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Overview

Fund Profile

Key Facts

Fund Ticker ZWC
Net Assets (Mn)
(Feb 14, 2020)
$ 589.71
Base Currency CAD
Closing Market Price $ 19.33
12-Month Low/High (Market Price) $ 18.24 / $ 19.78
Closing NAV Price
(Feb 14, 2020)
$ 19.3283
12-Month Low/High (Price (NAV)) $ 18.2378 / $ 19.7701
Annualized Distribution Yield
(Feb 07, 2020)

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

6.85%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 112,511
Distribution Frequency Monthly
Options Available No
Inception Date Feb 09, 2017
Fiscal Year-End December 31
Units Outstanding (000's) 30,510
Index -
Market Cap ($Bn)
(Jan 31, 2020)
1,503.7
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)
(Feb 14, 2020)
$ 589.71
Market Price $ 19.33
12-Month Low/High (Market Price) $ 18.24 / $ 19.78
Price (NAV) $ 19.3283
12-Month Low/High (Price (NAV)) $ 18.2378 / $ 19.7701
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 14, 2020)
1 Day Change 1 Day % Change
Market Price $ 19.33 - -
Price (NAV) $ 19.3283 $ 0.0105 0.05%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 9.87% 4.36% - - - 4.68%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018 2017
NAV 0.87% 17.00% -9.92% 7.78%
Index - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 0.87% 0.87% 3.94% 4.38% 9.87% 8.90% - - - 14.59%
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 - 0.110000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 - - -
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
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 Feb 13, 2020

