - Fixed Income
2.05% TORONTO-DOMINION BANK/THE 1.68% 08Jun2021 CA891160KV43 26,155,000 CAD 1.68 06/08/2021 26,539,043 - Fixed Income
1.91% NISSAN CANADA INC 2.42% 19Oct2020 CA65478FAD48 24,405,000 CAD 2.42 10/19/2020 24,667,394 - Fixed Income
1.88% BMW CANADA INC 2.57% 06Aug2021 CA05590HAV92 23,829,000 CAD 2.57 08/06/2021 24,319,448 - Fixed Income
1.86% LEISUREWORLD SENIOR CARE LP 3.47% 03Feb2021 CA52541RAC12 23,690,000 CAD 3.47 02/03/2021 24,009,186 - Fixed Income
1.67% BANK OF NOVA SCOTIA/THE 2.87% 04Jun2021 CA0641494K04 20,987,000 CAD 2.87 06/04/2021 21,543,021 - Fixed Income
1.64% BANK OF MONTREAL 3.4% 23Apr2021 CA06367VJN60 20,589,900 CAD 3.40 04/23/2021 21,254,377 - Fixed Income
1.50% ENBRIDGE INC 3.16% 11Mar2021 CA29251ZBF32 19,240,500 CAD 3.16 03/11/2021 19,450,928 - Fixed Income
1.49% BMW CANADA INC 1.78% 19Oct2020 CA05590HAR80 19,135,000 CAD 1.78 10/19/2020 19,300,566 - Fixed Income
1.33% BANK OF MONTREAL 3.34% 08Dec2025 CA06369ZBT09 16,877,000 CAD 3.34 12/08/2025 17,141,359 - Fixed Income
1.33% CI FINANCIAL CORP 2.65% 07Dec2020 CA125491AD24 17,026,000 CAD 2.65 12/07/2020 17,218,265 - Fixed Income
1.26% GLACIER CREDIT CARD TRUST 2.24% 20Sep2020 CA37638ZBG87 16,334,000 CAD 2.24 09/20/2020 16,333,998 - Fixed Income
1.20% CANADIAN IMPERIAL BANK OF COMMERCE 1.9% 26Apr2021 CA13596ZBC82 15,312,000 CAD 1.90 04/26/2021 15,577,191 - Fixed Income
1.04% CANADA T BILL 12Nov2020 CA1350Z76A79 13,450,000 CAD 0.01 11/12/2020 13,447,264 - Cash and Cash Equivalents
1.02% RIOCAN REAL ESTATE INVESTMENT TRUST 2.19% 09Apr2021 CA766910BC69 12,965,000 CAD 2.19 04/09/2021 13,158,686 - Fixed Income
1.00% NATIONAL BANK OF CANADA 1.81% 26Jul2021 CA633067W902 12,693,000 CAD 1.81 07/26/2021 12,887,775 - Fixed Income
0.99% SMARTCENTRES REAL ESTATE INVESTMENT TRUST 2.76% 23Jun2021 CA83179XAJ78 12,546,000 CAD 2.76 06/23/2021 12,766,711 - Fixed Income
0.98% CARDS II TRUST 2.16% 15Oct2020 CA14161ZCE66 12,547,000 CAD 2.16 10/15/2020 12,680,317 - Fixed Income
0.93% BMW CANADA INC 1.83% 15Jun2021 CA05590HAQ08 11,815,000 CAD 1.83 06/15/2021 11,983,439 - Fixed Income
0.85% CANADIAN IMPERIAL BANK OF COMMERCE 2.9% 14Sep2021 CA136069V324 10,709,500 CAD 2.90 09/14/2021 10,979,468 - Fixed Income
0.81% FORTIFIED TRUST 2.16% 23Oct2020 CA34960VAG38 10,416,000 CAD 2.16 10/23/2020 10,526,250 - Fixed Income
