Overview
Price & Performance
Tax & Distributions
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(Excel)
Holdings & Allocations
Download Holdings (Excel)
Fund Profile
Key Facts
| Fund Ticker | ZWA |
|---|---|
| Net Assets (Mn) (Sep 18, 2019) |
$ 242.37 |
| Base Currency | CAD |
| Closing Market Price | $ 23.39 |
| 12-Month Low/High (Market Price) | $ 19.80 / $ 24.26 |
| Closing NAV Price (Sep 18, 2019) |
$ 23.3925 |
| 12-Month Low/High (Price (NAV)) | $ 19.6780 / $ 24.2770 |
| Annualized Distribution Yield (Sep 13, 2019) Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV. |
4.61% |
| Swap Fee | - |
| Counterparty Exposure | - |
| Maximum Annual Management Fee | 0.65% |
| Management Expense Ratio | 0.71% |
| Market Volume | 23,065 |
| Distribution Frequency | Monthly |
| Options Available | No |
| Inception Date | Oct 20, 2011 |
| Fiscal Year-End | December 31 |
| Units Outstanding (000's) | 10,361 |
| Index | - |
| Market Cap ($Bn) (Aug 30, 2019) |
9,811.63 |
| Exchange | TSX |
| CUSIP | 05573X103 |
| Eligibility | RRSP/RRIF/RESP/DPSP/TFSA |
Portfolio Strategy
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF has been designed to provide exposure to a portfolio of Dow Jones Industrial Average companies, while earning call option premiums. The Fund invests in securities of the Dow Jones Industrial Average, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced to maintain better representation of the broad market and of American industry and options are rolled forward upon expiry. In addition, as ZWA may hold other underlying ETFs, the management fees charged are reduced by the management fees paid on the underlying ETFs, thereby not duplicating the management fees.
Fund Benefits
- Designed for investors looking for higher income from equity portfolios
- Invested in a diversified portfolio of U.S. industry leading companies
- Call option writing reduces volatility
- Currency is hedged back to Canadian dollars
- Professionally managed by BMO Global Asset Management
Risk Rating
- Low
- Low to Medium
- Medium
- Medium to High
- High
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Performance Chart
Growth of 10,000
Performance Details
| Fund Total Assets ($Mn) (Sep 18, 2019) |
$ 242.37 |
|---|---|
| Market Price | $ 23.39 |
| 12-Month Low/High (Market Price) | $ 19.80 / $ 24.26 |
| Price (NAV) | $ 23.3925 |
| 12-Month Low/High (Price (NAV)) | $ 19.6780 / $ 24.2770 |
| Distribution Frequency | Monthly |
Daily Prices
| Unit Price as of (Sep 18, 2019) |
1 Day Change | 1 Day % Change | |
|---|---|---|---|
| Market Price | $ 23.39 | $ 0.05 | 0.21% |
| Price (NAV) | $ 23.3925 | $ 0.0342 | 0.15% |
Performance
Annualized Performance
Calendar Performance
Cumulative Performance
Annualized Performance (%) for period ending: Aug 30, 2019
| 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|
