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ZCS ETF · BMO Short Corporate Bond Index ETF
The ZCS Exchange Traded Fund (ETF) is provided by BMO. It is built to track an index: FTSE TMX Canada Short Term Corporate Bond Index. The ZCS ETF provides physical exposure, so by buying it you actually own parts of all the 45 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 7/3/2026, 1:30 PM UTC
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This fund is part ofInternational Corp IG Bonds1M perf.-0.28%
Last price
$13.99
1M perf.
+0.38%
1M flows
+€337M
AuM
€3.03B
TER
0.11%
Rating
Not rated
ZCS
$13.99
Performance & flows
Segment for quartile rank
April 6, 2026 → July 3, 2026
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ZCS
$13.93
+1.38%
International Corp IG Bonds
+1.08%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.38%  | +1.38%  | +4.06% | +19.70% | +15.77% | -0.03% | -0.03% | +1.64% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
7/3/2026
$13.98
1D NAV change
+0.06%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
45
Inception date
10/20/2009
Jurisdiction
Canada
Distribution
Canada
Legal structure
Unit Investment Trust
Base currency
CAD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
BMO Short Corporate Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Corporate Bond IndexTM, net of expenses. BMO Short Corporate Bond ETF invests in a variety of debt securities primarily with a term to maturity between one and five years. Securities held in the Index are generally corporate bonds issued domestically in Canada in Canadian dollars, with an investment grade rating.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.38% | +4.06% | +19.70% | +15.77% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Canada
84.24%
Unavailable
15.76%
Sectors
Banks
42.20%
Pipelines
10.96%
Real estate investment and services
5.84%
Communication services
5.72%
Financial markets
3.62%
Other sectors
3.58%
Railroad transportation
3.56%
Power
2.86%
Unavailable
15.76%
Other
5.91%
Diversification
Total weight of top 15 holdings out of 45
Top 15 holdings
Data as of May 31, 2026
Bank of Montreal, 4.709% 7dec2027, CAD
Bank of Montreal, 3.19% 1mar2028, CAD
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
CA779926QX54
CIBC, 3.8% 10dec2030, CAD
CA89116C3S44
TransCanada PipeLines, 5.277% 15jul2030, CAD
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
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Royal Bank of Canada, 4.632% 1may2028, CAD
RBC Capital Markets, 4% 17oct2030, CAD
OMERS Realty, 3.244% 4oct2027, CAD
RioCan REIT, 5.47% 1mar2030, CAD (AJ)
Pembina Pipeline Corporation, 4.02% 27mar2028, CAD (10)
Canadian Pacific Kansas City, 2.54% 28feb2028, CAD
Alimentation Couche-Tard, 5.592% 25sep2030, CAD (7)
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
BMO
BMO ID Card
Number of funds
276
Total AuM
€125.29B
Expense ratio range
0.05% - 1.17%
Average expense ratio
0.4396%
Top 5 funds by BMO
| AuM | ||
|---|---|---|
ZSP | BMO S&P 500 Index ETF | €15B |
ZCN | BMO S&P/TSX Capped Composite Index ETF | €10.58B |
ZEA | BMO MSCI EAFE Index ETF | €8.33B |
ZAG | BMO Aggregate Bond Index ETF | €8.01B |
ZEB | BMO Equal Weight Banks Index ETF | €4.17B |
Frequently asked questions about ZCS
What does BMO Short Corporate Bond Index ETF, ZCS, invest in?
ZCS is a Passive ETF. This ETF provides exposure to Canadian Investment Grade Corporate Bonds.
Which benchmark or index does ZCS replicate?
ZCS tracks the FTSE TMX Canada Short Term Corporate Bond Index - CAD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of ZCS?
ZCS carries a total expense ratio (TER) of 0.11%, indicating the annual cost for holding the fund.
When was ZCS launched?
ZCS was introduced to the market on October 20, 2009. It trades on Canada
Who is the ETF issuer of ZCS?
BMO Short Corporate Bond Index ETF, ZCS, is provided by BMO. Learn more about BMO here.
What is the current assets under management (AUM) of ZCS?
ZCS oversees €3.03B in assets as of July 3, 2026.
How has ZCS performed lately?
Based on data from July 3, 2026, ZCS returned 0.38% over the past month, 1.38% over the last three months and 1.64% year-to-date.
What are the latest inflows or outflows for ZCS?
As of July 3, 2026, ZCS recorded net flows of +€338M over the last month and +€367M year-to-date.
Does ZCS distribute dividends?
ZCS follows a distributing dividend policy, meaning it pays out income to investors. As of July 3, 2026, its 12-month trailing yield was 3.95%.
What are the main country or region exposures of ZCS?
As of May 31, 2026, ZCS has significant geographic allocations in Canada.
In which sector or theme does ZCS invest in?
As of May 31, 2026, ZCS focuses largely on Banks, Pipelines and Real estate investment and services.
How many securities does ZCS hold and how diversified is it?
As of May 31, 2026, ZCS holds 45 positions in its portfolio, with 61.80% of assets concentrated in its top 15 holdings.
What are the main positions in ZCS?
As of May 31, 2026, ZCS top three holdings include Bank of Montreal, 4.709% 7dec2027, CAD, Bank of Montreal, 3.19% 1mar2028, CAD and Toronto-Dominion Bank, 4.477% 18jan2028, CAD.
What is the base currency of ZCS?
The base currency of ZCS is CAD.
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