BMO SHORT CORPORATE BD INDEX ETF CAD UNITSBMO SHORT CORPORATE BD INDEX ETF CAD UNITSBMO SHORT CORPORATE BD INDEX ETF CAD UNITS

BMO SHORT CORPORATE BD INDEX ETF CAD UNITS

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Key stats


Assets under management (AUM)
‪4.20 B‬CAD
Fund flows (1Y)
‪2.60 B‬CAD
Dividend yield (indicated)
3.26%
Discount/Premium to NAV
0.10%
Shares outstanding
‪300.16 M‬
Expense ratio
0.11%

About BMO SHORT CORPORATE BD INDEX ETF CAD UNITS


Brand
BMO
Home page
Inception date
Oct 20, 2009
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
FTSE Canada Short Term Corporate Bond Index - CAD
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
BMO Asset Management, Inc.
The fund invests in CAD-denominated corporate bonds issued in Canada. The corporate sector is divided into sub-sectors: financial, communication, industrial, energy, infrastructure, real estate and securitization. The fund tracks a market-value-weighted index of investment grade bonds with maturities between 0-5 years. The index is usually rebalanced daily and holds semi-annual pay fixed rate bonds with credit rating of BBB or higher. ZCS aims to hold securities in parallel proportions as they are reflected in the index. The Manager may also use a sampling methodology, which uses quantitative analysis to select bonds that resemble index constituents in terms of key risk factors, performance attributes, industry weightings, market capitalization and other appropriate financial characteristics. Sibling fund ZCB provides the same exposure with but maturities greater than one year, ZCM and ZLC caters to longer-dated bonds with 5-10 years and 10 years or more remaining to maturity.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
Investment grade
Niche
Short-term
Strategy
Vanilla
Geography
Canada
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to ZCS via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ZCS trades at 13.98 CAD today, its price has risen 0.07% in the past 24 hours. Track more dynamics on ZCS price chart.
ZCS net asset value is 13.96 today — it's risen 0.44% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ZCS assets under management is ‪4.20 B‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ZCS price has risen by 0.29% over the last month, and its yearly performance shows a 4.10% increase. See more dynamics on ZCS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.44% over the last month, showed a 0.95% increase in three-month performance and has increased by 7.49% in a year.
ZCS fund flows account for ‪2.60 B‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ZCS invests in bonds. See more details in our Analysis section.
ZCS expense ratio is 0.11%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ZCS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ZCS technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ZCS shows the buy signal. See more of ZCS technicals for a more comprehensive analysis.
Yes, ZCS pays dividends to its holders with the dividend yield of 3.26%.
ZCS trades at a premium (0.10%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ZCS shares are issued by Bank of Montreal
ZCS follows the FTSE Canada Short Term Corporate Bond Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 20, 2009.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.