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Mackenzie US High Yield Bond Index ETF (CAD-Hedged)
QHY (Mackenzie US High Yield Bond Index ETF (CAD-Hedged)) is an index Canadian Dividend Equity ETF by Mackenzie. With a 0.40% MER, it provides diversified exposure. Monthly distribution with a 6.04% yield.
QHY by Mackenzie is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.40% MER, its fees are in line with category averages. It pays a monthly distribution with a 6.04% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.