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Overview

Fund Profile

Key Facts

Fund Ticker ZST.L
Net Assets (Mn)
(Apr 18, 2019)
$ 250.46
Base Currency CAD
Closing Market Price $ 52.07
12-Month Low/High (Market Price) $ 50.81 / $ 52.07
Closing NAV Price
(Apr 18, 2019)
$ 52.0589
12-Month Low/High (Price (NAV)) $ 50.8112 / $ 52.0589
Weighted Average Term (Years) 0.57
Weighted Average Coupon (%) 2.68%
Annualized Distribution Yield
(Apr 12, 2019)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) 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.

2.24%
Weighted Average Duration (Years) 0.54
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 28,026
Distribution Frequency Annually
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 4,811
Index -
Exchange TSX
CUSIP 05579A305
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 currently 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 accumulating 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)
(Apr 18, 2019)
$ 250.46
Market Price $ 52.07
12-Month Low/High (Market Price) $ 50.81 / $ 52.07
Price (NAV) $ 52.0589
12-Month Low/High (Price (NAV)) $ 50.8112 / $ 52.0589
Distribution Frequency Annually

Daily Prices

Unit Price as of
(Apr 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 52.07 $ 0.02 0.04%
Price (NAV) $ 52.0589 $ 0.0109 0.02%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Mar 29, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.34% 1.83% - - - -
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Mar 29, 2019

YTD 2018 2017
NAV 0.76% 2.00% -
Index - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Mar 29, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.76% 0.25% 0.76% 1.43% 2.34% 3.69% - - - -
Index - - - - - - - - - -

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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
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 Apr 18, 2019

