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About BMO SHRT TRM US IG CORP BD HDG CAD SERIES ETF UNITS
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Inception date
Feb 10, 2014
Structure
Canadian Mutual Fund Trust (ON)
Bloomberg Barclays U.S. Investment Grade 1 to 5 Year Corporate Bond Capped Hedged to CAD Index- CAD
Distributes
Capital Gains
Tax on distributions
Return of Capital
Primary advisor
BMO Asset Management, Inc.
The fund provides exposure to short-term, USD-denominated, fixed-rate, taxable corporate bonds. The index holds investment-grade securities with 1-5 year remaining to maturity. Securities are weighted by market value and includes the three largest issues from each issuer. The index undergoes monthly rebalance and uses derivative instruments to hedge the USD currency exposure back to the Canadian dollar. The fund aims to hold the constituent securities of the index, but the Manager may also use a sampling methodology in selecting investments which uses quantitative analysis to select bonds that resemble index constituents in terms of key risk factors, performance attributes, industry weightings, market capitalization and other appropriate financial characteristics.
Classification
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.63%
Cash0.37%
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