Overview

Fund Profile

Key Facts

Portfolio Strategy

BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, 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 and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of Canadian banks
  • Call option writing reduces volatility
  • Purchased in U.S. currency
  • Professionally managed by BMO Global Asset Management

Risk Rating

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Price & Performance

Performance Chart

Growth of 10,000

Chart comparing growth of $10,000. From START_DATE to END_DATE. Comparing FUND_1 and FUND_2. For more details, email [email protected] or call 1-800-361-1392.

Performance Details

Daily Prices

Daily prices table has 3 columns. Table columns are Unit Price as of Aug 15, 2022, 1 Day Change, 1 Day % Change
Unit Price as of
(Aug 15, 2022)
1 Day Change 1 Day % Change
Market Price $ 26.33 $ -0.14 -0.53%
Price (NAV) $ 26.2928 $ -0.1774 -0.67%

Performance

Annualized Performance

Annualized Performance (%) for period ending: -

Table for annualized performance. For period ending
1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV - - - - - -
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: -

Table for calendar performance. For period ending
YTD
NAV -
Index -
Cumulative Performance

Cumulative Performance (%) for period ending: -

Table for cumulative performance. For period ending
YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV - - - - - - - - - -
Index - - - - - - - - - -

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Tax & Distributions

Distribution History

Download Distribution History (Excel)
Table for distribution history. For period ending
Distribution Period

Future distribution dates may change without any prior notice.

Footnote
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.

Footnote
Total Distribution Per Unit
Feb, 2022 Feb 24, 2022 Feb 25, 2022 Mar 02, 2022 0.150000 0.000000 0.150000
Mar, 2022 Mar 29, 2022 Mar 30, 2022 Apr 04, 2022 0.150000 0.000000 0.150000
Apr, 2022 Apr 27, 2022 Apr 28, 2022 May 03, 2022 0.150000 0.000000 0.150000
May, 2022 May 27, 2022 May 30, 2022 Jun 03, 2022 0.150000 0.000000 0.150000
Jun, 2022 Jun 28, 2022 Jun 29, 2022 Jul 05, 2022 0.150000 0.000000 0.150000
Jul, 2022 Jul 27, 2022 Jul 28, 2022 Aug 03, 2022 0.150000 0.000000 0.150000
Aug, 2022 Aug 29, 2022 Aug 30, 2022 Sep 02, 2022 - - -
Sep, 2022 Sep 28, 2022 Sep 29, 2022 Oct 05, 2022 - - -
Oct, 2022 Oct 27, 2022 Oct 28, 2022 Nov 02, 2022 - - -
Nov, 2022 Nov 28, 2022 Nov 29, 2022 Dec 02, 2022 - - -
Dec, 2022 Dec 28, 2022 Dec 29, 2022 Jan 03, 2023 - - -
Download Distribution Tax (Excel)
ETF distribution tax table. Showing for year
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.

