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Overview

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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Price & Performance

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

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 - - - - - -
Calendar Performance

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 - - - - - - - - - -
Cumulative Performance

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 - - - - - - - - - -

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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.

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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 - - -
Download Distribution Tax (Excel)
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 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)
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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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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