Fund Profile
Key Facts
| Fund Ticker | ZHY |
|---|---|
| Net Assets (Mn) (Feb 14, 2020) |
$ 702.66 |
| Base Currency | CAD |
| Closing Market Price | $ 13.79 |
| 12-Month Low/High (Market Price) | $ 13.43 / $ 13.89 |
| Closing NAV Price (Feb 14, 2020) |
$ 13.7575 |
| 12-Month Low/High (Price (NAV)) | $ 13.4723 / $ 13.8452 |
| Weighted Average Term (Years) | 5.77 |
| Weighted Average Coupon (%) | 6.25% |
| Annualized Distribution Yield (Feb 07, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
7.45% |
| 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. |
5.15% |
| Weighted Average Duration (Years) | 2.95 |
| Maximum Annual Management Fee | 0.55% |
| Management Expense Ratio | 0.62% |
| Market Volume | 61,207 |
| Distribution Frequency | Monthly |
| Options Available | Yes |
| Inception Date | Oct 20, 2009 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 51,075 |
| 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$500 million minimum amount outstanding. Each security in the U.S. High Yield Very Liquid Index CAD Hedged is weighted by its relative market capitalization and rebalanced on a monthly basis. The U.S. dollar currency exposure is hedged back to Canadian dollars.
Fund Benefits
- Designed for investors looking for higher income
- Invested in a diversified portfolio of U.S. high yield corporate bonds
- Includes bonds with greater than one year to maturity
- Currency is hedged back to Canadian dollars
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Performance Details
| Fund Total Assets ($Mn) (Feb 14, 2020) |
$ 702.66 |
|---|---|
| Market Price | $ 13.79 |
| 12-Month Low/High (Market Price) | $ 13.43 / $ 13.89 |
| Price (NAV) | $ 13.7575 |
| 12-Month Low/High (Price (NAV)) | $ 13.4723 / $ 13.8452 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Feb 14, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 13.79 | $ 0.05 | 0.36% |
| Price (NAV) | $ 13.7575 | $ 0.0065 | 0.05% |
Performance
Annualized Performance (%) for period ending: Jan 31, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 8.03% | 4.02% | 4.19% | 3.97% | 5.79% | 5.94% |
| Index | 8.52% | 4.69% | 4.90% | 4.98% | 7.09% | 7.40% |
| Jan 31, 2020 |
Calendar Year Performance (%) for period ending: Jan 31, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -0.28% | 13.59% | -4.26% | 5.38% | 14.71% | -6.70% | 1.71% | 6.42% | 14.62% | 4.85% |
| Index | -0.24% | 14.14% | -3.48% | 6.29% | 16.14% | -5.33% | 2.81% | 7.31% | 15.94% | 5.99% |
| Jan 31, 2020 |
Cumulative Performance (%) for period ending: Jan 31, 2020
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -0.28% | -0.28% | 1.89% | 2.75% | 8.03% | 8.20% | 13.11% | 21.49% | 75.60% | 81.06% |
| Index | -0.24% | -0.24% | 2.11% | 3.04% | 8.52% | 9.59% | 15.44% | 27.49% | 98.39% | 108.43% |
| Jan 31, 2020 |
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. | 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 | - | 0.065000 |
| Feb, 2020 | Feb 26, 2020 | Feb 27, 2020 | Mar 03, 2020 | - | - | - |
| Mar, 2020 | Mar 27, 2020 | Mar 30, 2020 | Apr 02, 2020 | - | - | - |
| 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 | - | - | - |
| Year to Date | 0.065000 | 0.000000 | 0.065000 |
| 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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Daily Holdings
As of Feb 13, 2020
100.18%
0.04%
-0.22%
4
$ 702,663,241.00
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| Weight (%) | Name | ISIN | Par Value | Currency | Coupon | Maturity | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|---|
| 100.18% | BMO HIGH YIELD US CORPORATE BOND INDEX ETF | CA05584J1012 | 35,289,633 | CAD | - | - | 733,720,170 | - | Fixed Income |
| 0.02% | CEVA HOLDINGS LLC A 2 PFD | - | 291 | USD | - | - | 179,856 | - | Stock |
| 0.01% | CEVA HOLDINGS LLC | - | 135 | USD | - | - | 83,087 | - | Stock |
| -0.22% | CASH | - | 1 | CAD | - | - | -1,591,341 | - | Cash and Cash Equivalents |
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.