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Overview

Fund Profile

Key Facts

Fund Ticker ZWC
Net Assets (Mn)
(Sep 18, 2019)
$ 511.05
Base Currency CAD
Closing Market Price $ 19.23
12-Month Low/High (Market Price) $ 16.88 / $ 19.78
Closing NAV Price
(Sep 18, 2019)
$ 19.2052
12-Month Low/High (Price (NAV)) $ 16.8124 / $ 19.7701
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.

6.91%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 87,994
Distribution Frequency Monthly
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 26,610
Index -
Market Cap ($Bn)
(Aug 30, 2019)
1,411.14
Exchange TSX
CUSIP 05591D105
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Canadian High Dividend Covered Call ETF has been designed to provide exposure to a dividend focused portfolio, while earning call option premiums. The underlying portfolio is yield-weighted and broadly diversified across sectors. The ETF screens for securities for dividend growth, sustainability and option liquidity. The ETF also dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's available premium. The option premium provides limited downside protection.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of high dividend Canadian companies
  • Call option writing reduces volatility¬†
  • 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)
$ 511.05
Market Price $ 19.23
12-Month Low/High (Market Price) $ 16.88 / $ 19.78
Price (NAV) $ 19.2052
12-Month Low/High (Price (NAV)) $ 16.8124 / $ 19.7701
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Sep 18, 2019)
1 Day Change 1 Day % Change
Market Price $ 19.23 $ 0.03 0.16%
Price (NAV) $ 19.2052 $ -0.0004 -

Performance

Annualized Performance

Annualized Performance (%) for period ending: Aug 30, 2019

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 3.05% 3.79% - - - 3.50%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Aug 30, 2019

YTD 2018 2017
NAV 12.46% -9.92% 7.78%
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 12.46% -0.54% 0.64% 1.66% 3.05% 7.73% - - - 9.19%
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

Download Distribution History (Excel)
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 0.105000 0.000000 0.105000
Feb, 2019 Feb 26, 2019 Feb 27, 2019 Mar 04, 2019 0.105000 0.000000 0.105000
Mar, 2019 Mar 27, 2019 Mar 28, 2019 Apr 02, 2019 0.110000 0.000000 0.110000
Apr, 2019 Apr 26, 2019 Apr 29, 2019 May 02, 2019 0.110000 0.000000 0.110000
May, 2019 May 29, 2019 May 30, 2019 Jun 04, 2019 0.110000 0.000000 0.110000
Jun, 2019 Jun 26, 2019 Jun 27, 2019 Jul 03, 2019 0.110000 0.000000 0.110000
Jul, 2019 Jul 29, 2019 Jul 30, 2019 Aug 02, 2019 0.110000 0.000000 0.110000
Aug, 2019 Aug 28, 2019 Aug 29, 2019 Sep 04, 2019 0.110000 0.000000 0.110000
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 - - -
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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