| NAV | 1.07% | 7.88% | 10.82% | 8.02% | - | 10.69% |
| Index | - | - | - | - | - | - |
| Aug 30, 2019 |
Calendar Year Performance (%) for period ending: Aug 30, 2019
| YTD | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| NAV | 12.21% | -6.12% | 22.02% | 12.00% | -0.62% | 7.69% | 25.08% | 8.61% | 6.25% |
| Index | - | - | - | - | - | - | - | - | - |
| Aug 30, 2019 |
Cumulative Performance (%) for period ending: Aug 30, 2019
| YTD | 1 mo | 3 Mo | 6 Mo | 1 Year | 2 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 12.21% | -1.48% | 6.24% | 1.75% | 1.07% | 16.38% | 36.09% | 47.05% | - | 122.37% |
| Index | - | - | - | - | - | - | - | - | - | - |
| Aug 30, 2019 |
Download
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, 2019 | Jan 29, 2019 | Jan 30, 2019 | Feb 04, 2019 | 0.085000 | 0.000000 | 0.085000 |
| Feb, 2019 | Feb 26, 2019 | Feb 27, 2019 | Mar 04, 2019 | 0.090000 | 0.000000 | 0.090000 |
| Mar, 2019 | Mar 27, 2019 | Mar 28, 2019 | Apr 02, 2019 | 0.090000 | 0.000000 | 0.090000 |
| Apr, 2019 | Apr 26, 2019 | Apr 29, 2019 | May 02, 2019 | 0.090000 | 0.000000 | 0.090000 |
| May, 2019 | May 29, 2019 | May 30, 2019 | Jun 04, 2019 | 0.090000 | 0.000000 | 0.090000 |
| Jun, 2019 | Jun 26, 2019 | Jun 27, 2019 | Jul 03, 2019 | 0.090000 | 0.000000 | 0.090000 |
| Jul, 2019 | Jul 29, 2019 | Jul 30, 2019 | Aug 02, 2019 | 0.090000 | 0.000000 | 0.090000 |
| Aug, 2019 | Aug 28, 2019 | Aug 29, 2019 | Sep 04, 2019 | 0.090000 | 0.000000 | 0.090000 |
| Sep, 2019 | Sep 26, 2019 | Sep 27, 2019 | Oct 02, 2019 | - | - | - |
| Oct, 2019 | Oct 29, 2019 | Oct 30, 2019 | Nov 04, 2019 | - | - | - |
| Nov, 2019 | Nov 27, 2019 | Nov 28, 2019 | Dec 03, 2019 | - | - | - |
| Dec, 2019 | Dec 27, 2019 | Dec 30, 2019 | Jan 03, 2020 | - | - | - |
| Year to Date | 0.715000 | 0.000000 | 0.715000 |
| 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 Sep 18, 2019
Stock
100.34%
Cash and Cash Equivalents
-0.34%
Number of Holdings
59
Total Net Assets
$ 242,369,589.00
Download Holdings (Excel)
| Weight (%) | Name | ISIN | Bloomberg Ticker | Number of Shares | Currency | Base Market Value | Sector | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 9.68% | BOEING CO/THE | US0970231058 | BA | 45,722 | USD | 23,472,958 | Industrials | Stock |
| 5.79% | HOME DEPOT INC/THE | US4370761029 | HD | 45,731 | USD | 14,024,817 | Consumer Discretionary | Stock |
| 5.78% | UNITEDHEALTH GROUP INC | US91324P1021 | UNH | 45,731 | USD | 14,011,450 | Health Care | Stock |
| 5.58% | APPLE INC | US0378331005 | AAPL | 45,731 | USD | 13,535,106 | Information Technology | Stock |
| 5.44% | GOLDMAN SACHS GROUP INC/THE | US38141G1040 | GS | 45,722 | USD | 13,186,796 | Financials | Stock |
| 5.28% | MCDONALD'S CORP | US5801351017 | MCD | 45,731 | USD | 12,785,349 | Consumer Discretionary | Stock |
| 4.39% | VISA INC | US92826C8394 | V | 45,731 | USD | 10,650,306 | Information Technology | Stock |
