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Overview

Fund Profile

Key Facts

Fund Ticker ZWH.U
Net Assets (Mn)
(Feb 27, 2020)
$ 97.61
Base Currency USD
Closing Market Price $ 20.40
12-Month Low/High (Market Price) $ 20.23 / $ 22.90
Closing NAV Price
(Feb 27, 2020)
$ 19.7201
12-Month Low/High (Price (NAV)) $ 19.7201 / $ 22.9388
Annualized Distribution Yield
(Feb 21, 2020)

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

5.90%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 20,231
Distribution Frequency Monthly
Options Available No
Inception Date Feb 12, 2015
Fiscal Year-End December 31
Units Outstanding (000's) 4,950
Index -
Market Cap ($Bn)
(Jan 31, 2020)
7,654.13
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)
(Feb 27, 2020)
$ 97.61
Market Price $ 20.40
12-Month Low/High (Market Price) $ 20.23 / $ 22.90
Price (NAV) $ 19.7201
12-Month Low/High (Price (NAV)) $ 19.7201 / $ 22.9388
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 27, 2020)
1 Day Change 1 Day % Change
Market Price $ 20.40 $ -0.37 -1.78%
Price (NAV) $ 19.7201 $ -1.0107 -4.88%

Performance

Annualized Performance

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

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 11.44% 3.64% 7.51% - - 7.75%
Index - - - - - -
Calendar Performance

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

YTD 2019 2018 2017 2016 2015
NAV -3.44% 22.65% -7.26% 12.96% 13.58% 2.85%
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 -3.44% -3.44% 0.69% 4.28% 11.44% 7.42% 24.26% - - 44.91%
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 0.115000 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 - - -
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 - - -
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 Feb 27, 2020

