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Overview

Fund Profile

Key Facts

Fund Ticker ZST
Net Assets (Mn)
(Mar 22, 2019)
$ 567.46
Base Currency CAD
Closing Market Price $ 51.19
12-Month Low/High (Market Price) $ 51.01 / $ 51.64
Closing NAV Price
(Mar 22, 2019)
$ 51.1829
12-Month Low/High (Price (NAV)) $ 51.0181 / $ 51.6296
Weighted Average Term (Years) 0.63
Weighted Average Coupon (%) 2.69%
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.

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.

2.26%
Weighted Average Duration (Years) 0.60
Maximum Annual Management Fee 0.15%
Management Expense Ratio 0.17%
Market Volume 34,991
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 11,087
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)
(Mar 22, 2019)
$ 567.46
Market Price $ 51.19
12-Month Low/High (Market Price) $ 51.01 / $ 51.64
Price (NAV) $ 51.1829
12-Month Low/High (Price (NAV)) $ 51.0181 / $ 51.6296
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 22, 2019)
1 Day Change 1 Day % Change
Market Price $ 51.19 $ 0.02 0.04%
Price (NAV) $ 51.1829 $ 0.0164 0.03%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 2.23% 1.77% 1.84% 1.51% - 1.77%
Index - - - - - -
Calendar Performance

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

YTD 2018 2017 2016 2015 2014 2013 2012 2011
NAV 0.51% 2.00% 1.36% 1.80% 0.44% 1.54% 1.27% 2.30% 3.11%
Index - - - - - - - - -
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 0.51% 0.20% 0.77% 1.28% 2.23% 3.56% 5.61% 7.80% - 15.23%
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 0.125000 0.000000 0.125000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.120000 0.000000 0.120000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.120000 0.000000 0.120000
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 Mar 22, 2019