Stock

100.61%

Cash and Cash Equivalents

-0.61%

Number of Holdings

72

Total Net Assets

$ 589,705,213.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
5.02% ENBRIDGE INC CA29250N1050 ENB 528,717 CAD 29,475,973 Energy Stock
4.51% TC ENERGY CORP CA87807B1076 TRP 358,155 CAD 26,467,655 Energy Stock
4.22% BCE INC CA05534B7604 BCE 386,853 CAD 24,816,620 Communication Services Stock
4.09% PEMBINA PIPELINE CORP CA7063271034 PPL 456,273 CAD 24,018,211 Energy Stock
4.02% TELUS CORP CA87971M1032 T 432,984 CAD 23,610,618 Communication Services Stock
3.91% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 307,468 CAD 22,964,785 Financials Stock
3.80% NATIONAL BANK OF CANADA CA6330671034 NA 303,199 CAD 22,351,830 Financials Stock
3.65% GREAT-WEST LIFECO INC CA39138C1068 GWO 613,429 CAD 21,414,806 Financials Stock
3.63% EMERA INC CA2908761018 EMA 361,811 CAD 21,332,377 Utilities Stock
3.55% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 188,335 CAD 20,833,618 Financials Stock
3.47% CANADIAN NATIONAL RAILWAY CO CA1363751027 CNR 163,818 CAD 20,400,256 Industrials Stock
3.46% SHAW COMMUNICATIONS INC CA82028K2002 SJR/B 784,657 CAD 20,322,616 Communication Services Stock
3.32% BANK OF MONTREAL CA0636711016 BMO 191,484 CAD 19,483,497 Financials Stock
3.31% ROYAL BANK OF CANADA CA7800871021 RY 179,598 CAD 19,452,259 Financials Stock
3.26% POWER CORP OF CANADA CA7392391016 POW 552,792 CAD 19,132,131 Financials Stock
3.23% TORONTO-DOMINION BANK/THE CA8911605092 TD 253,332 CAD 18,992,300 Financials Stock
3.22% SUN LIFE FINANCIAL INC CA8667961053 SLF 289,917 CAD 18,922,883 Financials Stock
3.08% MANULIFE FINANCIAL CORP CA56501R1064 MFC 691,845 CAD 18,091,747 Financials Stock
3.07% FORTIS INC/CANADA CA3495531079 FTS 308,350 CAD 18,019,974 Utilities Stock
2.99% INTER PIPELINE LTD CA45833V1094 IPL 812,622 CAD 17,536,383 Energy Stock
2.71% NUTRIEN LTD CA67077M1086 NTR 280,698 CAD 15,907,156 Materials Stock
2.57% CANADIAN TIRE CORP LTD CA1366812024 CTC/A 103,144 CAD 15,089,967 Consumer Discretionary Stock
2.55% ROGERS COMMUNICATIONS INC CA7751092007 RCI/B 227,660 CAD 14,989,134 Communication Services Stock
2.46% RESTAURANT BRANDS INTERNATIONAL INC CA76131D1033 QSR 164,373 CAD 14,456,605 Consumer Discretionary Stock
2.31% CANADIAN NATURAL RESOURCES LTD CA1363851017 CNQ 348,174 CAD 13,557,896 Energy Stock
1.97% MAGNA INTERNATIONAL INC CA5592224011 MG 167,891 CAD 11,597,910 Consumer Discretionary Stock
1.96% SUNCOR ENERGY INC CA8672241079 SU 294,650 CAD 11,526,708 Energy Stock
1.75% THOMSON REUTERS CORP CA8849037095 TRI 94,768 CAD 10,260,531 Industrials Stock
1.65% IMPERIAL OIL LTD CA4530384086 IMO 305,978 CAD 9,720,921 Energy Stock
1.57% VERMILION ENERGY INC CA9237251058 VET 488,691 CAD 9,231,373 Energy Stock
1.47% LOBLAW COS LTD CA5394811015 L 121,780 CAD 8,626,895 Consumer Staples Stock
1.40% OPEN TEXT CORP CA6837151068 OTEX 131,770 CAD 8,246,167 Information Technology Stock
1.39% SAPUTO INC CA8029121057 SAP 197,758 CAD 8,141,697 Consumer Staples Stock
1.17% METRO INC/CN CA59162N1096 MRU 122,404 CAD 6,849,728 Consumer Staples Stock
0.89% GILDAN ACTIVEWEAR INC CA3759161035 GIL 140,414 CAD 5,223,401 Consumer Discretionary Stock
0.00% BANK OF MONTREAL 21Feb2020 104 CALL - BMO 2 C104 -1,000 CAD -5,500 - Cash and Cash Equivalents
0.00% INTER PIPELINE LTD 21Feb2020 23.5 CALL - IPL 2 C23.5 -2,000 CAD -9,000 - Cash and Cash Equivalents
0.00% SHAW COMMUNICATIONS INC 21Feb2020 28 CALL - SJR 2 C28 -2,000 CAD -9,000 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 21Feb2020 75 CALL - BNS 2 C75 -1,600 CAD -28,800 - Cash and Cash Equivalents