Stock

100.38%

Cash and Cash Equivalents

-0.38%

Number of Holdings

78

Total Net Assets

$ 102,617,262.00


Download Holdings (Excel)
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Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
4.36% INTERNATIONAL BUSINESS MACHINES CORP US4592001014 IBM 222,680 USD 39,666,981 Information Technology Stock
4.35% ABBVIE INC US00287Y1091 ABBV 346,335 USD 39,590,702 Health Care Stock
4.26% AT&T INC US00206R1023 T 809,499 USD 38,706,739 Communication Services Stock
3.94% PPL CORP US69351T1060 PPL 864,576 USD 35,856,014 Utilities Stock
3.68% VERIZON COMMUNICATIONS INC US92343V1044 VZ 454,157 USD 33,464,125 Communication Services Stock
3.64% GENERAL MOTORS CO US37045V1008 GM 804,641 USD 33,068,860 Consumer Discretionary Stock
3.60% SOUTHERN CO/THE US8425871071 SO 388,617 USD 32,701,794 Utilities Stock
3.52% PFIZER INC US7170811035 PFE 701,039 USD 31,991,442 Health Care Stock
3.52% PRUDENTIAL FINANCIAL INC US7443201022 PRU 308,532 USD 32,007,461 Financials Stock
3.06% EATON CORP PLC IE00B8KQN827 ETN 223,264 USD 27,858,531 Industrials Stock
3.03% METLIFE INC US59156R1086 MET 469,194 USD 27,558,481 Financials Stock
3.02% WELLS FARGO & CO US9497461015 WFC 482,307 USD 27,412,149 Financials Stock
2.96% INTERNATIONAL PAPER CO US4601461035 IP 543,378 USD 26,949,128 Materials Stock
2.95% PUBLIC STORAGE US74460D1090 PSA 94,872 USD 26,828,436 Real Estate Stock
2.90% DOW INC US2605571031 DOW 498,785 USD 26,399,586 Materials Stock
2.82% VENTAS INC US92276F1003 VTR 348,790 USD 25,676,920 Real Estate Stock
2.74% TRUIST FINANCIAL CORP US89832Q1094 TFC 391,303 USD 24,900,092 Financials Stock
2.67% CISCO SYSTEMS INC US17275R1023 CSCO 453,151 USD 24,281,430 Information Technology Stock
2.67% MCDONALD'S CORP US5801351017 MCD 90,332 USD 24,298,247 Consumer Discretionary Stock
2.60% QUALCOMM INC US7475251036 QCOM 232,736 USD 23,652,193 Information Technology Stock
2.58% HOME DEPOT INC/THE US4370761029 HD 77,881 USD 23,422,315 Consumer Discretionary Stock
2.54% LOCKHEED MARTIN CORP US5398301094 LMT 44,819 USD 23,067,934 Industrials Stock
2.52% OCCIDENTAL PETROLEUM CORP US6745991058 OXY 537,283 USD 22,871,994 Energy Stock
2.47% MERCK & CO INC US58933Y1055 MRK 214,907 USD 22,455,753 Health Care Stock
2.46% UNITED PARCEL SERVICE INC US9113121068 UPS 185,243 USD 22,370,626 Industrials Stock
2.44% CATERPILLAR INC US1491231015 CAT 134,223 USD 22,142,242 Industrials Stock
2.35% JPMORGAN CHASE & CO US46625H1005 JPM 131,641 USD 21,381,579 Financials Stock
2.27% CVS HEALTH CORP US1266501006 CVS 259,456 USD 20,600,384 Health Care Stock
2.25% MICROSOFT CORP US5949181045 MSFT 96,557 USD 20,439,609 Information Technology Stock
2.23% INTEL CORP US4581401001 INTC 271,907 USD 20,315,395 Information Technology Stock
2.22% PROCTER & GAMBLE CO/THE US7427181091 PG 132,647 USD 20,147,935 Consumer Staples Stock
2.17% CHEVRON CORP US1667641005 CVX 156,308 USD 19,690,036 Energy Stock
1.90% SYSCO CORP US8718291078 SYY 185,113 USD 17,261,650 Consumer Staples Stock
1.89% TARGET CORP US87612E1064 TGT 121,365 USD 17,154,453 Consumer Discretionary Stock
1.79% VALERO ENERGY CORP US91913Y1001 VLO 184,201 USD 16,316,298 Energy Stock
0.00% PUBLIC STORAGE 20Mar2020 230 CALL - PSA 3 C230 -500 USD -33,456 - Cash and Cash Equivalents
0.00% SOUTHERN CO/THE 28Feb2020 68.5 CALL - SO 2 C68.5 -2,000 USD -5,353 - Cash and Cash Equivalents
0.00% TARGET CORP 28Feb2020 124 CALL - TGT 2 C124 -600 USD -803 - Cash and Cash Equivalents
0.00% AT&T INC 28Feb2020 40.5 CALL - T 2 C40.5 -3,900 USD -5,219 - Cash and Cash Equivalents
0.00% CATERPILLAR INC 28Feb2020 150 CALL - CAT 2 C150 -600 USD -803 - Cash and Cash Equivalents
0.00% CHEVRON CORP 28Feb2020 118 CALL - CVX 2 C118 -700 USD -937 - Cash and Cash Equivalents
