loading...
Overview

Fund Profile

Key Facts

Fund Ticker ZFH
Net Assets (Mn)
(Nov 30, 2020)
$ 185.76
Base Currency CAD
Closing Market Price $ 14.50
12-Month Low/High (Market Price) $ 12.46 / $ 15.89
Closing NAV Price
(Nov 30, 2020)
$ 14.5084
12-Month Low/High (Price (NAV)) $ 12.5555 / $ 15.8453
Weighted Average Term (Years) 4.86
Weighted Average Coupon (%) 4.77%
Annualized Distribution Yield
(Nov 20, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

4.61%
Weighted Average Yield to Maturity (%)

Weighted Average Yield to Maturity: The market value weighted average yield to maturity includes the coupon payments and any capital gain or loss that the investor will realize by holding the bonds to maturity.

3.36%
Weighted Average Duration (Years) 0.26
Maximum Annual Management Fee 0.40%
Management Expense Ratio 0.44%
Market Volume 327,589
Distribution Frequency Monthly
Options Available No
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 12,804
Index -
Exchange TSX
CUSIP 05579G104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

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

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

Download

Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Nov 30, 2020)
$ 185.76
Market Price $ 14.50
12-Month Low/High (Market Price) $ 12.46 / $ 15.89
Price (NAV) $ 14.5084
12-Month Low/High (Price (NAV)) $ 12.5555 / $ 15.8453
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Nov 30, 2020)
1 Day Change 1 Day % Change
Market Price $ 14.50 $ 0.02 0.14%
Price (NAV) $ 14.5084 $ 0.0270 0.19%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Oct 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -7.16% -0.47% 0.81% 3.39% - 3.38%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Oct 30, 2020

YTD 2019 2018 2017 2016 2015 2014
NAV -9.07% 11.10% 0.92% 5.46% 11.00% 1.54% 3.16%
Index - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Oct 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -9.07% -0.28% 0.24% 3.54% -7.16% -0.95% 2.46% 18.12% - 25.02%
Index - - - - - - - - - -

Download

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)
Distribution Period

Future distribution dates may change without any prior notice.

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.

Total Distribution Per Unit
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.055000 0.000000 0.055000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.058000 0.000000 0.058000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.055000 0.000000 0.055000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.055000 0.000000 0.055000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.055000 0.000000 0.055000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.055000 0.000000 0.055000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.055000 0.000000 0.055000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.055000 0.000000 0.055000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.055000 0.000000 0.055000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.055000 0.000000 0.055000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.055000 0.000000 0.055000
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
Download Distribution Tax (Excel)
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.

