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Overview

Fund Profile

Key Facts

Fund Ticker ZWC
Net Assets (Mn)
(Dec 03, 2020)
$ 716.02
Base Currency CAD
Closing Market Price $ 16.48
12-Month Low/High (Market Price) $ 11.49 / $ 19.43
Closing NAV Price
(Dec 03, 2020)
$ 16.3437
12-Month Low/High (Price (NAV)) $ 11.5453 / $ 19.4275
Annualized Distribution Yield
(Nov 20, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

8.15%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 624,536
Distribution Frequency Monthly
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 43,810
Index -
Market Cap ($Bn)
(Oct 30, 2020)
1,272.33
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)
(Dec 03, 2020)
$ 716.02
Market Price $ 16.48
12-Month Low/High (Market Price) $ 11.49 / $ 19.43
Price (NAV) $ 16.3437
12-Month Low/High (Price (NAV)) $ 11.5453 / $ 19.4275
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Dec 03, 2020)
1 Day Change 1 Day % Change
Market Price $ 16.48 $ 0.08 0.49%
Price (NAV) $ 16.3437 $ 0.0851 0.52%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Nov 30, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -7.64% 1.01% -0.75% - - 1.29%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Nov 30, 2020

YTD 2019 2018 2017
NAV -7.58% 17.00% -9.92% 7.78%
Index - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Nov 30, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -7.58% 9.55% 6.56% 12.99% -7.64% 2.03% -2.22% - - 4.99%
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 0.110000 0.000000 0.110000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.110000 0.000000 0.110000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 0.110000 0.000000 0.110000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.110000 0.000000 0.110000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.110000 0.000000 0.110000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.110000 0.000000 0.110000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.110000 0.000000 0.110000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.110000 0.000000 0.110000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.110000 0.000000 0.110000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.110000 0.000000 0.110000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.110000 0.000000 0.110000
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
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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 Dec 04, 2020

