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BMO Floating Rate High Yield ETF

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Floating Rate Loan

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2024, 2021, 2020, 2019, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(06-13-2025) 		$14.85
Change
-$0.05 (-0.33%)

As at May 31, 2025

As at May 31, 2025

Period
Created with Highcharts 10.3.3Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2015Jan 2017Jan 2019Jan 2021Jan 2023Jan 2025Jan 2…$10,000$20,000$12,500$15,000$17,500$9,000$11,000$12,000$13,000$14,000Period

Legend

BMO Floating Rate High Yield ETF

Compare Options

Fund Returns

Inception Return (February 10, 2014): 5.18%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 2.78% 0.41% 1.44% 1.49% 7.95% 11.33% 10.19% 6.90% 7.60% 5.42% 5.25% 4.99% 5.58% 5.32%
Benchmark 0.79% 4.58% 8.50% 6.88% 12.43% 13.28% 13.56% 7.98% 8.17% 5.86% 5.55% 4.62% 5.44% 5.59%
Category Average 1.34% -0.26% 0.65% 0.22% 4.17% 6.75% 5.34% 3.49% 4.90% 2.98% 2.98% 3.09% 3.50% 3.00%
Category Rank 1 / 77 6 / 77 13 / 77 3 / 77 3 / 77 1 / 76 8 / 76 10 / 75 5 / 75 13 / 70 10 / 67 5 / 60 3 / 56 4 / 54
Quartile Ranking 1 1 1 1 1 1 1 1 1 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.23% 1.29% 0.91% 1.26% 0.41% 2.17% -0.05% 1.03% 0.04% -1.50% -0.80% 2.78%
Benchmark -0.30% 2.37% 0.46% 1.62% 0.99% -1.53% 1.52% 1.61% 0.58% 3.62% 0.14% 0.79%

Best Monthly Return Since Inception

5.46% (November 2020)

Worst Monthly Return Since Inception

-11.74% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 1.54% 11.00% 5.47% 0.95% 11.12% -3.56% 4.15% -0.10% 13.36% 11.47%
Benchmark 11.20% 4.59% 6.15% 2.81% 1.22% 5.27% -0.97% -0.86% 14.42% 11.13%
Category Average -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97% 6.92%
Quartile Ranking 2 1 2 3 1 4 2 2 1 1
Category Rank 17/ 54 7/ 55 21/ 58 40/ 67 1/ 69 75/ 75 37/ 75 20/ 75 2/ 76 10/ 77

Best Calendar Return (Last 10 years)

13.36% (2023)

Worst Calendar Return (Last 10 years)

-3.56% (2020)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 93.50
Derivatives 6.50

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 93.50
Other 6.50

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 18-Jun-2025 46.34
Canada Government 04-Jun-2025 30.62
S2679215 CDS USD R F 5.00000 590420516 CCPCDX 25.55
S2679216 CDS USD R F 5.00000 590420528 CCPCDX 24.30
S2679210 CDS USD R F 5.00000 590420474 CCPCDX 23.88
S2679211 CDS USD R F 5.00000 590420482 CCPCDX 22.78
Canada Government 24-Sep-2025 18.60
CANADIAN DOLLAR 0.03
US DOLLAR -2.09
S2679211 CDS USD P V 03MEVENT 590420481 CCPCDX -21.25

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: H.
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-2%0%2%4%6%8%10%12%14%

BMO Floating Rate High Yield ETF

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 6.14% 6.03% 6.50%
Beta 0.20% 0.29% 0.39%
Alpha 0.07% 0.05% 0.03%
Rsquared 0.04% 0.09% 0.20%
Sharpe 0.97% 0.84% 0.57%
Sortino 2.09% 1.35% 0.50%
Treynor 0.30% 0.18% 0.09%
Tax Efficiency 72.23% 68.06% 59.87%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.13% 6.14% 6.03% 6.50%
Beta -0.36% 0.20% 0.29% 0.39%
Alpha 0.12% 0.07% 0.05% 0.03%
Rsquared 0.16% 0.04% 0.09% 0.20%
Sharpe 1.02% 0.97% 0.84% 0.57%
Sortino 2.29% 2.09% 1.35% 0.50%
Treynor -0.12% 0.30% 0.18% 0.09%
Tax Efficiency 64.64% 72.23% 68.06% 59.87%

Fund Details

Start Date February 10, 2014
Instrument Type Exchange Traded Fund
Share Class Do-It-Yourself
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
N/A

Investment Objectives

BMO Floating Rate High Yield ETF provides exposure to high yield credit with minimal duration risks. The Fund invests in CAD T-Bills targeting an average weighted maturity of 90 days to minimize interest rate risk.

Investment Strategy

To enhance the yield, ZFH gains exposure to a diversified basket of US high yield (non-investment grade) issuers through the use of credit default swaps (CDS). Exposure through CDS provides the fund with several benefits, including central clearing, liquidity, pricing transparency, counterparty assurance, and regulatory oversight.

Portfolio Management

Portfolio Manager

BMO Asset Management Inc.
Sub-Advisor

-

Management and Organization

Fund Manager

BMO Asset Management Inc.
Custodian

State Street Trust Company Canada
Registrar

State Street Trust Company Canada
Distributor

-

Investment Minimums

RSP Eligible Yes
PAC Allowed No
PAC Initial Investment -
PAC Subsequent -
SWP Allowed No
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 0.45%
Management Fee 0.40%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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