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Overview

Fund Profile

Key Facts

Fund Ticker ZST
Net Assets (Mn)
(Jan 18, 2019)
$ 173.99
Base Currency CAD
Closing Market Price $ 51.10
12-Month Low/High (Market Price) $ 51.01 / $ 51.86
Closing NAV Price
(Jan 18, 2019)
$ 51.0998
12-Month Low/High (Price (NAV)) $ 51.0181 / $ 51.8417
Weighted Average Term (Years) 0.7
Weighted Average Coupon (%) 2.75%
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.

2.82%
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.

2.62%
Weighted Average Duration (Years) 0.67
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 20,898
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 3,405
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 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 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)
(Jan 18, 2019)
$ 173.99
Market Price $ 51.10
12-Month Low/High (Market Price) $ 51.01 / $ 51.86
Price (NAV) $ 51.0998
12-Month Low/High (Price (NAV)) $ 51.0181 / $ 51.8417
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 51.10 $ 0.01 0.02%
Price (NAV) $ 51.0998 $ -0.0037 -0.01%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.00% 1.68% 1.72% 1.43% - 1.74%
Index - - - - - -
Calendar Performance

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

YTD 2017 2016 2015 2014 2013 2012 2011
NAV 2.00% 1.36% 1.80% 0.44% 1.54% 1.27% 2.30% 3.11%
Index - - - - - - - -
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 2.00% 0.26% 0.66% 1.10% 2.00% 3.39% 5.25% 7.33% - 14.65%
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.

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 - - -
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 - - -
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 - - -
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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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 Jan 18, 2019