100.86%

Cash and Cash Equivalents

-0.86%

Number of Holdings

76

Total Net Assets

$ 511,049,574.00


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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.68% ENBRIDGE INC CA29250N1050 ENB 512,359 CAD 23,942,536 Energy Stock
4.24% TC ENERGY CORP CA87807B1076 TRP 322,476 CAD 21,692,961 Energy Stock
4.20% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 287,857 CAD 21,468,375 Financials Stock
4.20% BCE INC CA05534B7604 BCE 335,503 CAD 21,472,192 Communication Services Stock
3.98% PEMBINA PIPELINE CORP CA7063271034 PPL 413,081 CAD 20,327,716 Energy Stock
3.80% INTER PIPELINE LTD CA45833V1094 IPL 791,160 CAD 19,399,243 Energy Stock
3.79% EMERA INC CA2908761018 EMA 340,095 CAD 19,368,410 Utilities Stock
3.68% NATIONAL BANK OF CANADA CA6330671034 NA 290,113 CAD 18,808,026 Financials Stock
3.65% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 169,841 CAD 18,662,129 Financials Stock
3.44% MANULIFE FINANCIAL CORP CA56501R1064 MFC 728,054 CAD 17,604,346 Financials Stock
3.39% SUN LIFE FINANCIAL INC CA8667961053 SLF 295,692 CAD 17,303,896 Financials Stock
3.39% TELUS CORP CA87971M1032 T 354,273 CAD 17,302,693 Communication Services Stock
3.36% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 142,446 CAD 17,173,290 Industrials Stock
3.31% SHAW COMMUNICATIONS INC CA82028K2002 SJR/B 631,456 CAD 16,935,650 Communication Services Stock
3.29% GREAT-WEST LIFECO INC CA39138C1068 GWO 540,163 CAD 16,804,471 Financials Stock
3.25% BANK OF MONTREAL CA0636711016 BMO 170,624 CAD 16,588,065 Financials Stock
3.24% ROYAL BANK OF CANADA CA7800871021 RY 155,694 CAD 16,548,715 Financials Stock
3.18% TORONTO-DOMINION BANK/THE CA8911605092 TD 213,571 CAD 16,237,803 Financials Stock
3.07% POWER CORP OF CANADA CA7392391016 POW 523,351 CAD 15,674,362 Financials Stock
3.05% NUTRIEN LTD CA67077M1086 NTR 226,441 CAD 15,567,819 Materials Stock
2.98% FORTIS INC/CANADA CA3495531079 FTS 274,586 CAD 15,225,794 Utilities Stock
2.75% MAGNA INTERNATIONAL INC CA5592224011 MG 198,191 CAD 14,053,724 Consumer Discretionary Stock
2.50% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 90,273 CAD 12,791,684 Consumer Discretionary Stock
2.41% RESTAURANT BRANDS INTERNATIONAL INC CA76131D1033 QSR 126,567 CAD 12,311,172 Consumer Discretionary Stock
2.08% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 158,251 CAD 10,629,720 Communication Services Stock
1.98% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 280,882 CAD 10,114,561 Energy Stock
1.96% IMPERIAL OIL LTD CA4530384086 IMO 271,420 CAD 9,996,399 Energy Stock
1.95% VERMILION ENERGY INC CA9237251058 VET 440,046 CAD 9,980,243 Energy Stock
1.83% THOMSON REUTERS CORP CA8849037095 TRI 104,912 CAD 9,377,035 Industrials Stock
1.64% SUNCOR ENERGY INC CA8672241079 SU 198,467 CAD 8,405,077 Energy Stock
1.49% LOBLAW COS LTD CA5394811015 L 103,708 CAD 7,590,389 Consumer Staples Stock
1.46% METRO INC/CN CA59162N1096 MRU 130,644 CAD 7,446,708 Consumer Staples Stock
1.40% OPEN TEXT CORP CA6837151068 OTEX 132,397 CAD 7,178,565 Information Technology Stock
1.16% GILDAN ACTIVEWEAR INC CA3759161035 GIL 122,880 CAD 5,906,842 Consumer Discretionary Stock
1.09% SAPUTO INC CA8029121057 SAP 137,228 CAD 5,557,734 Consumer Staples Stock
0.00% SHAW COMMUNICATIONS INC 20Sep2019 27 CALL - SJR 9 C -1,600 CAD -9,600 - Cash and Cash Equivalents
0.00% GILDAN ACTIVEWEAR INC 20Sep2019 52 CALL - GIL 9 C -600 CAD -2,100 - Cash and Cash Equivalents
0.00% CANADIAN NATIONAL RAILWAY CO 20Sep2019 130 CALL - CNR 9 C -700 CAD -4,200 - Cash and Cash Equivalents
0.00% THOMSON REUTERS CORP 20Sep2019 94 CALL - TRI 9 C -500 CAD -5,250 - Cash and Cash Equivalents
0.00% EMERA INC 20Sep2019 58 CALL - EMA 9 C -1,800 CAD -16,200 - Cash and Cash Equivalents
