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Options Trading: Understanding Option PricesBMO Mortgage and Short-Term Income Fund. The Fund invests in short-term, high-quality Canadian government and corporate bonds and mortgage-backed securities. The Fund invests in a variety of mortgage backed securities with a term to maturity greater than one year. Mortgages held within the Index are guaranteed by the. ZMBS Portfolio - Learn more about the BMO Canadian MBS ETF investment portfolio including asset allocation, stock style, stock holdings and more.