Fixed Income

99.95%

Cash and Cash Equivalents

0.05%

Number of Holdings

58

Total Net Assets

$ 567,464,812.00


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Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
5.26% WESTJET AIRLINES LTD 3.287% 23Jul19 CA960410AA66 41,700,000 CAD 3.29 07/23/2019 42,050,033 - Fixed Income
4.56% BANK OF MONTREAL 1% 19Sep24 CA06369ZBS26 36,300,000 CAD 1.00 09/19/2024 36,455,866 Financial Fixed Income
4.56% ROYAL BANK OF CANADA 1% 06Dec24 CA780086CW22 36,005,000 CAD 1.00 12/06/2024 36,484,887 Financial Fixed Income
4.47% CANADIAN IMPERIAL BANK OF COMMERCE 1.66% 20Jan20 CA13596ZLB99 35,695,000 CAD 1.66 01/20/2020 35,706,724 Financial Fixed Income
4.46% LAURENTIAN BANK OF CANADA 2.5% 23Jan20 CA51925DBD71 35,500,000 CAD 2.50 01/23/2020 35,688,887 Financial Fixed Income
4.43% MANUFACTURERS LIFE INSURANCE CO/THE 1% 15Jan25 CA564835AH90 35,175,000 CAD 1.00 01/15/2025 35,440,597 Financial Fixed Income
3.72% NISSAN CANADA FINANCIAL SERVICES INC 1.584% 07Oct19 CA65478FAA09 29,613,000 CAD 1.58 10/07/2019 29,727,694 Financial Fixed Income
3.69% VW CREDIT CANADA INC 2.5% 01Oct19 CA918423AK00 29,093,000 CAD 2.50 10/01/2019 29,472,359 - Fixed Income
3.61% CANADIAN NATURAL RESOURCES LTD 2.6% 03Dec19 CA13638ZCQ69 28,569,000 CAD 2.60 12/03/2019 28,850,055 Energy Fixed Income
3.31% VENTAS CANADA FINANCE LTD 3% 30Sep19 CA92277LAA40 25,962,000 CAD 3.00 09/30/2019 26,436,931 Financial Fixed Income
3.15% HSBC BANK CANADA 2.938% 14Jan20 CA40427HSQ79 24,898,000 CAD 2.94 01/14/2020 25,212,046 Financial Fixed Income
3.07% DAIMLER CANADA FINANCE INC 1.8% 16Dec19 CA23384NAX53 24,500,000 CAD 1.80 12/16/2019 24,538,441 - Fixed Income
2.92% CANADIAN WESTERN BANK 1% 17Dec24 CA136765AP91 23,025,000 CAD 1.00 12/17/2024 23,364,510 Financial Fixed Income
2.63% CHOICE PROPERTIES LP 3% 20Sep19 CA17039BAC87 21,000,000 CAD 3.00 09/20/2019 21,044,997 Financial Fixed Income
2.61% CANADIAN WESTERN BANK 2.377% 23Jan20 CA136765AX26 20,775,000 CAD 2.38 01/23/2020 20,883,190 Financial Fixed Income
2.60% ROYAL BANK OF CANADA 2.35% 09Dec19 CA780086JX32 20,550,000 CAD 2.35 12/09/2019 20,746,513 Financial Fixed Income
2.54% DAIMLER CANADA FINANCE INC 1.78% 19Aug19 CA23384NAR85 20,275,000 CAD 1.78 08/19/2019 20,276,102 - Fixed Income
2.53% BANK OF NOVA SCOTIA/THE 1% 18Oct24 CA064149P272 19,868,000 CAD 1.00 10/18/2024 20,206,967 Financial Fixed Income
2.52% CANADIAN IMPERIAL BANK OF COMMERCE 1% 28Oct24 CA136069JJ10 19,800,000 CAD 1.00 10/28/2024 20,117,288 Financial Fixed Income
2.33% LAURENTIAN BANK OF CANADA 2.81% 13Jun19 CA51925DBA33 18,441,000 CAD 2.81 06/13/2019 18,611,970 Financial Fixed Income
2.19% FORD CREDIT CANADA CO 3.14% 14Jun19 CA34527ABQ28 17,362,000 CAD 3.14 06/14/2019 17,539,393 - Fixed Income
2.12% GLACIER CREDIT CARD TRUST 2.568% 20Sep19 CA37638ZAU80 16,901,000 CAD 2.57 09/20/2019 16,949,430 Financial Fixed Income
2.04% CANADIAN NATURAL RESOURCES LTD 3.05% 19Jun19 CA13638ZCD56 16,130,000 CAD 3.05 06/19/2019 16,292,769 Energy Fixed Income
1.99% BANK OF NOVA SCOTIA/THE 2.27% 13Jan20 CA0641497L59 15,800,000 CAD 2.27 01/13/2020 15,904,801 Financial Fixed Income
1.90% NATIONAL BANK OF CANADA 2.404% 28Oct19 CA633067ZK23 15,026,000 CAD 2.40 10/28/2019 15,213,677 Financial Fixed Income
1.81% BANK OF NOVA SCOTIA/THE 2.4% 28Oct19 CA0641496N25 14,300,000 CAD 2.40 10/28/2019 14,476,895 Financial Fixed Income
1.66% ALIMENTATION COUCHE-TARD INC 3.319% 01Nov19 CA01626PAB28 13,002,000 CAD 3.32 11/01/2019 13,255,461 - Fixed Income
1.62% SAPUTO INC 2.654% 26Nov19 CA80310ZAA71 12,785,000 CAD 2.65 11/26/2019 12,929,389 - Fixed Income