- - - - - - - - -

Download

Holdings & Allocations

Daily Holdings

As of Nov 30, 2020

Fixed Income

11.59%

Cash and Cash Equivalents

88.41%

Number of Holdings

64

Total Net Assets

$ 185,760,226.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
36.00% CANADA T BILL 15Apr2021 CA1350Z78H05 66,900,000 CAD 0.01 04/15/2021 66,869,512 - Cash and Cash Equivalents
34.07% S1379565 CDS USD R F 5.00000 - 44,390,000 USD 5.00 06/20/2025 63,293,920 - Fixed Income
34.03% CANADA T BILL 04Mar2021 CA1350Z76P49 63,250,000 CAD 0.01 03/04/2021 63,221,789 - Cash and Cash Equivalents
31.34% S1711955 CDS USD R F 5.00000 - 40,750,000 USD 5.00 12/20/2025 58,212,707 - Fixed Income
28.25% S1379563 CDS USD R F 5.00000 - 36,800,000 USD 5.00 06/20/2025 52,471,644 - Fixed Income
28.25% S1379564 CDS USD R F 5.00000 - 36,800,000 USD 5.00 06/20/2025 52,471,644 - Fixed Income
27.05% CANADA T BILL 10Dec2020 CA1350Z76E91 50,250,000 CAD 0.01 12/10/2020 50,247,600 - Cash and Cash Equivalents
26.21% B1711871 CDS USD R V 03MEVENT - 37,490,000 USD 1.00 06/20/2025 48,688,263 - Fixed Income
23.07% S1711799 CDS USD R F 5.00000 - 30,000,000 USD 5.00 12/20/2025 42,855,980 - Fixed Income
23.07% S1711868 CDS USD R F 5.00000 - 30,000,000 USD 5.00 12/20/2025 42,855,980 - Fixed Income
23.07% S1711869 CDS USD R F 5.00000 - 30,000,000 USD 5.00 12/20/2025 42,855,980 - Fixed Income
23.07% S1711957 CDS USD R F 5.00000 - 30,000,000 USD 5.00 12/20/2025 42,855,980 - Fixed Income
19.30% B1711800 CDS USD R V 03MEVENT - 27,600,000 USD 1.00 06/20/2025 35,844,120 - Fixed Income
19.30% B1711801 CDS USD R V 03MEVENT - 27,600,000 USD 1.00 06/20/2025 35,844,120 - Fixed Income
19.30% B1711870 CDS USD R V 03MEVENT - 27,600,000 USD 1.00 06/20/2025 35,844,120 - Fixed Income
19.30% B1711956 CDS USD R V 03MEVENT - 27,600,000 USD 1.00 06/20/2025 35,844,120 - Fixed Income
18.88% B1722575 CDS USD R V 03MEVENT - 27,000,000 USD 1.00 12/20/2025 35,064,900 - Fixed Income
9.79% B1713239 CDS USD R V 03MEVENT - 14,000,000 USD 1.00 12/20/2025 18,181,800 - Fixed Income
8.47% S1486681 CDS USD R F 5.00000 - 11,040,000 USD 5.00 06/20/2025 15,741,493 - Fixed Income
7.06% S1594218 CDS USD R F 5.00000 - 9,200,000 USD 5.00 06/20/2025 13,119,598 - Fixed Income
4.50% B1428415 CDS USD R V 03MEVENT - 6,440,000 USD 1.00 06/20/2025 8,363,628 - Fixed Income
4.34% B1404620 CDS USD R V 03MEVENT - 6,210,000 USD 1.00 06/20/2025 8,064,927 - Fixed Income
4.24% S1394893 CDS USD R F 5.00000 - 5,520,000 USD 5.00 06/20/2025 7,870,747 - Fixed Income
3.53% S1567008 CDS USD R F 5.00000 - 4,600,000 USD 5.00 06/20/2025 6,558,955 - Fixed Income
3.22% B1435611 CDS USD R V 03MEVENT - 4,600,000 USD 1.00 06/20/2025 5,974,020 - Fixed Income
2.83% S1605330 CDS USD R F 5.00000 - 3,680,000 USD 5.00 06/20/2025 5,247,839 - Fixed Income
2.82% S1516011 CDS USD R F 5.00000 - 3,680,000 USD 5.00 06/20/2025 5,247,164 - Fixed Income
2.31% S1738878 CDS USD R F 5.00000 - 3,000,000 USD 5.00 12/20/2025 4,285,439 - Fixed Income
2.12% S1494451 CDS USD R F 5.00000 - 2,760,000 USD 5.00 06/20/2025 3,935,373 - Fixed Income
2.12% S1516735 CDS USD R F 5.00000 - 2,760,000 USD 5.00 06/20/2025 3,935,373 - Fixed Income
2.12% S1660234 CDS USD R F 5.00000 - 2,760,000 USD 5.00 06/20/2025 3,935,879 - Fixed Income
