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Overview

Fund Profile

Key Facts

Fund Ticker ZWC
Net Assets (Mn)
(Mar 27, 2020)
$ 466.51
Base Currency CAD
Closing Market Price $ 13.18
12-Month Low/High (Market Price) $ 11.49 / $ 19.78
Closing NAV Price
(Mar 27, 2020)
$ 13.2118
12-Month Low/High (Price (NAV)) $ 11.5453 / $ 19.7701
Annualized Distribution Yield
(Mar 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.

10.61%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 135,510
Distribution Frequency Monthly
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 35,310
Index -
Market Cap ($Bn)
(Feb 28, 2020)
1,420.88
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)
(Mar 27, 2020)
$ 466.51
Market Price $ 13.18
12-Month Low/High (Market Price) $ 11.49 / $ 19.78
Price (NAV) $ 13.2118
12-Month Low/High (Price (NAV)) $ 11.5453 / $ 19.7701
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Mar 27, 2020)
1 Day Change 1 Day % Change
Market Price $ 13.18 $ -0.89 -6.33%
Price (NAV) $ 13.2118 $ -0.8132 -5.80%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Feb 28, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -0.74% 2.18% 2.34% - - 2.12%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Feb 28, 2020

YTD 2019 2018 2017
NAV -6.16% 17.00% -9.92% 7.78%
Index - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Feb 28, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -6.16% -6.97% -6.23% -2.37% -0.74% 4.41% 7.17% - - 6.60%
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 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
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 Mar 27, 2020

