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Overview

Fund Profile

Key Facts

Fund Ticker ZHY
Net Assets (Mn)
(Jan 18, 2019)
$ 1,020.71
Base Currency CAD
Closing Market Price $ 13.44
12-Month Low/High (Market Price) $ 12.80 / $ 14.35
Closing NAV Price
(Jan 18, 2019)
$ 13.4260
12-Month Low/High (Price (NAV)) $ 12.7960 / $ 14.3459
Weighted Average Term (Years) 5.87
Weighted Average Coupon (%) 6.28%
Annualized Distribution Yield
(Jan 11, 2019)

Annualized Distribution Yield: The most recent regular distribution (excluding year end distributions for those ETFs that distribute more frequently) annualized for frequency divided by current NAV.

9.46%
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.

7.08%
Weighted Average Duration (Years) 3.90
Maximum Annual Management Fee 0.55%
Management Expense Ratio 0.62%
Market Volume 43,022
Distribution Frequency Monthly
Options Available Yes
Inception Date Oct 20, 2009
Fiscal Year-End December 31
Units Outstanding (000's) 76,025
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)
(Jan 18, 2019)
$ 1,020.71
Market Price $ 13.44
12-Month Low/High (Market Price) $ 12.80 / $ 14.35
Price (NAV) $ 13.4260
12-Month Low/High (Price (NAV)) $ 12.7960 / $ 14.3459
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Jan 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 13.44 $ 0.08 0.60%
Price (NAV) $ 13.4260 $ 0.0432 0.32%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Dec 31, 2018

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -4.26% 0.45% 4.99% 1.89% - 5.23%
Index -3.48% 1.29% 6.02% 3.01% - 6.79%
Calendar Performance

Calendar Year Performance (%) for period ending: Dec 31, 2018

YTD 2017 2016 2015 2014 2013 2012 2011 2010 2009
NAV -4.26% 5.38% 14.71% -6.70% 1.71% 6.42% 14.62% 4.85% 10.29% 3.18%
Index -3.48% 6.29% 16.14% -5.33% 2.81% 7.31% 15.94% 5.99% 14.70% 4.37%
Cumulative Performance

Cumulative Performance (%) for period ending: Dec 31, 2018

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -4.26% -2.66% -5.24% -3.16% -4.26% 0.89% 15.74% 9.83% - 59.85%
Index -3.48% -2.49% -5.04% -2.77% -3.48% 2.59% 19.15% 15.97% - 83.05%

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, 2019 Jan 29, 2019 Jan 30, 2019 Feb 04, 2019 - - -
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 - - -
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 - - -
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 - - -
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 - - -
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 - - -
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 - - -
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 - - -
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 Jan 18, 2019

Stock

97.41%

Fixed Income

-

Cash and Cash Equivalents

2.59%

Number of Holdings

4

Total Net Assets

$ 1,020,711,627.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Par Value Currency Coupon Maturity Base Market Value Sector Asset Class
97.38% BMO HIGH YIELD US CORPORATE BOND INDEX ETF CA05584J1012 50,866,050 CAD - - 1,020,457,909 - Stock
0.02% CEVA HOLDINGS LLC A 2 PFD - 291 USD - - 238,114 - Stock
0.01% CEVA HOLDINGS LLC - 135 USD - - 110,000 - Stock
2.59% CASH - 1 CAD - - 27,097,908 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Maturity

Credit Allocation

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