0.81% ARTIS REAL ESTATE INVESTMENT TRUST 3.67% 22Feb2021 CA04315LAK13 10,362,000 CAD 3.67 02/22/2021 10,453,601 - Fixed Income
0.78% CANADIAN WESTERN BANK 2.79% 13Sep2021 CA136765AW43 9,857,000 CAD 2.79 09/13/2021 10,038,766 - Fixed Income
0.71% FORTIFIED TRUST 1.67% 23Jul2021 CA34960VAA67 9,117,000 CAD 1.67 07/23/2021 9,231,320 - Fixed Income
0.71% MANULIFE BANK OF CANADA 1.92% 01Sep2021 CA565018CW61 9,068,000 CAD 1.92 09/01/2021 9,198,460 - Fixed Income
0.65% NISSAN CANADA INC 2.61% 05Mar2021 CA65478FAE21 8,444,000 CAD 2.61 03/05/2021 8,471,702 - Fixed Income
0.64% NISSAN CANADA FINANCIAL SERVICES INC 3.15% 14Sep2021 CA65478FAF95 8,228,000 CAD 3.15 09/14/2021 8,306,339 - Fixed Income
0.63% LAURENTIAN BANK OF CANADA 2.75% 22Apr2021 CA51925DBH85 8,011,000 CAD 2.75 04/22/2021 8,190,877 - Fixed Income
0.60% JOHN DEERE FINANCIAL INC 3.07% 23Jul2021 CA47788ZAA99 7,619,000 CAD 3.07 07/23/2021 7,820,973 - Fixed Income
0.57% HONDA CANADA FINANCE INC 2.16% 18Feb2021 CA438121AG00 7,365,000 CAD 2.16 02/18/2021 7,430,375 - Fixed Income
0.49% CATERPILLAR FINANCIAL SERVICES LTD 2.8% 08Jun2021 CA14911ZAU53 6,150,000 CAD 2.80 06/08/2021 6,301,614 - Fixed Income
0.46% TOYOTA CREDIT CANADA INC 2.2% 25Feb2021 CA892329AV58 5,850,250 CAD 2.20 02/25/2021 5,906,021 - Fixed Income
0.45% GENERAL MOTORS FINANCIAL OF CANADA LTD 3% 26Feb2021 CA37045YAD63 5,735,000 CAD 3.00 02/26/2021 5,789,307 - Fixed Income
0.45% RELIANCE LP 4.08% 02Aug2021 CA759480AG12 5,700,000 CAD 4.08 08/02/2021 5,866,720 - Fixed Income
0.40% CANADIAN NATIONAL RAILWAY CO 2.75% 18Feb2021 CA136375CA80 5,147,000 CAD 2.75 02/18/2021 5,198,061 - Fixed Income
0.39% SAPUTO INC 2.2% 23Jun2021 CA80310ZAB54 4,944,000 CAD 2.20 06/23/2021 5,030,131 - Fixed Income
0.38% DAIMLER CANADA FINANCE INC 2.3% 23Nov2020 CA23384NBD80 4,835,000 CAD 2.30 11/23/2020 4,886,626 - Fixed Income
0.38% EQUITABLE BANK 3.2% 16Apr2021 CA29446NAD27 4,804,000 CAD 3.20 04/16/2021 4,931,488 - Fixed Income
0.37% GRANITE REIT HOLDINGS LP 3.79% 05Jul2021 CA387427AB39 4,698,000 CAD 3.79 07/05/2021 4,830,070 - Fixed Income
0.32% CANADIAN WESTERN BANK 2.88% 01Mar2021 CA136765AZ73 4,103,000 CAD 2.88 03/01/2021 4,148,182 - Fixed Income
0.25% TOYOTA CREDIT CANADA INC 1.75% 21Jul2021 CA892329AW32 3,211,000 CAD 1.75 07/21/2021 3,255,838 - Fixed Income
0.23% ROYAL BANK OF CANADA 1.58% 13Sep2021 CA780086MZ43 2,925,000 CAD 1.58 09/13/2021 2,960,322 - Fixed Income
