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Overview

Fund Profile

Key Facts

Fund Ticker ZHY
Net Assets (Mn)
(Mar 27, 2020)
$ 588.89
Base Currency CAD
Closing Market Price $ 11.30
12-Month Low/High (Market Price) $ 9.78 / $ 13.89
Closing NAV Price
(Mar 27, 2020)
$ 11.3960
12-Month Low/High (Price (NAV)) $ 10.4189 / $ 13.8452
Weighted Average Term (Years) 6.03
Weighted Average Coupon (%) 6.11%
Annualized Distribution Yield
(Mar 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.

7.30%
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.

11.19%
Weighted Average Duration (Years) 4.47
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.62%
Market Volume 84,635
Distribution Frequency Monthly
Options Available Yes
Inception Date Oct 20, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 51,675
Index Bloomberg Barclays U.S. High Yield Very Liquid Index CAD Hedged
Exchange TSX
CUSIP 05590B100
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

The BMO High Yield US Corporate Bond Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg Barclays Capital U.S. High Yield Very Liquid Index CAD Hedged net of expenses. The U.S. dollar currency exposure is hedged back to Canadian dollars. In addition, as ZHY may hold other underlying ETFs, the management fees charged are reduced by the management fees paid on the underlying ETFs, thereby not duplicating the management fees.

Benchmark Info

The Bloomberg Barclays Capital U.S. High Yield Very Liquid Index CAD Hedged is a more liquid version of the U.S. Corporate High Yield Index that consists of United States dollar-denominated, non-investment grade, fixed rate, taxable corporate bonds. In addition, each issue has a US$500 million minimum amount outstanding. Each security in the U.S. High Yield Very Liquid Index CAD Hedged is weighted by its relative market capitalization and rebalanced on a monthly basis. The U.S. dollar currency exposure is hedged back to Canadian dollars.

Fund Benefits

  • Designed for investors looking for higher income
  • Invested in a diversified portfolio of U.S. high yield corporate bonds
  • Includes bonds with greater than one year to maturity
  • Currency is hedged back to Canadian dollars
  • 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)
(Mar 27, 2020)
$ 588.89
Market Price $ 11.30
12-Month Low/High (Market Price) $ 9.78 / $ 13.89
Price (NAV) $ 11.3960
12-Month Low/High (Price (NAV)) $ 10.4189 / $ 13.8452
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 27, 2020)
1 Day Change 1 Day % Change
Market Price $ 11.30 $ 0.12 1.07%
Price (NAV) $ 11.3960 $ 0.1024 0.91%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 4.20% 3.56% 3.00% 3.03% 5.53% 5.69%
Index 4.81% 4.24% 3.76% 4.02% 6.89% 7.15%
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2020

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV -2.26% 13.59% -4.26% 5.38% 14.71% -6.70% 1.71% 6.42% 14.62% 4.85%
Index -2.08% 14.14% -3.48% 6.29% 16.14% -5.33% 2.81% 7.31% 15.94% 5.99%
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 28, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -2.26% -1.98% -0.39% 0.26% 4.20% 7.24% 9.27% 16.10% 71.23% 77.48%
Index -2.08% -1.84% -0.12% 0.69% 4.81% 8.65% 11.72% 21.78% 94.68% 104.59%

The ETF started tracking the Barclay Capital U.S. High Yield Very Liquid Index CAD Hedged on May 1, 2010.

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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)
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 0.065000 0.000000 0.065000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.120000 0.000000 0.120000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.065000 0.000000 0.065000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
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.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Mar 27, 2020

Fixed Income

104.83%

Stock

0.04%

Cash and Cash Equivalents

-4.87%

Number of Holdings

4

Total Net Assets

$ 583,594,448.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
104.83% BMO HIGH YIELD US CORPORATE BOND INDEX ETF CA05584J1012 35,063,290 CAD - - 643,831,079 - Fixed Income
0.03% CEVA HOLDINGS LLC A 2 PFD - 291 USD - - 162,181 - Stock
0.01% CEVA HOLDINGS LLC - 135 USD - - 74,922 - Stock
-4.87% CASH - 1 CAD - - -29,881,215 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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