Question 1

What is ZCS?

Accepted Answer

ZCS — BMO Short Corporate Bond Index ETF — is a Canadian-listed ETF trading on the TSX. The BMO Short Corporate Bond Index ETF has been designed to replicate, to the extent possible, the performance of the FTSE TMX Canada Short Term Corporate Bond Index, 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 Can…

Question 2

What is the ZCS ETF price today?

Accepted Answer

ZCS last traded at $13.75 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are ZCS annualised returns?

Accepted Answer

ZCS historical returns: YTD: -2.07%, 1-year: +1.31%, 3-year annualised: +5.81%, 5-year annualised: +3.13%, 10-year annualised: +2.70%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.08, which measures risk-adjusted return.

Question 4

Does ZCS pay dividends or distributions?

Accepted Answer

Yes, ZCS distributes income to unitholders. The current distribution yield is approximately 3.94%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 5

What does ZCS invest in?

Accepted Answer

ZCS's top holdings include Bank of Nova Scotia 2.38% (null, 1.7%), Canadian Imperial Bank of Commerce 3.3% (null, 1.3%), Royal Bank of Canada 2.35% (null, 1.3%), Bank of Montreal 2.7% (null, 1.3%), Bank of Montreal 2.27% (null, 1.1%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can 1-5Y Core Bd GR CAD.

Question 6

What sectors does ZCS invest in?

Accepted Answer

ZCS's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is ZCS? (Assets under management)

Accepted Answer

ZCS has approximately $5.38B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 8

When was ZCS launched?

Accepted Answer

ZCS was launched on October 20, 2009, giving it a 17-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 9

How do I buy ZCS in Canada?

Accepted Answer

ZCS trades on the TSX under the ticker ZCS. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 10

How risky is ZCS?

Accepted Answer

ZCS has a 1-year volatility of 1.74% and a beta of 1.06 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.08 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-29	$13.75	$13.75	$13.73	$13.75	$13.75	67,192
2026-10-28	$13.80	$13.80	$13.77	$13.78	$13.78	151,493
2026-10-27	$13.80	$13.80	$13.78	$13.79	$13.79	148,900
2026-10-26	$13.79	$13.80	$13.78	$13.79	$13.79	209,199
2026-10-23	$13.80	$13.80	$13.78	$13.79	$13.79	131,566
2026-10-22	$13.80	$13.82	$13.79	$13.81	$13.81	73,933
2026-10-21	$13.79	$13.80	$13.78	$13.79	$13.79	109,303
2026-10-20	$13.78	$13.79	$13.77	$13.77	$13.77	46,749
2026-10-19	$13.81	$13.81	$13.76	$13.78	$13.78	140,675
2026-10-16	$13.82	$13.83	$13.81	$13.82	$13.82	68,750

#	Name	Weight
1	Bank of Nova Scotia 2.38%	1.71%
2	Canadian Imperial Bank of Commerce 3.3%	1.34%
3	Royal Bank of Canada 2.35%	1.26%
4	Bank of Montreal 2.7%	1.25%
5	Bank of Montreal 2.27%	1.12%
6	Royal Bank of Canada 3.3%	1.12%
7	Royal Bank of Canada 2.61%	1.03%
8	Bank of Nova Scotia 2.98%	1.02%
9	The Toronto-Dominion Bank	0.99%
10	The Toronto-Dominion Bank 3%	0.99%

Sector	Weight
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
CGMD		$7.10	+11.64%
LLHE-U	Harvest Eli Lilly Enhanced High Income Shares ETF	$11.25	+9.22%
GASD		$6.29	+8.45%
GDXD	BetaPro Canadian Gold Miners -2x Daily Bear ETF	$9.91	+7.89%
SLVD	BetaPro Silver -2x Daily Bear ETF	$45.86	+7.83%
HND	BetaPro Natural Gas 2x Daily Bear	$29.33	+6.97%
LLHE	Harvest Eli Lilly Enhanced High Income Shares ETF - Class A Units	$11.55	+6.06%
QQQD		$6.98	+4.96%

BMO Short Corporate Bond Index ETF (ZCS : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO Short Corporate Bond Index ETF

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Frequently Asked Questions — ZCS