0.20% LOWER MATTAGAMI ENERGY LP 4.33% 18May2021 CA548243AA21 2,476,000 CAD 4.33 05/18/2021 2,573,556 - Fixed Income
0.18% ENBRIDGE GAS INC 2.76% 02Jun2021 CA90664ZAC47 2,260,000 CAD 2.76 06/02/2021 2,309,423 - Fixed Income
0.17% BANK OF MONTREAL 2.1% 06Oct2020 CA06367XKF73 2,236,000 CAD 2.10 10/06/2020 2,259,384 - Fixed Income
0.16% ALGONQUIN POWER CO 4.82% 15Feb2021 CA01585PAC91 2,002,000 CAD 4.82 02/15/2021 2,042,752 - Fixed Income
0.15% ENBRIDGE INC 4.26% 01Feb2021 CA29251ZAX56 1,860,000 CAD 4.26 02/01/2021 1,895,510 - Fixed Income
0.14% BMW CANADA INC 1.88% 11Dec2020 CA05590HAT47 1,782,000 CAD 1.88 12/11/2020 1,797,376 - Fixed Income
0.13% BCIMC REALTY CORP 2.1% 03Jun2021 CA07329VAQ38 1,625,000 CAD 2.10 06/03/2021 1,653,351 - Fixed Income
0.13% FIFTH AVENUE LP 4.71% 05Aug2021 CA316701AA93 1,631,230 CAD 4.71 08/05/2021 1,636,333 - Fixed Income
0.11% CT REAL ESTATE INVESTMENT TRUST 2.16% 01Jun2021 CA126462AC44 1,425,000 CAD 2.16 06/01/2021 1,443,720 - Fixed Income
0.10% ENBRIDGE GAS INC 4.04% 23Nov2020 CA29290ZAJ99 1,288,000 CAD 4.04 11/23/2020 1,312,949 - Fixed Income
0.10% BANK OF NOVA SCOTIA/THE 3.27% 11Jan2021 CA0641492L05 1,280,000 CAD 3.27 01/11/2021 1,299,961 - Fixed Income
0.08% CADILLAC FAIRVIEW FINANCE TRUST 4.31% 25Jan2021 CA12741RAB56 1,029,000 CAD 4.31 01/25/2021 1,049,954 - Fixed Income
0.08% FIRST CAPITAL REAL ESTATE INVESTMENT TRUST 4.5% 01Mar2021 CA31943BBN97 1,000,000 CAD 4.50 03/01/2021 1,014,017 - Fixed Income
0.07% MORGUARD CORP 4.01% 18Nov2020 CA617577AB78 830,000 CAD 4.01 11/18/2020 842,628 - Fixed Income
0.07% TORONTO-DOMINION BANK/THE 2.05% 08Mar2021 CA8911457U22 880,000 CAD 2.05 03/08/2021 887,883 - Fixed Income
0.04% BOW CENTRE STREET LP 3.69% 14Jun2021 CA156327AA63 465,000 CAD 3.69 06/14/2021 470,740 - Fixed Income
0.03% JOHN DEERE CANADA FUNDING INC 1.85% 24Mar2021 CA47787ZBS08 350,000 CAD 1.85 03/24/2021 355,776 - Fixed Income
0.02% ROYAL BANK OF CANADA 2.86% 04Mar2021 CA780086GV03 309,000 CAD 2.86 03/04/2021 313,052 - Fixed Income
0.01% CANADIAN IMPERIAL BANK OF COMMERCE 1.64% 12Jul2021 CA13596ZDN20 125,000 CAD 1.64 07/12/2021 126,719 - Fixed Income
0.00% ROYAL BANK OF CANADA 2.03% 15Mar2021 CA780086MH45 50,000 CAD 2.03 03/15/2021 50,443 - Fixed Income
0.44% CASH - 1 CAD - - 5,753,550 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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