Fixed Income

97.95%

Cash and Cash Equivalents

2.05%

Number of Holdings

59

Total Net Assets

$ 250,455,464.00


Download Holdings (Excel)
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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
5.01% WESTJET AIRLINES LTD 3.287% 23Jul2019 CA960410AA66 41,700,000 CAD 3.29 07/23/2019 42,128,582 - Fixed Income
4.54% MANUFACTURERS LIFE INSURANCE CO/THE 1% 15Jan2025 CA564835AH90 37,775,000 CAD 1.00 01/15/2025 38,134,446 Financial Fixed Income
4.35% ROYAL BANK OF CANADA 1% 06Dec2024 CA780086CW22 36,005,000 CAD 1.00 12/06/2024 36,556,350 Financial Fixed Income
4.34% BANK OF MONTREAL 1% 19Sep2024 CA06369ZBS26 36,300,000 CAD 1.00 09/19/2024 36,513,698 Financial Fixed Income
4.26% CANADIAN IMPERIAL BANK OF COMMERCE 1.66% 20Jan2020 CA13596ZLB99 35,695,000 CAD 1.66 01/20/2020 35,770,753 Financial Fixed Income
4.25% LAURENTIAN BANK OF CANADA 2.5% 23Jan2020 CA51925DBD71 35,500,000 CAD 2.50 01/23/2020 35,761,527 Financial Fixed Income
3.51% NISSAN CANADA INC 1.584% 07Oct2019 CA65478FAA09 29,613,000 CAD 1.58 10/07/2019 29,544,737 - Fixed Income
3.47% VW CREDIT CANADA INC 2.5% 01Oct2019 CA918423AK00 29,093,000 CAD 2.50 10/01/2019 29,154,726 - Fixed Income
3.44% CANADIAN NATURAL RESOURCES LTD 2.6% 03Dec2019 CA13638ZCQ69 28,569,000 CAD 2.60 12/03/2019 28,905,586 Energy Fixed Income
3.10% VENTAS CANADA FINANCE LTD 3% 30Sep2019 CA92277LAA40 25,962,000 CAD 3.00 09/30/2019 26,087,170 Financial Fixed Income
3.01% HSBC BANK CANADA 2.938% 14Jan2020 CA40427HSQ79 24,898,000 CAD 2.94 01/14/2020 25,264,380 Financial Fixed Income
2.93% DAIMLER CANADA FINANCE INC 1.8% 16Dec2019 CA23384NAX53 24,500,000 CAD 1.80 12/16/2019 24,591,297 - Fixed Income
2.79% CANADIAN WESTERN BANK 1% 17Dec2024 CA136765AP91 23,025,000 CAD 1.00 12/17/2024 23,420,614 Financial Fixed Income
2.65% CENTRAL 1 CREDIT UNION 1.87% 16Mar2020 CA154728AM10 22,324,000 CAD 1.87 03/16/2020 22,273,331 Financial Fixed Income
2.51% CHOICE PROPERTIES LP 3% 20Sep2019 CA17039BAC87 21,000,000 CAD 3.00 09/20/2019 21,082,050 Financial Fixed Income
2.49% CANADIAN WESTERN BANK 2.377% 23Jan2020 CA136765AX26 20,775,000 CAD 2.38 01/23/2020 20,918,845 Financial Fixed Income
2.47% ROYAL BANK OF CANADA 2.35% 09Dec2019 CA780086JX32 20,550,000 CAD 2.35 12/09/2019 20,780,826 Financial Fixed Income
2.42% DAIMLER CANADA FINANCE INC 1.78% 19Aug2019 CA23384NAR85 20,275,000 CAD 1.78 08/19/2019 20,315,135 - Fixed Income
2.40% CANADIAN IMPERIAL BANK OF COMMERCE 1% 28Oct2024 CA136069JJ10 19,800,000 CAD 1.00 10/28/2024 20,155,956 Financial Fixed Income
2.37% BANK OF NOVA SCOTIA/THE 1% 18Oct2024 CA064149P272 19,868,000 CAD 1.00 10/18/2024 19,941,957 Financial Fixed Income
2.22% LAURENTIAN BANK OF CANADA 2.81% 13Jun2019 CA51925DBA33 18,441,000 CAD 2.81 06/13/2019 18,645,683 Financial Fixed Income
2.09% FORD CREDIT CANADA CO 3.14% 14Jun2019 CA34527ABQ28 17,362,000 CAD 3.14 06/14/2019 17,575,857 - Fixed Income
2.02% GLACIER CREDIT CARD TRUST 2.568% 20Sep2019 CA37638ZAU80 16,901,000 CAD 2.57 09/20/2019 16,974,832 Financial Fixed Income
1.94% CANADIAN NATURAL RESOURCES LTD 3.05% 19Jun2019 CA13638ZCD56 16,130,000 CAD 3.05 06/19/2019 16,319,947 Energy Fixed Income
1.90% BANK OF NOVA SCOTIA/THE 2.27% 13Jan2020 CA0641497L59 15,800,000 CAD 2.27 01/13/2020 15,935,056 Financial Fixed Income
1.76% DREAM OFFICE REAL ESTATE INVESTMENT TRUST 4.074% 21Jan2020 CA26153PAC82 14,550,000 CAD 4.07 01/21/2020 14,795,633 Financial Fixed Income
1.58% ALIMENTATION COUCHE-TARD INC 3.319% 01Nov2019 CA01626PAB28 13,002,000 CAD 3.32 11/01/2019 13,277,571 - Fixed Income
1.57% NATIONAL BANK OF CANADA 2.404% 28Oct2019 CA633067ZK23 13,026,000 CAD 2.40 10/28/2019 13,211,532 Financial Fixed Income