| 4.20% | 3M CO | US88579Y1010 | MMM | 45,731 | USD | 10,173,354 | Industrials | Stock |
| 3.67% | TRAVELERS COS INC/THE | US89417E1091 | TRV | 45,731 | USD | 8,899,255 | Financials | Stock |
| 3.57% | INTERNATIONAL BUSINESS MACHINES CORP | US4592001014 | IBM | 45,731 | USD | 8,641,032 | Information Technology | Stock |
| 3.47% | MICROSOFT CORP | US5949181045 | MSFT | 45,731 | USD | 8,416,227 | Information Technology | Stock |
| 3.45% | UNITED TECHNOLOGIES CORP | US9130171096 | UTX | 45,731 | USD | 8,363,975 | Industrials | Stock |
| 3.43% | WALT DISNEY CO/THE | US2546871060 | DIS | 45,731 | USD | 8,311,723 | Communication Services | Stock |
| 3.29% | CATERPILLAR INC | US1491231015 | CAT | 45,731 | USD | 7,963,578 | Industrials | Stock |
| 3.27% | JOHNSON & JOHNSON | US4781601046 | JNJ | 45,731 | USD | 7,923,478 | Health Care | Stock |
| 3.11% | CHEVRON CORP | US1667641005 | CVX | 45,731 | USD | 7,544,954 | Energy | Stock |
| 3.04% | PROCTER & GAMBLE CO/THE | US7427181091 | PG | 45,731 | USD | 7,376,654 | Consumer Staples | Stock |
| 3.00% | JPMORGAN CHASE & CO | US46625H1005 | JPM | 45,731 | USD | 7,276,403 | Financials | Stock |
| 2.98% | AMERICAN EXPRESS CO | US0258161092 | AXP | 45,731 | USD | 7,214,429 | Financials | Stock |
| 2.94% | WALMART INC | US9311421039 | WMT | 45,731 | USD | 7,118,431 | Consumer Staples | Stock |
| 2.21% | NIKE INC | US6541061031 | NKE | 45,731 | USD | 5,351,583 | Consumer Discretionary | Stock |
| 2.08% | MERCK & CO INC | US58933Y1055 | MRK | 45,731 | USD | 5,044,146 | Health Care | Stock |
| 1.83% | EXXON MOBIL CORP | US30231G1022 | XOM | 45,731 | USD | 4,424,413 | Energy | Stock |
| 1.50% | VERIZON COMMUNICATIONS INC | US92343V1044 | VZ | 45,731 | USD | 3,641,239 | Communication Services | Stock |
| 1.36% | COCA-COLA CO/THE | US1912161007 | KO | 45,731 | USD | 3,294,918 | Consumer Staples | Stock |
| 1.36% | WALGREENS BOOTS ALLIANCE INC | US9314271084 | WBA | 45,731 | USD | 3,305,854 | Consumer Staples | Stock |
| 1.30% | INTEL CORP | US4581401001 | INTC | 45,731 | USD | 3,143,630 | Information Technology | Stock |
| 1.24% | CISCO SYSTEMS INC | US17275R1023 | CSCO | 45,731 | USD | 2,997,810 | Information Technology | Stock |
| 1.19% | DOW INC | US2605571031 | DOW | 45,731 | USD | 2,886,622 | Materials | Stock |
| 0.91% | PFIZER INC | US7170811035 | PFE | 45,731 | USD | 2,210,384 | Health Care | Stock |
| 0.00% | 3M CO 20Sep2019 175 CALL | - | MMM 9 C | -260 | USD | -1,036 | - | Cash and Cash Equivalents |
| 0.00% | AMERICAN EXPRESS CO 20Sep2019 130 CALL | - | AXP 9 C | -260 | USD | -345 | - | Cash and Cash Equivalents |
| 0.00% | CHEVRON CORP 20Sep2019 125 CALL | - | CVX 9 C | -260 | USD | -11,399 | - | Cash and Cash Equivalents |
| 0.00% | JOHNSON & JOHNSON 20Sep2019 140 CALL | - | JNJ 9 C | -260 | USD | -691 | - | Cash and Cash Equivalents |
