Description

The BMO Short-Term Bond Index ETF aims to closely mirror the performance of the FTSE Canada Short Term Overall Bond Index, accounting for its operational costs. This fund achieves its objective by holding a diverse selection of fixed-income instruments. These debt securities primarily mature within a timeframe of one to five years and encompass bonds issued by the Canadian federal government, provincial governments, and corporations. All holdings are denominated in Canadian dollars, originate from Canadian issuers, and possess an investment-grade credit rating.