Fund Profile
Key Facts
| Fund Ticker | ZFH |
|---|---|
|
Net Assets (Mn) (Sep 29, 2023) |
$ 80.50 |
| Base Currency | CAD |
| Closing Market Price | $ 13.99 |
| 12-Month Low/High (Market Price) | $ 12.98 / $ 14.33 |
|
Closing NAV Price (Sep 29, 2023) |
$ 14.0090 |
| 12-Month Low/High (Price (NAV)) | $ 13.0680 / $ 14.3204 |
| Weighted Average Term (Years) | 4.84 |
| Weighted Average Coupon (%) | 9.88% |
|
Annualized Distribution Yield (Sep 15, 2023) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
8.89% |
|
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. Footnote |
9.35% |
| Weighted Average Duration (Years) | 0.24 |
| Maximum Annual Management Fee | 0.40% |
| Management Expense Ratio | 0.45% |
| Market Volume | 38,811 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Feb 10, 2014 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 5,747 |
| 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
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Performance Chart
Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.
Performance Details
| Fund Total Assets ($Mn) (Sep 29, 2023) |
$ 80.50 |
|---|---|
| Market Price | $ 13.99 |
| 12-Month Low/High (Market Price) | $ 12.98 / $ 14.33 |
| Price (NAV) | $ 14.0090 |
| 12-Month Low/High (Price (NAV)) | $ 13.0680 / $ 14.3204 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 29, 2023) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 13.99 | $ -0.08 | -0.57% |
| Price (NAV) | $ 14.0090 | $ -0.0308 | -0.22% |
Performance
Annualized Performance (%) for period ending: Aug 31, 2023
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 14.15% | 4.03% | 5.27% | 3.30% | - | 4.21% |
| Index | - | - | - | - | - | - |
| Aug 31, 2023 |
Calendar Year Performance (%) for period ending: Aug 31, 2023
| YTD | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 7.54% | -0.10% | 4.14% | -3.55% | 11.10% | 0.92% | 5.46% | 11.00% | 1.54% | 3.16% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 31, 2023 |
Cumulative Performance (%) for period ending: Aug 31, 2023
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 7.54% | 0.20% | 3.94% | 5.35% | 14.15% | 8.22% | 16.66% | 17.63% | - | 48.36% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 31, 2023 |
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Distribution History
| 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, 2023 | Jan 27, 2023 | Jan 30, 2023 | Feb 02, 2023 | 0.055000 | - | 0.055000 |
| Feb, 2023 | Feb 24, 2023 | Feb 27, 2023 | Mar 02, 2023 | 0.055000 | - | 0.055000 |
| Mar, 2023 | Mar 29, 2023 | Mar 30, 2023 | Apr 04, 2023 | 0.060000 | - | 0.060000 |
| Apr, 2023 | Apr 26, 2023 | Apr 27, 2023 | May 02, 2023 | 0.060000 | - | 0.060000 |
| May, 2023 | May 30, 2023 | May 31, 2023 | Jun 05, 2023 | 0.060000 | - | 0.060000 |
| Jun, 2023 | Jun 28, 2023 | Jun 29, 2023 | Jul 05, 2023 | 0.105000 | - | 0.105000 |
| Jul, 2023 | Jul 27, 2023 | Jul 28, 2023 | Aug 02, 2023 | 0.105000 | - | 0.105000 |
| Aug, 2023 | Aug 29, 2023 | Aug 30, 2023 | Sep 05, 2023 | 0.105000 | - | 0.105000 |
| Sep, 2023 | Sep 27, 2023 | Sep 28, 2023 | Oct 04, 2023 | 0.105000 | - | 0.105000 |
| Oct, 2023 | Oct 27, 2023 | Oct 30, 2023 | Nov 02, 2023 | - | - | - |
| Nov, 2023 | Nov 28, 2023 | Nov 29, 2023 | Dec 04, 2023 | - | - | - |
| Dec, 2023 | Dec 27, 2023 | Dec 28, 2023 | Jan 03, 2024 | - | - | - |
| Year to Date | 0.710000 | 0.000000 | 0.710000 |
| 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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Daily Holdings
As of Sep 29, 2023
0.86%
0.68%
99.14%
8
$ 80,504,571.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 48.51% | S6615674 CDS USD R F 5.00000 | - | 28,500,000 | USD | 5.00 | 12/20/2028 | 39,055,734 | - | Fixed Income |
| 48.17% | S6615484 CDS USD R F 5.00000 | - | 28,300,000 | USD | 5.00 | 12/20/2028 | 38,781,659 | - | Fixed Income |
| 46.97% | CANADA T BILL 26Oct2023 | CA1350Z7BX17 | 37,950,000 | CAD | 0.01 | 10/26/2023 | 37,811,672 | - | Cash and Cash Equivalents |
| 32.26% | CANADA T BILL 04Jan2024 | CA1350Z7BQ65 | 26,325,000 | CAD | 0.01 | 01/04/2024 | 25,972,034 | - | Cash and Cash Equivalents |
| 17.79% | CANADA T BILL 09Nov2023 | CA1350Z7BL78 | 14,400,000 | CAD | 0.01 | 11/09/2023 | 14,319,903 | - | Cash and Cash Equivalents |
| -47.75% | S6615484 CDS USD P V 03MEVENT | - | -28,300,000 | USD | 1.00 | 12/20/2028 | -38,438,475 | - | Fixed Income |
| -48.08% | S6615674 CDS USD P V 03MEVENT | - | -28,500,000 | USD | 1.00 | 12/20/2028 | -38,710,125 | - | Fixed Income |
| 2.13% | CASH | - | 1 | CAD | - | - | 1,712,179 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 2 ranges. Ranges are: 97.68%, High Yield Credit Exposure.2.32%, Federal.
Geographic Allocation
has a donut chart divided into 2 ranges. Ranges are: 97.68%, United States.2.32%, Canada.
Credit Allocation
has a donut chart divided into 5 ranges. Ranges are: 2.34%, AAA.1.97%, BBB.52.28%, BB.28.61%, B.14.8%, CCC or below.
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.