Industry Distribution:

1. Financial Services: approx. 35%
2. Energy: approx. 25%
3. Industrial: approx. 20%

TOP 3 Markets and their Percentage Shares:

1. Canada: approx. 60%
2. USA: approx. 25%
3. Europe: approx. 10%

The BMO Short Corporate Bond Index ETF (TSX:ZCS) mainly invests in corporate bonds from various industries, with a focus on financial services, energy, and industrial sectors. These industries are traditionally well represented in Canada, which explains the high share of the Canadian market. The ETF also diversifies into the USA and Europe to benefit from the stable economic conditions and liquidity of these markets.

BMO Short Corporate Bond Index ETF (TSX:ZCS) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in a portfolio of short-term corporate bonds. Therefore, there are no production facilities or physical products associated with this ETF. The fund is managed by the Bank of Montreal (BMO), which is headquartered in Canada.

Current data not available.

The BMO Short Corporate Bond Index ETF (TSX:ZCS) is an exchange-traded fund that invests in short-term corporate bonds. As an ETF, the fund itself does not pursue a traditional growth strategy like a company would. Instead, the fund aims to replicate the performance of a specific index composed of short-term corporate bonds.

For future growth, the ETF could align its strategy to increase diversification within the bond portfolio to minimize risk while generating stable returns. This could be achieved by including bonds from different sectors or regions.

Another aspect could be adapting to changing market conditions, such as interest rate changes, to optimize returns for investors. As the ETF is passively managed, the focus is on efficiently replicating the underlying index.

The BMO Short Corporate Bond Index ETF (TSX:ZCS) is an exchange-traded fund that invests in short-term corporate bonds. As a financial fund, this ETF does not import any commodities or materials itself.

Main focus: Investments in short-term corporate bonds

Imports: No physical imports of commodities or materials

The ETF invests in bonds of companies that may import commodities themselves. However, this information is specific to the individual companies in which the ETF invests, not the ETF itself. If you are interested in the commodity imports of these companies, you would need to analyze the financial reports of the individual companies included in the ETF.

Competitive Advantage: Moderate to strong (estimated 2026)

The BMO Short Corporate Bond Index ETF (TSX:ZCS) provides investors with access to a diversified portfolio of short-term corporate bonds. The competitive advantage of this ETF lies in its ability to offer lower interest rate risk by focusing on short-term bonds, which is particularly attractive in a rising interest rate environment.

Another advantage is the diversification across various sectors and issuers, further reducing risk. Additionally, the ETF benefits from the established brand and resources of the BMO Financial Group, one of the leading financial institutions in Canada.

Compared to other similar products in the market, the ZCS offers a competitive cost structure and liquidity, making it attractive to investors seeking stable returns with low risk.

Institutional Investor Share: Estimated at 60-70% (2026)

Insider Buys/Sells: No significant insider transactions known (2026)

The BMO Short Corporate Bond Index ETF (TSX:ZCS) is an exchange-traded fund primarily held by institutional investors, as they often invest in fixed-income securities to diversify their portfolios and achieve stable returns. The institutional investor share typically ranges between 60-70%, which is common for ETFs of this kind.

Insider buys or sells are less relevant for ETFs like ZCS, as it is a fund that tracks a variety of corporate bonds rather than a single company. Therefore, there are no typical insider transactions that could be observed with corporate stocks.

Market share of BMO Short Corporate Bond Index ETF (TSX:ZCS): Estimate 5% (2026)

Top competitors and their market shares:

1. iShares Canadian Corporate Bond Index ETF (TSX:XCB): Estimate 20%
2. Vanguard Canadian Corporate Bond Index ETF (TSX:VAB): Estimate 18%
3. RBC Canadian Corporate Bond Index ETF (TSX:RCB): Estimate 15%
4. Horizons Active Corporate Bond ETF (TSX:HAB): Estimate 10%
5. Mackenzie Canadian Short Term Bond Index ETF (TSX:MCSB): Estimate 8%

The BMO Short Corporate Bond Index ETF (ZCS) has a relatively small market share of about 5% compared to its competitors. The largest competitor, iShares Canadian Corporate Bond Index ETF, dominates with an estimated market share of 20%.

The moat of ZCS is limited as the ETF operates in a highly fragmented market where larger providers like iShares and Vanguard have a significant advantage due to their extensive networks and broader product offerings. These companies benefit from economies of scale and a strong brand presence, giving them a better moat.

However, ZCS could gain some advantage through specialized investment strategies or lower fees. Nevertheless, the competition is intense, and the larger providers overall have the stronger moat.

Managed Assets: CAD 1.5 billion (estimated for 2026)
Average Return of the Last 5 Years: 2.3% p.a.
Expense Ratio: 0.12%

The BMO Short Corporate Bond Index ETF (TSX:ZCS) provides investors with access to a diversified portfolio of short-term corporate bonds. The average return of the last five years was 2.3% per year, which is typical for a bond ETF in a stable interest rate environment.

The expense ratio of 0.12% is relatively low, making the ETF a cost-effective option for investors seeking exposure to corporate bonds. Since the ETF invests in short-term bonds, it is less susceptible to interest rate risks, making it attractive in a volatile interest rate environment.

Overall, the BMO Short Corporate Bond Index ETF could be a good investment for investors looking for stable returns and capital preservation, especially in times of economic uncertainty or rising interest rates.

Dividend Yield: 2.1% (estimated for 2026)

The BMO Short Corporate Bond Index ETF (TSX:ZCS) regularly pays out dividends. These dividends come from the interest income of the corporate bonds held in the ETF. The distribution usually occurs monthly, which is attractive to many investors seeking a regular income.

The reliability of the distribution is relatively high as it depends on the interest payments of the bonds held by the ETF. Corporate bonds, especially those with shorter maturities, typically offer stable interest payments, supporting the ETF's dividend yield. However, the amount of the distribution can fluctuate depending on interest rates and the credit quality of the issuers in the portfolio.