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Overview

Fund Profile

Key Facts

Fund Ticker ZWH.U
Net Assets (Mn)
(Nov 30, 2020)
$ 58.12
Base Currency USD
Closing Market Price $ 21.14
12-Month Low/High (Market Price) $ 13.90 / $ 22.90
Closing NAV Price
(Nov 30, 2020)
$ 21.1352
12-Month Low/High (Price (NAV)) $ 13.9018 / $ 22.9388
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.

6.60%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 8,172
Distribution Frequency Monthly
Options Available No
Inception Date Feb 12, 2015
Fiscal Year-End December 31
Units Outstanding (000's) 2,750
Index -
Market Cap ($Bn)
(Oct 30, 2020)
7,706.08
Exchange TSX
CUSIP 05579F114
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO US High Dividend Covered Call ETF (US Dollar Units) 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 Fund screens for securities for dividend growth, sustainability, and option liquidity. The Fund also 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 re-balanced to maintain broad sector diversification and options are rolled forward upon expiry. In addition, ZWH may hold other underlying ETFs, the management fees charged are reduced by management fees paid on the underlying ETFs, thereby avoiding duplication of the management fees. The ETF trades in US dollars on the TSX.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of high dividend U.S. companies
  • Call option writing reduces volatility
  • Further diversification from U.S. currency
  • Purchased in U.S. currency
  • 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)
(Nov 30, 2020)
$ 58.12
Market Price $ 21.14
12-Month Low/High (Market Price) $ 13.90 / $ 22.90
Price (NAV) $ 21.1352
12-Month Low/High (Price (NAV)) $ 13.9018 / $ 22.9388
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Nov 30, 2020)
1 Day Change 1 Day % Change
Market Price $ 21.14 $ -0.24 -1.12%
Price (NAV) $ 21.1352 $ -0.1924 -0.90%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -8.45% 1.74% 1.34% 5.06% - 4.94%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017 2016 2015
NAV -12.21% 22.65% -7.26% 12.96% 13.58% 2.85%
Index - - - - - -
Cumulative Performance

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

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV -12.21% -2.04% 1.88% 9.02% -8.45% 3.52% 4.07% 27.98% - 31.75%
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, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.115000 0.000000 0.115000
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 0.115000 0.000000 0.115000
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 0.115000 0.000000 0.115000
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 0.115000 0.000000 0.115000
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 0.115000 0.000000 0.115000
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 0.115000 0.000000 0.115000
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 0.115000 0.000000 0.115000
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 0.115000 0.000000 0.115000
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 0.115000 0.000000 0.115000
Nov, 2020 Nov 27, 2020 Nov 30, 2020 Dec 03, 2020 0.115000 0.000000 0.115000
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
Download Distribution Tax (Excel)
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 Nov 30, 2020

