Key stats
About BMO FLOATING RATE HIGH YIELD ETF FLOATING RATE HIGH YIELD ETF CAD
Expense ratio
0.51%
Home page
Inception date
Feb 10, 2014
The fund actively manages a portfolio of Canadian government short-term bonds to minimize interest rate and currency risk while holding credit default swaps (CDS) to enhance yields. The CDS provide exposure to a diversified basket of US high yield or non-investment grade issuers. The CDS is believed to benefit the fund by having a central clearing, liquidity, pricing transparency, counterparty assurance, and regulatory oversight. ZFH may invest in the following securities to achieve its objectives: other ETFs, mutual funds or other investment funds and derivatives, such as, indices of CDS, and interest rate swaps.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government96.09%
Miscellaneous6.61%
Cash−2.71%