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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 34 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofInternational Corp IG Bonds1M perf.-1.85%
Last price
$13.96
1M perf.
-0.81%
1M flows
+€93M
AuM
€2.64B
E/R
0.11%
Rating
Not rated
ESG Consensus®
ZCS
$13.96
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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ZCS
$13.90
+0.38%
International Corp IG Bonds
+0.14%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.81%  | +0.38%  | +3.61%  | +16.44% | +14.29% | -1.05% | +0.07% | +0.07% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
055976104
ISIN
CA0559761048
AuM
€2.64B
E/R
0.11%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/12/2026
$13.95
1D NAV change
-0.24%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
34
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
Benchmark
FTSE TMX Canada Short Term Corporate Bond Index
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 | +0.38% | +3.61% | +16.44% | +14.29% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
Canada
100.00%
Sectors
Banks
44.68%
Pipelines
13.91%
Communication services
5.84%
Real estate investment and services
5.15%
Other sectors
4.31%
Financial markets
3.65%
Railroad transportation
2.83%
Power
2.83%
Unavailable
11.56%
Other
5.23%
Diversification
Total weight of top 15 holdings out of 34
Top 15 holdings
Data as of January 31, 2026
Bank of Montreal, 4.709% 7dec2027, CAD
Bank of Montreal, 3.19% 1mar2028, CAD
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
CA779926QX54
Royal Bank of Canada, 4.612% 26jul2027, CAD
CIBC, 3.8% 10dec2030, CAD
OMERS Realty, 3.244% 4oct2027, CAD
CA89116C3S44
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TransCanada PipeLines, 5.277% 15jul2030, CAD
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
Royal Bank of Canada, 4.632% 1may2028, CAD
RBC Capital Markets, 4% 17oct2030, CAD
Enbridge, 3.2% 8jun2027, CAD
RioCan REIT, 5.47% 1mar2030, CAD (AJ)
Canadian Pacific Kansas City, 2.54% 28feb2028, CAD
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ZCS ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ZCS’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
79.51% of holdings have positive scoring
20.49% of holdings have negative scoring
6.53%
35.81%
37.17%
14.35%
6.14%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
BMO
BMO ID Card
Number of funds
276
Total AuM
€115.02B
Expense ratio range
0.05% - 1.17%
Average expense ratio
0.4463%
Top 5 funds by BMO
| AuM | ||
|---|---|---|
ZSP | BMO S&P 500 Index ETF | €13.13B |
ZCN | BMO S&P/TSX Capped Composite Index ETF | €9.54B |
ZAG | BMO Aggregate Bond Index ETF | €7.74B |
ZEA | BMO MSCI EAFE Index ETF | €7.36B |
ZLB | BMO Low Volatility Canadian Equity ETF | €3.73B |
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 €2.64B in assets as of March 12, 2026.
How has ZCS performed lately?
Based on data from March 12, 2026, ZCS returned -0.81% over the past month, 0.38% over the last three months and 0.07% year-to-date.
What are the latest inflows or outflows for ZCS?
As of March 12, 2026, ZCS recorded net flows of +€93M over the last month and -€101M year-to-date.
Does ZCS distribute dividends?
ZCS follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 3.75%.
What are the main country or region exposures of ZCS?
As of January 31, 2026, ZCS has significant geographic allocations in Canada.
In which sector or theme does ZCS invest in?
As of January 31, 2026, ZCS focuses largely on Banks, Pipelines and Communication services.
How many securities does ZCS hold and how diversified is it?
As of January 31, 2026, ZCS holds 34 positions in its portfolio, with 65.76% of assets concentrated in its top 15 holdings.
What are the main positions in ZCS?
As of January 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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