Footnote
- - - - - - - - -

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Holdings & Allocations

Daily Holdings

As of Aug 15, 2022

Stock

100.51%

Cash and Cash Equivalents

-0.51%

Number of Holdings

41

Total Net Assets

$ 5,258,588.00


Download Holdings (Excel)
No column selected.
Daily holdings table has 5 columns. Table columns are Weight (%), Name, ISIN, Bloomberg Ticker, Base Market Value
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
24.55% BMO EQUAL WEIGHT BANKS INDEX ETF CA0556851016 ZEB 18,944,493 CAD 693,239,432 - Stock
13.45% NATIONAL BANK OF CANADA CA6330671034 NA 4,053,562 CAD 379,818,759 Financials Stock
13.05% ROYAL BANK OF CANADA CA7800871021 RY 2,868,749 CAD 368,490,809 Financials Stock
12.72% BANK OF MONTREAL CA0636711016 BMO 2,693,501 CAD 359,205,293 Financials Stock
12.47% TORONTO-DOMINION BANK/THE CA8911605092 TD 4,041,974 CAD 352,177,195 Financials Stock
12.40% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 4,317,315 CAD 350,220,593 Financials Stock
11.87% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 4,985,630 CAD 335,233,761 Financials Stock
0.00% CANADIAN IMPERIAL BANK OF COMM 19Aug2022 70 CALL - CM 8 C70 -5,000 CAD -10,000 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 19Aug2022 86 CALL - BNS 8 C86 -4,200 CAD -21,000 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 19Aug2022 140 CALL - BMO 8 C140 -3,000 CAD -30,000 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 19Aug2022 89 CALL - TD 8 C89 -4,500 CAD -40,500 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 26Aug2022 81 CALL - 4BNS 8 C81 -1,000 CAD -90,000 - Cash and Cash Equivalents
-0.01% CANADIAN IMPERIAL BANK OF COMM 19Aug2022 67.5 CALL - CM 8 C67.5 -5,000 CAD -145,000 - Cash and Cash Equivalents
-0.01% CANADIAN IMPERIAL BANK OF COMM 16Sep2022 68 CALL - CM 9 C68 -2,000 CAD -218,000 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA 16Sep2022 130 CALL - RY 9 C130 -1,300 CAD -221,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 09Sep2022 94 CALL - 2NA 9 C94 -2,000 CAD -320,000 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA 19Aug2022 128 CALL - RY 8 C128 -3,000 CAD -321,000 - Cash and Cash Equivalents
-0.01% BANK OF NOVA SCOTIA 26Aug2022 80 CALL - 4BNS 8 C80 -2,000 CAD -398,000 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 02Sep2022 94 CALL - 1NA 9 C94 -3,000 CAD -423,000 - Cash and Cash Equivalents
-0.02% CN 09/14/22 C37.15 - - -20,000 CAD -500,692 - Cash and Cash Equivalents
-0.02% NATIONAL BANK OF CANADA 19Aug2022 92 CALL - NA 8 C92 -3,000 CAD -507,000 - Cash and Cash Equivalents
-0.02% NATIONAL BANK OF CANADA 16Sep2022 94 CALL - NA 9 C94 -2,800 CAD -508,200 - Cash and Cash Equivalents
-0.02% ROYAL BANK OF CANADA 19Aug2022 127 CALL - RY 8 C127 -3,000 CAD -562,500 - Cash and Cash Equivalents
-0.02% ROYAL BANK OF CANADA 26Aug2022 129 CALL - 4RY 8 C129 -4,000 CAD -572,000 - Cash and Cash Equivalents
-0.02% BMO EQUAL WEIGHT BANKS INDEX E 02Sep2022 36.75 CALL - 1ZEB 9 C36.75 -20,000 CAD -590,000 - Cash and Cash Equivalents
-0.02% TORONTO-DOMINION BANK/THE 26Aug2022 86.5 CALL - 4TD 8 C86.5 -3,700 CAD -614,200 - Cash and Cash Equivalents
-0.02% BANK OF MONTREAL 16Sep2022 135 CALL - BMO 9 C135 -3,000 CAD -645,000 - Cash and Cash Equivalents
-0.02% BANK OF NOVA SCOTIA/THE 16Sep2022 82 CALL - BNS 9 C82 -5,000 CAD -650,000 - Cash and Cash Equivalents
-0.02% BANK OF MONTREAL 09Sep2022 134 CALL - 2BMO 9 C134 -3,000 CAD -699,000 - Cash and Cash Equivalents
-0.03% TORONTO-DOMINION BANK/THE 16Sep2022 87.5 CALL - TD 9 C87.5 -4,500 CAD -774,000 - Cash and Cash Equivalents
-0.03% CANADIAN IMPERIAL BANK OF COMM 26Aug2022 64.5 CALL - 4CM 8 C64.5 -3,000 CAD -916,500 - Cash and Cash Equivalents
-0.03% TORONTO-DOMINION BANK/THE 19Aug2022 85 CALL - TD 8 C85 -4,300 CAD -946,000 - Cash and Cash Equivalents
-0.04% NATIONAL BANK OF CANADA 26Aug2022 91 CALL - 4NA 8 C91 -3,300 CAD -1,080,750 - Cash and Cash Equivalents
-0.04% ZEB CN 09/07/22 C36.25 - - -20,000 CAD -1,211,160 - Cash and Cash Equivalents
-0.04% NATIONAL BANK OF CANADA 16Sep2022 90 CALL - NA 9 C90 -2,700 CAD -1,242,000 - Cash and Cash Equivalents
-0.05% BMO EQUAL WEIGHT BANKS INDEX E 26Aug2022 36 CALL - 4ZEB 8 C36 -20,000 CAD -1,450,000 - Cash and Cash Equivalents
-0.05% BANK OF MONTREAL 26Aug2022 129 CALL - 4BMO 8 C129 -3,000 CAD -1,500,000 - Cash and Cash Equivalents
-0.06% BANK OF NOVA SCOTIA/THE 16Sep2022 78 CALL - BNS 9 C78 -5,000 CAD -1,625,000 - Cash and Cash Equivalents
-0.07% CANADIAN IMPERIAL BANK OF COMM 19Aug2022 64 CALL - CM 8 C64 -6,000 CAD -1,965,000 - Cash and Cash Equivalents
-0.13% BMO EQUAL WEIGHT BANKS INDEX E 19Aug2022 34.75 CALL - ZEB 8 C34.75 -20,000 CAD -3,700,000 - Cash and Cash Equivalents
0.36% CASH - - 1 CAD 10,212,167 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

has a donut chart divided into 1 range. The range is: 100%, Financials.

Geographic Allocation

has a donut chart divided into 1 range. The range is: 99.67%, Canada.

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