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BMO Floating Rate High Yield ETF
Floating Rate Loan
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2021, 2020, 2019
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|
NAVPS (11-03-2026) |
$14.87 |
|---|---|
| Change |
$0.01
(0.08%)
|
As at September 30, 2026
As at September 30, 2026
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Legend
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Fund Returns
Inception Return (February 10, 2014): 5.27%
| 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 | -0.64% | 0.06% | 3.77% | 2.48% | 4.09% | 6.06% | 9.01% | 10.26% | 6.92% | 7.29% | 5.26% | 5.18% | 5.26% | 5.43% |
| Benchmark | 0.33% | 0.38% | 3.73% | 2.68% | 1.33% | 7.87% | 10.25% | 13.08% | 7.32% | 7.01% | 6.36% | 5.72% | 5.29% | 5.32% |
| Category Average | -0.04% | 1.08% | 2.56% | 2.45% | 2.71% | 3.25% | 4.55% | 5.67% | 3.31% | 3.95% | 3.06% | 2.94% | 3.10% | 3.26% |
| Category Rank | 79 / 80 | 74 / 80 | 14 / 80 | 49 / 80 | 20 / 80 | 10 / 76 | 3 / 75 | 1 / 75 | 10 / 74 | 3 / 74 | 15 / 70 | 11 / 67 | 11 / 66 | 5 / 57 |
| Quartile Ranking | 4 | 4 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.28% | 0.61% | 0.67% | 0.43% | -0.97% | -0.70% | 2.62% | 0.72% | 0.34% | 0.08% | 0.63% | -0.64% |
| Benchmark | -1.40% | 0.48% | -0.39% | -0.04% | -0.27% | -0.70% | 0.63% | 1.25% | 1.42% | 0.03% | 0.02% | 0.33% |
Best Monthly Return Since Inception
5.46% (November 2020)
Worst Monthly Return Since Inception
-11.74% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 11.00% | 5.47% | 0.95% | 11.12% | -3.56% | 4.15% | -0.10% | 13.36% | 11.47% | 7.04% |
| Benchmark | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% | 12.24% |
| Category Average | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% | 1.90% |
| Quartile Ranking | 1 | 2 | 3 | 1 | 4 | 2 | 2 | 1 | 1 | 1 |
| Category Rank | 7/ 54 | 21/ 57 | 40/ 66 | 1/ 68 | 74/ 74 | 37/ 74 | 21/ 74 | 2/ 75 | 10/ 76 | 1/ 80 |
Best Calendar Return (Last 10 years)
13.36% (2023)
Worst Calendar Return (Last 10 years)
-3.56% (2020)
Asset Allocation
| Name | Percent |
|---|---|
| Cash and Equivalents | 93.77 |
| Derivatives | 6.23 |
Sector Allocation
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 93.77 |
| Other | 6.23 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 0.00% 16-Dec-2026 | 42.81 |
| Canada Government 0.00% 07-Oct-2026 | 33.75 |
| S6679824 CDS USD R F 5.00000 810776104 CCPCDX | 30.35 |
| S6680013 CDS USD R F 5.00000 810776097 CCPCDX | 26.21 |
| Canada Government 0.00% 24-Feb-2027 | 22.57 |
| S6679823 CDS USD R F 5.00000 810775990 CCPCDX | 19.01 |
| S6679822 CDS USD R F 5.00000 810781869 CCPCDX | 17.05 |
| S6680605 CDS USD R F 5.00000 810775983 CCPCDX | 3.40 |
| S6679609 CDS USD R F 5.00000 810445072 CCPCDX | 2.55 |
| CANADIAN DOLLAR | 0.03 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
BMO Floating Rate High Yield ETF
Median
Other - Floating Rate Loan
3 Yr Annualized
| Standard Deviation | 4.02% | 5.49% | 6.33% |
|---|---|---|---|
| Beta | 0.10 | 0.29 | 0.45 |
| Alpha | 0.08 | 0.05 | 0.03 |
| Rsquared | 0.01% | 0.11% | 0.25% |
| Sharpe | 1.35 | 0.70 | 0.56 |
| Sortino | 3.38 | 1.19 | 0.53 |
| Treynor | 0.55 | 0.13 | 0.08 |
| Tax Efficiency | 70.39% | 64.32% | 60.48% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.21% | 4.02% | 5.49% | 6.33% |
| Beta | 0.40 | 0.10 | 0.29 | 0.45 |
| Alpha | 0.04 | 0.08 | 0.05 | 0.03 |
| Rsquared | 0.12% | 0.01% | 0.11% | 0.25% |
| Sharpe | 0.57 | 1.35 | 0.70 | 0.56 |
| Sortino | 0.59 | 3.38 | 1.19 | 0.53 |
| Treynor | 0.05 | 0.55 | 0.13 | 0.08 |
| Tax Efficiency | 51.60% | 70.39% | 64.32% | 60.48% |
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) | $266 |
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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