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Overview

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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Price & Performance

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

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 - - - - - -
Calendar Performance

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 - - - - - - - - -
Cumulative Performance

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 - - - - - - - - - -

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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, 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 - - -
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 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)
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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

Holdings Breakdown

Sector Allocation

Geographic Allocation

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