0.00% MANULIFE FINANCIAL CORP 21Feb2020 27 CALL - MFC 2 C27 -3,500 CAD -17,500 - Cash and Cash Equivalents
0.00% SAPUTO INC 21Feb2020 42 CALL - SAP 2 C42 -1,000 CAD -10,500 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 21Feb2020 76 CALL - TD 2 C76 -1,300 CAD -10,400 - Cash and Cash Equivalents
0.00% NUTRIEN LTD 21Feb2020 66 CALL - NTR 2 C66 -1,400 CAD -7,000 - Cash and Cash Equivalents
0.00% GILDAN ACTIVEWEAR INC 20Mar2020 42 CALL - GIL 3 C42 -700 CAD -17,500 - Cash and Cash Equivalents
0.00% IMPERIAL OIL LTD 20Mar2020 38 CALL - IMO 3 C38 -1,500 CAD -4,500 - Cash and Cash Equivalents
0.00% INTER PIPELINE LTD 20Mar2020 23 CALL - IPL 3 C23 -1,900 CAD -28,500 - Cash and Cash Equivalents
0.00% MAGNA INTERNATIONAL INC 20Mar2020 76 CALL - MG 3 C76 -900 CAD -13,950 - Cash and Cash Equivalents
0.00% METRO INC/CN 21Feb2020 56 CALL - MRU 2 C56 -600 CAD -22,500 - Cash and Cash Equivalents
0.00% OPEN TEXT CORP 21Feb2020 64 CALL - OTEX 2 C64 -700 CAD -19,250 - Cash and Cash Equivalents
0.00% SHAW COMMUNICATIONS INC 21Feb2020 27 CALL - SJR 2 C27 -1,800 CAD -6,300 - Cash and Cash Equivalents
0.00% VERMILION ENERGY INC 20Mar2020 23 CALL - VET 3 C23 -2,500 CAD -13,750 - Cash and Cash Equivalents
0.00% CANADIAN NATURAL RESOURCES LTD 21Feb2020 44 CALL - CNQ 2 C44 -1,800 CAD -1,800 - Cash and Cash Equivalents
0.00% SUNCOR ENERGY INC 21Feb2020 46 CALL - SU 2 C46 -1,500 CAD -3,000 - Cash and Cash Equivalents
0.00% ROGERS COMMUNICATIONS INC 21Feb2020 68 CALL - RCI 2 C68 -1,200 CAD -4,800 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA 21Feb2020 106 CALL - RY 2 C106 -307 CAD -74,601 - Cash and Cash Equivalents
-0.01% CANADIAN NATIONAL RAILWAY CO 21Feb2020 125 CALL - CNR 2 C125 -800 CAD -68,800 - Cash and Cash Equivalents
-0.01% CANADIAN IMPERIAL BANK OF COMM 21Feb2020 111 CALL - CM 2 C111 -1,000 CAD -30,000 - Cash and Cash Equivalents
-0.01% GREAT-WEST LIFECO INC 21Feb2020 35 CALL - GWO 2 C35 -2,750 CAD -71,500 - Cash and Cash Equivalents
-0.01% LOBLAW COS LTD 21Feb2020 70 CALL - L 2 C70 -600 CAD -61,800 - Cash and Cash Equivalents
-0.01% CANADIAN TIRE CORP LTD 20Mar2020 155 CALL - CTC 3 C155 -500 CAD -37,500 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 20Mar2020 75 CALL - NA 3 C75 -1,500 CAD -60,000 - Cash and Cash Equivalents
-0.01% EMERA INC 20Mar2020 61 CALL - EMA 3 C61 -1,800 CAD -48,600 - Cash and Cash Equivalents
-0.01% ENBRIDGE INC 20Mar2020 58 CALL - ENB 3 C58 -2,700 CAD -59,400 - Cash and Cash Equivalents
-0.03% THOMSON REUTERS CORP 21Feb2020 105 CALL - TRI 2 C105 -500 CAD -172,500 - Cash and Cash Equivalents
-0.04% BCE INC 21Feb2020 63 CALL - BCE 2 C63 -2,000 CAD -246,000 - Cash and Cash Equivalents
-0.04% RESTAURANT BRANDS INTERNATIONA 21Feb2020 86 CALL - QSR 2 C86 -900 CAD -209,250 - Cash and Cash Equivalents
-0.05% POWER CORP OF CANADA 21Feb2020 34 CALL - POW 2 C34 -2,800 CAD -266,000 - Cash and Cash Equivalents
-0.05% TC ENERGY CORP 21Feb2020 72 CALL - TRP 2 C72 -1,800 CAD -306,000 - Cash and Cash Equivalents
-0.06% SUN LIFE FINANCIAL INC 21Feb2020 63 CALL - SLF 2 C63 -1,500 CAD -344,250 - Cash and Cash Equivalents
-0.09% TELUS CORP 21Feb2020 52 CALL - T 2 C52 -2,200 CAD -539,000 - Cash and Cash Equivalents
-0.14% PEMBINA PIPELINE CORP 21Feb2020 49 CALL - PPL 2 C49 -2,300 CAD -839,500 - Cash and Cash Equivalents
0.01% CASH - - 1 CAD 55,980 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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