Fixed Income

100.01%

Cash and Cash Equivalents

-0.01%

Number of Holdings

51

Total Net Assets

$ 173,994,955.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
4.74% DAIMLER CANADA FINANCE COMPANY GUAR REGS 08/19 1.78 CA23384NAR85 15,275,000 CAD 1.78 08/19/2019 15,317,381 - Fixed Income
4.73% WESTJET AIRLINES LTD COMPANY GUAR 07/19 3.287 CA960410AA66 15,000,000 CAD 3.29 07/23/2019 15,279,660 - Fixed Income
4.62% CANADIAN IMPERIAL BANK SUBORDINATED 10/24 VAR CA136069JJ10 14,800,000 CAD 1.00 10/28/2024 14,929,498 Financial Fixed Income
4.53% HSBC BANK CANADA DEPOSIT NOTE 01/20 2.938 CA40427HSQ79 14,586,000 CAD 2.94 01/14/2020 14,644,041 Financial Fixed Income
4.39% VW CREDIT CANADA INC COMPANY GUAR REGS 10/19 2.5 CA918423AK00 14,093,000 CAD 2.50 10/01/2019 14,182,397 - Fixed Income
4.38% MANUFACTURERS LIFE INSUR COMPANY GUAR 01/25 VAR CA564835AH90 14,175,000 CAD 1.00 01/15/2025 14,166,928 Financial Fixed Income
4.37% VENTAS CANADA FIN LTD COMPANY GUAR REGS 09/19 3 CA92277LAA40 13,962,000 CAD 3.00 09/30/2019 14,120,323 Financial Fixed Income
4.18% HONDA CANADA FINANCE INC SR UNSECURED 08/19 1.631 CA438121AF27 13,475,000 CAD 1.63 08/12/2019 13,512,540 - Fixed Income
4.10% BANK OF NOVA SCOTIA SUBORDINATED 10/24 VAR CA064149P272 13,122,000 CAD 1.00 10/18/2024 13,254,277 Financial Fixed Income
4.10% NISSAN CANADA FIN SERVIC SR UNSECURED 10/19 1.584 CA65478FAA09 13,313,000 CAD 1.58 10/07/2019 13,269,804 Financial Fixed Income
4.06% BANK OF MONTREAL SUBORDINATED REGS 09/24 VAR CA06369ZBS26 12,950,000 CAD 1.00 09/19/2024 13,119,828 Financial Fixed Income
3.74% CANADIAN WESTERN BANK SUBORDINATED 12/24 VAR CA136765AP91 12,025,000 CAD 1.00 12/17/2024 12,095,144 Financial Fixed Income
3.66% ROYAL BANK OF CANADA DEPOSIT NOTE 12/19 2.35 CA780086JX32 11,800,000 CAD 2.35 12/09/2019 11,828,337 Financial Fixed Income
3.46% CANADIAN NATL RESOURCES SR UNSECURED 06/19 3.05 CA13638ZCD56 11,130,000 CAD 3.05 06/19/2019 11,181,898 Energy Fixed Income
3.44% CHOICE PROPERTIES LP COMPANY GUAR 09/19 3 CA17039BAC87 11,000,000 CAD 3.00 09/20/2019 11,129,316 Financial Fixed Income
3.38% DAIMLER CANADA FINANCE COMPANY GUAR 12/19 1.8 CA23384NAX53 11,000,000 CAD 1.80 12/16/2019 10,928,583 - Fixed Income
2.93% NATIONAL BANK OF CANADA DEPOSIT NOTE 10/19 2.404 CA633067ZK23 9,424,000 CAD 2.40 10/28/2019 9,480,345 Financial Fixed Income
2.62% LAURENTIAN BANK OF CDA DEPOSIT NOTE 06/19 2.81 CA51925DBA33 8,441,000 CAD 2.81 06/13/2019 8,474,444 Financial Fixed Income
2.59% ROYAL BANK OF CANADA SUBORDINATED 12/24 VAR CA780086CW22 8,317,000 CAD 1.00 12/06/2024 8,366,266 Financial Fixed Income
2.28% RIOCAN REAL ESTATE INVST SR UNSECURED 06/19 3.85 CA766910AT04 7,299,000 CAD 3.85 06/28/2019 7,358,237 Financial Fixed Income
2.15% GLACIER CREDIT CARD TRST ASSET BACKED 09/19 2.568 CA37638ZAU80 6,901,000 CAD 2.57 09/20/2019 6,964,844 Financial Fixed Income
2.09% CANADIAN NATL RESOURCES SR UNSECURED 12/19 2.6 CA13638ZCQ69 6,754,000 CAD 2.60 12/03/2019 6,760,952 Energy Fixed Income
1.93% WELLS FARGO CANADA CORP COMPANY GUAR 07/19 2.944 CA94975ZBM73 6,119,000 CAD 2.94 07/25/2019 6,224,519 Financial Fixed Income
1.81% ROYAL BANK OF CANADA SUBORDINATED 07/24 VAR CA780086JC94 5,823,000 CAD 1.00 07/17/2024 5,836,237 Financial Fixed Income