Stock

100.39%

Cash and Cash Equivalents

-0.39%

Number of Holdings

69

Total Net Assets

$ 495,223,809.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.17% BCE INC CA05534B7604 BCE 449,181 CAD 24,112,036 Communication Services Stock
5.12% ENBRIDGE INC CA29250N1050 ENB 613,928 CAD 23,863,381 Energy Stock
4.97% TRANSCANADA CORP CA87807B1076 TRP 398,525 CAD 23,198,140 Energy Stock
4.56% EMERA INC CA2908761018 EMA 420,121 CAD 21,262,324 Utilities Stock
4.47% TELUS CORP CA87971M1032 T 982,352 CAD 20,874,980 Communication Services Stock
4.21% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 190,229 CAD 19,641,144 - Stock
4.18% SHAW COMMUNICATIONS INC CA82028K2002 SJR/B 911,077 CAD 19,487,937 Communication Services Stock
4.15% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 357,007 CAD 19,381,910 Financials Stock
3.81% NATIONAL BANK OF CANADA CA6330671034 NA 352,052 CAD 17,757,503 Financials Stock
3.69% ROYAL BANK OF CANADA CA7800871021 RY 208,557 CAD 17,214,295 Financials Stock
3.64% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 218,666 CAD 16,983,788 Financials Stock
3.58% FORTIS INC/CANADA CA3495531079 FTS 335,894 CAD 16,693,932 Utilities Stock
3.58% TORONTO-DOMINION BANK/THE CA8911605092 TD 294,149 CAD 16,698,839 Financials Stock
3.44% GREAT-WEST LIFECO INC CA39138C1068 GWO 712,262 CAD 16,047,263 Financials Stock
3.18% BANK OF MONTREAL CA0636711016 BMO 222,354 CAD 14,822,118 Financials Stock
3.05% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 264,361 CAD 14,225,265 Communication Services Stock
3.04% NUTRIEN LTD CA67077M1086 NTR 325,925 CAD 14,167,960 Materials Stock
2.89% POWER CORP OF CANADA CA7392391016 POW 641,874 CAD 13,505,029 Financials Stock
2.85% SUN LIFE FINANCIAL INC CA8667961053 SLF 313,494 CAD 13,285,876 Financials Stock
2.71% MANULIFE FINANCIAL CORP CA56501R1064 MFC 803,320 CAD 12,660,323 Financials Stock
2.62% PEMBINA PIPELINE CORP CA7063271034 PPL 506,653 CAD 12,230,603 Energy Stock
2.32% RESTAURANT BRANDS INTERNATIONAL INC CA76131D1033 QSR 190,882 CAD 10,811,556 Consumer Discretionary Stock
2.21% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 119,755 CAD 10,312,103 Consumer Discretionary Stock
2.05% THOMSON REUTERS CORP CA8849037095 TRI 110,056 CAD 9,581,475 Industrials Stock
2.04% LOBLAW COS LTD CA5394811015 L 141,380 CAD 9,503,564 Consumer Staples Stock
1.88% MAGNA INTERNATIONAL INC CA5592224011 MG 194,939 CAD 8,752,761 Consumer Discretionary Stock
1.71% INTER PIPELINE LTD CA45833V1094 IPL 943,550 CAD 7,982,433 Energy Stock
1.71% METRO INC/CN CA59162N1096 MRU 142,151 CAD 7,976,093 Consumer Staples Stock
1.61% SAPUTO INC CA8029121057 SAP 229,608 CAD 7,494,405 Consumer Staples Stock
1.51% OPEN TEXT CORP CA6837151068 OTEX 152,987 CAD 7,029,753 Information Technology Stock
1.20% SUNCOR ENERGY INC CA8672241079 SU 342,131 CAD 5,621,212 Energy Stock
1.15% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 404,279 CAD 5,384,996 Energy Stock
1.01% IMPERIAL OIL LTD CA4530384086 IMO 355,272 CAD 4,728,670 Energy Stock
0.62% GILDAN ACTIVEWEAR INC CA3759161035 GIL 163,052 CAD 2,915,370 Consumer Discretionary Stock
0.46% VERMILION ENERGY INC CA9237251058 VET 567,434 CAD 2,133,552 Energy Stock
0.00% ROYAL BANK OF CANADA 17Apr2020 110 CALL - RY 4 C110 -930 CAD -11,625 - Cash and Cash Equivalents
0.00% NUTRIEN LTD 17Apr2020 60 CALL - NTR 4 C60 -1,500 CAD -11,250 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 17Apr2020 74 CALL - BNS 4 C74 -1,700 CAD -20,400 - Cash and Cash Equivalents
0.00% GREAT-WEST LIFECO INC 17Apr2020 32 CALL - GWO 4 C32 -3,400 CAD -17,000 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 17Apr2020 72 CALL - TD 4 C72 -1,400 CAD -22,400 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 17Apr2020 97 CALL - BMO 4 C97 -1,000 CAD -12,500 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 17Apr2020 106 CALL - CM 4 C106 -1,000 CAD -7,500 - Cash and Cash Equivalents
0.00% GILDAN ACTIVEWEAR INC 17Apr2020 22 CALL - GIL 4 C22 -900 CAD -22,500 - Cash and Cash Equivalents
-0.01% ROGERS COMMUNICATIONS INC 17Apr2020 68 CALL - RCI 4 C68 -1,200 CAD -27,600 - Cash and Cash Equivalents
-0.01% SHAW COMMUNICATIONS INC 17Apr2020 27 CALL - SJR 4 C27 -2,000 CAD -55,000 - Cash and Cash Equivalents
-0.01% POWER CORP OF CANADA 17Apr2020 32 CALL - POW 4 C32 -3,000 CAD -45,000 - Cash and Cash Equivalents
-0.01% TELUS CORP 17Apr2020 52 CALL - T 4 C52 -2,300 CAD -29,900 - Cash and Cash Equivalents
-0.01% BCE INC 17Apr2020 62 CALL - BCE 4 C62 -2,400 CAD -31,200 - Cash and Cash Equivalents
-0.01% CANADIAN NATIONAL RAILWAY CO 17Apr2020 115 CALL - CNR 4 C115 -1,000 CAD -43,000 - Cash and Cash Equivalents
-0.01% CANADIAN NATURAL RESOURCES LTD 17Apr2020 18 CALL - CNQ 4 C18 -2,100 CAD -43,050 - Cash and Cash Equivalents
-0.01% SUNCOR ENERGY INC 17Apr2020 21 CALL - SU 4 C21 -1,800 CAD -44,100 - Cash and Cash Equivalents
-0.01% INTER PIPELINE LTD 17Apr2020 13 CALL - IPL 4 C13 -1,300 CAD -47,450 - Cash and Cash Equivalents
-0.01% SUN LIFE FINANCIAL INC 17Apr2020 52 CALL - SLF 4 C52 -1,700 CAD -31,450 - Cash and Cash Equivalents
-0.02% FORTIS INC/CANADA 17Apr2020 60 CALL - FTS 4 C60 -1,600 CAD -75,200 - Cash and Cash Equivalents
-0.02% INTER PIPELINE LTD 17Apr2020 22.5 CALL - IPL 4 C22.5 -2,400 CAD -73,200 - Cash and Cash Equivalents
-0.02% TELUS CORP 17Apr2020 25 CALL - T 4 C25 -5,200 CAD -80,600 - Cash and Cash Equivalents
-0.02% ENBRIDGE INC 17Apr2020 46 CALL - ENB 4 C46 -3,200 CAD -83,200 - Cash and Cash Equivalents
-0.02% MAGNA INTERNATIONAL INC 17Apr2020 50 CALL - MG 4 C50 -1,000 CAD -99,500 - Cash and Cash Equivalents
-0.02% SAPUTO INC 15May2020 36 CALL - SAP 5 C36 -1,200 CAD -72,000 - Cash and Cash Equivalents
-0.02% METRO INC/CN 17Apr2020 64 CALL - MRU 4 C64 -800 CAD -98,400 - Cash and Cash Equivalents
-0.02% CANADIAN TIRE CORP LTD - - -600 CAD -100,500 - Cash and Cash Equivalents
-0.03% LOBLAW COS LTD 17Apr2020 72 CALL - L 4 C72 -700 CAD -131,600 - Cash and Cash Equivalents
-0.03% EMERA INC 17Apr2020 56 CALL - EMA 4 C56 -2,200 CAD -156,200 - Cash and Cash Equivalents
-0.03% TC ENERGY CORP 17Apr2020 66 CALL - TRP 4 C66 -2,100 CAD -131,250 - Cash and Cash Equivalents
-0.03% MANULIFE FINANCIAL CORP 17Apr2020 18 CALL - MFC 4 C18 -4,200 CAD -142,800 - Cash and Cash Equivalents
-0.04% PEMBINA PIPELINE CORP 17Apr2020 54 CALL - PPL 4 C54 -2,300 CAD -175,950 - Cash and Cash Equivalents
-0.09% NATIONAL BANK OF CANADA 17Apr2020 50 CALL - NA 4 C50 -1,900 CAD -429,400 - Cash and Cash Equivalents
-0.10% RESTAURANT BRANDS INTERNATIONA 17Apr2020 58 CALL - QSR 4 C58 -1,000 CAD -445,000 - Cash and Cash Equivalents
0.21% CASH - - 1 CAD 984,307 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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