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BMO High Yield US Corporate Bond Hedged to CAD Index ETF
ZHY (BMO High Yield US Corporate Bond Hedged to CAD Index ETF) is an index Canadian Dividend Equity ETF by BMO. With a 0.55% MER, it provides diversified exposure. Monthly distribution with a 6.34% yield.
ZHY by BMO is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.55% MER, its fees are in line with category averages. It pays a monthly distribution with a 6.34% 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.