Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY.TO) TSX

82.50

-0.28(-0.34%)

Updated at October 17 02:07PM

Currency In CAD

Mackenzie US High Yield Bond Index ETF (CAD-Hedged)

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management - Bonds

Employees

N/A

First IPO Date

January 31, 2018

Key Executives

N/A

Description

The fund is passively managed to provide exposure to the high yield segment of the corporate bond market. The index only includes USD-denominated corporate debt that have composite ratings between BB+ and C based on credit scores given by S&P, Moody, and Fitch. Eligible bonds should have a minimum amount outstanding of $400 million and at least 20 months remaining to maturity at the time of inclusion. The resulting portfolio is weighted by market value, with single issuer weights capped at 3%.