Overview
Price & Performance
Tax & Distributions
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(Excel)
Holdings & Allocations
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Fund Profile
Key Facts
| Fund Ticker | ZWA |
|---|---|
| Net Assets (Mn) (Feb 14, 2020) |
$ 252.77 |
| Base Currency | CAD |
| Closing Market Price | $ 24.63 |
| 12-Month Low/High (Market Price) | $ 21.67 / $ 24.73 |
| Closing NAV Price (Feb 14, 2020) |
$ 24.6344 |
| 12-Month Low/High (Price (NAV)) | $ 21.7377 / $ 24.7396 |
| Annualized Distribution Yield (Feb 07, 2020) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
4.43% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.71% |
| Market Volume | 26,452 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Oct 20, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 10,261 |
| Index | - |
| Market Cap ($Bn) (Jan 31, 2020) |
11,421.65 |
| Exchange | TSX |
| CUSIP | 05573X103 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF has been designed to provide exposure to a portfolio of Dow Jones Industrial Average companies, while earning call option premiums. The Fund invests in securities of the Dow Jones Industrial Average, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced to maintain better representation of the broad market and of American industry and options are rolled forward upon expiry. In addition, as ZWA may hold other underlying ETFs, the management fees charged are reduced by the management fees paid on the underlying ETFs, thereby not duplicating the management fees.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of U.S. industry leading companies
- Call option writing reduces volatility
- Currency is hedged back to Canadian dollars
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Feb 14, 2020) |
$ 252.77 |
|---|---|
| Market Price | $ 24.63 |
| 12-Month Low/High (Market Price) | $ 21.67 / $ 24.73 |
| Price (NAV) | $ 24.6344 |
| 12-Month Low/High (Price (NAV)) | $ 21.7377 / $ 24.7396 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Feb 14, 2020) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 24.63 | $ -0.04 | -0.16% |
| Price (NAV) | $ 24.6344 | $ -0.0215 | -0.09% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Jan 31, 2020
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 11.48% | 3.57% | 10.52% | 9.49% | - | 10.89% |
| Index | - | - | - | - | - | - |
| Jan 31, 2020 |
Calendar Year Performance (%) for period ending: Jan 31, 2020
| YTD | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -1.29% | 20.39% | -6.12% | 22.02% | 12.00% | -0.62% | 7.69% | 25.08% | 8.61% | 6.25% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jan 31, 2020 |
Cumulative Performance (%) for period ending: Jan 31, 2020
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -1.29% | -1.29% | 3.57% | 4.34% | 11.48% | 7.26% | 35.01% | 57.36% | - | 135.50% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Jan 31, 2020 |
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Distribution History
| 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 | 0.100000 | - | 0.100000 |
| Feb, 2020 | Feb 26, 2020 | Feb 27, 2020 | Mar 03, 2020 | - | - | - |
| Mar, 2020 | Mar 27, 2020 | Mar 30, 2020 | Apr 02, 2020 | - | - | - |
| Apr, 2020 | Apr 28, 2020 | Apr 29, 2020 | May 04, 2020 | - | - | - |
| May, 2020 | May 27, 2020 | May 28, 2020 | Jun 02, 2020 | - | - | - |
| Jun, 2020 | Jun 26, 2020 | Jun 29, 2020 | Jul 06, 2020 | - | - | - |
| Jul, 2020 | Jul 29, 2020 | Jul 30, 2020 | Aug 05, 2020 | - | - | - |
| 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 | - | - | - |
| Year to Date | 0.100000 | 0.000000 | 0.100000 |
