Overview

Fund Profile

Key Facts

Portfolio Objective

BMO Floating Rate High Yield ETF provides exposure to high yield credit with minimal duration risks. The Fund invests in Canadian short term bonds to minimize interest rate risk and currency risk. To enhance the yield, the Fund gains exposure to a diversified basket of US high yield (non-investment grade) issuers through the use of credit default swaps (CDS). Exposure through CDS provides the fund with several benefits, including central clearing, liquidity, pricing transparency, counterparty assurance, and regulatory oversight.

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in Canadian federal bonds with an average of less than 90 days to maturity and exposed to a diversified portfolio of U.S. high yield corporate bond issuers
  • Professionally managed by BMO Global Asset Management

Risk Rating

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Price & Performance

Performance Chart

Growth of 10,000

Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.

Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 13.69 $ 0.06 0.44%
Price (NAV) $ 13.7466 $ 0.0042 0.03%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 29, 2022

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -2.65% 2.97% -0.09% 2.03% - 3.36%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 29, 2022

Table for calendar performance. For period ending
YTD 2021 2020 2019 2018 2017 2016 2015 2014
NAV -4.24% 4.14% -3.55% 11.10% 0.92% 5.46% 11.00% 1.54% 3.16%
Index - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 29, 2022

Table for cumulative performance. For period ending
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -4.24% 4.57% 0.37% -2.59% -2.65% 6.02% -0.26% 10.59% - 32.24%
Index - - - - - - - - - -

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Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

Download Distribution History (Excel)
Table for distribution history. For period ending
Distribution Period

Future distribution dates may change without any prior notice.

Footnote
Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Footnote
Total Distribution Per Unit
Jan, 2022 Jan 27, 2022 Jan 28, 2022 Feb 02, 2022 0.055000 0.000000 0.055000
Feb, 2022 Feb 24, 2022 Feb 25, 2022 Mar 02, 2022 0.055000 0.000000 0.055000
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.055000 0.000000 0.055000
Apr, 2022 Apr 27, 2022 Apr 28, 2022 May 03, 2022 0.055000 0.000000 0.055000
May, 2022 May 27, 2022 May 30, 2022 Jun 03, 2022 0.055000 0.000000 0.055000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.055000 0.000000 0.055000
Jul, 2022 Jul 27, 2022 Jul 28, 2022 Aug 03, 2022 0.055000 0.000000 0.055000
Aug, 2022 Aug 29, 2022 Aug 30, 2022 Sep 02, 2022 - - -
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Oct, 2022 Oct 27, 2022 Oct 28, 2022 Nov 02, 2022 - - -
Nov, 2022 Nov 28, 2022 Nov 29, 2022 Dec 02, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

Footnote
- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Aug 15, 2022

Fixed Income

28.58%

Stock

0.68%

Cash and Cash Equivalents

71.42%

Number of Holdings

8

Total Net Assets

$ 81,086,261.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 4 columns. Table columns are Weight (%), Name, ISIN, Base Market Value
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
54.09% CANADA T BILL 15Sep2022 CA1350Z7AN44 43,950,000 CAD 0.01 09/15/2022 43,862,904 - Cash and Cash Equivalents
50.14% S3603623 CDS USD R F 5.00000 - 30,343,500 USD 5.00 06/20/2027 40,658,353 - Fixed Income
45.81% S3916646 CDS USD R F 5.00000 - 27,720,000 USD 5.00 06/20/2027 37,148,508 - Fixed Income
25.05% CANADIAN TREASURY BILL .01% 08Dec2022 CA1350Z7AU86 20,500,000 CAD 0.01 12/08/2022 20,308,651 - Fixed Income
15.72% CANADA T BILL 13Oct2022 CA1350Z7AQ74 12,800,000 CAD 0.01 10/13/2022 12,747,717 - Cash and Cash Equivalents
-44.12% S3916646 CDS USD P V 03MEVENT - -27,720,000 USD 1.00 06/20/2027 -35,776,818 - Fixed Income
-48.30% S3603623 CDS USD P V 03MEVENT - -30,343,500 USD 1.00 06/20/2027 -39,162,838 - Fixed Income
1.60% CASH - 1 CAD - - 1,299,793 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 2 ranges. Ranges are: 96.33%, High Yield Credit Exposure.3.67%, Federal.

Geographic Allocation

has a donut chart divided into 2 ranges. Ranges are: 96.33%, United States.3.67%, Canada.

Credit Allocation

has a donut chart divided into 5 ranges. Ranges are: 4.53%, AAA.4.77%, BBB.46.78%, BB.28.64%, B.15.28%, CCC or below.

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