| 0.00% | PFIZER INC 20Sep2019 37 CALL | - | PFE 9 C | -260 | USD | -1,727 | - | Cash and Cash Equivalents |
| 0.00% | TRAVELERS COS INC/THE 20Sep2019 150 CALL | - | TRV 9 C | -260 | USD | -3,454 | - | Cash and Cash Equivalents |
| 0.00% | COCA-COLA CO/THE 20Sep2019 56 CALL | - | KO 9 C5 | -260 | USD | -345 | - | Cash and Cash Equivalents |
| 0.00% | WALT DISNEY CO/THE 27Sep2019 146 CALL | - | DIS 9 C | -260 | USD | -1,554 | - | Cash and Cash Equivalents |
| 0.00% | CISCO SYSTEMS INC 27Sep2019 51.5 CALL | - | CSCO 9 | -260 | USD | -3,454 | - | Cash and Cash Equivalents |
| 0.00% | MCDONALD'S CORP 27Sep2019 230 CALL | - | MCD 9 C | -260 | USD | -1,382 | - | Cash and Cash Equivalents |
| 0.00% | MERCK & CO INC 27Sep2019 90.5 CALL | - | MRK 9 C | -260 | USD | -3,627 | - | Cash and Cash Equivalents |
| 0.00% | MICROSOFT CORP 27Sep2019 148 CALL | - | MSFT 9 | -260 | USD | -1,036 | - | Cash and Cash Equivalents |
| 0.00% | UNITEDHEALTH GROUP INC 04Oct2019 247.5 CALL | - | UNH 10 | -240 | USD | -5,421 | - | Cash and Cash Equivalents |
| 0.00% | VISA INC 04Oct2019 190 CALL | - | V 10 C1 | -260 | USD | -2,073 | - | Cash and Cash Equivalents |
| -0.01% | APPLE INC 20Sep2019 225 CALL | - | AAPL 9 | -260 | USD | -23,835 | - | Cash and Cash Equivalents |
| -0.01% | EXXON MOBIL CORP 20Sep2019 72.5 CALL | - | XOM 9 C | -260 | USD | -19,344 | - | Cash and Cash Equivalents |
| -0.01% | WALGREENS BOOTS ALLIANCE INC 27Sep2019 55.5 CALL | - | WBA 9 C | -260 | USD | -15,199 | - | Cash and Cash Equivalents |
| -0.01% | WALMART INC 27Sep2019 118 CALL | - | WMT 9 C | -260 | USD | -25,908 | - | Cash and Cash Equivalents |
| -0.01% | INTEL CORP 20Sep2019 51 CALL | - | INTC 9 | -260 | USD | -31,089 | - | Cash and Cash Equivalents |
| -0.02% | NIKE INC 27Sep2019 90 CALL | - | NKE 9 C | -260 | USD | -48,361 | - | Cash and Cash Equivalents |
| -0.02% | VERIZON COMMUNICATIONS INC 27Sep2019 59 CALL | - | VZ 9 C5 | -260 | USD | -40,071 | - | Cash and Cash Equivalents |
| -0.03% | HOME DEPOT INC/THE 27Sep2019 232.5 CALL | - | HD 9 C2 | -260 | USD | -63,906 | - | Cash and Cash Equivalents |
| -0.03% | UNITED TECHNOLOGIES CORP 20Sep2019 135 CALL | - | UTX 9 C | -260 | USD | -70,814 | - | Cash and Cash Equivalents |
| -0.03% | DOW INC 04Oct2019 46.5 CALL | - | DOW 10 | -260 | USD | -63,906 | - | Cash and Cash Equivalents |
| -0.04% | GOLDMAN SACHS GROUP INC/THE 27Sep2019 217.5 CALL | - | GS 9 C2 | -260 | USD | -100,867 | - | Cash and Cash Equivalents |
| -0.06% | CATERPILLAR INC 27Sep2019 128 CALL | - | CAT 9 C | -260 | USD | -143,356 | - | Cash and Cash Equivalents |
| -0.07% | JPMORGAN CHASE & CO 27Sep2019 115 CALL | - | JPM 9 C | -260 | USD | -162,355 | - | Cash and Cash Equivalents |
| -0.37% | BOEING CO/THE 20Sep2019 360 CALL | - | BA 9 C3 | -260 | USD | -888,461 | - | Cash and Cash Equivalents |
| 0.38% | CASH | - | - | 1 | CAD | 913,743 | - | 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.