Stock

100.98%

Cash and Cash Equivalents

-0.98%

Number of Holdings

79

Total Net Assets

$ 716,015,745.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.69% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 501,055 CAD 33,821,213 Financials Stock
4.66% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 303,535 CAD 33,628,643 Financials Stock
4.58% MANULIFE FINANCIAL CORP CA56501R1064 MFC 1,416,818 CAD 33,011,859 Financials Stock
4.08% NUTRIEN LTD CA67077M1086 NTR 455,254 CAD 29,450,381 Materials Stock
4.03% BCE INC CA05534B7604 BCE 507,912 CAD 29,098,278 Communication Services Stock
3.97% ENBRIDGE INC CA29250N1050 ENB 671,559 CAD 28,635,276 Energy Stock
3.84% TORONTO-DOMINION BANK/THE CA8911605092 TD 390,492 CAD 27,685,883 Financials Stock
3.76% BANK OF MONTREAL CA0636711016 BMO 276,782 CAD 27,138,475 Financials Stock
3.55% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 184,421 CAD 25,634,519 Industrials Stock
3.54% PEMBINA PIPELINE CORP CA7063271034 PPL 751,727 CAD 25,558,718 Energy Stock
3.54% TELUS CORP CA87971M1032 T 1,002,326 CAD 25,509,197 Communication Services Stock
3.50% NATIONAL BANK OF CANADA CA6330671034 NA 351,717 CAD 25,267,349 Financials Stock
3.48% TRANSCANADA CORP CA87807B1076 TRP 426,570 CAD 25,107,910 Energy Stock
3.44% ROYAL BANK OF CANADA CA7800871021 RY 235,637 CAD 24,777,231 Financials Stock
3.44% SHAW COMMUNICATIONS INC CA82028K2002 SJR/B 1,071,142 CAD 24,786,226 Communication Services Stock
3.38% GREAT-WEST LIFECO INC CA39138C1068 GWO 819,310 CAD 24,399,052 Financials Stock
3.28% SUN LIFE FINANCIAL INC CA8667961053 SLF 413,390 CAD 23,629,372 Financials Stock
3.24% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 141,598 CAD 23,389,158 Consumer Discretionary Stock
3.03% POWER CORP OF CANADA CA7392391016 POW 728,451 CAD 21,860,815 Financials Stock
3.02% FORTIS INC/CANADA CA3495531079 FTS 416,729 CAD 21,782,425 Utilities Stock
3.00% EMERA INC CA2908761018 EMA 398,287 CAD 21,615,035 Utilities Stock
2.75% MAGNA INTERNATIONAL INC CA5592224011 MG 244,078 CAD 19,828,897 Consumer Discretionary Stock
2.54% RESTAURANT BRANDS INTERNATIONAL INC CA76131D1033 QSR 236,867 CAD 18,321,662 Consumer Discretionary Stock
2.48% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 293,034 CAD 17,895,586 Communication Services Stock
2.24% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 501,604 CAD 16,126,569 Energy Stock
1.70% THOMSON REUTERS CORP CA8849037095 TRI 117,953 CAD 12,283,625 Industrials Stock
1.62% BROOKFIELD INFRASTRUCTURE PARTNERS LP BMG162521014 BIP-U 179,176 CAD 11,718,110 Utilities Stock
1.56% SAPUTO INC CA8029121057 SAP 302,298 CAD 11,230,371 Consumer Staples Stock
1.54% LOBLAW COS LTD CA5394811015 L 175,380 CAD 11,141,891 Consumer Staples Stock
1.53% IMPERIAL OIL LTD CA4530384086 IMO 455,917 CAD 11,060,546 Energy Stock
1.50% ALGONQUIN POWER & UTILITIES CORP CA0158571053 AQN 529,249 CAD 10,854,897 Utilities Stock
1.39% HYDRO ONE LTD CA4488112083 H 341,984 CAD 10,037,230 Utilities Stock
1.10% METRO INC/CN CA59162N1096 MRU 133,070 CAD 7,918,996 Consumer Staples Stock
1.09% OPEN TEXT CORP CA6837151068 OTEX 133,750 CAD 7,828,388 Information Technology Stock
0.65% GEORGE WESTON LTD CA9611485090 WN 48,040 CAD 4,670,929 Consumer Staples Stock
0.00% ALGONQUIN POWER & UTILITIES CO - - -2,600 CAD -13,000 - Cash and Cash Equivalents
0.00% CANADIAN NATIONAL RAILWAY CO - - -1,000 CAD -6,000 - Cash and Cash Equivalents
0.00% EMERA INC - - -1,000 CAD -4,000 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA - - -1,100 CAD -6,050 - Cash and Cash Equivalents
0.00% GEORGE WESTON LTD 18Dec2020 105 CALL - WN 12 C105 -200 CAD -4,600 - Cash and Cash Equivalents
0.00% HYDRO ONE LTD 18Dec2020 31 CALL - H 12 C31 -1,600 CAD -6,400 - Cash and Cash Equivalents
0.00% SAPUTO INC - - -700 CAD -11,550 - Cash and Cash Equivalents
