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Overview

Fund Profile

Key Facts

Fund Ticker ZFS.L
Net Assets (Mn)
(Jan 18, 2019)
$ 20.15
Base Currency CAD
Closing Market Price $ 20.14
12-Month Low/High (Market Price) $ 19.76 / $ 20.14
Closing NAV Price
(Jan 18, 2019)
$ 20.1510
12-Month Low/High (Price (NAV)) $ 19.7451 / $ 20.2239
Weighted Average Term (Years) 2.66
Weighted Average Coupon (%) 1.86%
Annualized Distribution Yield
(Jan 11, 2019)

Annualized Distribution Yield: The most recent regular distribution (excluding year end distributions for those ETFs that distribute more frequently) annualized for frequency divided by current NAV.

0.00%
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.

1.97%
Weighted Average Duration (Years) 2.56
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.21%
Market Volume 444
Distribution Frequency Annually
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 1,000
Index FTSE Canada Short Term Federal Bond Index
Exchange TSX
CUSIP 096911300
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO Short Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Federal Bond IndexTM, net of expenses. The Fund invests in a variety of debt securities primarily with a term to maturity between one and five years. Securities held in the Index are generally issued or guaranteed by the Government of Canada, by various agencies of the Government of Canada, and by various instrumentalities that have been established or sponsored by the Government of Canada. The ETF does not pay cash distributions, it will provide an annual reinvested and consolidated distribution.

Benchmark Info

The FTSE Canada Short Term Federal Bond IndexTMconsists of semi-annual pay fixed rate bonds denominated in Canadian dollars, with an effective term to maturity less than five years and greater than one year, a credit rating of AAA and minimum size requirement of $50 million per issue or $100 million for issues after January 2019. The federal sector consists of bonds issued by the Government of Canada (including both non-agency, agency/crown corporations) and supranational entities. Each security in the index is weighted by its relative market capitalization and re-balanced on a daily basis.

Fund Benefits

  • Designed for investors looking for accumulating defensive income
  • Invested in a diversified portfolio of federal bonds
  • Includes bonds with one to five years 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)
(Jan 18, 2019)
$ 20.15
Market Price $ 20.14
12-Month Low/High (Market Price) $ 19.76 / $ 20.14
Price (NAV) $ 20.1510
12-Month Low/High (Price (NAV)) $ 19.7451 / $ 20.2239
Distribution Frequency Annually

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 20.14 $ 0.28 1.41%
Price (NAV) $ 20.1510 $ -0.0169 -0.08%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Dec 31, 2018

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.71% - - - - 0.37%
Index 1.94% - - - - -11.15%
Calendar Performance

Calendar Year Performance (%) for period ending: Dec 31, 2018

YTD 2017
NAV 1.71% -0.99%
Index 1.94% -21.56%
Cumulative Performance

Cumulative Performance (%) for period ending: Dec 31, 2018

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.71% 0.91% 1.50% 1.30% 1.71% - - - - 0.71%
Index 1.94% 0.94% 1.56% 1.42% 1.94% - - - - -20.04%

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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
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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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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Holdings & Allocations

