Get your free ETF data sample from our comprehensive offerings. Start your free trial→
Help us improve your experience. Please confirm your investor type:
Compare ETFs Easily
The Ultimate ETF Comparison Tool - Try Now!
Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.
ZFS ETF · BMO Short Federal Bond Index ETF
The ZFS Exchange Traded Fund (ETF) is provided by BMO. It is built to track an index: FTSE TMX Canada Short Term Federal Bond Index. The ZFS ETF provides physical exposure, so by buying it you actually own parts of all the 22 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofInternational Sovereign Bonds1M perf.-2.23%
Last price
$13.87
1M perf.
-0.73%
1M flows
+€216M
AuM
€497M
E/R
0.21%
Rating
Not rated
ESG Consensus®
ZFS
$13.87
Performance & flows
Segment for quartile rank
December 19, 2025 → March 19, 2026
Create a free account to view the flows graph
ZFS
$13.87
+0.29%
International Sovereign Bonds
-0.13%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.73%  | +0.29%  | +1.76%  | +10.10% | +6.94% | -1.01% | +0.14% | +0.14% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/19/2026
$13.87
1D NAV change
-0.14%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
22
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
Create a free account to view dividend distribution
Classification
Product type
Benchmark
FTSE TMX Canada Short Term Federal Bond Index
Asset class
Factors
N/A
Investment strategy
The BMO Short Federal Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE Canada Short Term Federal Bond IndexTM, net of expenses. The Fund 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 issued or guaranteed by the Government of Canada, by various agencies of the Government of Canada, and by various instrumentalities that have been established or sponsored by the Government of Canada.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
Upload your own internal metrics
Custom data feature
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 EnterpriseAdvertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.29% | +1.76% | +10.10% | +6.94% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
Built for professionals: access exclusive risk 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 EnterpriseExposure
Countries
Canada
100.00%
Sectors
Sovereign
50.17%
Government agencies
26.04%
Unavailable
23.79%
Diversification
Total weight of top 15 holdings out of 22
Top 15 holdings
Data as of February 28, 2026
CA135087T388
Canada, Bonds 3.25% 1sep2028, CAD
Canada, Bonds 4% 1mar2029, CAD
Canada, Bonds 2.75% 1mar2030, CAD
Canada, Bonds 3.5% 1sep2029, CAD
Canada, Bonds 3.5% 1mar2028, CAD
CA135087T461
Canada, Bond 1.25 1jun2030 10Y
Create a free account to view top holdings
Canada, Bonds 2.75% 1sep2027, CAD
CMHC, 2.35% 15jun2027, CAD (77)
Canada Housing Trust, 3.7% 15jun2029, CAD (120)
Canada Housing Trust, 3.6% 15dec2027, CAD (110)
Canada Housing Trust, 2.9% 15dec2029, CAD (123)
CMHC, 1.75% 15jun2030, CAD (92)
CA135087T610
Create a free account to view top holdings
Built for professionals: access exclusive exposure 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 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 ZFS 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.
ZFS’s has a Final Sustainability Grade of either A+, A, or A-.
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
100.00% of holdings have positive scoring
100.00%
Consensus levels
Strong
Medium
Weak
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
€111.84B
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 | €12.9B |
ZCN | BMO S&P/TSX Capped Composite Index ETF | €9.18B |
ZAG | BMO Aggregate Bond Index ETF | €7.68B |
ZEA | BMO MSCI EAFE Index ETF | €7.26B |
ZLB | BMO Low Volatility Canadian Equity ETF | €3.63B |
Frequently asked questions about ZFS
What does BMO Short Federal Bond Index ETF, ZFS, invest in?
ZFS is a Passive ETF. This ETF provides exposure to Canadian Investment Grade Government Bonds.
Which benchmark or index does ZFS replicate?
ZFS tracks the FTSE TMX Canada Short Term Federal Bond Index - CAD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of ZFS?
ZFS carries a total expense ratio (TER) of 0.21%, indicating the annual cost for holding the fund.
When was ZFS launched?
ZFS was introduced to the market on October 20, 2009. It trades on Canada
Who is the ETF issuer of ZFS?
BMO Short Federal Bond Index ETF, ZFS, is provided by BMO. Learn more about BMO here.
What is the current assets under management (AUM) of ZFS?
ZFS oversees €497M in assets as of March 19, 2026.
How has ZFS performed lately?
Based on data from March 19, 2026, ZFS returned -0.73% over the past month, 0.29% over the last three months and 0.14% year-to-date.
What are the latest inflows or outflows for ZFS?
As of March 19, 2026, ZFS recorded net flows of +€216M over the last month and +€269M year-to-date.
Does ZFS distribute dividends?
ZFS follows a distributing dividend policy, meaning it pays out income to investors. As of March 19, 2026, its 12-month trailing yield was 2.47%.
What are the main country or region exposures of ZFS?
As of February 28, 2026, ZFS has significant geographic allocations in Canada.
In which sector or theme does ZFS invest in?
As of February 28, 2026, ZFS focuses largely on Sovereign and Government agencies.
How many securities does ZFS hold and how diversified is it?
As of February 28, 2026, ZFS holds 22 positions in its portfolio, with 86.31% of assets concentrated in its top 15 holdings.
What are the main positions in ZFS?
As of February 28, 2026, ZFS top three holdings include CA135087T388, Canada, Bonds 3.25% 1sep2028, CAD and Canada, Bonds 4% 1mar2029, CAD.
What is the base currency of ZFS?
The base currency of ZFS is CAD.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