| 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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Daily Holdings
As of Feb 13, 2020
Stock
100.25%
Cash and Cash Equivalents
-0.25%
Number of Holdings
61
Total Net Assets
$ 252,773,271.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 7.92% | BOEING CO/THE | US0970231058 | BA | 44,079 | USD | 20,041,180 | Industrials | Stock |
| 7.51% | APPLE INC | US0378331005 | AAPL | 44,078 | USD | 18,991,396 | Information Technology | Stock |
| 6.98% | UNITEDHEALTH GROUP INC | US91324P1021 | UNH | 44,078 | USD | 17,666,143 | Health Care | Stock |
| 5.60% | HOME DEPOT INC/THE | US4370761029 | HD | 44,078 | USD | 14,167,989 | Consumer Discretionary | Stock |
| 5.51% | GOLDMAN SACHS GROUP INC/THE | US38141G1040 | GS | 44,079 | USD | 13,933,887 | Financials | Stock |
| 5.02% | MCDONALD'S CORP | US5801351017 | MCD | 44,078 | USD | 12,710,036 | Consumer Discretionary | Stock |
| 4.79% | VISA INC | US92826C8394 | V | 44,078 | USD | 12,124,282 | Information Technology | Stock |
| 4.24% | MICROSOFT CORP | US5949181045 | MSFT | 44,078 | USD | 10,739,401 | Information Technology | Stock |
| 3.69% | 3M CO | US88579Y1010 | MMM | 44,097 | USD | 9,343,347 | Industrials | Stock |
| 3.57% | INTERNATIONAL BUSINESS MACHINES CORP | US4592001014 | IBM | 44,078 | USD | 9,020,723 | Information Technology | Stock |
| 3.54% | UNITED TECHNOLOGIES CORP | US9130171096 | UTX | 44,078 | USD | 8,947,650 | Industrials | Stock |
| 3.47% | JOHNSON & JOHNSON | US4781601046 | JNJ | 44,078 | USD | 8,774,028 | Health Care | Stock |
| 3.26% | WALT DISNEY CO/THE | US2546871060 | DIS | 44,078 | USD | 8,236,795 | Communication Services | Stock |
| 3.23% | CATERPILLAR INC | US1491231015 | CAT | 44,078 | USD | 8,167,814 | Industrials | Stock |
| 3.19% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 44,078 | USD | 8,060,251 | Financials | Stock |
| 3.16% | TRAVELERS COS INC/THE | US89417E1091 | TRV | 44,078 | USD | 8,001,792 | Financials | Stock |
| 3.11% | AMERICAN EXPRESS CO | US0258161092 | AXP | 44,078 | USD | 7,860,323 | Financials | Stock |
| 2.89% | PROCTER & GAMBLE CO/THE | US7427181091 | PG | 44,078 | USD | 7,304,968 | Consumer Staples | Stock |
| 2.71% | WALMART INC | US9311421039 | WMT | 44,078 | USD | 6,865,360 | Consumer Staples | Stock |
| 2.58% | CHEVRON CORP | US1667641005 | CVX | 44,078 | USD | 6,527,470 | Energy | Stock |
| 2.39% | NIKE INC | US6541061031 | NKE | 44,078 | USD | 6,042,850 | Consumer Discretionary | Stock |
| 1.89% | MERCK & CO INC | US58933Y1055 | MRK | 44,078 | USD | 4,791,839 | Health Care | Stock |
| 1.56% | INTEL CORP | US4581401001 | INTC | 44,078 | USD | 3,942,438 | Information Technology | Stock |
| 1.41% | EXXON MOBIL CORP | US30231G1022 | XOM | 44,078 | USD | 3,561,873 | Energy | Stock |
| 1.38% | COCA-COLA CO/THE | US1912161007 | KO | 44,078 | USD | 3,484,708 | Consumer Staples | Stock |
| 1.36% | VERIZON COMMUNICATIONS INC | US92343V1044 | VZ | 44,078 | USD | 3,428,588 | Communication Services | Stock |
| 1.24% | WALGREENS BOOTS ALLIANCE INC | US9314271084 | WBA | 44,078 | USD | 3,131,619 | Consumer Staples | Stock |
| 1.12% | DOW INC | US2605571031 | DOW | 44,078 | USD | 2,823,543 | Materials | Stock |
| 1.09% | CISCO SYSTEMS INC | US17275R1023 | CSCO | 44,078 | USD | 2,766,254 | Information Technology | Stock |
| 0.85% | PFIZER INC | US7170811035 | PFE | 44,078 | USD | 2,158,870 | Health Care | Stock |
| 0.00% | MERCK & CO INC 14Feb2020 95 CALL | - | MRK 2 C95 | -250 | USD | -2,321 | - | Cash and Cash Equivalents |