Stock

101.08%

Cash and Cash Equivalents

-1.08%

Number of Holdings

82

Total Net Assets

$ 58,121,828.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.38% DOW INC US2605571031 DOW 559,715 USD 38,533,068 Materials Stock
4.38% INTERNATIONAL PAPER CO US4601461035 IP 600,562 USD 38,591,920 Materials Stock
4.29% METLIFE INC US59156R1086 MET 629,833 USD 37,765,403 Financials Stock
3.97% PRUDENTIAL FINANCIAL INC US7443201022 PRU 355,745 USD 34,936,896 Financials Stock
3.79% PPL CORP US69351T1060 PPL 904,414 USD 33,381,065 Utilities Stock
3.74% BROADCOM INC US11135F1012 AVGO 63,052 USD 32,883,632 Information Technology Stock
3.72% ABBVIE INC US00287Y1091 ABBV 241,390 USD 32,785,118 Health Care Stock
3.68% PFIZER INC US7170811035 PFE 651,642 USD 32,421,273 Health Care Stock
3.53% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 193,837 USD 31,094,445 Information Technology Stock
3.52% UNITED PARCEL SERVICE INC US9113121068 UPS 139,450 USD 30,981,413 Industrials Stock
3.42% SOUTHERN CO/THE US8425871071 SO 387,345 USD 30,107,240 Utilities Stock
3.37% AT&T INC US00206R1023 T 793,670 USD 29,633,753 Communication Services Stock
3.35% WELLS FARGO & CO US9497461015 WFC 829,761 USD 29,472,650 Financials Stock
3.18% TRUIST FINANCIAL CORP US89832Q1094 TFC 463,650 USD 27,951,443 Financials Stock
3.13% VERIZON COMMUNICATIONS INC US92343V1044 VZ 350,657 USD 27,510,608 Communication Services Stock
3.09% QUALCOMM INC US7475251036 QCOM 142,320 USD 27,201,576 Information Technology Stock
3.00% EATON CORP PLC IE00B8KQN827 ETN 167,637 USD 26,366,879 Industrials Stock
2.98% JPMORGAN CHASE & CO US46625H1005 JPM 171,229 USD 26,213,577 Financials Stock
2.90% CATERPILLAR INC US1491231015 CAT 113,369 USD 25,558,058 Industrials Stock
2.81% SYSCO CORP US8718291078 SYY 267,566 USD 24,772,417 Consumer Staples Stock
2.52% PUBLIC STORAGE US74460D1090 PSA 76,071 USD 22,175,168 Real Estate Stock
2.42% TARGET CORP US87612E1064 TGT 91,422 USD 21,315,552 Consumer Discretionary Stock
2.37% MERCK & CO INC US58933Y1055 MRK 199,772 USD 20,856,695 Health Care Stock
2.22% COMCAST CORP US20030N1019 CMCSA 299,921 USD 19,568,852 Communication Services Stock
2.19% VENTAS INC US92276F1003 VTR 310,335 USD 19,309,266 Real Estate Stock
2.16% CVS HEALTH CORP US1266501006 CVS 215,726 USD 18,992,274 Health Care Stock
2.11% MICROSOFT CORP US5949181045 MSFT 66,790 USD 18,568,469 Information Technology Stock
2.10% PROCTER & GAMBLE CO/THE US7427181091 PG 102,694 USD 18,520,911 Consumer Staples Stock
2.06% CISCO SYSTEMS INC US17275R1023 CSCO 325,263 USD 18,172,468 Information Technology Stock
2.02% MCDONALD'S CORP US5801351017 MCD 62,852 USD 17,748,734 Consumer Discretionary Stock
1.95% HOME DEPOT INC/THE US4370761029 HD 47,584 USD 17,143,200 Consumer Discretionary Stock
1.77% VALERO ENERGY CORP US91913Y1001 VLO 223,266 USD 15,590,910 Energy Stock
1.70% LOCKHEED MARTIN CORP US5398301094 LMT 31,531 USD 14,946,498 Industrials Stock
1.66% CHEVRON CORP US1667641005 CVX 129,407 USD 14,651,547 Energy Stock
1.40% INTEL CORP US4581401001 INTC 196,680 USD 12,349,959 Information Technology Stock
0.20% VIATRIS INC US92556V1061 VTRS 80,852 USD 1,766,142 Health Care Stock
0.00% PPL CORP - - -2,700 USD -24,545 - Cash and Cash Equivalents
0.00% AT&T INC 27Nov2020 30 CALL - T 11 C30 -2,000 USD -2,597 - Cash and Cash Equivalents
0.00% AT&T INC 04Dec2020 29.5 CALL - T 12 C29.5 -2,000 USD -12,987 - Cash and Cash Equivalents
0.00% UNITED PARCEL SERVICE INC 11Dec2020 185 CALL - UPS 12 C185 -800 USD -31,169 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 18Dec2020 62.5 CALL - VZ 12 C62.5 -1,900 USD -41,948 - Cash and Cash Equivalents
0.00% HOME DEPOT INC/THE 18Dec2020 310 CALL - HD 12 C310 -270 USD -5,961 - Cash and Cash Equivalents
0.00% TRUIST FINANCIAL CORP 18Dec2020 55 CALL - TFC 12 C55 -500 USD -3,247 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 18Dec2020 67.5 CALL - SO 12 C67.5 -2,000 USD -7,792 - Cash and Cash Equivalents