1.54% S1762423 CDS USD R F 5.00000 - 2,000,000 USD 5.00 12/20/2025 2,856,875 - Fixed Income
0.88% S1665859 CDS USD R F 5.00000 - 1,150,000 USD 5.00 06/20/2025 1,639,950 - Fixed Income
-0.80% S1665859 CDS USD P V 03MEVENT - -1,150,000 USD 1.00 06/20/2025 -1,493,505 - Fixed Income
-1.40% S1762423 CDS USD P V 03MEVENT - -2,000,000 USD 1.00 12/20/2025 -2,597,400 - Fixed Income
-1.93% S1494451 CDS USD P V 03MEVENT - -2,760,000 USD 1.00 06/20/2025 -3,584,412 - Fixed Income
-1.93% S1516735 CDS USD P V 03MEVENT - -2,760,000 USD 1.00 06/20/2025 -3,584,412 - Fixed Income
-1.93% S1660234 CDS USD P V 03MEVENT - -2,760,000 USD 1.00 06/20/2025 -3,584,412 - Fixed Income
-2.10% S1738878 CDS USD P V 03MEVENT - -3,000,000 USD 1.00 12/20/2025 -3,896,100 - Fixed Income
-2.57% S1516011 CDS USD P V 03MEVENT - -3,680,000 USD 1.00 06/20/2025 -4,779,216 - Fixed Income
-2.57% S1605330 CDS USD P V 03MEVENT - -3,680,000 USD 1.00 06/20/2025 -4,779,216 - Fixed Income
-3.22% S1567008 CDS USD P V 03MEVENT - -4,600,000 USD 1.00 06/20/2025 -5,974,020 - Fixed Income
-3.47% B1435611 CDS USD P F 5.00000 - -4,600,000 USD 5.00 06/20/2025 -6,441,098 - Fixed Income
-3.86% S1394893 CDS USD P V 03MEVENT - -5,520,000 USD 1.00 06/20/2025 -7,168,824 - Fixed Income
-4.68% B1404620 CDS USD P F 5.00000 - -6,210,000 USD 5.00 06/20/2025 -8,695,482 - Fixed Income
-4.85% B1428415 CDS USD P F 5.00000 - -6,440,000 USD 5.00 06/20/2025 -9,017,536 - Fixed Income
-6.43% S1594218 CDS USD P V 03MEVENT - -9,200,000 USD 1.00 06/20/2025 -11,948,040 - Fixed Income
-7.72% S1486681 CDS USD P V 03MEVENT - -11,040,000 USD 1.00 06/20/2025 -14,337,648 - Fixed Income
-10.57% B1713239 CDS USD P F 5.00000 - -14,000,000 USD 5.00 12/20/2025 -19,635,500 - Fixed Income
-20.39% B1722575 CDS USD P F 5.00000 - -27,000,000 USD 5.00 12/20/2025 -37,868,989 - Fixed Income
-20.80% B1711800 CDS USD P F 5.00000 - -27,600,000 USD 5.00 06/20/2025 -38,641,422 - Fixed Income
-20.80% B1711801 CDS USD P F 5.00000 - -27,600,000 USD 5.00 06/20/2025 -38,641,422 - Fixed Income
-20.80% B1711870 CDS USD P F 5.00000 - -27,600,000 USD 5.00 06/20/2025 -38,641,422 - Fixed Income
-20.80% B1711956 CDS USD P F 5.00000 - -27,600,000 USD 5.00 06/20/2025 -38,641,422 - Fixed Income
-20.97% S1711799 CDS USD P V 03MEVENT - -30,000,000 USD 1.00 12/20/2025 -38,961,000 - Fixed Income
-20.97% S1711868 CDS USD P V 03MEVENT - -30,000,000 USD 1.00 12/20/2025 -38,961,000 - Fixed Income
-20.97% S1711869 CDS USD P V 03MEVENT - -30,000,000 USD 1.00 12/20/2025 -38,961,000 - Fixed Income
-20.97% S1711957 CDS USD P V 03MEVENT - -30,000,000 USD 1.00 12/20/2025 -38,961,000 - Fixed Income
-25.73% S1379563 CDS USD P V 03MEVENT - -36,800,000 USD 1.00 06/20/2025 -47,792,160 - Fixed Income
-25.73% S1379564 CDS USD P V 03MEVENT - -36,800,000 USD 1.00 06/20/2025 -47,792,160 - Fixed Income
-28.26% B1711871 CDS USD P F 5.00000 - -37,490,000 USD 5.00 06/20/2025 -52,487,931 - Fixed Income
-28.49% S1711955 CDS USD P V 03MEVENT - -40,750,000 USD 1.00 12/20/2025 -52,922,025 - Fixed Income
-31.03% S1379565 CDS USD P V 03MEVENT - -44,390,000 USD 1.00 06/20/2025 -57,649,293 - Fixed Income
-8.67% CASH - 1 CAD - - -16,102,183 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Credit Allocation

Download