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Understanding ETFs: Market Makers, ETF Pricing and Liquidity with Dan StanleyThis ETF provides physical exposure, by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). Get BMO Short Federal Bond Index ETF (ZFS:Toronto Stock Exchange) real-time stock quotes, news, price and financial information from CNBC. 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.