0.00% VALERO ENERGY CORP 18Dec2020 65 CALL - VLO 12 C65 -1,100 USD -35,714 - Cash and Cash Equivalents
0.00% CATERPILLAR INC 18Dec2020 190 CALL - CAT 12 C190 -600 USD -38,182 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 18Dec2020 45 CALL - CSCO 12 C45 -1,400 USD -38,182 - Cash and Cash Equivalents
0.00% LOCKHEED MARTIN CORP 18Dec2020 405 CALL - LMT 12 C405 -170 USD -7,727 - Cash and Cash Equivalents
0.00% PROCTER & GAMBLE CO/THE 18Dec2020 145 CALL - PG 12 C145 -600 USD -35,065 - Cash and Cash Equivalents
0.00% SYSCO CORP 18Dec2020 80 CALL - SYY 12 C80 -1,400 USD -36,364 - Cash and Cash Equivalents
0.00% VENTAS INC 18Dec2020 55 CALL - VTR 12 C55 -1,000 USD -15,584 - Cash and Cash Equivalents
0.00% CVS HEALTH CORP 18Dec2020 72.5 CALL - CVS 12 C72.5 -1,100 USD -41,429 - Cash and Cash Equivalents
0.00% DOW INC 18Dec2020 60 CALL - DOW 12 C60 -1,300 USD -18,571 - Cash and Cash Equivalents
0.00% MERCK & CO INC 24Dec2020 86 CALL - MRK 12 C86 -1,000 USD -24,675 - Cash and Cash Equivalents
0.00% MICROSOFT CORP 18Dec2020 230 CALL - MSFT 12 C230 -300 USD -28,831 - Cash and Cash Equivalents
0.00% QUALCOMM INC 18Dec2020 165 CALL - QCOM 12 C165 -700 USD -41,818 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 18Dec2020 54 CALL - IP 12 C54 -1,500 USD -29,221 - Cash and Cash Equivalents
0.00% MCDONALD'S CORP 24Dec2020 227.5 CALL - MCD 12 C227.5 -300 USD -35,065 - Cash and Cash Equivalents
0.00% METLIFE INC 31Dec2020 52.5 CALL - MET 12 C52.5 -1,300 USD -37,143 - Cash and Cash Equivalents
-0.01% INTEL CORP 18Dec2020 50 CALL - INTC 12 C50 -1,000 USD -80,519 - Cash and Cash Equivalents
-0.01% DOW INC 18Dec2020 57.5 CALL - DOW 12 C57.5 -1,500 USD -64,286 - Cash and Cash Equivalents
-0.01% CHEVRON CORP 18Dec2020 95 CALL - CVX 12 C95 -700 USD -59,091 - Cash and Cash Equivalents
-0.01% INTERNATIONAL PAPER CO 24Dec2020 54 CALL - IP 12 C54 -1,400 USD -63,636 - Cash and Cash Equivalents
-0.01% COMCAST CORP 18Dec2020 52.5 CALL - CMCSA 12 C52.5 -1,500 USD -75,974 - Cash and Cash Equivalents
-0.01% JPMORGAN CHASE & CO 18Dec2020 125 CALL - JPM 12 C125 -900 USD -106,364 - Cash and Cash Equivalents
-0.01% METLIFE INC 18Dec2020 50 CALL - MET 12 C50 -1,500 USD -54,545 - Cash and Cash Equivalents
-0.01% PPL CORP 15Jan2021 31 CALL - PPL 1 C31 -1,900 USD -49,351 - Cash and Cash Equivalents
-0.01% PRUDENTIAL FINANCIAL INC 18Dec2020 80 CALL - PRU 12 C80 -900 USD -75,974 - Cash and Cash Equivalents
-0.01% TRUIST FINANCIAL CORP 18Dec2020 50 CALL - TFC 12 C50 -1,800 USD -95,844 - Cash and Cash Equivalents
-0.01% EATON CORP PLC 18Dec2020 126 CALL - ETN 12 C126 -900 USD -119,805 - Cash and Cash Equivalents
-0.01% PFIZER INC 18Dec2020 42 CALL - PFE 12 C42 -1,500 USD -89,610 - Cash and Cash Equivalents
-0.01% PUBLIC STORAGE 15Jan2021 240 CALL - PSA 1 C240 -400 USD -77,922 - Cash and Cash Equivalents
-0.02% METLIFE INC 27Nov2020 45 CALL - MET 11 C45 -650 USD -217,792 - Cash and Cash Equivalents
-0.02% PFIZER INC - - -1,800 USD -135,584 - Cash and Cash Equivalents
-0.02% BROADCOM INC 18Dec2020 430 CALL - AVGO 12 C430 -320 USD -170,389 - Cash and Cash Equivalents
-0.02% TARGET CORP 18Dec2020 185 CALL - TGT 12 C185 -500 USD -140,909 - Cash and Cash Equivalents
-0.02% WELLS FARGO & CO 18Dec2020 27.5 CALL - WFC 12 C27.5 -1,200 USD -135,584 - Cash and Cash Equivalents
-0.02% INTERNATIONAL BUSINESS MACHINE 18Dec2020 127 CALL - IBM 12 C127 -800 USD -141,299 - Cash and Cash Equivalents
-0.03% PRUDENTIAL FINANCIAL INC 18Dec2020 75 CALL - PRU 12 C75 -900 USD -292,207 - Cash and Cash Equivalents
-0.08% WELLS FARGO & CO 18Dec2020 25 CALL - WFC 12 C25 -2,000 USD -667,532 - Cash and Cash Equivalents
-0.10% ABBVIE INC 18Dec2020 100 CALL - ABBV 12 C100 -1,300 USD -908,311 - Cash and Cash Equivalents
-0.58% CASH - - 1 CAD -5,114,900 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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