1.54% SAPUTO INC 2.654% 26Nov2019 CA80310ZAA71 12,785,000 CAD 2.65 11/26/2019 12,949,742 - Fixed Income
1.51% NISSAN CANADA FINANCIAL SERVICES INC 1.75% 09Apr2020 CA65478FAC64 12,745,000 CAD 1.75 04/09/2020 12,685,770 Financial Fixed Income
1.48% BANK OF NOVA SCOTIA/THE 2.4% 28Oct2019 CA0641496N25 12,300,000 CAD 2.40 10/28/2019 12,473,643 Financial Fixed Income
1.47% TOYOTA CREDIT CANADA INC 2.48% 19Nov2019 CA892329AQ63 12,200,000 CAD 2.48 11/19/2019 12,358,314 - Fixed Income
1.32% CROMBIE REAL ESTATE INVESTMENT TRUST 2.775% 10Feb2020 CA227107AH20 11,000,000 CAD 2.78 02/10/2020 11,074,052 Financial Fixed Income
1.26% HONDA CANADA FINANCE INC 1.631% 12Aug2019 CA438121AF27 10,575,000 CAD 1.63 08/12/2019 10,595,348 - Fixed Income
1.12% ROYAL BANK OF CANADA 1% 17Jul2024 CA780086JC94 9,323,000 CAD 1.00 07/17/2024 9,415,542 Financial Fixed Income
0.94% HYDRO ONE INC 1.48% 18Nov2019 CA44810ZBT62 7,837,000 CAD 1.48 11/18/2019 7,860,421 - Fixed Income
0.91% ENBRIDGE INC 4.53% 09Mar2020 CA29251ZAW73 7,508,000 CAD 4.53 03/09/2020 7,688,572 Energy Fixed Income
0.88% RIOCAN REAL ESTATE INVESTMENT TRUST 3.85% 28Jun2019 CA766910AT04 7,299,000 CAD 3.85 06/28/2019 7,409,855 Financial Fixed Income
0.87% HUSKY ENERGY INC 5% 12Mar2020 CA448055AH65 7,095,000 CAD 5.00 03/12/2020 7,294,775 Energy Fixed Income
0.72% GENESIS TRUST II 1.699% 15Apr2020 CA37185ZAG69 6,055,000 CAD 1.70 04/15/2020 6,036,334 Financial Fixed Income
0.35% CENTRAL 1 CREDIT UNION 1% 25Apr2024 CA154728AG42 2,873,000 CAD 1.00 04/25/2024 2,914,391 Financial Fixed Income
0.28% INDUSTRIAL ALLIANCE INSURANCE & FINANCIAL SERVICES INC 1% 16May2024 CA455870AB10 2,313,000 CAD 1.00 05/16/2024 2,342,372 Financial Fixed Income
0.27% KS SP LP / KS SP1 LP / ARI SP LP / ARI SP1 LP 3.21% 15Jun2019 CA48270MAA14 2,247,602 CAD 3.21 06/15/2019 2,274,090 Financial Fixed Income
0.26% HALIFAX RECEIVABLES TRUST 2.434% 26Jun2019 CA43562ZAC64 2,150,000 CAD 2.43 06/26/2019 2,169,099 Financial Fixed Income
0.26% ENBRIDGE PIPELINES INC 4.45% 06Apr2020 CA29250ZAL28 2,111,000 CAD 4.45 04/06/2020 2,157,342 Energy Fixed Income
0.21% TORONTO HYDRO CORP 4.49% 12Nov2019 CA89119ZAB90 1,671,000 CAD 4.49 11/12/2019 1,726,321 - Fixed Income
0.13% ALTALINK INVESTMENTS LP 3.674% 05Jun2019 CA02137PAC01 1,050,000 CAD 3.67 06/05/2019 1,065,937 - Fixed Income
0.12% ALLIANCE PIPELINE LP/CANADA 4.928% 16Dec2019 CA01877ZAL46 944,000 CAD 4.93 12/16/2019 974,884 Energy Fixed Income
0.12% EMERA INC 4.83% 02Dec2019 CA29087ZAC10 1,000,000 CAD 4.83 12/02/2019 1,033,143 - Fixed Income
0.11% FIRST NATIONAL FINANCIAL CORP 4.01% 09Apr2020 CA33564PAB90 955,000 CAD 4.01 04/09/2020 964,098 Financial Fixed Income
0.10% H&R REAL ESTATE INVESTMENT TRUST 4.45% 02Mar2020 CA403925AL47 800,000 CAD 4.45 03/02/2020 818,025 Financial Fixed Income
0.10% OMERS REALTY CORP 2.473% 12Nov2019 CA68214WAL24 800,000 CAD 2.47 11/12/2019 810,382 Financial Fixed Income
0.08% WELLS FARGO CANADA CORP 2.944% 25Jul2019 CA94975ZBM73 654,000 CAD 2.94 07/25/2019 660,393 Financial Fixed Income
0.06% BLACKBIRD INFRASTRUCTURE 407 GP 1% 08Oct2021 CA09228LAB68 464,000 CAD 1.00 10/08/2021 463,988 Industrial Fixed Income
0.05% SUN LIFE FINANCIAL INC 1% 13May2024 CA86682ZAF32 400,000 CAD 1.00 05/13/2024 405,104 Financial Fixed Income
0.05% TOYOTA CREDIT CANADA INC 1.8% 19Feb2020 CA892329AR47 388,000 CAD 1.80 02/19/2020 388,294 - Fixed Income
0.03% VERESEN INC 3.06% 13Jun2019 CA92343ZAD74 241,000 CAD 3.06 06/13/2019 243,913 Energy Fixed Income
0.00% TRANSCONTINENTAL INC 3.897% 13May2019 CA893578AA26 22,000 CAD 3.90 05/13/2019 22,398 - Fixed Income
2.05% CASH - 1 CAD - - 17,253,817 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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