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Overview

Fund Profile

Key Facts

Fund Ticker ZFS
Net Assets (Mn)
(Mar 22, 2019)
$ 1,018.99
Base Currency CAD
Closing Market Price $ 14.33
12-Month Low/High (Market Price) $ 13.97 / $ 14.33
Closing NAV Price
(Mar 22, 2019)
$ 14.3253
12-Month Low/High (Price (NAV)) $ 13.9900 / $ 14.3253
Weighted Average Term (Years) 2.8
Weighted Average Coupon (%) 1.88%
Annualized Distribution Yield
(Mar 15, 2019)

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

1.85%
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.

1.70%
Weighted Average Duration (Years) 2.70
Maximum Annual Management Fee 0.20%
Management Expense Ratio 0.23%
Market Volume 33,648
Distribution Frequency Monthly
Options Available No
Inception Date Oct 20, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 71,133
Index FTSE Canada Short Term Federal Bond Index
Exchange TSX
CUSIP 096911102
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.

Benchmark Info

The FTSE Canada Short Term Federal Bond IndexTM consists 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 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)
(Mar 22, 2019)
$ 1,018.99
Market Price $ 14.33
12-Month Low/High (Market Price) $ 13.97 / $ 14.33
Price (NAV) $ 14.3253
12-Month Low/High (Price (NAV)) $ 13.9900 / $ 14.3253
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 14.33 $ 0.03 0.21%
Price (NAV) $ 14.3253 $ 0.0256 0.18%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.30% 0.59% 0.40% 1.04% - 1.66%
Index 2.51% 0.80% 0.60% 1.23% - 1.84%
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2019

YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010
NAV 0.56% 1.72% -0.79% -0.05% 2.23% 2.36% 1.10% 0.85% 4.39% 2.95%
Index 0.59% 1.94% -0.60% 0.13% 2.42% 2.51% 1.29% 1.06% 4.50% 3.19%
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 28, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.56% 0.09% 1.48% 1.80% 2.30% 1.19% 1.20% 5.29% - 16.63%
Index 0.59% 0.11% 1.54% 1.91% 2.51% 1.61% 1.82% 6.28% - 18.65%

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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 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 0.022000 0.000000 0.022000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.022000 0.000000 0.022000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.022000 0.000000 0.022000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 - - -
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 - - -
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 - - -
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 - - -
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 - - -
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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Holdings & Allocations

