Fund Profile
Key Facts
| Fund Ticker | ZHY |
|---|---|
|
Net Assets (Mn) (Aug 15, 2022) |
$ 749.85 |
| Base Currency | CAD |
| Closing Market Price | $ 11.57 |
| 12-Month Low/High (Market Price) | $ 10.71 / $ 13.32 |
|
Closing NAV Price (Aug 15, 2022) |
$ 11.5309 |
| 12-Month Low/High (Price (NAV)) | $ 10.6881 / $ 13.2421 |
| Weighted Average Term (Years) | 5.83 |
| Weighted Average Coupon (%) | 5.62% |
|
Annualized Distribution Yield (Aug 05, 2022) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. Footnote |
6.31% |
|
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 |
7.54% |
| Weighted Average Duration (Years) | 3.98 |
| Maximum Annual Management Fee | 0.55% |
| Management Expense Ratio | 0.61% |
| Market Volume | 57,576 |
| Distribution Frequency | Monthly |
| Options Available | Yes |
| Inception Date | Oct 20, 2009 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 65,030 |
| Index | Bloomberg 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 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 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
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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) (Aug 15, 2022) |
$ 749.85 |
|---|---|
| Market Price | $ 11.57 |
| 12-Month Low/High (Market Price) | $ 10.71 / $ 13.32 |
| Price (NAV) | $ 11.5309 |
| 12-Month Low/High (Price (NAV)) | $ 10.6881 / $ 13.2421 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Aug 15, 2022) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 11.57 | $ -0.04 | -0.34% |
| Price (NAV) | $ 11.5309 | $ 0.0094 | 0.08% |
Performance
Annualized Performance (%) for period ending: Jul 29, 2022
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | -8.77% | -0.82% | -0.17% | 1.01% | 3.10% | 4.49% |
| Index | -8.42% | -0.20% | 0.71% | 1.87% | 4.08% | 5.84% |
| Jul 29, 2022 |
Calendar Year Performance (%) for period ending: Jul 29, 2022
| YTD | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -9.51% | 3.71% | 2.88% | 13.59% | -4.26% | 5.38% | 14.71% | -6.70% | 1.71% | 6.42% |
| Index | -9.40% | 4.39% | 4.56% | 14.14% | -3.48% | 6.29% | 16.14% | -5.33% | 2.81% | 7.31% |
| Jul 29, 2022 |
Cumulative Performance (%) for period ending: Jul 29, 2022
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -9.51% | 6.72% | -0.93% | -6.79% | -8.77% | -1.64% | -0.51% | 5.16% | 35.64% | 75.32% |
| Index | -9.40% | 6.59% | -0.85% | -6.70% | -8.42% | -0.40% | 2.14% | 9.68% | 49.14% | 106.61% |
| Jul 29, 2022 |
The ETF started tracking the Barclay Capital U.S. High Yield Very Liquid Index CAD Hedged on May 1, 2010.
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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, 2022 | Jan 27, 2022 | Jan 28, 2022 | Feb 02, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Feb, 2022 | Feb 24, 2022 | Feb 25, 2022 | Mar 02, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Mar, 2022 | Mar 29, 2022 | Mar 30, 2022 | Apr 04, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Apr, 2022 | Apr 27, 2022 | Apr 28, 2022 | May 03, 2022 | 0.060000 | 0.000000 | 0.060000 |
| May, 2022 | May 27, 2022 | May 30, 2022 | Jun 03, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Jun, 2022 | Jun 28, 2022 | Jun 29, 2022 | Jul 05, 2022 | 0.060000 | 0.000000 | 0.060000 |
| Jul, 2022 | Jul 27, 2022 | Jul 28, 2022 | Aug 03, 2022 | 0.060000 | 0.000000 | 0.060000 |
| 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 | - | - | - |
| Year to Date | 0.420000 | 0.000000 | 0.420000 |
| 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 Aug 15, 2022
100.65%
0.04%
-0.69%
4
$ 749,854,402.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 100.65% | BMO HIGH YIELD US CORPORATE BOND INDEX ETF | CA05584J1012 | 45,219,489 | CAD | - | - | 784,627,320 | - | Fixed Income |
| 0.02% | CEVA HOLDINGS LLC A 2 PFD | - | 291 | USD | - | - | 193,077 | - | Stock |
| 0.01% | CEVA HOLDINGS LLC | - | 135 | USD | - | - | 89,195 | - | Stock |
| -0.69% | CASH | - | 1 | CAD | - | - | -5,340,963 | - | Cash and Cash Equivalents |
Holdings Breakdown
Sector Allocation
has a donut chart divided into 13 ranges. Ranges are: 22.04%, Consumer Cyclical.17.04%, Communications.13.08%, Consumer Non Cyclical.11.89%, Energy.8.83%, Capital Goods.6.87%, Technology.3.87%, Basic Industry.2.77%, Finance Companies.2.68%, Transportation.2.39%, Electric.0.78%, Industrial Other.0.68%, Banking.7.08%, Others.
Geographic Allocation
has a donut chart divided into 1 range. The range is: 100%, United States.
Maturity
has a donut chart divided into 3 ranges. Ranges are: 34.54%, 1-5 Years.64.68%, 5-10 Years.0.78%, 10-30 Years.
Credit Allocation
has a donut chart divided into 3 ranges. Ranges are: 49.08%, BB.38.25%, B.12.67%, 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.