0.00% LOBLAW COS LTD 20Sep2019 74 CALL - L 9 C74 -600 CAD -5,700 - Cash and Cash Equivalents
0.00% NUTRIEN LTD 20Sep2019 70 CALL - NTR 9 C -1,200 CAD -9,000 - Cash and Cash Equivalents
0.00% RESTAURANT BRANDS INTERNATIONA 20Sep2019 105 CALL - QSR 9 C -800 CAD -4,000 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC 20Sep2019 70 CALL - RCI 9 C -800 CAD -4,800 - Cash and Cash Equivalents
0.00% SAPUTO INC 20Sep2019 44 CALL - SAP 9 C -700 CAD -7,350 - Cash and Cash Equivalents
0.00% INTER PIPELINE LTD 20Sep2019 26 CALL - IPL 9 C -800 CAD -4,000 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA 04Oct2019 57 CALL - 1FTS 10 -1,500 CAD -18,750 - Cash and Cash Equivalents
-0.01% SHAW COMMUNICATIONS INC 18Oct2019 27 CALL - SJR 10 -1,700 CAD -54,400 - Cash and Cash Equivalents
-0.01% INTER PIPELINE LTD 18Oct2019 26 CALL - IPL 10 -2,100 CAD -29,400 - Cash and Cash Equivalents
-0.01% PEMBINA PIPELINE CORP 20Sep2019 50 CALL - PPL 9 C -2,200 CAD -33,000 - Cash and Cash Equivalents
-0.01% VERMILION ENERGY INC 20Sep2019 23 CALL - VET 9 C -2,300 CAD -46,000 - Cash and Cash Equivalents
-0.01% BCE INC 04Oct2019 64.5 CALL - 1BCE 10 -1,800 CAD -59,400 - Cash and Cash Equivalents
-0.02% BANK OF MONTREAL 20Sep2019 96 CALL - BMO 9 C -900 CAD -123,300 - Cash and Cash Equivalents
-0.02% CANADIAN TIRE CORP LTD 20Sep2019 140 CALL - CTC 9 C -500 CAD -105,000 - Cash and Cash Equivalents
-0.02% IMPERIAL OIL LTD 20Sep2019 36 CALL - IMO 9 C -1,400 CAD -126,000 - Cash and Cash Equivalents
-0.02% METRO INC/CN 20Sep2019 56 CALL - MRU 9 C -700 CAD -82,250 - Cash and Cash Equivalents
-0.02% OPEN TEXT CORP 18Oct2019 54 CALL - OTEX 10 -700 CAD -84,000 - Cash and Cash Equivalents
-0.02% TELUS CORP 18Oct2019 49 CALL - T 10 C4 -1,900 CAD -117,800 - Cash and Cash Equivalents
-0.02% TORONTO-DOMINION BANK/THE 18Oct2019 76 CALL - TD 10 C -1,100 CAD -93,500 - Cash and Cash Equivalents
-0.03% INTER PIPELINE LTD 20Sep2019 23.5 CALL - IPL 9 C -1,300 CAD -133,900 - Cash and Cash Equivalents
-0.03% NATIONAL BANK OF CANADA 20Sep2019 64 CALL - NA 9 C6 -1,500 CAD -133,500 - Cash and Cash Equivalents
-0.03% POWER CORP OF CANADA 18Oct2019 29 CALL - POW 10 -1,400 CAD -155,400 - Cash and Cash Equivalents
-0.04% ENBRIDGE INC 20Sep2019 46 CALL - ENB 9 C -2,700 CAD -221,400 - Cash and Cash Equivalents
-0.04% ROYAL BANK OF CANADA 20Sep2019 104 CALL - RY 9 C1 -800 CAD -182,400 - Cash and Cash Equivalents
-0.05% TC ENERGY CORP 20Sep2019 66 CALL - TRP 9 C -1,600 CAD -280,000 - Cash and Cash Equivalents
-0.05% GREAT-WEST LIFECO INC 20Sep2019 29 CALL - GWO 9 C -1,300 CAD -273,650 - Cash and Cash Equivalents
-0.06% GREAT-WEST LIFECO INC 18Oct2019 29 CALL - GWO 10 -1,350 CAD -294,975 - Cash and Cash Equivalents
-0.06% POWER CORP OF CANADA 18Oct2019 28 CALL - POW 10 -1,400 CAD -282,100 - Cash and Cash Equivalents
-0.06% SUNCOR ENERGY INC 18Oct2019 40 CALL - SU 10 C -1,100 CAD -305,800 - Cash and Cash Equivalents
-0.07% CANADIAN NATURAL RESOURCES LTD 20Sep2019 34 CALL - CNQ 9 C -1,400 CAD -343,000 - Cash and Cash Equivalents
-0.08% CANADIAN IMPERIAL BANK OF COMM 27Sep2019 105 CALL - 4CM 9 C -900 CAD -432,000 - Cash and Cash Equivalents
-0.09% MANULIFE FINANCIAL CORP 20Sep2019 23 CALL - MFC 9 C -3,800 CAD -456,000 - Cash and Cash Equivalents
-0.10% BANK OF NOVA SCOTIA/THE 20Sep2019 71 CALL - BNS 9 C -1,400 CAD -507,500 - Cash and Cash Equivalents
-0.12% MAGNA INTERNATIONAL INC 20Sep2019 66 CALL - MG 9 C6 -1,100 CAD -605,000 - Cash and Cash Equivalents
-0.14% SUN LIFE FINANCIAL INC 20Sep2019 54 CALL - SLF 9 C -1,600 CAD -736,000 - Cash and Cash Equivalents
0.39% CASH - - 1 CAD 1,988,917 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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