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About BMO SHORT CORPORATE BD INDEX ETF CAD UNITS
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Inception date
Oct 20, 2009
Structure
Canadian Mutual Fund Trust (ON)
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.82%
Securitized1.48%
Cash−0.30%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ZCS invests in bonds. The fund's major sectors are Corporate, with 98.82% stocks, and Securitized, with 1.48% of the basket. The assets are mostly located in the North America region.
ZCS last dividends amounted to 0.04 CAD. The month before, the issuer paid 0.04 CAD in dividends,
ZCS assets under management is 4.20 B CAD. It's risen 3.77% over the last month.
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.
Yes, ZCS pays dividends to its holders with the dividend yield of 3.26%. The last dividend (May 2, 2025) amounted to 0.04 CAD. The dividends are paid monthly.
ZCS shares are issued by Bank of Montreal under the brand BMO. The ETF was launched on Oct 20, 2009, and its management style is Passive.
ZCS expense ratio is 0.11% meaning you'd have to pay 0.11% of your investment to help manage the fund.
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.
ZCS invests in bonds.
ZCS price has risen by 0.29% over the last month, and its yearly performance shows a 4.01% increase. See more dynamics on ZCS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.41% over the last month, showed a 0.71% increase in three-month performance and has increased by 7.33% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.41% over the last month, showed a 0.71% increase in three-month performance and has increased by 7.33% in a year.
ZCS trades at a premium (0.13%) meaning the ETF is trading at a higher price than the calculated NAV.