1.44% HALIFAX RECEIVABLES TRUS ASSET BACKED 06/19 2.434 CA43562ZAC64 4,650,000 CAD 2.43 06/26/2019 4,660,265 Financial Fixed Income
1.34% BANK OF NOVA SCOTIA DEPOSIT NOTE 10/19 2.4 CA0641496N25 4,300,000 CAD 2.40 10/28/2019 4,325,277 Financial Fixed Income
1.34% INDUSTRIAL ALLIANCE SUBORDINATED 05/24 VAR CA455870AB10 4,313,000 CAD 1.00 05/16/2024 4,339,289 Financial Fixed Income
1.16% CENTRAL 1 CREDIT UNION SUBORDINATED 04/24 VAR CA154728AG42 3,723,000 CAD 1.00 04/25/2024 3,748,926 Financial Fixed Income
1.02% BP LP SR SECURED 01/20 3.244 CA05576AAA84 3,302,210 CAD 3.24 01/09/2020 3,310,340 Financial Fixed Income
0.96% BROOKFIELD ASSET MAN INC SR UNSECURED 04/19 3.95 CA11257ZAB54 3,072,000 CAD 3.95 04/09/2019 3,116,458 Financial Fixed Income
0.94% ALIMENTATION COUCHE TARD COMPANY GUAR 11/19 3.319 CA01626PAB28 3,002,000 CAD 3.32 11/01/2019 3,039,322 - Fixed Income
0.89% FORD CREDIT CANADA CO COMPANY GUAR 06/19 3.14 CA34527ABQ28 2,862,000 CAD 3.14 06/14/2019 2,872,113 - Fixed Income
0.87% HYDRO ONE INC SR UNSECURED 11/19 1.48 CA44810ZBT62 2,837,000 CAD 1.48 11/18/2019 2,822,827 - Fixed Income
0.87% SAPUTO INC COMPANY GUAR 11/19 2.654 CA80310ZAA71 2,785,000 CAD 2.65 11/26/2019 2,796,420 - Fixed Income
0.70% KS SP LP/KS SP1 LP/ARI S 1ST MORTGAGE 06/19 3.21 CA48270MAA14 2,247,602 CAD 3.21 06/15/2019 2,256,773 Financial Fixed Income
0.68% TOYOTA CREDIT CANADA INC SR UNSECURED REGS 11/19 2.48 CA892329AQ63 2,200,000 CAD 2.48 11/19/2019 2,209,766 - Fixed Income
0.64% ROGERS COMMUNICATIONS IN COMPANY GUAR 11/19 5.38 CA775109AN10 2,000,000 CAD 5.38 11/04/2019 2,066,298 - Fixed Income
0.52% TORONTO HYDRO CORP SR UNSECURED 11/19 4.49 CA89119ZAB90 1,637,000 CAD 4.49 11/12/2019 1,678,256 - Fixed Income
0.36% ENBRIDGE PIPELINES INC SR UNSECURED 11/19 4.49 CA29250ZAK45 1,130,000 CAD 4.49 11/12/2019 1,159,366 Energy Fixed Income
0.33% ALTALINK INVESTMENTS LP SR UNSECURED 06/19 3.674 CA02137PAC01 1,050,000 CAD 3.67 06/05/2019 1,056,666 - Fixed Income
0.32% EMERA INC SR UNSECURED 12/19 4.83 CA29087ZAC10 1,000,000 CAD 4.83 12/02/2019 1,023,849 - Fixed Income
0.30% FORD CREDIT CANADA CO COMPANY GUAR 02/19 2.939 CA34527ABF62 950,000 CAD 2.94 02/19/2019 962,051 - Fixed Income
0.30% ALLIANCE PIPELINE LP SR UNSECURED 12/19 4.928 CA01877ZAL46 944,000 CAD 4.93 12/16/2019 965,103 Energy Fixed Income
0.25% OMERS REALTY CORP SR UNSECURED 11/19 2.473 CA68214WAL24 800,000 CAD 2.47 11/12/2019 803,873 Financial Fixed Income
0.25% BANK OF NOVA SCOTIA DEPOSIT NOTE 01/20 2.27 CA0641497L59 800,000 CAD 2.27 01/13/2020 799,118 Financial Fixed Income
0.12% SUN LIFE FINANCIAL INC SUBORDINATED 05/24 VAR CA86682ZAF32 400,000 CAD 1.00 05/13/2024 402,467 Financial Fixed Income
0.07% PEMBINA PIPELINE CORP SR UNSECURED REGS 06/19 3.06 CA92343ZAD74 241,000 CAD 3.06 06/13/2019 242,240 Energy Fixed Income
0.06% WINNIPEG AIRPORTS AUTH SR SECURED 11/19 4.569 CA975014AB71 200,000 CAD 4.57 11/20/2019 205,018 Industrial Fixed Income
0.01% ARTIS REAL ESTATE SR UNSECURED 03/19 3.753 CA04315LAH83 17,000 CAD 3.75 03/27/2019 17,239 Financial Fixed Income
0.01% TRANSCONTINENTAL INC COMPANY GUAR 05/19 3.897 CA893578AA26 22,000 CAD 3.90 05/13/2019 22,236 - Fixed Income
-0.01% CASH - 1 CAD - - -48,020 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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