Daily Holdings

As of Mar 22, 2019

Fixed Income

100.04%

Cash and Cash Equivalents

-0.04%

Number of Holdings

35

Total Net Assets

$ 1,018,994,345.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
5.86% CANADIAN GOVERNMENT BOND .75% 01Mar21 CA135087F254 61,700,000 CAD 0.75 03/01/2021 60,819,919 Government Fixed Income
5.83% CANADIAN GOVERNMENT BOND .75% 01Sep21 CA135087F585 61,570,000 CAD 0.75 09/01/2021 60,469,193 Government Fixed Income
5.35% CANADIAN GOVERNMENT BOND 3.5% 01Jun20 CA135087YZ11 53,660,000 CAD 3.50 06/01/2020 55,463,409 Government Fixed Income
5.10% CANADIAN GOVERNMENT BOND 3.25% 01Jun21 CA135087ZJ69 50,560,000 CAD 3.25 06/01/2021 52,937,499 Government Fixed Income
4.93% CANADIAN GOVERNMENT BOND .5% 01Mar22 CA135087G328 52,660,000 CAD 0.50 03/01/2022 51,131,388 Government Fixed Income
4.86% CANADIAN GOVERNMENT BOND .75% 01Sep20 CA135087E596 50,980,000 CAD 0.75 09/01/2020 50,433,955 Government Fixed Income
4.85% CANADA HOUSING TRUST NO 1 2.4% 15Dec22 CA13509PDL46 48,855,000 CAD 2.40 12/15/2022 50,280,912 Government Fixed Income
4.55% CANADIAN GOVERNMENT BOND 2% 01Sep23 CA135087H987 46,100,000 CAD 2.00 09/01/2023 47,152,614 Government Fixed Income
4.24% CANADIAN GOVERNMENT BOND 1.5% 01Jun23 CA135087A610 43,765,000 CAD 1.50 06/01/2023 43,953,854 Government Fixed Income
4.11% CANADIAN GOVERNMENT BOND 2.75% 01Jun22 CA135087ZU15 40,730,000 CAD 2.75 06/01/2022 42,624,330 Government Fixed Income
3.99% CANADIAN GOVERNMENT BOND 1% 01Sep22 CA135087G732 42,074,500 CAD 1.00 09/01/2022 41,362,263 Government Fixed Income
3.90% CANADIAN GOVERNMENT BOND 1.75% 01Mar23 CA135087H490 40,040,000 CAD 1.75 03/01/2023 40,442,530 Government Fixed Income
3.54% CANADIAN GOVERNMENT BOND 1.75% 01May20 CA135087H805 36,375,000 CAD 1.75 05/01/2020 36,700,443 Government Fixed Income
3.04% CANADA HOUSING TRUST NO 1 1.75% 15Jun22 CA13509PFY49 31,345,000 CAD 1.75 06/15/2022 31,504,085 Government Fixed Income
2.97% CANADA HOUSING TRUST NO 1 2.35% 15Jun23 CA13509PGM91 29,935,000 CAD 2.35 06/15/2023 30,800,730 Government Fixed Income
2.75% CANADA HOUSING TRUST NO 1 2.55% 15Dec23 CA13509PGU18 27,435,000 CAD 2.55 12/15/2023 28,518,333 Government Fixed Income
2.70% CANADA HOUSING TRUST NO 1 1.15% 15Dec21 CA13509PFR97 28,315,000 CAD 1.15 12/15/2021 27,987,781 Government Fixed Income
2.36% CANADA HOUSING TRUST NO 1 1.5% 15Dec21 CA13509PFV00 24,485,000 CAD 1.50 12/15/2021 24,449,540 Government Fixed Income
2.35% CANADA HOUSING TRUST NO 1 1.25% 15Jun21 CA13509PFJ71 24,570,000 CAD 1.25 06/15/2021 24,422,686 Government Fixed Income
2.35% CANADA HOUSING TRUST NO 1 1.45% 15Jun20 CA13509PEZ23 24,305,000 CAD 1.45 06/15/2020 24,339,632 Government Fixed Income
2.31% CANADA HOUSING TRUST NO 1 1.25% 15Dec20 CA13509PFC29 24,000,000 CAD 1.25 12/15/2020 23,917,736 Government Fixed Income
2.09% CANADA HOUSING TRUST NO 1 1.2% 15Jun20 CA13509PEV19 21,750,000 CAD 1.20 06/15/2020 21,700,386 Government Fixed Income
2.00% CANADA HOUSING TRUST NO 1 2.65% 15Mar22 CA13509PDB63 20,155,000 CAD 2.65 03/15/2022 20,706,854 Government Fixed Income
1.82% CANADA HOUSING TRUST NO 1 2.35% 15Sep23 CA13509PDV28 18,449,000 CAD 2.35 09/15/2023 18,887,372 Government Fixed Income
1.80% CANADA HOUSING TRUST NO 1 3.8% 15Jun21 CA13509PCS08 17,700,000 CAD 3.80 06/15/2021 18,700,154 Government Fixed Income
1.72% CANADIAN GOVERNMENT BOND 1.75% 01Aug20 CA135087J215 17,745,000 CAD 1.75 08/01/2020 17,838,618 Government Fixed Income
1.68% CANADIAN GOVERNMENT BOND 2.25% 01Mar24 CA135087J546 16,820,000 CAD 2.25 03/01/2024 17,458,001 Government Fixed Income
1.67% CANADA HOUSING TRUST NO 1 3.15% 15Sep23 CA13509PDY66 16,334,000 CAD 3.15 09/15/2023 17,284,547 Government Fixed Income
1.63% CANADA HOUSING TRUST NO 1 3.35% 15Dec20 CA13509PCL54 16,280,000 CAD 3.35 12/15/2020 16,897,666 Government Fixed Income
1.44% CANADIAN GOVERNMENT BOND 2.25% 01Feb21 CA135087J629 14,705,000 CAD 2.25 02/01/2021 14,944,992 Government Fixed Income
1.15% CANADIAN GOVERNMENT BOND 2% 01Nov20 CA135087J470 11,800,000 CAD 2.00 11/01/2020 11,981,503 Government Fixed Income
0.48% CANADIAN GOVERNMENT BOND 8% 01Jun23 CA135087UT96 3,855,000 CAD 8.00 06/01/2023 4,962,085 Government Fixed Income
0.41% PSP CAPITAL INC 1.73% 21Jun22 CA69363TAL67 4,290,000 CAD 1.73 06/21/2022 4,291,979 Financial Fixed Income
0.24% PSP CAPITAL INC 2.09% 22Nov23 CA69363TAK84 2,420,000 CAD 2.09 11/22/2023 2,448,340 Financial Fixed Income
-0.04% CASH - 1 CAD - - -425,472 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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