0.00% SHAW COMMUNICATIONS INC 18Dec2020 25 CALL - SJR 12 C25 -2,700 CAD -12,150 - Cash and Cash Equivalents
0.00% TC ENERGY CORP 18Dec2020 62 CALL - TRP 12 C62 -2,100 CAD -25,200 - Cash and Cash Equivalents
0.00% EMERA INC 15Jan2021 58 CALL - EMA 1 C58 -1,000 CAD -11,000 - Cash and Cash Equivalents
0.00% GREAT-WEST LIFECO INC 15Jan2021 31.5 CALL - GWO 1 C31.5 -1,900 CAD -30,400 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 18Dec2020 115 CALL - CM 12 C115 -1,500 CAD -21,750 - Cash and Cash Equivalents
0.00% FORTIS INC/CANADA 15Jan2021 58 CALL - FTS 1 C58 -1,000 CAD -9,500 - Cash and Cash Equivalents
0.00% LOBLAW COS LTD 18Dec2020 66 CALL - L 12 C66 -900 CAD -9,900 - Cash and Cash Equivalents
0.00% METRO INC/CN 15Jan2021 64 CALL - MRU 1 C64 -700 CAD -14,000 - Cash and Cash Equivalents
0.00% POWER CORP OF CANADA 15Jan2021 31 CALL - POW 1 C31 -1,700 CAD -33,150 - Cash and Cash Equivalents
0.00% THOMSON REUTERS CORP 18Dec2020 110 CALL - TRI 12 C110 -600 CAD -13,800 - Cash and Cash Equivalents
0.00% BROOKFIELD INFRASTRUCTURE PART 18Dec2020 70 CALL - BIP 12 C70 -900 CAD -13,950 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 18Dec2020 74 CALL - NA 12 C74 -1,800 CAD -36,000 - Cash and Cash Equivalents
0.00% SUN LIFE FINANCIAL INC 15Jan2021 62 CALL - SLF 1 C62 -2,100 CAD -21,000 - Cash and Cash Equivalents
0.00% GREAT-WEST LIFECO INC 08Jan2021 31.5 CALL - 2GWO 1 C31.5 -2,200 CAD -26,400 - Cash and Cash Equivalents
-0.01% MAGNA INTERNATIONAL INC 18Dec2020 84 CALL - MG 12 C84 -1,400 CAD -94,500 - Cash and Cash Equivalents
-0.01% POWER CORP OF CANADA 18Dec2020 30 CALL - POW 12 C30 -1,700 CAD -65,450 - Cash and Cash Equivalents
-0.01% TORONTO-DOMINION BANK/THE 18Dec2020 72 CALL - TD 12 C72 -2,000 CAD -90,000 - Cash and Cash Equivalents
-0.01% BCE INC 18Dec2020 58 CALL - BCE 12 C58 -2,600 CAD -54,600 - Cash and Cash Equivalents
-0.01% IMPERIAL OIL LTD 18Dec2020 25 CALL - IMO 12 C25 -2,200 CAD -74,800 - Cash and Cash Equivalents
-0.01% OPEN TEXT CORP 18Dec2020 58 CALL - OTEX 12 C58 -700 CAD -80,500 - Cash and Cash Equivalents
-0.01% RESTAURANT BRANDS INTERNATIONA 15Jan2021 82 CALL - QSR 1 C82 -1,200 CAD -75,000 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA 18Dec2020 108 CALL - RY 12 C108 -1,200 CAD -42,000 - Cash and Cash Equivalents
-0.01% SHAW COMMUNICATIONS INC 15Jan2021 25 CALL - SJR 1 C25 -2,700 CAD -36,450 - Cash and Cash Equivalents
-0.02% PEMBINA PIPELINE CORP - - -397 CAD -125,650 - Cash and Cash Equivalents
-0.02% SAPUTO INC 15Jan2021 36 CALL - SAP 1 C36 -800 CAD -126,000 - Cash and Cash Equivalents
-0.03% TELUS CORP 18Dec2020 25 CALL - T 12 C25 -4,800 CAD -216,000 - Cash and Cash Equivalents
-0.03% PEMBINA PIPELINE CORP 15Jan2021 34 CALL - PPL 1 C34 -1,700 CAD -195,500 - Cash and Cash Equivalents
-0.04% MANULIFE FINANCIAL CORP 15Jan2021 23 CALL - MFC 1 C23 -3,500 CAD -266,000 - Cash and Cash Equivalents
-0.05% MANULIFE FINANCIAL CORP 18Dec2020 22.5 CALL - MFC 12 C22.5 -3,800 CAD -342,000 - Cash and Cash Equivalents
-0.06% ROGERS COMMUNICATIONS INC - - -1,400 CAD -437,500 - Cash and Cash Equivalents
-0.06% BANK OF MONTREAL 18Dec2020 96 CALL - BMO 12 C96 -1,600 CAD -446,400 - Cash and Cash Equivalents
-0.08% CANADIAN NATURAL RESOURCES LTD 18Dec2020 30 CALL - CNQ 12 C30 -2,500 CAD -577,500 - Cash and Cash Equivalents
-0.08% ENBRIDGE INC 18Dec2020 41 CALL - ENB 12 C41 -3,400 CAD -612,000 - Cash and Cash Equivalents
-0.10% CANADIAN TIRE CORP LTD - - -700 CAD -749,000 - Cash and Cash Equivalents
-0.12% NUTRIEN LTD 15Jan2021 62 CALL - NTR 1 C62 -2,400 CAD -888,000 - Cash and Cash Equivalents
-0.29% BANK OF NOVA SCOTIA/THE 04Dec2020 59 CALL - 1BNS 12 C59 -2,500 CAD -2,112,500 - Cash and Cash Equivalents
0.37% CASH - - 1 CAD 2,641,638 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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