1.56% CENTRAL 1 CREDIT UNION 1.87% 16Mar20 CA154728AM10 12,499,000 CAD 1.87 03/16/2020 12,447,523 Financial Fixed Income
1.54% TOYOTA CREDIT CANADA INC 2.48% 19Nov19 CA892329AQ63 12,200,000 CAD 2.48 11/19/2019 12,338,529 - Fixed Income
1.52% BP LP 3.244% 09Jan20 CA05576AAA84 11,992,236 CAD 3.24 01/09/2020 12,129,180 Financial Fixed Income
1.38% CROMBIE REAL ESTATE INVESTMENT TRUST 2.775% 10Feb20 CA227107AH20 11,000,000 CAD 2.78 02/10/2020 11,052,566 Financial Fixed Income
1.32% HONDA CANADA FINANCE INC 1.631% 12Aug19 CA438121AF27 10,575,000 CAD 1.63 08/12/2019 10,578,080 - Fixed Income
1.28% DREAM OFFICE REAL ESTATE INVESTMENT TRUST 4.074% 21Jan20 CA26153PAC82 10,050,000 CAD 4.07 01/21/2020 10,209,679 Financial Fixed Income
1.18% ROYAL BANK OF CANADA 1% 17Jul24 CA780086JC94 9,323,000 CAD 1.00 07/17/2024 9,396,151 Financial Fixed Income
0.98% HYDRO ONE INC 1.48% 18Nov19 CA44810ZBT62 7,837,000 CAD 1.48 11/18/2019 7,848,941 - Fixed Income
0.93% RIOCAN REAL ESTATE INVESTMENT TRUST 3.85% 28Jun19 CA766910AT04 7,299,000 CAD 3.85 06/28/2019 7,397,720 Financial Fixed Income
0.75% HUSKY ENERGY INC 5% 12Mar20 CA448055AH65 5,800,000 CAD 5.00 03/12/2020 5,957,005 Energy Fixed Income
0.55% INDUSTRIAL ALLIANCE INSURANCE & FINANCIAL SERVICES INC 1% 16May24 CA455870AB10 4,313,000 CAD 1.00 05/16/2024 4,360,028 Financial Fixed Income
0.47% CENTRAL 1 CREDIT UNION 1% 25Apr24 CA154728AG42 3,723,000 CAD 1.00 04/25/2024 3,770,672 Financial Fixed Income
0.30% ENBRIDGE INC 4.53% 09Mar20 CA29251ZAW73 2,319,000 CAD 4.53 03/09/2020 2,371,257 Energy Fixed Income
0.28% KS SP LP / KS SP1 LP / ARI SP LP / ARI SP1 LP 3.21% 15Jun19 CA48270MAA14 2,247,602 CAD 3.21 06/15/2019 2,269,655 Financial Fixed Income
0.27% HALIFAX RECEIVABLES TRUST 2.434% 26Jun19 CA43562ZAC64 2,150,000 CAD 2.43 06/26/2019 2,165,338 Financial Fixed Income
0.26% BROOKFIELD ASSET MANAGEMENT INC 3.95% 09Apr19 CA11257ZAB54 2,054,000 CAD 3.95 04/09/2019 2,093,157 Financial Fixed Income
0.22% TORONTO HYDRO CORP 4.49% 12Nov19 CA89119ZAB90 1,671,000 CAD 4.49 11/12/2019 1,723,658 - Fixed Income
0.13% ALTALINK INVESTMENTS LP 3.674% 05Jun19 CA02137PAC01 1,050,000 CAD 3.67 06/05/2019 1,063,001 - Fixed Income
0.13% EMERA INC 4.83% 02Dec19 CA29087ZAC10 1,000,000 CAD 4.83 12/02/2019 1,031,306 - Fixed Income
0.12% ALLIANCE PIPELINE LP/CANADA 4.928% 16Dec19 CA01877ZAL46 944,000 CAD 4.93 12/16/2019 972,349 Energy Fixed Income
0.10% OMERS REALTY CORP 2.473% 12Nov19 CA68214WAL24 800,000 CAD 2.47 11/12/2019 809,461 Financial Fixed Income
0.10% H&R REAL ESTATE INVESTMENT TRUST 4.45% 02Mar20 CA403925AL47 800,000 CAD 4.45 03/02/2020 817,142 Financial Fixed Income
0.08% WELLS FARGO CANADA CORP 2.944% 25Jul19 CA94975ZBM73 654,000 CAD 2.94 07/25/2019 659,229 Financial Fixed Income
0.06% BLACKBIRD INFRASTRUCTURE 407 GP 1% 08Oct21 CA09228LAB68 464,000 CAD 1.00 10/08/2021 463,499 Industrial Fixed Income
0.05% SUN LIFE FINANCIAL INC 1% 13May24 CA86682ZAF32 400,000 CAD 1.00 05/13/2024 404,468 Financial Fixed Income
0.05% TOYOTA CREDIT CANADA INC 1.8% 19Feb20 CA892329AR47 388,000 CAD 1.80 02/19/2020 387,673 - Fixed Income
0.03% VERESEN INC 3.06% 13Jun19 CA92343ZAD74 241,000 CAD 3.06 06/13/2019 243,478 Energy Fixed Income
0.00% ARTIS REAL ESTATE INVESTMENT TRUST 3.753% 27Mar19 CA04315LAH83 17,000 CAD 3.75 03/27/2019 17,322 Financial Fixed Income
0.00% TRANSCONTINENTAL INC 3.897% 13May19 CA893578AA26 22,000 CAD 3.90 05/13/2019 22,355 - Fixed Income
0.05% CASH - 1 CAD - - 427,020 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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