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Fund Price: $16.10 (as at July 22, 2014)  1-day chg: $.0114 0.07%  YTD: 4.31%

Returns as at June 30, 2014

  Fund Group Avg Index*
1 Month 0.85% 0.52% 0.52%
3 Months 2.27% 1.84% 1.83%
6 Months 5.07% 4.48% 4.43%
1 Year 12.89% 8.18% 8.19%
2 Year Avg 10.43% 6.76% 6.94%
3 Year Avg 9.19% 5.78% 5.94%
4 Year Avg 10.53% 7.07% 6.69%
5 Year Avg - 8.46% 8.45%
10 Year Avg - 5.14% 4.97%
15 Year Avg - 4.92% 4.80%
20 Year Avg - 6.46% 5.38%
Since Inception 9.73% - -
 
2013 7.55% 3.16% 3.45%
2012 14.62% 10.78% 11.05%
2011 4.85% 3.05% 2.12%
 
3 year risk 7.50 5.24 4.33
3 year beta 1.65 0.97 1.00

*Globe High Yield Fixed Income Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe High Yield Fixed Income Peer Index.

Risk Measures as at June 30, 2014

Best/Worst 12 months (since inception)
Best (ending Sep 12): 19.16 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Sep 11): -0.62 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 8 High

Fund Objectives

The BMO High Yield US Corporate Bond Hedged to CAD ETF has been designed to replicate, to the extent possible, the performance of the broad United States high yield corporate bond market. The BMO High Yield US Corporate Bond Hedged to CAD ETF will generally reflect the exposure from an investment in high yield corporate bonds issued in the United States (in United States dollars) with a term to maturity primarily greater than one year and a credit rating below investment grade. Securities held in the fund will be selected in such manner as the Manager determines from time to time to best represent the broad United States high yield corporate bond market.

Fund Facts

Fund Sponsor: BMO Asset Management Inc.
Managed by: Jones Heward Investment Counsel
Fund Type: MF Trust
Inception Date: October 2009
Asset Class: High Yield Fixed Income
Quartile Rank: 1 (3YR ending June 30, 2014)
Total Assets: $1,123.0 million
Mgmt Exp. Ratio (MER): 0.62%
Management Fee: 0.65%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
-
Subsequent:
-
Min. Invest (initial RRSP):
-
Subsequent RRSP:
-
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation June 30, 2014

Bond Type June 30, 2014

Bond Term June 30, 2014

Top Holdings as at June 30, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at July 23, 2014
1 Year Performance (%)
JNK-N SPDR Barclays High Yield Bond Investment Companies and Funds United States Stock 1.88   1.47 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  First Data Corp., 12.63%, JAN/15/21 Bond 0.94   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  HCA Inc., 6.50%, FEB/15/20 Bond 0.78   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Royal Bank Scotland Group PLC, 6.13%, DEC/15/22 Bond 0.69   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sprint Corporation, 9.00%, NOV/15/18 Bond 0.66   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Reynolds Group Issuer, 5.75%, OCT/15/20 Bond 0.62   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Dish DBS, 6.75%, JUN/01/21 Bond 0.6   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  CIT Group, 5.50%, FEB/15/19 Bond 0.6   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Chrysler Group, 8.25%, JUN/15/21 Bond 0.6   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Heinz, 4.25%, OCT/15/20 Bond 0.59   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Numericable Finance & Co., 6.00%, MAY/15/22 Bond 0.58   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Wind Acquisition Financial SA, 7.38%, APR/23/21 Bond 0.57   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Sprint Corporation, 7.88%, SEP/15/23 Bond 0.55   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Case New Holland Inc., 7.88%, DEC/01/17 Bond 0.52   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Community Health Systems, 8.00%, NOV/15/19 Bond 0.51   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to July 23, 2014)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Annually

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Jun 25, 2014 0.0790 0.0790 1.1820 16.233
May 27, 2014 0.0810 0.0810 1.1870 16.130
Apr 25, 2014 0.0810 0.0810 1.1930 16.091
Mar 26, 2014 0.0810 0.0810 1.1990 16.077
Feb 25, 2014 0.0810 0.0810 1.2050 16.099
Jan 30, 2014 0.0810 0.0810 1.2110 15.939
Dec 24, 2013 0.1100 0.1100 1.2170 15.878
Nov 26, 2013 0.0840 0.0840 1.1970 15.908
Nov 6, 2013 0.0840 0.0840 1.1130 15.927
Oct 28, 2013 0.0840 0.0840 1.1190 15.923
Oct 4, 2013 0.0840 0.0840 1.0350 15.698
Sep 25, 2013 0.0840 0.0840 1.0410 15.679
Aug 27, 2013 0.0840 0.0840 1.0490 15.495
Jul 26, 2013 0.0840 0.0840 1.0610 15.756
Jun 25, 2013 0.0840 0.0840 1.0730 15.293
May 28, 2013 0.0870 0.0870 1.0850 16.158
Apr 25, 2013 0.0870 0.0870 1.0960 16.185
Mar 25, 2013 0.0870 0.0870 1.1070 16.041
Feb 25, 2013 0.0870 0.0870 1.1180 15.949

Portfolio Manager(s)

Rob Bechard

Jones Heward Investment Counsel

Start Date: May, 2010

Fund Return: 11.23%

Rob Bechard has been in the investment industry since 1998. Prior to joining BMO, Rob was a fixed income portfolio manager at Barclays Global Investors for 7 years in both their London (UK) and Toronto offices. In addition to his fixed income expertise, Rob has worked extensively on synthetic equity and currency hedged portfolios. Rob holds a BSc in mathematics from Queen�s University, Kingston, Canada and an MSc in mathematical trading and finance from City University Business School, London, England. He also has received his CFA designation.

Also manages:BMO Emerging Markets Equity ETF, BMO International Equity Index ETF, BMO S&P/TSX EW Banks Index ETF, BMO S&P/TSX EW Gbl Base Metals ETF, BMO S&P/TSX EW Oil & Gas Index ETF, BMO Short Corporate Bond Index ETF, BMO Short Federal Bond Index ETF, BMO Short Provincial Bond Index ETF

View fund manager performance report