Daily Holdings

As of Jan 18, 2019

Fixed Income

100.05%

Cash and Cash Equivalents

-0.05%

Number of Holdings

37

Total Net Assets

$ 20,151,030.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
5.89% CANADIAN GOVERNMENT BONDS 03/21 0.75 CA135087F254 60,805,000 CAD 0.75 03/01/2021 59,501,953 Government Fixed Income
5.84% CANADIAN GOVERNMENT BONDS 09/21 0.75 CA135087F585 60,625,000 CAD 0.75 09/01/2021 58,985,488 Government Fixed Income
5.79% CANADIAN GOVERNMENT BONDS 03/20 1.5 CA135087D929 58,405,000 CAD 1.50 03/01/2020 58,487,333 Government Fixed Income
5.39% CANADIAN GOVERNMENT BONDS 06/20 3.5 CA135087YZ11 53,105,000 CAD 3.50 06/01/2020 54,489,579 Government Fixed Income
5.11% CANADIAN GOVERNMENT BONDS 06/21 3.25 CA135087ZJ69 49,900,000 CAD 3.25 06/01/2021 51,635,649 Government Fixed Income
4.69% CANADIAN GOVERNMENT BONDS 09/20 0.75 CA135087E596 48,130,000 CAD 0.75 09/01/2020 47,380,373 Government Fixed Income
4.35% CANADA HOUSING TRUST GOVT GUARANT 144A 12/22 2.4 CA13509PDL46 43,655,000 CAD 2.40 12/15/2022 44,009,196 Government Fixed Income
3.68% CANADIAN GOVERNMENT SR UNSECURED 02/20 1.25 CA135087H565 37,220,000 CAD 1.25 02/01/2020 37,195,114 Government Fixed Income
3.56% CANADIAN GOVERNMENT BONDS 09/22 1 CA135087G732 37,054,500 CAD 1.00 09/01/2022 35,972,280 Government Fixed Income
3.54% CANADIAN GOVERNMENT BONDS 03/22 0.5 CA135087G328 37,320,000 CAD 0.50 03/01/2022 35,772,392 Government Fixed Income
3.49% CANADIAN GOVERNMENT BONDS 05/20 1.75 CA135087H805 35,250,000 CAD 1.75 05/01/2020 35,316,743 Government Fixed Income
3.40% CANADIAN GOVERNMENT SR UNSECURED 03/23 1.75 CA135087H490 34,370,000 CAD 1.75 03/01/2023 34,318,537 Government Fixed Income
3.27% CANADIAN GOVERNMENT BONDS 09/23 2 CA135087H987 32,765,000 CAD 2.00 09/01/2023 33,080,822 Government Fixed Income
3.03% CANADIAN GOVERNMENT BONDS 06/23 1.5 CA135087A610 31,205,000 CAD 1.50 06/01/2023 30,671,924 Government Fixed Income
2.94% CANADA HOUSING TRUST GOVT GUARANT 144A 06/22 1.75 CA13509PFY49 30,070,000 CAD 1.75 06/15/2022 29,687,872 Government Fixed Income
2.86% CANADA HOUSING TRUST GOVT GUARANT 144A 06/23 2.35 CA13509PGM91 28,750,000 CAD 2.35 06/15/2023 28,886,628 Government Fixed Income
2.83% CANADIAN GOVERNMENT BONDS 06/22 2.75 CA135087ZU15 27,740,000 CAD 2.75 06/01/2022 28,571,174 Government Fixed Income
2.50% CANADA HOUSING TRUST GOVT GUARANT 144A 12/20 1.25 CA13509PFC29 25,610,000 CAD 1.25 12/15/2020 25,265,967 Government Fixed Income
2.45% CANADA HOUSING TRUST GOVT GUARANT 144A 12/21 1.15 CA13509PFR97 25,415,000 CAD 1.15 12/15/2021 24,741,508 Government Fixed Income
2.35% CANADA HOUSING TRUST GOVT GUARANT 144A 06/21 1.25 CA13509PFJ71 24,230,000 CAD 1.25 06/15/2021 23,786,596 Government Fixed Income
2.35% CANADA HOUSING TRUST GOVT GUARANT 144A 12/21 1.5 CA13509PFV00 24,100,000 CAD 1.50 12/15/2021 23,705,866 Government Fixed Income
2.34% CANADA HOUSING TRUST GOVT GUARANT 144A 06/20 1.45 CA13509PEZ23 23,755,000 CAD 1.45 06/15/2020 23,609,269 Government Fixed Income
2.11% CANADA HOUSING TRUST GOVT GUARANT 144A 06/20 1.2 CA13509PEV19 21,590,000 CAD 1.20 06/15/2020 21,378,196 Government Fixed Income
2.01% CANADA HOUSING TRUST GOVT GUARANT 144A 12/23 2.55 CA13509PGU18 20,065,000 CAD 2.55 12/15/2023 20,316,958 Government Fixed Income
2.00% CANADA HOUSING TRUST GOVT GUARANT 144A 03/22 2.65 CA13509PDB63 19,715,000 CAD 2.65 03/15/2022 20,189,015 Government Fixed Income
1.72% CANADIAN GOVERNMENT BONDS 08/20 1.75 CA135087J215 17,260,000 CAD 1.75 08/01/2020 17,357,875 Government Fixed Income
1.66% CANADA HOUSING TRUST GOVT GUARANT 144A 12/20 3.35 CA13509PCL54 16,280,000 CAD 3.35 12/15/2020 16,730,054 Government Fixed Income
1.63% CANADA HOUSING TRUST GOVT GUARANT 144A 09/23 3.15 CA13509PDY66 15,734,000 CAD 3.15 09/15/2023 16,486,730 Government Fixed Income
1.59% CANADA HOUSING TRUST GOVT GUARANT 144A 03/20 3.75 CA13509PCA99 15,550,000 CAD 3.75 03/15/2020 16,066,869 Government Fixed Income
1.52% CANADA HOUSING TRUST GOVT GUARANT 144A 06/21 3.8 CA13509PCS08 14,700,000 CAD 3.80 06/15/2021 15,342,179 Government Fixed Income
1.47% CANADA HOUSING TRUST GOVT GUARANT 144A 09/23 2.35 CA13509PDV28 14,704,000 CAD 2.35 09/15/2023 14,851,210 Government Fixed Income
1.15% CANADIAN GOVERNMENT BONDS 11/20 2 CA135087J470 11,540,000 CAD 2.00 11/01/2020 11,604,148 Government Fixed Income
0.48% CANADIAN GOVERNMENT BONDS 06/23 8 CA135087UT96 3,855,000 CAD 8.00 06/01/2023 4,865,130 Government Fixed Income
0.45% CANADIAN GOVERNMENT BONDS 02/21 2.25 CA135087J629 4,500,000 CAD 2.25 02/01/2021 4,548,217 - Fixed Income
0.42% PSP CAPITAL INC COMPANY GUAR REGS 06/22 1.73 CA69363TAL67 4,290,000 CAD 1.73 06/21/2022 4,210,477 Financial Fixed Income
0.24% PSP CAPITAL INC COMPANY GUAR 11/23 2.09 CA69363TAK84 2,420,000 CAD 2.09 11/22/2023 2,384,210 Financial Fixed Income
-0.05% CASH - 1 CAD - - -552,641 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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