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Overview

Fund Profile

Key Facts

Fund Ticker ZPW.U
Net Assets (Mn)
(Aug 07, 2020)
$ 6.10
Base Currency USD
Closing Market Price $ 15.16
12-Month Low/High (Market Price) $ 11.95 / $ 16.64
Closing NAV Price
(Aug 07, 2020)
$ 15.2568
12-Month Low/High (Price (NAV)) $ 11.6568 / $ 16.6327
Annualized Distribution Yield
(Jul 31, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

7.55%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.70%
Market Volume 1
Distribution Frequency Monthly
Options Available No
Inception Date Sep 02, 2015
Fiscal Year-End December 31
Units Outstanding (000's) 400
Index -
Market Cap ($Bn)
(Jul 31, 2020)
1,206.03
Exchange TSX
CUSIP 05581B200
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO US Put Write ETF (U.S. Dollar Units) has been designed to deliver an alternative income exposure by writing put options on an underlying portfolio of U.S. large cap equities. The ETF writes short-dated out-of-the-money put options by analyzing the available option premiums, while investing the portfolio in cash equivalents. The ETF may be subject to a loss if the stock prices decline significantly over the option period.

Fund Benefits

  • Designed for investors looking for consistent income
  • Alternative strategy invested in short term bonds and exposed to U.S. equity market downside volatility
  • Put option writing generates income
  • Purchased in U.S. currency
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

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Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Aug 07, 2020)
$ 6.10
Market Price $ 15.16
12-Month Low/High (Market Price) $ 11.95 / $ 16.64
Price (NAV) $ 15.2568
12-Month Low/High (Price (NAV)) $ 11.6568 / $ 16.6327
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Aug 07, 2020)
1 Day Change 1 Day % Change
Market Price $ 15.16 - -
Price (NAV) $ 15.2568 $ 0.0227 0.15%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jul 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -2.77% -3.27% -0.98% - - 1.10%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jul 31, 2020

YTD 2019 2018 2017 2016 2015
NAV -3.84% 3.79% -4.85% 5.36% 3.74% 1.68%
Index - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jul 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -3.84% 3.51% 6.95% -2.90% -2.77% -6.44% -2.91% - - 5.54%
Index - - - - - - - - - -

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Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

Download Distribution History (Excel)
Distribution Period

Future distribution dates may change without any prior notice.

Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Total Distribution Per Unit
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.095000 0.000000 0.095000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.095000 0.000000 0.095000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.095000 0.000000 0.095000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.095000 0.000000 0.095000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.095000 0.000000 0.095000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.095000 0.000000 0.095000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.095000 0.000000 0.095000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Aug 07, 2020

Stock

37.32%

Cash and Cash Equivalents

62.68%

Number of Holdings

16

Total Net Assets

$ 6,102,716.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
62.38% UNITED STATES TREASURY BILL 05Nov2020 US912796TP46 - 28,838,000 USD 38,573,017 - Cash and Cash Equivalents
23.28% SPDR S&P 500 ETF TRUST US78462F1030 SPY 32,150 USD 14,392,635 - Stock
5.14% PROCTER & GAMBLE CO/THE US7427181091 PG 17,800 USD 3,180,799 Consumer Staples Stock
4.65% PEPSICO INC US7134481081 PEP 15,700 USD 2,872,550 Consumer Staples Stock
3.20% T ROWE PRICE GROUP INC US74144T1088 TROW 10,600 USD 1,980,418 Financials Stock
1.05% TJX COS INC/THE US8725401090 TJX 8,725 USD 647,350 Consumer Discretionary Stock
0.00% CT202487199 BMOOTC - - -9,100 USD 0 - Cash and Cash Equivalents
0.00% CT202590717 BMOOTC - - -18,100 USD 0 - Cash and Cash Equivalents
-0.01% CT203169638 BMOOTC - - -21,900 USD -5,794 - Cash and Cash Equivalents
-0.02% CT203440546 BMOOTC - - -16,700 USD -13,739 - Cash and Cash Equivalents
-0.02% CT203440564 BMOOTC - - -8,900 USD -13,470 - Cash and Cash Equivalents
-0.02% CT203600292 BMOOTC - - -13,200 USD -15,302 - Cash and Cash Equivalents
-0.02% CT203637245 BMOOTC - - -12,800 USD -13,563 - Cash and Cash Equivalents
-0.06% CT203566638 BMOOTC - - -16,000 USD -36,821 - Cash and Cash Equivalents
-0.08% CT203600297 BMOOTC - - -23,500 USD -49,031 - Cash and Cash Equivalents
0.54% CASH - - 1 CAD 334,683 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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