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Overview

Fund Profile

Key Facts

Fund Ticker ZFH
Net Assets (Mn)
(Sep 18, 2019)
$ 134.58
Base Currency CAD
Closing Market Price $ 15.59
12-Month Low/High (Market Price) $ 14.76 / $ 15.76
Closing NAV Price
(Sep 18, 2019)
$ 15.6061
12-Month Low/High (Price (NAV)) $ 14.7063 / $ 15.6791
Weighted Average Term (Years) 4.51
Weighted Average Coupon (%) 4.72%
Annualized Distribution Yield
(Sep 13, 2019)

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

4.46%
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.

4.47%
Weighted Average Duration (Years) 0.14
Maximum Annual Management Fee 0.40%
Management Expense Ratio 0.45%
Market Volume 39,210
Distribution Frequency Monthly
Options Available No
Inception Date Feb 10, 2014
Fiscal Year-End December 31
Units Outstanding (000's) 8,624
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

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Sep 18, 2019)
$ 134.58
Market Price $ 15.59
12-Month Low/High (Market Price) $ 14.76 / $ 15.76
Price (NAV) $ 15.6061
12-Month Low/High (Price (NAV)) $ 14.7063 / $ 15.6791
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 15.59 $ -0.03 -0.19%
Price (NAV) $ 15.6061 $ 0.0025 0.02%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.98% 5.16% 5.87% 5.26% - 5.18%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017 2016 2015 2014
NAV 6.99% 0.92% 5.46% 11.00% 1.54% 3.16%
Index - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Aug 30, 2019

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 6.99% -0.14% 2.71% 2.93% 4.98% 10.59% 18.66% 29.19% - 32.41%
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.

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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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 0.055000 0.000000 0.055000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.055000 0.000000 0.055000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.055000 0.000000 0.055000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.055000 0.000000 0.055000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.058000 0.000000 0.058000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.058000 0.000000 0.058000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.058000 0.000000 0.058000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.058000 0.000000 0.058000
Sep, 2019 Sep 26, 2019 Sep 27, 2019 Oct 02, 2019 - - -
Oct, 2019 Oct 29, 2019 Oct 30, 2019 Nov 04, 2019 - - -
Nov, 2019 Nov 27, 2019 Nov 28, 2019 Dec 03, 2019 - - -
Dec, 2019 Dec 27, 2019 Dec 30, 2019 Jan 03, 2020 - - -
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.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Sep 18, 2019

Fixed Income

7.76%

Cash and Cash Equivalents

92.24%

Number of Holdings

6

Total Net Assets

$ 134,581,397.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
95.48% ST1853232 CDS USD R F 5.00000 - 88,852,500 USD 5.00 06/20/2024 128,496,072 - Fixed Income
52.30% CANADA T BILL 19Sep2019 CA1350Z73W27 70,380,000 CAD 0.01 09/19/2019 70,380,000 - Cash and Cash Equivalents
32.99% CANADA T BILL 23Jan2020 CA1350Z75J97 44,650,000 CAD 0.01 01/23/2020 44,399,100 - Cash and Cash Equivalents
4.07% CANADA T BILL 27Dec2019 CA1350Z75G58 5,500,000 CAD 0.01 12/27/2019 5,474,752 - Cash and Cash Equivalents
-87.72% ST1853232 CDS USD P V 03MEVENT - -88,852,500 USD 1.00 06/20/2024 -118,049,431 - Fixed Income
2.88% CASH - 1 CAD - - 3,880,905 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Credit Allocation

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