Description

The BMO High Yield US Corporate Bond Hedged to CAD Index ETF has been designed to replicate, to the extent possible, the performance of the Bloomberg Capital U.S. High Yield Very Liquid Index CAD Hedged net of expenses. The U.S. dollar currency exposure is hedged back to Canadian dollars. In addition, as ZHY may hold other underlying ETFs, the management fees charged are reduced by the management fees paid on the underlying ETFs, thereby not duplicating the management fees.