0.00% JPMORGAN CHASE & CO 28Feb2020 141 CALL - JPM 2 C141 -600 USD -803 - Cash and Cash Equivalents
0.00% OCCIDENTAL PETROLEUM CORP 28Feb2020 47 CALL - OXY 2 C47 -1,100 USD -1,472 - Cash and Cash Equivalents
0.00% PFIZER INC 28Feb2020 42 CALL - PFE 2 C42 -3,300 USD -8,832 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 06Mar2020 50 CALL - CSCO 3 C50 -1,200 USD -3,212 - Cash and Cash Equivalents
0.00% DOW INC 06Mar2020 50 CALL - DOW 3 C50 -1,200 USD -8,029 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 06Mar2020 62 CALL - VZ 3 C62 -900 USD -1,204 - Cash and Cash Equivalents
0.00% UNITED PARCEL SERVICE INC 20Mar2020 110 CALL - UPS 3 C110 -400 USD -9,100 - Cash and Cash Equivalents
0.00% INTEL CORP 28Feb2020 70 CALL - INTC 2 C70 -1,300 USD -1,740 - Cash and Cash Equivalents
0.00% INTERNATIONAL BUSINESS MACHINE 20Mar2020 165 CALL - IBM 3 C165 -1,100 USD -7,360 - Cash and Cash Equivalents
0.00% SYSCO CORP 06Mar2020 80 CALL - SYY 3 C80 -900 USD -19,271 - Cash and Cash Equivalents
0.00% VALERO ENERGY CORP 06Mar2020 88.5 CALL - VLO 3 C88.5 -900 USD -6,022 - Cash and Cash Equivalents
0.00% METLIFE INC 20Mar2020 55 CALL - MET 3 C55 -2,200 USD -5,888 - Cash and Cash Equivalents
0.00% PROCTER & GAMBLE CO/THE 13Mar2020 129 CALL - PG 3 C129 -600 USD -3,212 - Cash and Cash Equivalents
0.00% VERIZON COMMUNICATIONS INC 20Mar2020 60 CALL - VZ 3 C60 -1,300 USD -24,356 - Cash and Cash Equivalents
0.00% WELLS FARGO & CO 13Mar2020 50 CALL - WFC 3 C50 -2,300 USD -6,156 - Cash and Cash Equivalents
0.00% HOME DEPOT INC/THE 20Mar2020 260 CALL - HD 3 C260 -400 USD -11,241 - Cash and Cash Equivalents
0.00% MCDONALD'S CORP 13Mar2020 222.5 CALL - MCD 3 C222.5 -400 USD -23,018 - Cash and Cash Equivalents
0.00% MICROSOFT CORP 20Mar2020 200 CALL - MSFT 3 C200 -500 USD -4,684 - Cash and Cash Equivalents
0.00% CVS HEALTH CORP 20Mar2020 75 CALL - CVS 3 C75 -1,200 USD -9,635 - Cash and Cash Equivalents
0.00% GENERAL MOTORS CO 20Mar2020 37 CALL - GM 3 C37 -3,800 USD -20,341 - Cash and Cash Equivalents
0.00% OCCIDENTAL PETROLEUM CORP 20Mar2020 47.5 CALL - OXY 3 C47.5 -1,500 USD -8,029 - Cash and Cash Equivalents
0.00% PRUDENTIAL FINANCIAL INC 20Mar2020 97.5 CALL - PRU 3 C97.5 -1,500 USD -18,066 - Cash and Cash Equivalents
0.00% QUALCOMM INC 20Mar2020 97.5 CALL - QCOM 3 C97.5 -1,100 USD -11,777 - Cash and Cash Equivalents
0.00% UNITED PARCEL SERVICE INC 27Mar2020 112 CALL - UPS 3 C112 -400 USD -9,903 - Cash and Cash Equivalents
0.00% CISCO SYSTEMS INC 27Mar2020 48.5 CALL - CSCO 3 C48.5 -1,000 USD -13,382 - Cash and Cash Equivalents
0.00% DOW INC 27Mar2020 52 CALL - DOW 3 C52 -1,200 USD -24,088 - Cash and Cash Equivalents
0.00% INTERNATIONAL PAPER CO 27Mar2020 46 CALL - IP 3 C46 -2,600 USD -17,397 - Cash and Cash Equivalents
0.00% PPL CORP 20Mar2020 36 CALL - PPL 3 C36 -2,000 USD -2,676 - Cash and Cash Equivalents
0.00% ABBVIE INC 20Mar2020 100 CALL - ABBV 3 C100 -600 USD -23,286 - Cash and Cash Equivalents
0.00% ABBVIE INC 27Mar2020 101 CALL - ABBV 3 C101 -1,100 USD -42,690 - Cash and Cash Equivalents
0.00% EATON CORP PLC 27Mar2020 110 CALL - ETN 3 C110 -1,100 USD -27,969 - Cash and Cash Equivalents
0.00% LOCKHEED MARTIN CORP 20Mar2020 445 CALL - LMT 3 C445 -220 USD -10,305 - Cash and Cash Equivalents
0.00% PPL CORP 17Apr2020 37 CALL - PPL 4 C37 -2,000 USD -13,382 - Cash and Cash Equivalents
0.00% TRUIST FINANCIAL CORP 20Mar2020 57.5 CALL - TFC 3 C57.5 -1,900 USD -10,171 - Cash and Cash Equivalents
0.00% VENTAS INC 20Mar2020 65 CALL - VTR 3 C65 -1,700 USD -11,375 - Cash and Cash Equivalents
-0.01% MERCK & CO INC 20Mar2020 85 CALL - MRK 3 C85 -1,000 USD -48,177 - Cash and Cash Equivalents
-0.32% CASH - - 1 CAD -2,899,206 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

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