Question 1

What is ZST?

Accepted Answer

ZST (BMO Ultra Short-Term Bond) is a Canadian-listed ETF trading on the TSX in the Canadian Bonds category. It tracks the Morningstar Can 1-5Y Core Bd GR CAD.

Question 2

What is the ZST ETF price today?

Accepted Answer

ZST last traded at $49.02 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZST MER (management expense ratio)?

Accepted Answer

ZST has a management expense ratio (MER) of 0.15% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0.15%, ZST is considered a low-cost ETF.

Question 4

What are ZST annualised returns?

Accepted Answer

ZST historical returns: YTD: -0.04%, 1-year: +2.56%, 3-year annualised: +3.65%, 5-year annualised: +3.41%, 10-year annualised: +2.61%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 2.89, which measures risk-adjusted return.

Question 5

Does ZST pay dividends or distributions?

Accepted Answer

Yes, ZST distributes income to unitholders. The current distribution yield is approximately 2.55%, 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 6

What does ZST invest in?

Accepted Answer

ZST's top holdings include Canada (Government of) 0% (null, 20.2%), Purpose High Interest Savings ETF (null, 10.1%), Dollarama Inc 2.34% (null, 6.9%), The Toronto-Dominion Bank 1.99% (null, 6.5%), Honda Canada Finance Inc. 1.82% (null, 4.8%) — 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 7

What sectors does ZST invest in?

Accepted Answer

ZST'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 8

How large is ZST? (Assets under management)

Accepted Answer

ZST has approximately $3.43B 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 9

When was ZST launched?

Accepted Answer

ZST was launched on January 28, 2011, giving it a 15-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZST in Canada?

Accepted Answer

ZST trades on the TSX under the ticker ZST. 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 11

How risky is ZST?

Accepted Answer

ZST has a 1-year volatility of 0.13% and a beta of 0.06 (less volatile than the broad market). Its 3-year Sharpe ratio of 2.89 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	$49.04	$49.04	$49.01	$49.02	$49.02	272,400
2026-10-28	$49.14	$49.14	$49.11	$49.12	$49.12	38,257
2026-10-27	$49.12	$49.13	$49.12	$49.13	$49.13	31,700
2026-10-26	$49.12	$49.13	$49.12	$49.12	$49.12	50,498
2026-10-23	$49.14	$49.14	$49.12	$49.13	$49.13	22,146
2026-10-22	$49.13	$49.13	$49.11	$49.12	$49.12	14,952
2026-10-21	$49.12	$49.12	$49.11	$49.12	$49.12	45,722
2026-10-20	$49.10	$49.12	$49.10	$49.11	$49.11	25,265
2026-10-19	$49.14	$49.14	$49.10	$49.10	$49.10	43,911
2026-10-16	$49.12	$49.12	$49.11	$49.12	$49.12	34,574

#	Name	Weight
1	Canada (Government of) 0%	20.25%
2	Purpose High Interest Savings ETF	10.05%
3	Dollarama Inc 2.34%	6.87%
4	The Toronto-Dominion Bank 1.99%	6.53%
5	Honda Canada Finance Inc. 1.82%	4.82%
6	Royal Bank of Canada 1.97%	4.61%
7	Daimler Canada Finance, Inc. 1.91%	4.15%
8	Canadian Imperial Bank of Commerce 2.04%	3.60%
9	Omers Realty Corporation 1.82%	3.11%
10	Bank of Nova Scotia 1.83%	2.73%

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 Ultra Short-Term Bond (ZST : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — ZST