| 0.00% | NIKE INC 14Feb2020 107 CALL | - | NKE 2 C107 | -250 | USD | -332 | - | Cash and Cash Equivalents |
| 0.00% | CATERPILLAR INC 14Feb2020 157.5 CALL | - | CAT 2 C157.5 | -250 | USD | -2,155 | - | Cash and Cash Equivalents |
| 0.00% | EXXON MOBIL CORP 14Feb2020 72.5 CALL | - | XOM 2 C72.5 | -250 | USD | -663 | - | Cash and Cash Equivalents |
| 0.00% | PROCTER & GAMBLE CO/THE 14Feb2020 132 CALL | - | PG 2 C132 | -250 | USD | -332 | - | Cash and Cash Equivalents |
| 0.00% | TRAVELERS COS INC/THE 21Feb2020 145 CALL | - | TRV 2 C145 | -250 | USD | -995 | - | Cash and Cash Equivalents |
| 0.00% | VERIZON COMMUNICATIONS INC 14Feb2020 62 CALL | - | VZ 2 C62 | -250 | USD | -332 | - | Cash and Cash Equivalents |
| 0.00% | WALGREENS BOOTS ALLIANCE INC 21Feb2020 57.5 CALL | - | WBA 2 C57.5 | -250 | USD | -663 | - | Cash and Cash Equivalents |
| 0.00% | BOEING CO/THE 14Feb2020 365 CALL | - | BA 2 C365 | -250 | USD | -2,652 | - | Cash and Cash Equivalents |
| 0.00% | GOLDMAN SACHS GROUP INC/THE 14Feb2020 267.5 CALL | - | GS 2 C267.5 | -250 | USD | -2,652 | - | Cash and Cash Equivalents |
| 0.00% | PFIZER INC 14Feb2020 42 CALL | - | PFE 2 C42 | -250 | USD | -332 | - | Cash and Cash Equivalents |
| 0.00% | UNITED TECHNOLOGIES CORP 21Feb2020 160 CALL | - | UTX 2 C160 | -250 | USD | -2,984 | - | Cash and Cash Equivalents |
| 0.00% | UNITEDHEALTH GROUP INC 21Feb2020 320 CALL | - | UNH 2 C320 | -250 | USD | -5,968 | - | Cash and Cash Equivalents |
| 0.00% | 3M CO 21Feb2020 190 CALL | - | MMM 2 C190 | -250 | USD | -332 | - | Cash and Cash Equivalents |
| 0.00% | AMERICAN EXPRESS CO 21Feb2020 141 CALL | - | AXP 2 C141 | -250 | USD | -1,326 | - | Cash and Cash Equivalents |
| 0.00% | APPLE INC 21Feb2020 345 CALL | - | AAPL 2 C345 | -250 | USD | -8,621 | - | Cash and Cash Equivalents |
| 0.00% | CHEVRON CORP 21Feb2020 116 CALL | - | CVX 2 C116 | -250 | USD | -1,326 | - | Cash and Cash Equivalents |
| 0.00% | CISCO SYSTEMS INC 21Feb2020 53 CALL | - | CSCO 2 C53 | -250 | USD | -332 | - | Cash and Cash Equivalents |
| 0.00% | DOW INC 21Feb2020 53 CALL | - | DOW 2 C53 | -250 | USD | -1,658 | - | Cash and Cash Equivalents |
| 0.00% | INTEL CORP 28Feb2020 71 CALL | - | INTC 2 C71 | -250 | USD | -6,300 | - | Cash and Cash Equivalents |
| 0.00% | JOHNSON & JOHNSON 21Feb2020 152.5 CALL | - | JNJ 2 C152.5 | -250 | USD | -12,268 | - | Cash and Cash Equivalents |
| 0.00% | WALT DISNEY CO/THE 21Feb2020 152.5 CALL | - | DIS 2 C152.5 | -250 | USD | -1,989 | - | Cash and Cash Equivalents |
| -0.01% | VISA INC 21Feb2020 210 CALL | - | V 2 C210 | -250 | USD | -32,162 | - | Cash and Cash Equivalents |
| -0.01% | COCA-COLA CO/THE 21Feb2020 59.5 CALL | - | KO 2 C59.5 | -250 | USD | -16,247 | - | Cash and Cash Equivalents |
| -0.01% | JPMORGAN CHASE & CO 13Mar2020 144 CALL | - | JPM 3 C144 | -250 | USD | -24,867 | - | Cash and Cash Equivalents |
| -0.01% | INTERNATIONAL BUSINESS MACHINE 20Mar2020 165 CALL | - | IBM 3 C165 | -250 | USD | -15,915 | - | Cash and Cash Equivalents |
| -0.01% | MICROSOFT CORP 13Mar2020 202.5 CALL | - | MSFT 3 C202.5 | -250 | USD | -26,857 | - | Cash and Cash Equivalents |
| -0.02% | WALMART INC 21Feb2020 119 CALL | - | WMT 2 C119 | -250 | USD | -61,339 | - | Cash and Cash Equivalents |
| -0.02% | MCDONALD'S CORP 06Mar2020 220 CALL | - | MCD 3 C220 | -250 | USD | -52,055 | - | Cash and Cash Equivalents |
| -0.11% | HOME DEPOT INC/THE 14Feb2020 235 CALL | - | HD 2 C235 | -250 | USD | -271,881 | - | Cash and Cash Equivalents |
| -0.03% | CASH | - | - | 1 | CAD | -65,919 | - | Cash and Cash Equivalents |
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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.